Vulcan Value Partners, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Vulcan Value Partners, LLC reported 39 stock positions worth $5.3 billion. Its top holding was Microsoft (MSFT) at 9.8% of the portfolio, followed by Everest (EG, 9.1%) and Costar (CSGP, 7.2%). Compared with Q4 2024, it opened 2 new positions, sold out of 12, added to 11 and reduced 26. The biggest buy was Everest (EG, shares +36%) and the biggest sale Skyworks Solutions (SWKS, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001556785
- Portfolio Value
- $5.3B (Q1 2025)
- SEC Filing
- 0001556785-25-000022 ↗ filed May 8, 2025
Holdings Value
Holdings 39 stocks · $5.3B
| MSFT Microsoft Corp. | 9.83% | 1,393,139 | $523.2M | Add +17.2% |
| EG Everest Group Ltd. | 9.07% | 1,328,732 | $482.8M | Add +35.8% |
| CSGP Costar Group Inc. | 7.19% | 4,833,477 | $382.9M | Reduce -5.2% |
| TDG Transdigm Group Inc. | 6.47% | 249,026 | $344.5M | Add +5.6% |
| AMZN Amazon.com Inc. | 6.27% | 1,755,372 | $334.0M | Reduce -9.4% |
| V Visa Inc. Class A | 5.93% | 902,016 | $316.0M | Reduce -10.1% |
| MA Mastercard Inc. Class A | 5.91% | 574,345 | $314.8M | Reduce -12.3% |
| GOOG Alphabet Inc. Class C | 5.46% | 1,861,409 | $290.9M | Reduce -3.9% |
| CG The Carlyle Group Inc. | 4.24% | 5,180,438 | $225.9M | Reduce -2.9% |
| CBRE CBRE Group Inc. Class A | 3.86% | 1,572,823 | $205.7M | Reduce -22.6% |
| CRM Salesforce Inc. | 3.65% | 723,562 | $194.2M | Reduce -3.5% |
| QRVO Qorvo Inc. | 3.23% | 2,377,959 | $172.2M | Reduce -7.9% |
| ELV Elevance Health Inc. | 3.09% | 378,874 | $164.7M | Reduce -3.8% |
| NICE Nice Ltd. - Spon ADR | 3.03% | 1,046,090 | $161.3M | Add +9.6% |
| JLL Jones Lang Lasalle Inc. | 2.49% | 536,063 | $132.8M | Add +22.9% |
| SWKS Skyworks Solutions Inc. | 2.16% | 1,781,258 | $115.1M | Reduce -66.3% |
| MEDP Medpace Holdings Inc. | 1.86% | 325,916 | $99.2M | Add +221.6% |
| HEI.A Heico Corp. Class A | 1.82% | 459,739 | $97.0M | Reduce -9.0% |
| KMX Carmax Inc. | 1.78% | 1,218,127 | $95.0M | Reduce -8.2% |
| TPG TPG Inc. | 1.62% | 1,819,376 | $86.3M | New |
| UNH Unitedhealth Group Inc. | 1.51% | 153,586 | $80.4M | Add +35.3% |
| SWK Stanley Black & Decker Inc. | 1.35% | 938,140 | $72.1M | New |
| CCK Crown Holdings Inc. | 1.25% | 745,171 | $66.7M | Reduce -9.5% |
| LFUS Littelfuse Inc. | 0.84% | 227,555 | $44.8M | Add +13.7% |
| G Genpact Ltd. | 0.72% | 765,615 | $38.6M | Reduce -29.6% |
| ABM Abm Industries Inc. | 0.71% | 803,846 | $38.1M | Reduce -5.7% |
| DNB Dun & Bradstreet Holdings Inc. | 0.69% | 4,103,360 | $36.7M | Add +50.3% |
| CIGI Colliers Intl GR-Subord Vot | 0.63% | 278,323 | $33.8M | Reduce -7.3% |
| ITRN Ituran Location and Control | 0.52% | 764,017 | $27.9M | Reduce -25.9% |
| MLKN Millerknoll Inc. | 0.41% | 1,124,156 | $21.7M | Reduce -10.2% |
| ARES Ares Management Corp. Class A | 0.38% | 138,622 | $20.4M | Reduce -61.4% |
| SEE Sealed Air Corp. | 0.36% | 668,497 | $19.3M | Reduce -7.1% |
| PRG Prog Holdings Inc. | 0.34% | 681,746 | $18.1M | Add +84.3% |
| VRTS Virtus Investment Partners | 0.28% | 86,700 | $14.9M | Reduce -12.1% |
| CWK Cushman & Wakefield UK Holdc | 0.25% | 1,294,418 | $13.2M | Reduce -64.0% |
| TKR Timken Co. | 0.24% | 178,410 | $12.8M | Reduce -14.1% |
| FBIN Fortune Brands Innovations I | 0.21% | 182,565 | $11.1M | Add +20.2% |
| PK Park Hotels & Resorts Inc. | 0.20% | 975,274 | $10.7M | Reduce -17.1% |
| MIDD Middleby Corp. | 0.08% | 29,350 | $4.5M | Reduce -64.3% |
Portfolio Sells Q4 2024 → Q1 2025
| SWKS Skyworks Solutions Inc. | Reduce -66.3% | 2.16% | −5.68 |
| SSNC Ss&c Technologies Holdings | Sold out | 0.00% | −1.54 |
| LYV Live Nation Entertainment Inc. | Sold out | 0.00% | −1.00 |
| AMZN Amazon.com Inc. | Reduce -9.4% | 6.27% | −0.83 |
| GOOG Alphabet Inc. Class C | Reduce -3.9% | 5.46% | −0.71 |
| ABT Abbott Laboratories | Sold out | 0.00% | −0.70 |
| ARES Ares Management Corp. Class A | Reduce -61.4% | 0.38% | −0.68 |
| CBRE CBRE Group Inc. Class A | Reduce -22.6% | 3.86% | −0.60 |
| CRM Salesforce Inc. | Reduce -3.5% | 3.65% | −0.54 |
| CWK Cushman & Wakefield UK Holdc | Reduce -64.0% | 0.25% | −0.54 |
| MAR Marriott International Class A | Sold out | 0.00% | −0.51 |
| FISV Fiserv Inc. | Sold out | 0.00% | −0.50 |
| CG The Carlyle Group Inc. | Reduce -2.9% | 4.24% | −0.26 |
| DEO Diageo PLC-Sponsored ADR | Sold out | 0.00% | −0.19 |
| ENS Enersys | Sold out | 0.00% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.13 |
| MIDD Middleby Corp. | Reduce -64.3% | 0.08% | −0.10 |
| RTO Rentokil Initial PLC-SP ADR | Sold out | 0.00% | −0.09 |
| VRTS Virtus Investment Partners | Reduce -12.1% | 0.28% | −0.08 |
| PK Park Hotels & Resorts Inc. | Reduce -17.1% | 0.20% | −0.08 |
| MLKN Millerknoll Inc. | Reduce -10.2% | 0.41% | −0.07 |
| G Genpact Ltd. | Reduce -29.6% | 0.72% | −0.06 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -7.3% | 0.63% | −0.05 |
| SEE Sealed Air Corp. | Reduce -7.1% | 0.36% | −0.04 |
| KMX Carmax Inc. | Reduce -8.2% | 1.78% | −0.03 |
| ABM Abm Industries Inc. | Reduce -5.7% | 0.71% | −0.01 |
| ITRN Ituran Location and Control | Reduce -25.9% | 0.52% | −0.01 |
| IWD iShares Russell 1000 Value E | Sold out | 0.00% | −0.01 |
| TKR Timken Co. | Reduce -14.1% | 0.24% | −0.01 |
| IHG Intercontinental Hotels-ADR | Sold out | 0.00% | −0.01 |
| KKR KKR & Co. Inc. | Sold out | 0.00% | −0.01 |
| CCK Crown Holdings Inc. | Reduce -9.5% | 1.25% | +0.12 |
| MA Mastercard Inc. Class A | Reduce -12.3% | 5.91% | +0.14 |
| QRVO Qorvo Inc. | Reduce -7.9% | 3.23% | +0.21 |
| HEI.A Heico Corp. Class A | Reduce -9.0% | 1.82% | +0.25 |
| V Visa Inc. Class A | Reduce -10.1% | 5.93% | +0.63 |
| ELV Elevance Health Inc. | Reduce -3.8% | 3.09% | +0.66 |
| CSGP Costar Group Inc. | Reduce -5.2% | 7.19% | +1.09 |
Portfolio Buys Q4 2024 → Q1 2025
| EG Everest Group Ltd. | Add +35.8% | 9.07% | +3.13 |
| TPG TPG Inc. | New | 1.62% | +1.62 |
| TDG Transdigm Group Inc. | Add +5.6% | 6.47% | +1.48 |
| MSFT Microsoft Corp. | Add +17.2% | 9.83% | +1.45 |
| SWK Stanley Black & Decker Inc. | New | 1.35% | +1.35 |
| MEDP Medpace Holdings Inc. | Add +221.6% | 1.86% | +1.30 |
| JLL Jones Lang Lasalle Inc. | Add +22.9% | 2.49% | +0.65 |
| UNH Unitedhealth Group Inc. | Add +35.3% | 1.51% | +0.55 |
| NICE Nice Ltd. - Spon ADR | Add +9.6% | 3.03% | +0.32 |
| DNB Dun & Bradstreet Holdings Inc. | Add +50.3% | 0.69% | +0.12 |
| PRG Prog Holdings Inc. | Add +84.3% | 0.34% | +0.08 |
| LFUS Littelfuse Inc. | Add +13.7% | 0.84% | +0.05 |
| FBIN Fortune Brands Innovations I | Add +20.2% | 0.21% | +0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 36 | $3.3B | EG, MSFT, RYAN, MA, AMZN |
| Q1 2026 | 33 | $3.8B | EG, MSFT, AMZN, UNH, RYAN |
| Q4 2025Amended | 41 | $5.5B | MSFT, EG, CRM, AMZN, UNH |
| Q3 2025 | 40 | $5.5B | MSFT, EG, UNH, AMZN, CRM |
| Q2 2025 | 38 | $5.7B | MSFT, AMZN, EG, UNH, TDG |
| Q1 2025 | 39 | $5.3B | MSFT, EG, CSGP, TDG, AMZN |
| Q4 2024 | 49 | $6.0B | MSFT, SWKS, AMZN, GOOG, CSGP |
| Q3 2024 | 43 | $6.0B | AMZN, SWKS, CRM, MSFT, CSGP |
| Q2 2024Amended | 45 | $6.6B | AMZN, SWKS, CRM, MSFT, GOOG |
| Q1 2024 | 46 | $6.9B | KKR, AMZN, MSFT, TDG, GOOG |