Vulcan Value Partners, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Vulcan Value Partners, LLC reported 38 stock positions worth $5.7 billion. Its top holding was Microsoft (MSFT) at 11.0% of the portfolio, followed by Amazon.com (AMZN, 7.7%) and Everest (EG, 7.7%). Compared with Q1 2025, it opened 2 new positions, sold out of 3, added to 11 and reduced 25. The biggest buy was Unitedhealth (UNH, shares +696%) and the biggest sale an exit from Carlyle (CG).
- Most Recent 13F
- Q2 2026
- Location
- BIRMINGHAM, AL
- CIK
- 0001556785
- Portfolio Value
- $5.7B (Q2 2025)
- SEC Filing
- 0001556785-25-000025 ↗ filed Aug 13, 2025
Holdings Value
Holdings 38 stocks · $5.7B
| MSFT Microsoft Corp. | 10.99% | 1,218,494 | $623.7M | Reduce -12.5% |
| AMZN Amazon.com Inc. | 7.74% | 1,939,874 | $439.2M | Add +10.5% |
| EG Everest Group Ltd. | 7.68% | 1,244,987 | $435.7M | Reduce -6.3% |
| UNH Unitedhealth Group Inc. | 6.97% | 1,222,825 | $395.1M | Add +696.2% |
| TDG Transdigm Group Inc. | 6.36% | 231,595 | $361.0M | Reduce -7.0% |
| GOOG Alphabet Inc. Class C | 5.64% | 1,750,416 | $320.2M | Reduce -6.0% |
| CSGP Costar Group Inc. | 5.45% | 3,716,484 | $309.1M | Reduce -23.1% |
| CRM Salesforce Inc. | 5.29% | 1,068,324 | $300.0M | Add +47.6% |
| MA Mastercard Inc. Class A | 4.47% | 437,891 | $253.8M | Reduce -23.8% |
| V Visa Inc. Class A | 4.32% | 668,397 | $245.1M | Reduce -25.9% |
| ARES Ares Management Corp. Class A | 3.83% | 1,220,881 | $217.3M | Add +780.7% |
| CBRE CBRE Group Inc. Class A | 3.80% | 1,491,792 | $215.4M | Reduce -5.2% |
| NICE Nice Ltd. - Spon ADR | 2.70% | 841,142 | $152.9M | Reduce -19.6% |
| JLL Jones Lang Lasalle Inc. | 2.31% | 480,292 | $131.3M | Reduce -10.4% |
| ELV Elevance Health Inc. | 2.18% | 293,731 | $123.8M | Reduce -22.5% |
| QRVO Qorvo Inc. | 2.12% | 1,320,608 | $120.3M | Reduce -44.5% |
| IQV Iqvia Holdings Inc. | 2.01% | 668,756 | $114.2M | New |
| TPG TPG Inc. | 2.00% | 1,984,910 | $113.5M | Add +9.1% |
| MEDP Medpace Holdings Inc. | 1.71% | 287,459 | $96.9M | Reduce -11.8% |
| SWK Stanley Black & Decker Inc. | 1.51% | 1,142,185 | $85.5M | Add +21.8% |
| HEI.A Heico Corp. Class A | 1.29% | 261,596 | $73.1M | Reduce -43.1% |
| KMX Carmax Inc. | 1.27% | 989,986 | $72.3M | Reduce -18.7% |
| SWKS Skyworks Solutions Inc. | 1.16% | 806,785 | $65.8M | Reduce -54.7% |
| LFUS Littelfuse Inc. | 1.03% | 256,760 | $58.2M | Add +12.8% |
| CCK Crown Holdings Inc. | 0.85% | 434,676 | $48.2M | Reduce -41.7% |
| SSNC Ss&c Technologies Holdings | 0.77% | 474,715 | $43.4M | New |
| CIGI Colliers Intl GR-Subord Vot | 0.59% | 257,173 | $33.6M | Reduce -7.6% |
| ABM Abm Industries Inc. | 0.58% | 699,964 | $33.0M | Reduce -12.9% |
| G Genpact Ltd. | 0.55% | 705,739 | $31.1M | Reduce -7.8% |
| SEE Sealed Air Corp. | 0.45% | 821,208 | $25.5M | Add +22.8% |
| ITRN Ituran Location and Control | 0.45% | 650,676 | $25.4M | Reduce -14.8% |
| MLKN Millerknoll Inc. | 0.39% | 1,120,968 | $22.0M | Reduce -0.3% |
| TKR Timken Co. | 0.36% | 278,516 | $20.2M | Add +56.1% |
| PRG Prog Holdings Inc. | 0.35% | 678,550 | $19.9M | Reduce -0.5% |
| FBIN Fortune Brands Innovations I | 0.29% | 324,692 | $16.7M | Add +77.8% |
| VRTS Virtus Investment Partners | 0.28% | 86,440 | $15.7M | Reduce -0.3% |
| PK Park Hotels & Resorts Inc. | 0.19% | 1,002,586 | $10.5M | Add +2.8% |
| MIDD Middleby Corp. | 0.07% | 29,251 | $4.2M | Reduce -0.3% |
Portfolio Sells Q1 2025 → Q2 2025
| CG The Carlyle Group Inc. | Sold out | 0.00% | −4.24 |
| CSGP Costar Group Inc. | Reduce -23.1% | 5.45% | −1.74 |
| V Visa Inc. Class A | Reduce -25.9% | 4.32% | −1.61 |
| MA Mastercard Inc. Class A | Reduce -23.8% | 4.47% | −1.44 |
| EG Everest Group Ltd. | Reduce -6.3% | 7.68% | −1.39 |
| QRVO Qorvo Inc. | Reduce -44.5% | 2.12% | −1.11 |
| SWKS Skyworks Solutions Inc. | Reduce -54.7% | 1.16% | −1.00 |
| ELV Elevance Health Inc. | Reduce -22.5% | 2.18% | −0.91 |
| DNB Dun & Bradstreet Holdings Inc. | Sold out | 0.00% | −0.69 |
| HEI.A Heico Corp. Class A | Reduce -43.1% | 1.29% | −0.53 |
| KMX Carmax Inc. | Reduce -18.7% | 1.27% | −0.51 |
| CCK Crown Holdings Inc. | Reduce -41.7% | 0.85% | −0.40 |
| NICE Nice Ltd. - Spon ADR | Reduce -19.6% | 2.70% | −0.34 |
| CWK Cushman & Wakefield UK Holdc | Sold out | 0.00% | −0.25 |
| JLL Jones Lang Lasalle Inc. | Reduce -10.4% | 2.31% | −0.18 |
| G Genpact Ltd. | Reduce -7.8% | 0.55% | −0.18 |
| MEDP Medpace Holdings Inc. | Reduce -11.8% | 1.71% | −0.15 |
| ABM Abm Industries Inc. | Reduce -12.9% | 0.58% | −0.13 |
| TDG Transdigm Group Inc. | Reduce -7.0% | 6.36% | −0.11 |
| ITRN Ituran Location and Control | Reduce -14.8% | 0.45% | −0.08 |
| CBRE CBRE Group Inc. Class A | Reduce -5.2% | 3.80% | −0.07 |
| CIGI Colliers Intl GR-Subord Vot | Reduce -7.6% | 0.59% | −0.04 |
| MLKN Millerknoll Inc. | Reduce -0.3% | 0.39% | −0.02 |
| MIDD Middleby Corp. | Reduce -0.3% | 0.07% | −0.01 |
| VRTS Virtus Investment Partners | Reduce -0.3% | 0.28% | −0.00 |
| PRG Prog Holdings Inc. | Reduce -0.5% | 0.35% | +0.01 |
| GOOG Alphabet Inc. Class C | Reduce -6.0% | 5.64% | +0.18 |
| MSFT Microsoft Corp. | Reduce -12.5% | 10.99% | +1.17 |
Portfolio Buys Q1 2025 → Q2 2025
| UNH Unitedhealth Group Inc. | Add +696.2% | 6.97% | +5.45 |
| ARES Ares Management Corp. Class A | Add +780.7% | 3.83% | +3.45 |
| IQV Iqvia Holdings Inc. | New | 2.01% | +2.01 |
| CRM Salesforce Inc. | Add +47.6% | 5.29% | +1.64 |
| AMZN Amazon.com Inc. | Add +10.5% | 7.74% | +1.47 |
| SSNC Ss&c Technologies Holdings | New | 0.77% | +0.77 |
| TPG TPG Inc. | Add +9.1% | 2.00% | +0.38 |
| LFUS Littelfuse Inc. | Add +12.8% | 1.03% | +0.19 |
| SWK Stanley Black & Decker Inc. | Add +21.8% | 1.51% | +0.15 |
| TKR Timken Co. | Add +56.1% | 0.36% | +0.12 |
| SEE Sealed Air Corp. | Add +22.8% | 0.45% | +0.09 |
| FBIN Fortune Brands Innovations I | Add +77.8% | 0.29% | +0.09 |
| PK Park Hotels & Resorts Inc. | Add +2.8% | 0.19% | −0.01 |
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 |