Wallace Capital Management Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Wallace Capital Management Inc. reported 77 stock positions worth $912.1 million. Its top holding was Graham Class B (GHC) at 19.6% of the portfolio, followed by White Mountains Insurance GP (WTM, 18.2%) and Berkshire Hathaway Class B (BRK.B, 14.5%). Compared with Q1 2026, it opened 3 new positions, sold out of 1, added to 26 and reduced 35. The biggest buy was Zoetis (ZTS, shares +5550%) and the biggest sale Seaboard (SEB, shares −7%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001459754
- Portfolio Value
- $912.1M (Q2 2026)
- SEC Filing
- 0001420506-26-001833 ↗ filed Aug 14, 2026
Holdings Value
Holdings 77 stocks · $912.1M
| GHC Graham Holdings Co. Class B | 19.57% | 156,376 | $178.5M | Add +0.8% |
| WTM White Mountains Insurance GP | 18.20% | 80,067 | $166.0M | Add +1.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 14.45% | 263,465 | $131.8M | Add +8.9% |
| PPLI People Inc. | 5.71% | 1,127,772 | $52.1M | Add +0.8% |
| UHAL.B U-Haul Holding Co.-Non Voting | 3.53% | 557,360 | $32.2M | Add +2.9% |
| SEB Seaboard Corp. | 3.36% | 6,871 | $30.7M | Reduce -7.1% |
| L Loews Corp. | 3.03% | 244,525 | $27.7M | Reduce -5.0% |
| JNJ Johnson & Johnson | 2.93% | 105,306 | $26.7M | Reduce -11.0% |
| MHK Mohawk Industries Inc. | 2.91% | 218,805 | $26.5M | Add +2.4% |
| AMG Affiliated Managers Group | 2.16% | 58,334 | $19.7M | Reduce -7.2% |
| TAP Molson Coors Beverage Co. Class B | 1.90% | 445,346 | $17.4M | Reduce -2.4% |
| IMKTA Ingles Markets Inc. Class A | 1.87% | 192,195 | $17.0M | Reduce -0.1% |
| CNX CNX Resources Corp. | 1.85% | 496,627 | $16.9M | Add +17.3% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 1.80% | 186,530 | $16.5M | Add +57.9% |
| RSG Republic Services Inc. | 1.80% | 77,246 | $16.5M | Reduce -3.6% |
| LBTYA Liberty Global Ltd. Class A | 1.67% | 1,342,309 | $15.3M | Add +4.3% |
| HTLD Heartland Express Inc. | 1.61% | 965,007 | $14.7M | Reduce -0.6% |
| ZTS Zoetis Inc. | 1.55% | 197,251 | $14.2M | Add +5550.3% |
| UL Unilever PLC-Sponsored ADR | 1.32% | 200,651 | $12.1M | Add +10.5% |
| JOUT Johnson Outdoors Inc. Class A | 1.25% | 248,207 | $11.4M | Reduce -0.3% |
| GLIBK Liberty Capital Corp. Class C | 1.16% | 492,557 | $10.6M | Reduce -5.1% |
| AAPL Apple Inc. | 0.41% | 12,969 | $3.8M | Add +5.0% |
| PG The Procter & Gamble Co. | 0.39% | 24,139 | $3.5M | Reduce -1.7% |
| GOOG Alphabet Inc. Class C | 0.37% | 9,462 | $3.3M | Add +14.8% |
| LBTYK Liberty Global Ltd. Class C | 0.35% | 289,811 | $3.2M | Reduce -13.8% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.33% | 4 | $3.0M | Reduce -71.4% |
| UHAL U-Haul Holding Co. | 0.32% | 45,170 | $3.0M | Reduce -3.2% |
| KO The Coca-Cola Co. | 0.23% | 26,328 | $2.1M | Reduce -30.6% |
| LBRDK Liberty Broadband-C | 0.20% | 54,758 | $1.8M | Reduce -10.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 2,205 | $1.6M | Reduce -27.8% |
| SIRI Sirius XM Holdings Inc. | 0.17% | 53,407 | $1.6M | Add +0.0% |
| MRK Merck & Co. Inc. | 0.17% | 11,829 | $1.5M | Reduce -29.4% |
| TRIP Tripadvisor Inc. | 0.16% | 108,543 | $1.5M | Reduce -30.2% |
| MDLZ Mondelez International Inc. Class A | 0.16% | 25,697 | $1.5M | Reduce -7.9% |
| MSFT Microsoft Corp. | 0.16% | 3,954 | $1.5M | Add +17.1% |
| GOOGL Alphabet Inc. Class A | 0.16% | 4,059 | $1.5M | Add +12.7% |
| V Visa Inc. Class A | 0.16% | 4,222 | $1.4M | Add +24.3% |
| MA Mastercard Inc. Class A | 0.14% | 2,478 | $1.3M | No change |
| HSY The Hershey Co. | 0.13% | 6,835 | $1.2M | Reduce -2.4% |
| LLYVK Liberty Live Holdings Class C | 0.13% | 11,330 | $1.2M | Reduce -0.4% |
| XOM Exxon Mobil Corp. | 0.13% | 8,442 | $1.2M | Reduce -6.4% |
| JPM JPMorgan Chase & Co. | 0.13% | 3,515 | $1.2M | Add +47.1% |
| VOO Vanguard S&P 500 ETF | 0.11% | 1,492 | $1.0M | Add +2.1% |
| PM Philip Morris International | 0.11% | 5,639 | $1.0M | Add +60.6% |
| UNH Unitedhealth Group Inc. | 0.10% | 2,119 | $881K | No change |
| LLY Eli Lilly & Co. | 0.10% | 723 | $867K | Add +55.5% |
| CL Colgate-Palmolive Co. | 0.09% | 8,735 | $801K | Reduce -9.2% |
| CLX Clorox Company | 0.09% | 8,216 | $784K | Reduce -14.9% |
| CABO Cable One Inc. | 0.07% | 11,567 | $614K | Reduce -2.0% |
| HIFS Hingham Institution for SVGS | 0.07% | 2,000 | $614K | Add +100.0% |
| RTX RTX Corp. | 0.06% | 2,975 | $564K | Add +163.0% |
| PIPR Piper Sandler Cos | 0.06% | 7,600 | $550K | No change |
| ABBV Abbvie Inc. | 0.06% | 2,165 | $545K | Add +29.2% |
| ITOT iShares Core S&P Total U.S. | 0.06% | 3,300 | $542K | New |
| ENB Enbridge Inc. | 0.05% | 8,846 | $480K | Reduce -12.4% |
| APH Amphenol Corp. Class A | 0.05% | 2,600 | $458K | Reduce -8.8% |
| MO Altria Group Inc. | 0.05% | 6,280 | $452K | New |
| KHC The Kraft Heinz Co. | 0.05% | 18,377 | $434K | Reduce -1.0% |
| AMGN Amgen Inc. | 0.05% | 1,171 | $424K | Add +62.9% |
| ADP Automatic Data Processing | 0.04% | 1,760 | $394K | No change |
| CVX Chevron Corp. | 0.04% | 2,195 | $364K | Reduce -0.2% |
| M Macy's Inc. | 0.04% | 14,952 | $352K | No change |
| GIS General Mills Inc. | 0.04% | 10,000 | $348K | Add +85.2% |
| MICC The Magnum Ice Cream Co. NV | 0.04% | 19,789 | $345K | Reduce -37.4% |
| MRSH Marsh & McLennan Cos | 0.04% | 2,010 | $335K | No change |
| MCD McDonald's Corp. | 0.03% | 1,110 | $300K | Reduce -6.0% |
| VEA Vanguard Ftse Developed ETF | 0.03% | 3,862 | $275K | No change |
| IVV iShares Core S&P 500 ETF | 0.03% | 360 | $270K | No change |
| PGR Progressive Corp. | 0.03% | 1,231 | $269K | No change |
| DFUV Dimensional US Marketwide Va | 0.03% | 4,567 | $251K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.03% | 341 | $251K | New |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.03% | 2,860 | $230K | Reduce -6.5% |
| TMO Thermo Fisher Scientific Inc. | 0.02% | 450 | $226K | No change |
| GS Goldman Sachs Group Inc. | 0.02% | 220 | $223K | Reduce -30.4% |
| BKNG Booking Holdings Inc. | 0.02% | 1,200 | $214K | No change |
| VOD Vodafone Group PLC-SP ADR | 0.02% | 15,000 | $198K | No change |
| HLN Haleon PLC-ADR | 0.01% | 11,836 | $110K | Reduce -41.4% |
Portfolio Sells Q1 2026 → Q2 2026
| SEB Seaboard Corp. | Reduce -7.1% | 3.36% | −1.44 |
| GLIBK Liberty Capital Corp. Class C | Reduce -5.1% | 1.16% | −1.05 |
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -71.4% | 0.33% | −0.83 |
| JNJ Johnson & Johnson | Reduce -11.0% | 2.93% | −0.39 |
| TAP Molson Coors Beverage Co. Class B | Reduce -2.4% | 1.90% | −0.35 |
| RSG Republic Services Inc. | Reduce -3.6% | 1.80% | −0.21 |
| LBRDK Liberty Broadband-C | Reduce -10.6% | 0.20% | −0.15 |
| L Loews Corp. | Reduce -5.0% | 3.03% | −0.12 |
| IMKTA Ingles Markets Inc. Class A | Reduce -0.1% | 1.87% | −0.12 |
| LBTYK Liberty Global Ltd. Class C | Reduce -13.8% | 0.35% | −0.10 |
| KO The Coca-Cola Co. | Reduce -30.6% | 0.23% | −0.10 |
| JOUT Johnson Outdoors Inc. Class A | Reduce -0.3% | 1.25% | −0.08 |
| MRK Merck & Co. Inc. | Reduce -29.4% | 0.17% | −0.06 |
| CABO Cable One Inc. | Reduce -2.0% | 0.07% | −0.06 |
| XOM Exxon Mobil Corp. | Reduce -6.4% | 0.13% | −0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -27.8% | 0.18% | −0.05 |
| HSY The Hershey Co. | Reduce -2.4% | 0.13% | −0.04 |
| CLX Clorox Company | Reduce -14.9% | 0.09% | −0.03 |
| TRIP Tripadvisor Inc. | Reduce -30.2% | 0.16% | −0.03 |
| LLYVA Liberty Live Holdings Class A | Sold out | 0.00% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -7.9% | 0.16% | −0.02 |
| PG The Procter & Gamble Co. | Reduce -1.7% | 0.39% | −0.02 |
| MICC The Magnum Ice Cream Co. NV | Reduce -37.4% | 0.04% | −0.02 |
| CVX Chevron Corp. | Reduce -0.2% | 0.04% | −0.01 |
| HLN Haleon PLC-ADR | Reduce -41.4% | 0.01% | −0.01 |
| ENB Enbridge Inc. | Reduce -12.4% | 0.05% | −0.01 |
| MCD McDonald's Corp. | Reduce -6.0% | 0.03% | −0.01 |
| CL Colgate-Palmolive Co. | Reduce -9.2% | 0.09% | −0.01 |
| GS Goldman Sachs Group Inc. | Reduce -30.4% | 0.02% | −0.01 |
| KHC The Kraft Heinz Co. | Reduce -1.0% | 0.05% | −0.00 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -6.5% | 0.03% | 0.00 |
| LLYVK Liberty Live Holdings Class C | Reduce -0.4% | 0.13% | +0.01 |
| APH Amphenol Corp. Class A | Reduce -8.8% | 0.05% | +0.01 |
| UHAL U-Haul Holding Co. | Reduce -3.2% | 0.32% | +0.07 |
| AMG Affiliated Managers Group | Reduce -7.2% | 2.16% | +0.17 |
| HTLD Heartland Express Inc. | Reduce -0.6% | 1.61% | +0.45 |
Portfolio Buys Q1 2026 → Q2 2026
| ZTS Zoetis Inc. | Add +5550.3% | 1.55% | +1.51 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +8.9% | 14.45% | +1.14 |
| UHAL.B U-Haul Holding Co.-Non Voting | Add +2.9% | 3.53% | +0.75 |
| GHC Graham Holdings Co. Class B | Add +0.8% | 19.57% | +0.74 |
| PPLI People Inc. | Add +0.8% | 5.71% | +0.56 |
| MHK Mohawk Industries Inc. | Add +2.4% | 2.91% | +0.49 |
| POST Post Holdings Inc. | Add +57.9% | 1.80% | +0.46 |
| UL Unilever PLC-Sponsored ADR | Add +10.5% | 1.32% | +0.13 |
| GOOG Alphabet Inc. Class C | Add +14.8% | 0.37% | +0.09 |
| ITOT iShares Core S&P Total U.S. | New | 0.06% | +0.06 |
| AAPL Apple Inc. | Add +5.0% | 0.41% | +0.05 |
| MO Altria Group Inc. | New | 0.05% | +0.05 |
| LLY Eli Lilly & Co. | Add +55.5% | 0.10% | +0.05 |
| JPM JPMorgan Chase & Co. | Add +47.1% | 0.13% | +0.05 |
| PM Philip Morris International | Add +60.6% | 0.11% | +0.05 |
| V Visa Inc. Class A | Add +24.3% | 0.16% | +0.04 |
| GOOGL Alphabet Inc. Class A | Add +12.7% | 0.16% | +0.04 |
| RTX RTX Corp. | Add +163.0% | 0.06% | +0.04 |
| HIFS Hingham Institution for SVGS | Add +100.0% | 0.07% | +0.03 |
| SIRI Sirius XM Holdings Inc. | Add +0.0% | 0.17% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.03% | +0.03 |
| MSFT Microsoft Corp. | Add +17.1% | 0.16% | +0.02 |
| ABBV Abbvie Inc. | Add +29.2% | 0.06% | +0.02 |
| AMGN Amgen Inc. | Add +62.9% | 0.05% | +0.02 |
| GIS General Mills Inc. | Add +85.2% | 0.04% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +2.1% | 0.11% | +0.01 |
| CNX CNX Resources Corp. | Add +17.3% | 1.85% | −0.03 |
| LBTYA Liberty Global Ltd. Class A | Add +4.3% | 1.67% | −0.11 |
| WTM White Mountains Insurance GP | Add +1.6% | 18.20% | −1.68 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 77 | $912.1M | GHC, WTM, BRK.B, PPLI, UHAL.B |
| Q1 2026 | 75 | $870.8M | WTM, GHC, BRK.B, PPLI, SEB |
| Q4 2025 | 75 | $830.5M | GHC, WTM, BRK.B, PPLI, SEB |
| Q3 2025 | 77 | $804.7M | GHC, WTM, BRK.B, SEB, JNJ |
| Q2 2025 | 72 | $733.9M | GHC, WTM, BRK.B, TAP, L |
| Q1 2025 | 83 | $781.0M | GHC, BRK.B, WTM, L, JNJ |
| Q4 2024 | 81 | $731.8M | WTM, GHC, BRK.B, L, JNJ |
| Q3 2024 | 85 | $738.5M | BRK.B, WTM, GHC, LBTYA, L |
| Q2 2024Amended | 79 | $690.0M | WTM, BRK.B, GHC, LBTYA, L |
| Q1 2024 | 77 | $733.1M | WTM, BRK.B, GHC, L, JNJ |