Wallace Capital Management Inc.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Wallace Capital Management Inc. reported 85 stock positions worth $738.5 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 19.7% of the portfolio, followed by White Mountains Insurance GP (WTM, 18.9%) and Graham Class B (GHC, 18.6%). Compared with Q2 2024, it opened 11 new positions, sold out of 5, added to 26 and reduced 28. The biggest buy was a new position in Molson Coors Beverage Class B (TAP) and the biggest sale General Mills (GIS, shares −97%).
- Most Recent 13F
- Q2 2026
- Location
- DALLAS, TX
- CIK
- 0001459754
- Portfolio Value
- $738.5M (Q3 2024)
- SEC Filing
- 0001420506-24-002547 ↗ filed Nov 14, 2024
Holdings Value
Holdings 85 stocks · $738.5M
| BRK.B Berkshire Hathaway Inc. Class B | 19.69% | 315,893 | $145.4M | Reduce -0.7% |
| WTM White Mountains Insurance GP | 18.92% | 82,366 | $139.7M | Add +1.3% |
| GHC Graham Holdings Co. Class B | 18.64% | 167,514 | $137.6M | Reduce -0.8% |
| LBTYA Liberty Global Ltd. Class A | 3.82% | 1,336,758 | $28.2M | Reduce -0.7% |
| L Loews Corp. | 3.03% | 283,394 | $22.4M | Reduce -1.7% |
| JNJ Johnson & Johnson | 2.99% | 136,296 | $22.1M | Reduce -3.9% |
| LBTYK Liberty Global Ltd. Class C | 2.85% | 973,501 | $21.0M | Reduce -3.9% |
| RSG Republic Services Inc. | 2.67% | 98,116 | $19.7M | Reduce -0.0% |
| UL Unilever PLC | 2.61% | 297,066 | $19.3M | Reduce -2.3% |
| CABO Cable One Inc. | 2.21% | 46,724 | $16.3M | Add +7.0% |
| POST Post Holdings Inc. filed as POST HLDGS INC | 2.06% | 131,501 | $15.2M | Reduce -1.6% |
| CNX CNX Resources Corp. | 1.94% | 438,862 | $14.3M | Reduce -1.7% |
| JOUT Johnson Outdoors Inc. Class A | 1.82% | 370,329 | $13.4M | Add +11.2% |
| AMG Affiliated Managers Group | 1.67% | 69,370 | $12.3M | Reduce -0.7% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.40% | 15 | $10.4M | No change |
| EQC Equity Commonwealth | 1.28% | 475,818 | $9.5M | Reduce -10.3% |
| MHK Mohawk Industries Inc. | 1.17% | 53,969 | $8.7M | Reduce -1.9% |
| LBRDK Liberty Broadband-C | 1.12% | 107,032 | $8.3M | Reduce -3.7% |
| TRIP Tripadvisor Inc. | 1.07% | 543,799 | $7.9M | Reduce -3.4% |
| KO The Coca-Cola Co. | 0.80% | 82,683 | $5.9M | Reduce -0.8% |
| PG The Procter & Gamble Co. | 0.60% | 25,493 | $4.4M | Add +0.4% |
| MCY Mercury General Corp. | 0.51% | 59,523 | $3.7M | Reduce -0.1% |
| TAP Molson Coors Beverage Co. Class B | 0.42% | 54,540 | $3.1M | New |
| AAPL Apple Inc. | 0.39% | 12,388 | $2.9M | Add +3.0% |
| MDLZ Mondelez International Inc. Class A | 0.37% | 37,368 | $2.8M | Add +1.0% |
| NPK National Presto Inds Inc. | 0.37% | 36,336 | $2.7M | Add +1.8% |
| CLX Clorox Company | 0.30% | 13,454 | $2.2M | Add +0.8% |
| MRK Merck & Co. Inc. | 0.29% | 19,166 | $2.2M | Add +0.0% |
| HSY The Hershey Co. | 0.28% | 10,675 | $2.0M | Add +1.4% |
| SIRI Sirius XM Holdings Inc. | 0.22% | 70,044 | $1.7M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 2,818 | $1.6M | Add +5.8% |
| ITIC Investors Title Co. | 0.21% | 6,642 | $1.5M | Reduce -4.0% |
| MSFT Microsoft Corp. | 0.19% | 3,312 | $1.4M | Add +2.2% |
| GOOG Alphabet Inc. Class C | 0.19% | 8,420 | $1.4M | No change |
| CL Colgate-Palmolive Co. | 0.19% | 13,290 | $1.4M | No change |
| MA Mastercard Inc. Class A | 0.17% | 2,528 | $1.2M | Reduce -0.9% |
| UNH Unitedhealth Group Inc. | 0.17% | 2,119 | $1.2M | Add +0.9% |
| CVX Chevron Corp. | 0.16% | 8,229 | $1.2M | Add +0.8% |
| INVX Innovex International Inc. | 0.16% | 80,161 | $1.2M | Reduce -35.8% |
| XOM Exxon Mobil Corp. | 0.15% | 9,602 | $1.1M | Add +0.2% |
| V Visa Inc. Class A | 0.14% | 3,647 | $1.0M | Reduce -0.6% |
| LLY Eli Lilly & Co. | 0.14% | 1,130 | $1.0M | Add +9.7% |
| VOO Vanguard S&P 500 ETF | 0.13% | 1,807 | $954K | Add +6.3% |
| KHC The Kraft Heinz Co. | 0.12% | 26,028 | $914K | Add +8.8% |
| PIPR Piper Sandler Cos | 0.12% | 3,188 | $905K | No change |
| AMZN Amazon.com Inc. | 0.12% | 4,850 | $904K | No change |
| HLN Haleon PLC-ADR | 0.11% | 79,952 | $846K | Reduce -0.2% |
| LLYVK Liberty Media Corp.-Liberty-C | 0.11% | 15,375 | $789K | Reduce -7.9% |
| ZTS Zoetis Inc. | 0.10% | 3,872 | $757K | Reduce -2.5% |
| ABT Abbott Laboratories | 0.09% | 6,000 | $684K | No change |
| ACN Accenture PLC Class A | 0.08% | 1,600 | $566K | Add +6.7% |
| GOOGL Alphabet Inc. Class A | 0.07% | 3,277 | $543K | Add +7.8% |
| IT Gartner Inc. | 0.07% | 1,000 | $507K | No change |
| ADP Automatic Data Processing | 0.07% | 1,790 | $495K | No change |
| ENB Enbridge Inc. | 0.07% | 12,096 | $491K | No change |
| MCD McDonald's Corp. | 0.06% | 1,566 | $477K | Reduce -3.0% |
| PM Philip Morris International | 0.06% | 3,904 | $474K | No change |
| JPM JPMorgan Chase & Co. | 0.06% | 2,233 | $471K | Add +4.8% |
| GIS General Mills Inc. | 0.06% | 6,302 | $465K | Reduce -96.8% |
| MRSH Marsh & McLennan Cos | 0.06% | 1,960 | $437K | No change |
| LBRDA Liberty Broadband-A | 0.05% | 5,280 | $406K | No change |
| PEP Pepsico Inc. | 0.05% | 2,331 | $396K | Add +4.5% |
| ABBV Abbvie Inc. | 0.05% | 1,786 | $353K | Add +47.2% |
| PGR Progressive Corp. | 0.04% | 1,240 | $315K | Add +3.3% |
| TMO Thermo Fisher Scientific Inc. | 0.04% | 505 | $312K | Reduce -4.7% |
| PFE Pfizer Inc. | 0.04% | 10,512 | $304K | Add +3.2% |
| META Meta Platforms Inc. Class A | 0.04% | 500 | $286K | No change |
| SRG Seritage Growth Prop- A | 0.04% | 60,257 | $280K | Reduce -1.4% |
| CRD.A Crawford & Company Class A | 0.04% | 25,500 | $280K | No change |
| NKE Nike Inc. Class B | 0.04% | 3,000 | $265K | No change |
| SJM The JM Smucker Co. filed as SMUCKER J M CO | 0.03% | 2,035 | $246K | New |
| VEA Vanguard Ftse Developed ETF | 0.03% | 4,500 | $238K | No change |
| HIFS Hingham Institution for SVGS | 0.03% | 900 | $219K | New |
| K Kellanova | 0.03% | 2,668 | $215K | New |
| APH Amphenol Corp. Class A | 0.03% | 3,200 | $209K | New |
| AMGN Amgen Inc. | 0.03% | 644 | $208K | No change |
| BKNG Booking Holdings Inc. | 0.03% | 48 | $202K | New |
| SYY Sysco Corp. | 0.03% | 2,580 | $201K | New |
| GS Goldman Sachs Group Inc. | 0.03% | 406 | $201K | New |
| TOST Toast Inc. Class A | 0.03% | 7,092 | $201K | New |
| QQQ Invesco QQQ Trust Series 1 | 0.03% | 411 | $200K | New |
| CNH CNH Industrial NV | 0.02% | 15,000 | $167K | Add +7.1% |
| VOD Vodafone Group PLC-SP ADR | 0.02% | 12,500 | $125K | No change |
| CLAR Clarus Corp. | 0.01% | 24,456 | $110K | No change |
| CRWS Crown Crafts Inc. | 0.01% | 12,500 | $60K | No change |
Portfolio Sells Q2 2024 → Q3 2024
| GIS General Mills Inc. | Reduce -96.8% | 0.06% | −1.73 |
| TRIP Tripadvisor Inc. | Reduce -3.4% | 1.07% | −0.39 |
| LSXMK Liberty Media Corp.-Liber-New | Sold out | 0.00% | −0.21 |
| EQC Equity Commonwealth | Reduce -10.3% | 1.28% | −0.21 |
| INVX Innovex International Inc. | Reduce -35.8% | 0.16% | −0.18 |
| RSG Republic Services Inc. | Reduce -0.0% | 2.67% | −0.10 |
| L Loews Corp. | Reduce -1.7% | 3.03% | −0.09 |
| LSXMA Liberty Media Corp. Class A New | Sold out | 0.00% | −0.05 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.05 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.03 |
| WHG Westwood Holdings Group Inc. | Sold out | 0.00% | −0.02 |
| JNJ Johnson & Johnson | Reduce -3.9% | 2.99% | −0.01 |
| V Visa Inc. Class A | Reduce -0.6% | 0.14% | −0.00 |
| SRG Seritage Growth Prop- A | Reduce -1.4% | 0.04% | −0.00 |
| TMO Thermo Fisher Scientific Inc. | Reduce -4.7% | 0.04% | −0.00 |
| ZTS Zoetis Inc. | Reduce -2.5% | 0.10% | +0.00 |
| MCD McDonald's Corp. | Reduce -3.0% | 0.06% | +0.01 |
| MA Mastercard Inc. Class A | Reduce -0.9% | 0.17% | +0.01 |
| LLYVK Liberty Media Corp.-Liberty-C | Reduce -7.9% | 0.11% | +0.01 |
| HLN Haleon PLC-ADR | Reduce -0.2% | 0.11% | +0.02 |
| ITIC Investors Title Co. | Reduce -4.0% | 0.21% | +0.03 |
| KO The Coca-Cola Co. | Reduce -0.8% | 0.80% | +0.04 |
| POST Post Holdings Inc. | Reduce -1.6% | 2.06% | +0.04 |
| MCY Mercury General Corp. | Reduce -0.1% | 0.51% | +0.05 |
| AMG Affiliated Managers Group | Reduce -0.7% | 1.67% | +0.09 |
| UL Unilever PLC | Reduce -2.3% | 2.61% | +0.19 |
| LBTYK Liberty Global Ltd. Class C | Reduce -3.9% | 2.85% | +0.23 |
| LBRDK Liberty Broadband-C | Reduce -3.7% | 1.12% | +0.24 |
| MHK Mohawk Industries Inc. | Reduce -1.9% | 1.17% | +0.27 |
| CNX CNX Resources Corp. | Reduce -1.7% | 1.94% | +0.36 |
| LBTYA Liberty Global Ltd. Class A | Reduce -0.7% | 3.82% | +0.42 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.7% | 19.69% | +0.93 |
| GHC Graham Holdings Co. Class B | Reduce -0.8% | 18.64% | +1.53 |
Portfolio Buys Q2 2024 → Q3 2024
| TAP Molson Coors Beverage Co. Class B | New | 0.42% | +0.42 |
| SIRI Sirius XM Holdings Inc. | New | 0.22% | +0.22 |
| JOUT Johnson Outdoors Inc. Class A | Add +11.2% | 1.82% | +0.13 |
| SJM The JM Smucker Co. | New | 0.03% | +0.03 |
| CLX Clorox Company | Add +0.8% | 0.30% | +0.03 |
| HIFS Hingham Institution for SVGS | New | 0.03% | +0.03 |
| K Kellanova | New | 0.03% | +0.03 |
| APH Amphenol Corp. Class A | New | 0.03% | +0.03 |
| BKNG Booking Holdings Inc. | New | 0.03% | +0.03 |
| SYY Sysco Corp. | New | 0.03% | +0.03 |
| GS Goldman Sachs Group Inc. | New | 0.03% | +0.03 |
| TOST Toast Inc. Class A | New | 0.03% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | New | 0.03% | +0.03 |
| AAPL Apple Inc. | Add +3.0% | 0.39% | +0.02 |
| MDLZ Mondelez International Inc. Class A | Add +1.0% | 0.37% | +0.02 |
| ABBV Abbvie Inc. | Add +47.2% | 0.05% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +0.9% | 0.17% | +0.01 |
| KHC The Kraft Heinz Co. | Add +8.8% | 0.12% | +0.01 |
| ACN Accenture PLC Class A | Add +6.7% | 0.08% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +5.8% | 0.22% | +0.01 |
| PGR Progressive Corp. | Add +3.3% | 0.04% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +6.3% | 0.13% | +0.01 |
| CNH CNH Industrial NV | Add +7.1% | 0.02% | +0.00 |
| JPM JPMorgan Chase & Co. | Add +4.8% | 0.06% | +0.00 |
| LLY Eli Lilly & Co. | Add +9.7% | 0.14% | +0.00 |
| PEP Pepsico Inc. | Add +4.5% | 0.05% | +0.00 |
| PFE Pfizer Inc. | Add +3.2% | 0.04% | −0.00 |
| HSY The Hershey Co. | Add +1.4% | 0.28% | −0.00 |
| GOOGL Alphabet Inc. Class A | Add +7.8% | 0.07% | −0.01 |
| XOM Exxon Mobil Corp. | Add +0.2% | 0.15% | −0.01 |
| PG The Procter & Gamble Co. | Add +0.4% | 0.60% | −0.01 |
| MSFT Microsoft Corp. | Add +2.2% | 0.19% | −0.02 |
| NPK National Presto Inds Inc. | Add +1.8% | 0.37% | −0.02 |
| CVX Chevron Corp. | Add +0.8% | 0.16% | −0.02 |
| CABO Cable One Inc. | Add +7.0% | 2.21% | −0.03 |
| MRK Merck & Co. Inc. | Add +0.0% | 0.29% | −0.05 |
| WTM White Mountains Insurance GP | Add +1.3% | 18.92% | −2.50 |
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 |