River Road Asset Management, LLC

LOUISVILLE, KY · CIK 1341401 · 13F filing filed 2026-07-17

SEC-registered investment adviser since 2005 · limited liability company

Assets managed$9.9bn
Staff46 · 22 in investment roles
Main clients (by assets)Mutual funds and ETFs 45%, Private funds 18%, Pension plans 16%
Websiteriverroadam.com
Form ADV · 2026-03-31SEC adviser record

Legal entityRIVER ROAD ASSET MANAGEMENT, LLC (US)
Part of AFFILIATED MANAGERS GROUP, INC. (US)

Other 13F filers in this group: Artemis Investment Management LLP $11.2bn, YACKTMAN ASSET MANAGEMENT LP $8.1bn, SYSTEMATIC FINANCIAL MANAGEMENT LP $5.0bn, Foyston, Gordon & Payne Inc $467.6m, AFFILIATED MANAGERS GROUP, INC. files a notice, AMG Funds LLC files a notice

$9.0bn reported value +1.9% vs Q1 2026

175positions

23.9%in top 10

14 new 37 added 124 reduced 15 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

ABN AMRO INVESTMENT SOLUTIONS – files its own report too; $329.3m of shares are in both

Also in the report of:

ABN AMRO INVESTMENT SOLUTIONS – $329.3m of shares are in both reports

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BJS WHSL CLUB HLDGS INC COM BJ	BJ	3,374,396	$294.3m3.27%	3.27%	Reduced -129.1k	-129,077 -3.7%
2	MCGRATH RENTCORP COM MGRC	MGRC	2,046,345	$247.7m2.76%	2.76%	Reduced -114.5k	-114,492 -5.3%
3	WHITE MTNS INS GROUP LTD COM WTM	WTM	115,880	$240.3m2.67%	2.67%	Reduced -4.6k	-4,639 -3.9%
4	CORECIVIC INC COM CXW	CXW	7,246,570	$220.2m2.45%	2.45%	Reduced -1.8m	-1,764,826 -19.6%
5	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	432,323	$216.3m2.41%	2.41%	Reduced -23.1k	-23,116 -5.1%
6	LITHIA MTRS INC COM LAD	LAD	682,689	$198.3m2.21%	2.21%	Added +29.9k	+29,874 4.6%
7	STANDARDAERO INC COM SARO	SARO	6,581,400	$196.8m2.19%	2.19%	New
8	MID-AMER APT CMNTYS INC COM MAA	MAA	1,324,380	$184.0m2.05%	2.05%	Reduced -103.7k	-103,699 -7.3%
9	AMRIZE LTD SHS AMRZ	AMRZ	3,331,674	$177.6m1.98%	1.98%	Added +1.1m	+1,088,211 48.5%
10	APTARGROUP INC COM ATR	ATR	1,350,700	$169.1m1.88%	1.88%	Added +173.7k	+173,697 14.8%
11	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	3,262,754	$165.4m1.84%	1.84%	Reduced -278.4k	-278,387 -7.9%
12	LABCORP HOLDINGS INC COM SHS LH	LH	589,085	$164.9m1.83%	1.83%	Added +84.2k	+84,153 16.7%
13	COOPER COS INC COM COO	COO	1,980,875	$142.0m1.58%	1.58%	Added +6.3k	+6,269 0.3%
14	GENWORTH FINL INC COM SHS GNW	GNW	14,472,015	$137.0m1.52%	1.52%	Reduced -849.6k	-849,597 -5.5%
15	AMERICAN EXPRESS CO COM AXP	AXP	404,116	$136.7m1.52%	1.52%	Added +24.9k	+24,919 6.6%
16	CAL MAINE FOODS INC COM NEW CALM	CALM	1,655,409	$133.4m1.48%	1.48%	Added +285.9k	+285,887 20.9%
17	EPLUS INC COM PLUS	PLUS	1,582,148	$131.7m1.46%	1.46%	Reduced -42.5k	-42,524 -2.6%
18	CRH PLC ORD CRH	CRH	1,221,174	$130.7m1.45%	1.45%	Reduced -64.8k	-64,803 -5.0%
19	VIAD CORP COM PRSU	PRSU	1,992,504	$111.5m1.24%	1.24%	Reduced -81.7k	-81,718 -3.9%
20	ARMSTRONG WORLD INDS INC NEW COM AWI	AWI	694,210	$111.4m1.24%	1.24%	Added +415.6k	+415,554 149.1%
21	CHEMED CORP NEW COM CHE	CHE	237,927	$110.8m1.23%	1.23%	Added +166.2k	+166,159 231.5%
22	DISNEY WALT CO COM DIS	DIS	1,147,993	$110.5m1.23%	1.23%	Added +172.1k	+172,088 17.6%
23	INTERNATIONAL FLAVORS&FRAGRA COM IFF	IFF	1,364,943	$108.1m1.20%	1.20%	Added +105.3k	+105,290 8.4%
24	PROGRESSIVE CORP COM PGR	PGR	467,075	$102.0m1.14%	1.14%	Reduced -15.0k	-14,955 -3.1%
25	CACI INTL INC CL A CACI	CACI	217,801	$100.9m1.12%	1.12%	Added +68.5k	+68,475 45.9%
26	AXIS CAP HLDGS LTD SHS AXS	AXS	929,726	$99.9m1.11%	1.11%	Reduced -85.3k	-85,302 -8.4%
27	META PLATFORMS INC CL A META	META	173,418	$97.7m1.09%	1.09%	Added +172.7k	+172,721 24780.6%
28	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	371,893	$97.2m1.08%	1.08%	Reduced -113.1k	-113,100 -23.3%
29	HAEMONETICS CORP MASS COM HAE	HAE	1,285,602	$96.4m1.07%	1.07%	Reduced -42.4k	-42,387 -3.2%
30	VONTIER CORPORATION COM VNT	VNT	3,290,984	$95.4m1.06%	1.06%	Reduced -37.5k	-37,475 -1.1%
31	CONSTELLATION ENERGY CORP COM CEG	CEG	376,043	$93.4m1.04%	1.04%	Added +88.9k	+88,852 30.9%
32	DELEK US HLDGS INC NEW COM DK	DK	1,837,251	$93.4m1.04%	1.04%	Reduced -643.1k	-643,127 -25.9%
33	ASSURED GUARANTY LTD COM AGO	AGO	1,160,270	$93.0m1.03%	1.03%	Reduced -731.1k	-731,108 -38.6%
34	SMITH & NEPHEW PLC SPDN ADR NEW SNN	SNN	3,221,876	$92.8m1.03%	1.03%	Reduced -19.9k	-19,874 -0.6%
35	ICU MED INC COM ICUI	ICUI	626,290	$91.8m1.02%	1.02%	Reduced -20.1k	-20,140 -3.1%
36	AMAZON COM INC COM AMZN	AMZN	375,949	$89.6m1.00%	1.00%	Added +49.3k	+49,267 15.1%
37	GE HEALTHCARE TECHNOLOGIES I COMMON STOCK GEHC	GEHC	1,319,999	$84.5m0.94%	0.94%	Reduced -23.2k	-23,188 -1.7%
38	SMITH A O CORP COM AOS	AOS	1,346,882	$84.5m0.94%	0.94%	New
39	SPROUTS FMRS MKT INC COM SFM	SFM	985,375	$83.3m0.93%	0.93%	Added +286.7k	+286,686 41.0%
40	FIRST CTZNS BANCSHARES INC N CL A FCNCA	FCNCA	39,784	$82.8m0.92%	0.92%	Reduced -10.4k	-10,367 -20.7%
41	INGLES MKTS INC CL A IMKTA	IMKTA	915,990	$81.1m0.90%	0.90%	Reduced -40.4k	-40,430 -4.2%
42	UFP INDUSTRIES INC COM UFPI	UFPI	889,187	$80.7m0.90%	0.90%	Reduced -656	-656 -0.1%
43	WILLSCOT HLDGS CORP COM CL A WSC	WSC	2,783,533	$80.3m0.89%	0.89%	Reduced -153.4k	-153,359 -5.2%
44	SPIRE INC COM SR	SR	993,125	$77.6m0.86%	0.86%	New
45	SOUTHWEST GAS HLDGS INC COM SWX	SWX	865,242	$76.7m0.85%	0.85%	Reduced -38.5k	-38,508 -4.3%
46	PRICESMART INC COM PSMT	PSMT	391,455	$76.5m0.85%	0.85%	Reduced -209.7k	-209,723 -34.9%
47	MDU RES GROUP INC COM MDU	MDU	3,403,955	$72.2m0.80%	0.80%	Reduced -673.3k	-673,296 -16.5%
48	TELEFLEX INCORPORATED COM TFX	TFX	548,173	$69.5m0.77%	0.77%	Reduced -373.9k	-373,943 -40.5%
49	VAIL RESORTS INC COM MTN	MTN	494,437	$67.3m0.75%	0.75%	Reduced -9.6k	-9,557 -1.9%
50	PAYCOM SOFTWARE INC COM PAYC	PAYC	522,119	$65.6m0.73%	0.73%	Reduced -17.1k	-17,104 -3.2%
51	KEURIG DR PEPPER INC COM KDP	KDP	1,993,520	$65.2m0.73%	0.73%	Reduced -741.1k	-741,073 -27.1%
52	UNITED PARKS & RESORTS INC COM PRKS	PRKS	1,322,967	$63.2m0.70%	0.70%	Reduced -757.2k	-757,237 -36.4%
53	BECTON DICKINSON & CO COM BDX	BDX	413,651	$62.6m0.70%	0.70%	Reduced -2.5k	-2,469 -0.6%
54	DOLE PLC ORD SHS DOLE	DOLE	4,559,787	$62.6m0.70%	0.70%	Reduced -135.2k	-135,164 -2.9%
55	WEX INC COM WEX	WEX	424,915	$60.0m0.67%	0.67%	Reduced -51.2k	-51,162 -10.8%
56	UNION PAC CORP COM UNP	UNP	220,385	$59.9m0.67%	0.67%	Reduced -265.8k	-265,771 -54.7%
57	UGI CORP NEW COM UGI	UGI	1,720,788	$59.4m0.66%	0.66%	Added +942.1k	+942,097 121.0%
58	MURPHY USA INC COM MUSA	MUSA	106,439	$57.4m0.64%	0.64%	Reduced -289.3k	-289,345 -73.1%
59	WELLS FARGO CO NEW COM WFC	WFC	693,210	$57.3m0.64%	0.64%	Reduced -16.2k	-16,200 -2.3%
60	NORTHWESTERN ENERGY GROUP IN COM NEW NWE	NWE	796,943	$57.1m0.63%	0.63%	Reduced -208.9k	-208,859 -20.8%
61	TITAN AMER SA COMMON SHARES TTAM	TTAM	2,961,634	$55.3m0.61%	0.61%	Reduced -172.7k	-172,732 -5.5%
62	OWENS CORNING NEW COM OC	OC	340,103	$54.1m0.60%	0.60%	Reduced -18.3k	-18,305 -5.1%
63	RAYONIER INC COM RYN	RYN	2,529,591	$53.8m0.60%	0.60%	New
64	RENTOKIL INITIAL PLC SPONSORED ADR RTO	RTO	1,838,490	$52.6m0.59%	0.59%	Reduced -71.3k	-71,318 -3.7%
65	DNOW INC COM DNOW	DNOW	3,936,101	$51.1m0.57%	0.57%	Reduced -73.1k	-73,124 -1.8%
66	LGI HOMES INC COM LGIH	LGIH	798,542	$50.9m0.57%	0.57%	Reduced -38.9k	-38,865 -4.6%
67	PERMIAN RESOURCES CORP CLASS A COM PR	PR	2,707,555	$49.8m0.55%	0.55%	Reduced -858.1k	-858,066 -24.1%
68	SCIENCE APPLICATIONS INTL CO COM SAIC	SAIC	450,948	$49.8m0.55%	0.55%	Reduced -32.0k	-31,959 -6.6%
69	ASBURY AUTOMOTIVE GROUP INC COM ABG	ABG	247,190	$49.7m0.55%	0.55%	Reduced -3.2k	-3,210 -1.3%
70	ICON PLC SHS ICLR	ICLR	285,137	$49.5m0.55%	0.55%	Reduced -84.6k	-84,578 -22.9%
71	TRINITY INDS INC COM TRN	TRN	1,388,599	$48.0m0.53%	0.53%	New
72	GENUINE PARTS CO COM GPC	GPC	394,336	$46.5m0.52%	0.52%	Added +234.2k	+234,165 146.2%
73	TD SYNNEX CORPORATION COM SNX	SNX	173,590	$46.4m0.52%	0.52%	Reduced -107.9k	-107,858 -38.3%
74	INGRAM MICRO HLDG CORP COM INGM	INGM	1,611,151	$44.2m0.49%	0.49%	Reduced -146.9k	-146,911 -8.4%
75	MAXIMUS INC COM MMS	MMS	759,899	$40.9m0.45%	0.45%	Reduced -66.3k	-66,325 -8.0%
76	RADIAN GROUP INC COM RDN	RDN	1,081,337	$40.7m0.45%	0.45%	Reduced -46.3k	-46,286 -4.1%
77	CNA FINL CORP COM CNA	CNA	802,360	$39.0m0.43%	0.43%	Reduced -45.8k	-45,837 -5.4%
78	CARLISLE COS INC COM CSL	CSL	107,218	$38.9m0.43%	0.43%	Reduced -53.5k	-53,535 -33.3%
79	HUB GROUP INC CL A HUBG	HUBG	873,954	$38.3m0.43%	0.43%	Reduced -241.3k	-241,264 -21.6%
80	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	492,052	$35.2m0.39%	0.39%	Reduced -18.3k	-18,335 -3.6%
81	LOCKHEED MARTIN CORP COM LMT	LMT	68,915	$35.1m0.39%	0.39%	Added +8.7k	+8,686 14.4%
82	HUNTINGTON INGALLS INDS INC COM HII	HII	124,389	$34.8m0.39%	0.39%	Reduced -1.4k	-1,428 -1.1%
83	SIMPLY GOOD FOODS CO COM SMPL	SMPL	2,577,795	$34.2m0.38%	0.38%	Reduced -421.5k	-421,519 -14.1%
84	NOMAD FOODS LTD USD ORD SHS NOMD	NOMD	3,105,937	$34.0m0.38%	0.38%	Reduced -711.5k	-711,547 -18.6%
85	BIOMARIN PHARMACEUTICAL INC COM BMRN	BMRN	542,990	$31.1m0.35%	0.35%	Reduced -374.6k	-374,622 -40.8%
86	INDEPENDENCE RLTY TR INC COM IRT	IRT	1,751,510	$29.2m0.33%	0.33%	Added +672.1k	+672,126 62.3%
87	CANNAE HLDGS INC COM CNNE	CNNE	1,915,746	$27.6m0.31%	0.31%	Reduced -44.4k	-44,359 -2.3%
88	KROGER CO COM KR	KR	486,666	$27.0m0.30%	0.30%	Reduced -957.8k	-957,807 -66.3%
89	LKQ CORP COM LKQ	LKQ	1,015,715	$26.7m0.30%	0.30%	Reduced -333.7k	-333,693 -24.7%
90	AMERICAN CENTY ETF TR US LARGE CAP VLU AVLV	AVLV	293,193	$26.7m0.30%	0.30%	New
91	P10 INC COM CL A RPC	RPC	3,250,951	$25.6m0.28%	0.28%	Reduced -136.2k	-136,193 -4.0%
92	UNILEVER PLC SPON ADR NEW UL	UL	408,941	$24.6m0.27%	0.27%	Reduced -37.2k	-37,247 -8.3%
93	ENOVIS CORPORATION COM ENOV	ENOV	1,180,107	$24.4m0.27%	0.27%	Reduced -322.9k	-322,875 -21.5%
94	JANUS INTERNATIONAL GROUP IN COMMON STOCK JBI	JBI	4,360,798	$24.2m0.27%	0.27%	Reduced -139.6k	-139,624 -3.1%
95	WESCO INTL INC COM WCC	WCC	70,019	$24.2m0.27%	0.27%	Reduced -9.8k	-9,813 -12.3%
96	CNH INDL N V SHS CNH	CNH	2,015,546	$22.6m0.25%	0.25%	Reduced -72.9k	-72,856 -3.5%
97	DEERE & CO COM DE	DE	35,215	$22.3m0.25%	0.25%	Reduced -48.8k	-48,767 -58.1%
98	ALAMO GROUP INC COM ALG	ALG	134,777	$22.2m0.25%	0.25%	Added +94.1k	+94,068 231.1%
99	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	383,839	$21.5m0.24%	0.24%	Reduced -23.5k	-23,530 -5.8%
100	HF SINCLAIR CORP COM DINO	DINO	308,951	$21.5m0.24%	0.24%	Reduced -360.1k	-360,093 -53.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
LENNAR CORP LEN	LEN	479,047	$41.6m479.0k shares
BELLRING BRANDS INC BRBR	BRBR	2,162,720	$34.8m2.2m shares
EMBECTA CORP EMBC	EMBC	3,449,502	$30.5m3.4m shares
ISHARES TR IWD	IWD	121,158	$25.9m121.2k shares
CARNIVAL CORP		597,346	$15.5m597.3k shares
ALBERTSONS COS INC ACI	ACI	617,740	$10.5m617.7k shares
NCR VOYIX CORPORATION VYX	VYX	1,551,205	$9.8m1.6m shares
YELP INC YELP	YELP	317,831	$7.9m317.8k shares
OVINTIV INC OVV	OVV	124,051	$7.4m124.1k shares
MORNINGSTAR INC MORN	MORN	42,084	$7.1m42.1k shares
ZOETIS INC ZTS	ZTS	46,053	$5.4m46.1k shares
ACCENTURE PLC IRELAND ACN	ACN	26,645	$5.3m26.6k shares
BRISTOL-MYERS SQUIBB CO BMY	BMY	64,152	$3.9m64.2k shares
AES CORP AES	AES	236,092	$3.3m236.1k shares
CORNING INC GLW	GLW	20,703	$2.8m20.7k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
MCGRATH RENTCORP MGRC · 13G · filed 2026-01-29	MGRC	8.7%≈ $258.1m	+1.0 pts	13G	2026-01-29
CORECIVIC INC CXW · 13G · filed 2026-08-07	CXW	7.3%≈ $220.2m	-1.8 pts	13G	2026-08-07
VIAD CORP PRSU · 13G · filed 2025-05-08	PRSU	6.7%≈ $105.6m		13G	2025-05-08
INGLES MKTS INC IMKTA · 13G · filed 2025-02-06	IMKTA	6.7%≈ $86.5m		13G	2025-02-06