Vulcan Value Partners, LLC

BIRMINGHAM, AL · CIK 1556785 · 13F filing filed 2026-08-10

SEC-registered investment adviser since 2009 · limited liability company

Assets managed$6.1bn
Staff38 · 12 in investment roles
Main clients (by assets)Charities 30%, Other advisers 22%, Private funds 16%
Private funds4 · $57.2m gross assets
Form ADV · 2026-09-15SEC adviser record

Legal entityVULCAN VALUE PARTNERS, LLC (US)

$3.3bn reported value -12.9% vs Q1 2026

36positions

76.6%in top 10

4 new 6 added 26 reduced 1 sold out vs Q1 2026

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	EVEREST GROUP LTD COM EG	EG	1,036,906	$370.4m11.28%	11.28%	Reduced -325.0k	-324,959 -23.9%
2	MICROSOFT CORP COM MSFT	MSFT	986,905	$368.1m11.21%	11.21%	Reduced -122.1k	-122,086 -11.0%
3	RYAN SPECIALTY HOLDINGS INC CL A RYAN	RYAN	7,912,669	$298.8m9.09%	9.09%	Added +1.3m	+1,317,334 20.0%
4	MASTERCARD INCORPORATED CL A MA	MA	502,961	$258.3m7.86%	7.86%	Added +119.8k	+119,782 31.3%
5	AMAZON COM INC COM AMZN	AMZN	992,758	$236.6m7.20%	7.20%	Reduced -603.1k	-603,110 -37.8%
6	TRANSDIGM GROUP INC COM TDG	TDG	170,429	$227.0m6.91%	6.91%	Reduced -13.8k	-13,799 -7.5%
7	ARES MANAGEMENT CORPORATION CL A COM STK ARES	ARES	1,902,580	$211.8m6.45%	6.45%	Added +211.4k	+211,404 12.5%
8	TRANSUNION COM TRU	TRU	2,707,249	$195.3m5.94%	5.94%	Reduced -500.2k	-500,156 -15.6%
9	ALPHABET INC CAP STK CL C GOOG	GOOG	539,472	$190.6m5.80%	5.80%	Reduced -137.1k	-137,084 -20.3%
10	VISA INC COM CL A V	V	463,268	$158.9m4.84%	4.84%	Reduced -176.2k	-176,186 -27.6%
11	TPG INC COM CL A TPG	TPG	2,361,862	$95.8m2.92%	2.92%	Added +375.8k	+375,836 18.9%
12	MEDPACE HLDGS INC COM MEDP	MEDP	141,743	$75.1m2.28%	2.28%	Reduced -61.3k	-61,325 -30.2%
13	ELEVANCE HEALTH INC COM ELV	ELV	155,873	$60.3m1.83%	1.83%	Reduced -140.9k	-140,898 -47.5%
14	SERVICENOW INC COM NOW	NOW	574,811	$57.1m1.74%	1.74%	Added +41.0k	+40,994 7.7%
15	IQVIA HLDGS INC COM IQV	IQV	259,856	$50.2m1.53%	1.53%	Added +11.8k	+11,755 4.7%
16	CARMAX INC COM KMX	KMX	912,638	$48.3m1.47%	1.47%	Reduced -1.3m	-1,292,238 -58.6%
17	FISERV INC COM FISV	FISV	893,965	$43.8m1.33%	1.33%	Reduced -200.7k	-200,694 -18.3%
18	NICE LTD SPONSORED ADR NICE	NICE	478,421	$43.5m1.32%	1.32%	Reduced -93.9k	-93,890 -16.4%
19	HEICO CORP NEW CL A HEI.A	HEI.A	153,718	$39.6m1.21%	1.21%	Reduced -24.7k	-24,738 -13.9%
20	JONES LANG LASALLE INC COM JLL	JLL	96,258	$29.8m0.91%	0.91%	Reduced -13.3k	-13,291 -12.1%
21	UNITEDHEALTH GROUP INC COM UNH	UNH	67,309	$28.0m0.85%	0.85%	Reduced -845.4k	-845,365 -92.6%
22	SALESFORCE INC COM CRM	CRM	164,013	$25.7m0.78%	0.78%	Reduced -32.8k	-32,790 -16.7%
23	COLLIERS INTL GROUP INC SUB VTG SHS CIGI	CIGI	211,910	$19.9m0.60%	0.60%	Reduced -43.4k	-43,411 -17.0%
24	ABM INDS INC COM ABM	ABM	448,559	$19.8m0.60%	0.60%	Reduced -181.7k	-181,737 -28.8%
25	MILLERKNOLL INC COM MLKN	MLKN	838,151	$17.1m0.52%	0.52%	Reduced -486.5k	-486,458 -36.7%
26	QORVO INC COM QRVO	QRVO	181,315	$16.9m0.51%	0.51%	Reduced -87.5k	-87,498 -32.5%
27	EQUIFAX INC COM EFX	EFX	90,748	$14.4m0.44%	0.44%	New
28	GENPACT LIMITED SHS G	G	521,587	$14.3m0.44%	0.44%	Reduced -188.7k	-188,726 -26.6%
29	STANDARDAERO INC COM SARO	SARO	450,287	$13.5m0.41%	0.41%	Reduced -266.7k	-266,696 -37.2%
30	PROG HOLDINGS INC COM NPV PRG	PRG	281,066	$13.1m0.40%	0.40%	Reduced -285.2k	-285,248 -50.4%
31	FORTUNE BRANDS INNOVATIONS I COM FBIN	FBIN	214,798	$11.8m0.36%	0.36%	Reduced -128.8k	-128,765 -37.5%
32	BADGER METER INC COM BMI	BMI	68,684	$10.2m0.31%	0.31%	New
33	LITTELFUSE INC COM LFUS	LFUS	17,448	$7.9m0.24%	0.24%	Reduced -60.7k	-60,659 -77.7%
34	ITURAN LOCATION AND CONTROL SHS ITRN	ITRN	124,028	$7.6m0.23%	0.23%	Reduced -369.8k	-369,812 -74.9%
35	VEEVA SYS INC CL A COM VEEV	VEEV	21,240	$3.8m0.11%	0.11%	New
36	ISHARES TR RUS 1000 VAL ETF IWD	IWD	7,011	$1.7m0.05%	0.05%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
PARK HOTELS & RESORTS INC PK	PK	1,195,835	$12.6m1.2m 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
RYAN SPECIALTY HOLDINGS INC RYAN · 13G · filed 2026-08-07	RYAN	6.1%≈ $298.8m	+1.0 pts	13G	2026-08-07