Vulcan Value Partners 13F, Q1 2025
Vulcan Value Partners · quarter ending 31 March 2025 · filed 8 May 2025 · SEC CIK 1556785
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 39 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $523.17M | 9.8% | +17% shares |
| EVEREST GROUP LTD | $482.83M | 9.1% | +36% shares | |
| COSTAR GROUP INC | CSGP | $382.95M | 7.2% | -5% shares |
| TRANSDIGM GROUP INC | TDG | $344.54M | 6.5% | +6% shares |
| AMAZON COM INC | AMZN | $334.04M | 6.3% | -9% shares |
| VISA INC | V | $316.02M | 5.9% | -10% shares |
| MASTERCARD INCORPORATED | MA | $314.82M | 5.9% | -12% shares |
| ALPHABET INC | GOOG | $290.93M | 5.5% | -4% shares |
| CARLYLE GROUP INC | CG | $225.91M | 4.2% | -3% shares |
| CBRE GROUP INC | CBRE | $205.70M | 3.9% | -23% shares |
| SALESFORCE INC | CRM | $194.20M | 3.6% | -4% shares |
| QORVO INC | QRVO | $172.16M | 3.2% | -8% shares |
| ELEVANCE HEALTH INC | ELV | $164.73M | 3.1% | -4% shares |
| NICE LTD | NICE | $161.34M | 3.0% | +10% shares |
| JONES LANG LASALLE INC | JLL | $132.83M | 2.5% | +23% shares |
| SKYWORKS SOLUTIONS INC | SWKS | $115.12M | 2.2% | -66% shares |
| MEDPACE HLDGS INC | MEDP | $99.16M | 1.9% | +222% shares |
| HEICO CORP NEW | HEI/A | $97.04M | 1.8% | -9% shares |
| CARMAX INC | KMX | $95.00M | 1.8% | -8% shares |
| TPG INC | TPG | $86.33M | 1.6% | new |
| UNITEDHEALTH GROUP INC | UNH | $80.43M | 1.5% | +35% shares |
| STANLEY BLACK & DECKER INC | SWK | $72.06M | 1.4% | new |
| CROWN HLDGS INC | CCK | $66.75M | 1.3% | -10% shares |
| LITTELFUSE INC | LFUS | $44.77M | 0.8% | +14% shares |
| GENPACT LIMITED | $38.57M | 0.7% | -30% shares |
What changed since Q4 2024
Against the Q4 2024 filing, Vulcan Value Partners opened 2 new positions, added to 11, trimmed 26, left 0 unchanged and exited 12. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001556785-25-000022, filed by Vulcan Value Partners, LLC. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.