Vulcan Value Partners 13F, Q2 2025
Vulcan Value Partners · quarter ending 30 June 2025 · filed 13 August 2025 · SEC CIK 1556785
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 38 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $623.71M | 11.0% | -13% shares |
| AMAZON COM INC | AMZN | $439.23M | 7.7% | +11% shares |
| EVEREST GROUP LTD | $435.66M | 7.7% | -6% shares | |
| UNITEDHEALTH GROUP INC | UNH | $395.12M | 7.0% | +696% shares |
| TRANSDIGM GROUP INC | TDG | $361.01M | 6.4% | -7% shares |
| ALPHABET INC | GOOG | $320.18M | 5.6% | -6% shares |
| COSTAR GROUP INC | CSGP | $309.13M | 5.5% | -23% shares |
| SALESFORCE INC | CRM | $300.01M | 5.3% | +48% shares |
| MASTERCARD INCORPORATED | MA | $253.80M | 4.5% | -24% shares |
| VISA INC | V | $245.08M | 4.3% | -26% shares |
| ARES MANAGEMENT CORPORATION | ARES | $217.27M | 3.8% | +781% shares |
| CBRE GROUP INC | CBRE | $215.38M | 3.8% | -5% shares |
| NICE LTD | NICE | $152.89M | 2.7% | -20% shares |
| JONES LANG LASALLE INC | JLL | $131.29M | 2.3% | -10% shares |
| ELEVANCE HEALTH INC | ELV | $123.83M | 2.2% | -23% shares |
| QORVO INC | QRVO | $120.25M | 2.1% | -45% shares |
| IQVIA HLDGS INC | IQV | $114.25M | 2.0% | new |
| TPG INC | TPG | $113.47M | 2.0% | +9% shares |
| MEDPACE HLDGS INC | MEDP | $96.86M | 1.7% | -12% shares |
| STANLEY BLACK & DECKER INC | SWK | $85.48M | 1.5% | +22% shares |
| HEICO CORP NEW | HEI/A | $73.14M | 1.3% | -43% shares |
| CARMAX INC | KMX | $72.27M | 1.3% | -19% shares |
| SKYWORKS SOLUTIONS INC | SWKS | $65.77M | 1.2% | -55% shares |
| LITTELFUSE INC | LFUS | $58.22M | 1.0% | +13% shares |
| CROWN HLDGS INC | CCK | $48.17M | 0.8% | -42% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Vulcan Value Partners opened 2 new positions, added to 11, trimmed 21, left 4 unchanged and exited 3. 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 0001556785-25-000025, 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.