C.T. Fitzpatrick

Net selling

Vulcan Value Partners, LLC — managed by C.T. Fitzpatrick; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-10) · Source: SEC EDGAR

Portfolio value$3.29B (−13%)

Holdings36 (+3)

Top holdingEverest Group Ltd

Below band3

New

Added

Exited

By what price implies: 13 demand a demanding growth rate, 6 modest.

13F × valuation

Valuation posture

Of 18 valued US positions, 3 trade below a conservative value band (1 in the strike zone) (as of 2026-08-26):

Everest Group LtdEG45% · strike
Fiserv IncFISV20% · below
Genpact LimitedG13% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

Ryan Specialty Holdings IncRYAN9% · 2
Ares Management CorporationARES6% · 2

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Everest Group LtdEG	$370.4M	Strike zone	7	1,036,906	11.3%	Core 8q
Microsoft CorpMSFT	$368.1M	—	43	986,905	11.2%	Core 8q
Ryan Specialty Holdings IncRYAN	$298.8M	—	2	7,912,669	9.1%	Adding 4q
Mastercard IncorporatedMA	$258.3M	—	21	502,961	7.9%	Big new
Amazon Com IncAMZN	$236.6M	—	39	992,758	7.2%	Core 8q
Transdigm Group IncTDG	$227.0M	—	7	170,429	6.9%	—
Ares Management CorporationARES	$211.8M	—	2	1,902,580	6.4%	Big new
TransunionTRU	$195.3M	—	4	2,707,249	5.9%	—
Alphabet IncGOOG	$190.6M	—	37	539,472	5.8%	—
Visa IncV	$158.9M	—	32	463,268	4.8%	—
Tpg IncTPG	$95.8M	—	1	2,361,862	2.9%	—
Medpace Hldgs IncMEDP	$75.1M	—	7	141,743	2.3%	—
Elevance Health IncELV	$60.3M	—	13	155,873	1.8%	—
Servicenow IncNOW	$57.1M	—	6	574,811	1.7%	—
Iqvia Hldgs IncIQV	$50.2M	—	5	259,856	1.5%	—
Carmax IncKMX	$48.3M	—	5	912,638	1.5%	—
Fiserv IncFISV	$43.8M	Below value	9	893,965	1.3%	—
Nice LtdNICE	$43.5M	—	2	478,421	1.3%	—
Heico CorpHEI.A	$39.6M	—	6	153,718	1.2%	—
Jones Lang Lasalle IncJLL	$29.8M	—	7	96,258	0.9%	—
Unitedhealth Group IncUNH	$28.0M	—	19	67,309	0.9%	—
Salesforce IncCRM	$25.7M	—	9	164,013	0.8%	—
Colliers Intl Group IncCIGI	$19.9M	—	4	211,910	0.6%	—
Abm Inds IncABM	$19.8M	—	6	448,559	0.6%	—
Millerknoll IncMLKN	$17.1M	—	3	838,151	0.5%	—

Everest Group LtdEGCore 8q
Value$370.4MValuationStrike zoneHolders7Weight11.3%
Microsoft CorpMSFTCore 8q
Value$368.1MValuation—Holders43Weight11.2%
Ryan Specialty Holdings IncRYANAdding 4q
Value$298.8MValuation—Holders2Weight9.1%
Mastercard IncorporatedMABig new
Value$258.3MValuation—Holders21Weight7.9%
Amazon Com IncAMZNCore 8q
Value$236.6MValuation—Holders39Weight7.2%
Transdigm Group IncTDG—
Value$227.0MValuation—Holders7Weight6.9%
Ares Management CorporationARESBig new
Value$211.8MValuation—Holders2Weight6.4%
TransunionTRU—
Value$195.3MValuation—Holders4Weight5.9%
Alphabet IncGOOG—
Value$190.6MValuation—Holders37Weight5.8%
Visa IncV—
Value$158.9MValuation—Holders32Weight4.8%
Tpg IncTPG—
Value$95.8MValuation—Holders1Weight2.9%
Medpace Hldgs IncMEDP—
Value$75.1MValuation—Holders7Weight2.3%
Elevance Health IncELV—
Value$60.3MValuation—Holders13Weight1.8%
Servicenow IncNOW—
Value$57.1MValuation—Holders6Weight1.7%
Iqvia Hldgs IncIQV—
Value$50.2MValuation—Holders5Weight1.5%
Carmax IncKMX—
Value$48.3MValuation—Holders5Weight1.5%
Fiserv IncFISV—
Value$43.8MValuationBelow valueHolders9Weight1.3%
Nice LtdNICE—
Value$43.5MValuation—Holders2Weight1.3%
Heico CorpHEI.A—
Value$39.6MValuation—Holders6Weight1.2%
Jones Lang Lasalle IncJLL—
Value$29.8MValuation—Holders7Weight0.9%
Unitedhealth Group IncUNH—
Value$28.0MValuation—Holders19Weight0.9%
Salesforce IncCRM—
Value$25.7MValuation—Holders9Weight0.8%
Colliers Intl Group IncCIGI—
Value$19.9MValuation—Holders4Weight0.6%
Abm Inds IncABM—
Value$19.8MValuation—Holders6Weight0.6%
Millerknoll IncMLKN—
Value$17.1MValuation—Holders3Weight0.5%

Showing top 25 of 36 positions

Exited this quarter (1)Park Hotels & Resorts Inc

What is a superinvestor

About this investor

Portfolio overview

Vulcan Value Partners, LLC's most recent 13F filing, for the quarter ended 2026-06-30, reports 36 positions worth $3.29B. The top 5 holdings represent 47% of that value, a moderately concentrated portfolio.

The single largest position is Everest Group Ltd at 11.3% of the portfolio, followed by Microsoft Corp at 11.2% and Ryan Specialty Holdings Inc at 9.1%.

Against the prior quarter, C.T. Fitzpatrick opened 4 new positions, exited 1, added to 6, and trimmed 26. The largest new buy was Equifax Inc. The most notable sale was the full exit from Park Hotels & Resorts Inc.

Across all 8 quarters on file, Everest Group Ltd has appeared in every filing, as has Microsoft Corp. Everest Group Ltd currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

C.T. Fitzpatrick holds 1 position now in the strike zone. See the full strike-zone list

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-10

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