Historical Stock Holdings
Vulcan Value Partners
| Period | Portfolio Value | Top 20 holdings history (left to right) | |||||||||||||||||||
| 2025 Q4 | $5.54 B |
MSFT
Microsoft Corp.
9.96% of portfolio |
EG
Everest Group Ltd
9.24% of portfolio |
CRM
Salesforce.com
7.42% of portfolio |
AMZN
Amazon.com Inc.
7.33% of portfolio |
UNH
United Health Group Inc.
6.45% of portfolio |
TDG
TransDigm Group Inc.
5.77% of portfolio |
CSGP
CoStar Group Inc.
5.44% of portfolio |
GOOG
Alphabet Inc. CL C
5.28% of portfolio |
ARES
Ares Management LP
4.95% of portfolio |
MA
Mastercard Inc.
4.63% of portfolio |
V
Visa Inc.
4.60% of portfolio |
RYAN
Ryan Specialty Holdings Inc
4.30% of portfolio |
ELV
Elevance Health Inc.
2.44% of portfolio |
KMX
CarMax Inc.
2.04% of portfolio |
TPG
Tpg Inc
1.98% of portfolio |
NICE
Nice Ltd Spon ADR
1.78% of portfolio |
FISV
Fiserv Inc.
1.74% of portfolio |
QRVO
Qorvo Inc.
1.68% of portfolio |
TRU
TransUnion
1.64% of portfolio |
SWK
Stanley Black & Decker Inc.
1.42% of portfolio |
| 2025 Q3 | $5.52 B |
MSFT
Microsoft Corp.
11.13% of portfolio |
EG
Everest Group Ltd
9.00% of portfolio |
UNH
United Health Group Inc.
7.50% of portfolio |
AMZN
Amazon.com Inc.
7.49% of portfolio |
CRM
Salesforce.com
6.73% of portfolio |
TDG
TransDigm Group Inc.
5.96% of portfolio |
CSGP
CoStar Group Inc.
5.86% of portfolio |
GOOG
Alphabet Inc. CL C
4.86% of portfolio |
MA
Mastercard Inc.
4.81% of portfolio |
V
Visa Inc.
4.65% of portfolio |
ARES
Ares Management LP
3.91% of portfolio |
ELV
Elevance Health Inc.
2.46% of portfolio |
IQV
IQVIA Holdings Inc.
2.35% of portfolio |
TPG
Tpg Inc
2.04% of portfolio |
QRVO
Qorvo Inc.
1.98% of portfolio |
NICE
Nice Ltd Spon ADR
1.97% of portfolio |
KMX
CarMax Inc.
1.90% of portfolio |
MEDP
Medpace Holdings Inc.
1.87% of portfolio |
FISV
Fiserv Inc.
1.87% of portfolio |
SWK
Stanley Black & Decker Inc.
1.56% of portfolio |
| 2025 Q2 | $5.67 B |
MSFT
Microsoft Corp.
10.99% of portfolio |
AMZN
Amazon.com Inc.
7.74% of portfolio |
EG
Everest Group Ltd
7.68% of portfolio |
UNH
United Health Group Inc.
6.97% of portfolio |
TDG
TransDigm Group Inc.
6.36% of portfolio |
GOOG
Alphabet Inc. CL C
5.64% of portfolio |
CSGP
CoStar Group Inc.
5.45% of portfolio |
CRM
Salesforce.com
5.29% of portfolio |
MA
Mastercard Inc.
4.47% of portfolio |
V
Visa Inc.
4.32% of portfolio |
ARES
Ares Management LP
3.83% of portfolio |
CBRE
CBRE Group
3.80% of portfolio |
NICE
Nice Ltd Spon ADR
2.70% of portfolio |
JLL
Jones Lang Lasalle Inc.
2.31% of portfolio |
ELV
Elevance Health Inc.
2.18% of portfolio |
QRVO
Qorvo Inc.
2.12% of portfolio |
IQV
IQVIA Holdings Inc.
2.01% of portfolio |
TPG
Tpg Inc
2.00% of portfolio |
MEDP
Medpace Holdings Inc.
1.71% of portfolio |
SWK
Stanley Black & Decker Inc.
1.51% of portfolio |
| 2025 Q1 | $5.33 B |
MSFT
Microsoft Corp.
9.83% of portfolio |
EG
Everest Group Ltd
9.07% of portfolio |
CSGP
CoStar Group Inc.
7.19% of portfolio |
TDG
TransDigm Group Inc.
6.47% of portfolio |
AMZN
Amazon.com Inc.
6.27% of portfolio |
V
Visa Inc.
5.94% of portfolio |
MA
Mastercard Inc.
5.91% of portfolio |
GOOG
Alphabet Inc. CL C
5.46% of portfolio |
CG
Carlyle Group
4.24% of portfolio |
CBRE
CBRE Group
3.86% of portfolio |
CRM
Salesforce.com
3.65% of portfolio |
QRVO
Qorvo Inc.
3.23% of portfolio |
ELV
Elevance Health Inc.
3.09% of portfolio |
NICE
Nice Ltd Spon ADR
3.03% of portfolio |
JLL
Jones Lang Lasalle Inc.
2.49% of portfolio |
SWKS
Skyworks Solutions Inc.
2.16% of portfolio |
MEDP
Medpace Holdings Inc.
1.86% of portfolio |
HEI.A
HEICO Corp. CL A
1.82% of portfolio |
KMX
CarMax Inc.
1.78% of portfolio |
TPG
Tpg Inc
1.62% of portfolio |
| 2024 Q4 | $5.98 B |
MSFT
Microsoft Corp.
8.38% of portfolio |
SWKS
Skyworks Solutions Inc.
7.85% of portfolio |
AMZN
Amazon.com Inc.
7.11% of portfolio |
GOOG
Alphabet Inc. CL C
6.17% of portfolio |
CSGP
CoStar Group Inc.
6.10% of portfolio |
EG
Everest Group Ltd
5.93% of portfolio |
MA
Mastercard Inc.
5.77% of portfolio |
V
Visa Inc.
5.30% of portfolio |
TDG
TransDigm Group Inc.
5.00% of portfolio |
CG
Carlyle Group
4.50% of portfolio |
CBRE
CBRE Group
4.46% of portfolio |
CRM
Salesforce.com
4.19% of portfolio |
QRVO
Qorvo Inc.
3.02% of portfolio |
NICE
Nice Ltd Spon ADR
2.71% of portfolio |
ELV
Elevance Health Inc.
2.43% of portfolio |
JLL
Jones Lang Lasalle Inc.
1.84% of portfolio |
KMX
CarMax Inc.
1.81% of portfolio |
HEI.A
HEICO Corp. CL A
1.57% of portfolio |
SSNC
SS&C Technologies Holdings Inc.
1.54% of portfolio |
CCK
Crown Holdings
1.14% of portfolio |
| 2024 Q3 | $5.97 B |
AMZN
Amazon.com Inc.
7.12% of portfolio |
SWKS
Skyworks Solutions Inc.
6.77% of portfolio |
CRM
Salesforce.com
6.37% of portfolio |
MSFT
Microsoft Corp.
5.92% of portfolio |
CSGP
CoStar Group Inc.
5.59% of portfolio |
MA
Mastercard Inc.
5.32% of portfolio |
GOOG
Alphabet Inc. CL C
5.28% of portfolio |
CG
Carlyle Group
4.89% of portfolio |
TDG
TransDigm Group Inc.
4.66% of portfolio |
LYV
Live Nation Inc.
4.51% of portfolio |
V
Visa Inc.
4.39% of portfolio |
CBRE
CBRE Group
4.09% of portfolio |
KKR
KKR & Co. L.P.
4.05% of portfolio |
NICE
Nice Ltd Spon ADR
2.92% of portfolio |
QRVO
Qorvo Inc.
2.90% of portfolio |
ELV
Elevance Health Inc.
2.43% of portfolio |
JLL
Jones Lang Lasalle Inc.
2.11% of portfolio |
HEI.A
HEICO Corp. CL A
1.91% of portfolio |
KMX
CarMax Inc.
1.86% of portfolio |
ARES
Ares Management LP
1.78% of portfolio |
| 2024 Q2 | $6.6 B |
SWKS
Skyworks Solutions Inc.
7.30% of portfolio |
AMZN
Amazon.com Inc.
7.30% of portfolio |
CRM
Salesforce.com
5.75% of portfolio |
MSFT
Microsoft Corp.
5.60% of portfolio |
GOOG
Alphabet Inc. CL C
5.51% of portfolio |
KKR
KKR & Co. L.P.
4.66% of portfolio |
CSGP
CoStar Group Inc.
4.65% of portfolio |
MA
Mastercard Inc.
4.60% of portfolio |
CG
Carlyle Group
4.56% of portfolio |
TDG
TransDigm Group Inc.
4.27% of portfolio |
V
Visa Inc.
4.06% of portfolio |
LYV
Live Nation Inc.
3.83% of portfolio |
QRVO
Qorvo Inc.
3.74% of portfolio |
CBRE
CBRE Group
3.60% of portfolio |
NICE
Nice Ltd Spon ADR
3.09% of portfolio |
JLL
Jones Lang Lasalle Inc.
2.93% of portfolio |
ELV
Elevance Health Inc.
2.83% of portfolio |
ARES
Ares Management LP
2.31% of portfolio |
KMX
CarMax Inc.
2.03% of portfolio |
HEI.A
HEICO Corp. CL A
1.97% of portfolio |
| 2024 Q1 | $6.89 B |
KKR
KKR & Co. L.P.
7.86% of portfolio |
AMZN
Amazon.com Inc.
7.62% of portfolio |
MSFT
Microsoft Corp.
6.36% of portfolio |
TDG
TransDigm Group Inc.
6.04% of portfolio |
GOOG
Alphabet Inc. CL C
5.64% of portfolio |
CG
Carlyle Group
5.31% of portfolio |
SWKS
Skyworks Solutions Inc.
5.12% of portfolio |
MA
Mastercard Inc.
4.92% of portfolio |
V
Visa Inc.
4.25% of portfolio |
CRM
Salesforce.com
3.67% of portfolio |
CBRE
CBRE Group
3.59% of portfolio |
CSGP
CoStar Group Inc.
3.05% of portfolio |
NICE
Nice Ltd Spon ADR
3.00% of portfolio |
ELV
Elevance Health Inc.
2.93% of portfolio |
JLL
Jones Lang Lasalle Inc.
2.85% of portfolio |
LYV
Live Nation Inc.
2.82% of portfolio |
ARES
Ares Management LP
2.62% of portfolio |
QRVO
Qorvo Inc.
2.62% of portfolio |
SSNC
SS&C Technologies Holdings Inc.
1.90% of portfolio |
HEI.A
HEICO Corp. CL A
1.86% of portfolio |