Vulcan Value Partners, LLC Diversified Active

Location: Birmingham, AL

CIK: 0001556785 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Mar 17, 2026

Total Value ($000): $5,543

Holdings (41)

New Positions (3)

TRU TRANSUNION 1.6%

Value ($000) $91 Shares 1,062,584 Est. Cost $82.11 Unrealized 0.0%

SARO STANDARDAERO INC 0.2%

Value ($000) $14 Shares 473,415 Est. Cost $27.23 Unrealized 0.0%

IWD ISHARES TR 0.0%

Value ($000) $1 Shares 2,748 Est. Cost $0.23 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRU	TRANSUNION	1,062,584	$91	1.6%	$82.11	0.0%	—	89400J107
SARO	STANDARDAERO INC	473,415	$14	0.2%	$27.23	0.0%	—	85423L103
IWD	ISHARES TR	2,748	$1	0.0%	$0.23	—	—	464287598

Increased Positions (10)

EG EVEREST GROUP LTD 9.2%

Value ($000) $512 (-99.9%) Shares 1,509,740 (+6.5%) Est. Cost $359.52 Unrealized -8.1%

CSGP COSTAR GROUP INC 5.4%

Value ($000) $302 (-99.9%) Shares 4,485,021 (+17.1%) Est. Cost $81.43 Unrealized -13.0%

ARES ARES MANAGEMENT CORPORATION 4.9%

Value ($000) $274 (-99.9%) Shares 1,696,856 (+25.7%) Est. Cost $149.59 Unrealized +3.6%

NICE NICE LTD 1.8%

Value ($000) $98 (-99.9%) Shares 870,733 (+15.6%) Est. Cost $11.89 Unrealized —

KMX CARMAX INC 2.0%

Value ($000) $113 (-99.9%) Shares 2,928,832 (+25.8%) Est. Cost $60.14 Unrealized -33.5%

FISV FISERV INC 1.7%

Value ($000) $97 (-99.9%) Shares 1,437,643 (+79.0%) Est. Cost $117.07 Unrealized -28.4%

RYAN RYAN SPECIALTY HOLDINGS INC 4.3%

Value ($000) $239 (-99.3%) Shares 4,621,079 (+631.7%) Est. Cost $55.45 Unrealized -1.1%

MLKN MILLERKNOLL INC 0.5%

Value ($000) $26 (-99.9%) Shares 1,389,715 (+24.4%) Est. Cost $24.99 Unrealized -35.2%

FBIN FORTUNE BRANDS INNOVATIONS I 0.3%

Value ($000) $18 (-99.9%) Shares 353,520 (+18.2%) Est. Cost $62.86 Unrealized -20.8%

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $4 (-98.0%) Shares 6,023 (+1887.8%) Est. Cost $34.37 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EG	EVEREST GROUP LTD	1,509,740 (+6.5%)	$512 (-99.9%)	9.2%	$359.52	-8.1%	—	G3223R108
CSGP	COSTAR GROUP INC	4,485,021 (+17.1%)	$302 (-99.9%)	5.4%	$81.43	-13.0%	—	22160N109
ARES	ARES MANAGEMENT CORPORATION	1,696,856 (+25.7%)	$274 (-99.9%)	4.9%	$149.59	+3.6%	—	03990B101
NICE	NICE LTD	870,733 (+15.6%)	$98 (-99.9%)	1.8%	$11.89	—	—	653656108
KMX	CARMAX INC	2,928,832 (+25.8%)	$113 (-99.9%)	2.0%	$60.14	-33.5%	—	143130102
FISV	FISERV INC	1,437,643 (+79.0%)	$97 (-99.9%)	1.7%	$117.07	-28.4%	—	337738108
RYAN	RYAN SPECIALTY HOLDINGS INC	4,621,079 (+631.7%)	$239 (-99.3%)	4.3%	$55.45	-1.1%	—	78351F107
MLKN	MILLERKNOLL INC	1,389,715 (+24.4%)	$26 (-99.9%)	0.5%	$24.99	-35.2%	—	600544100
FBIN	FORTUNE BRANDS INNOVATIONS I	353,520 (+18.2%)	$18 (-99.9%)	0.3%	$62.86	-20.8%	—	34964C106
SPY	SPDR S&P 500 ETF TR	6,023 (+1887.8%)	$4 (-98.0%)	0.1%	$34.37	—	—	78462F103

Exited Positions (2)

SSNC SS&C TECHNOLOGIES HLDGS INC 631.7%

Value ($000) $35,015 Shares 394,720 Est. Cost $78.61 Unrealized +8.5%

SWKS SKYWORKS SOLUTIONS INC 432.1%

Value ($000) $23,954 Shares 311,645 Est. Cost $95.18 Unrealized -27.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SSNC	SS&C TECHNOLOGIES HLDGS INC	394,720	$35,015	631.7%	$78.61	+8.5%	—	78467J100
SWKS	SKYWORKS SOLUTIONS INC	311,645	$23,954	432.1%	$95.18	-27.0%	—	83088M102

Decreased Positions (22)

MSFT MICROSOFT CORP 10.0%

Value ($000) $552 (-99.9%) Shares 1,141,578 (-3.7%) Est. Cost $258.37 Unrealized +93.7%

UNH UNITEDHEALTH GROUP INC 6.5%

Value ($000) $358 (-99.9%) Shares 1,083,267 (-9.6%) Est. Cost $395.54 Unrealized -14.7%

AMZN AMAZON COM INC 7.3%

Value ($000) $406 (-99.9%) Shares 1,759,935 (-6.4%) Est. Cost $130.64 Unrealized +75.1%

TDG TRANSDIGM GROUP INC 5.8%

Value ($000) $320 (-99.9%) Shares 240,620 (-3.6%) Est. Cost $619.94 Unrealized +111.4%

GOOG ALPHABET INC 5.3%

Value ($000) $292 (-99.9%) Shares 931,879 (-15.3%) Est. Cost $109.06 Unrealized +162.5%

MA MASTERCARD INCORPORATED 4.6%

Value ($000) $256 (-99.9%) Shares 449,194 (-3.7%) Est. Cost $260.71 Unrealized +114.4%

V VISA INC 4.6%

Value ($000) $255 (-99.9%) Shares 727,685 (-3.2%) Est. Cost $171.10 Unrealized +98.9%

ELV ELEVANCE HEALTH INC 2.4%

Value ($000) $135 (-99.9%) Shares 386,214 (-7.9%) Est. Cost $400.44 Unrealized -15.9%

IQV IQVIA HLDGS INC 1.3%

Value ($000) $73 (-99.9%) Shares 323,201 (-52.5%) Est. Cost $151.11 Unrealized +44.0%

TPG TPG INC 2.0%

Value ($000) $110 (-99.9%) Shares 1,721,916 (-12.1%) Est. Cost $57.41 Unrealized +2.8%

QRVO QORVO INC 1.7%

Value ($000) $93 (-99.9%) Shares 1,103,354 (-7.9%) Est. Cost $91.36 Unrealized -3.4%

MEDP MEDPACE HLDGS INC 0.5%

Value ($000) $27 (-100.0%) Shares 47,306 (-76.4%) Est. Cost $319.40 Unrealized +77.7%

SWK STANLEY BLACK & DECKER INC 1.4%

Value ($000) $79 (-99.9%) Shares 1,059,558 (-8.8%) Est. Cost $77.43 Unrealized -9.7%

HEI/A HEICO CORP NEW 1.1%

Value ($000) $63 (-99.9%) Shares 250,065 (-7.5%) Est. Cost $103.46 Unrealized +138.7%

JLL JONES LANG LASALLE INC 0.9%

Value ($000) $51 (-99.9%) Shares 150,625 (-23.8%) Est. Cost $202.71 Unrealized +54.6%

LFUS LITTELFUSE INC 0.9%

Value ($000) $49 (-99.9%) Shares 192,212 (-2.4%) Est. Cost $226.13 Unrealized +12.6%

CCK CROWN HLDGS INC 0.7%

Value ($000) $41 (-99.9%) Shares 400,303 (-6.9%) Est. Cost $88.02 Unrealized +10.6%

ITRN ITURAN LOCATION AND CONTROL 0.4%

Value ($000) $23 (-99.9%) Shares 540,059 (-10.3%) Est. Cost $23.14 Unrealized +69.5%

TKR TIMKEN CO 0.2%

Value ($000) $12 (-99.9%) Shares 138,434 (-44.3%) Est. Cost $71.33 Unrealized +11.5%

SEE SEALED AIR CORP NEW 0.1%

Value ($000) $5 (-100.0%) Shares 118,417 (-74.4%) Est. Cost $39.33 Unrealized -1.9%

VRTS VIRTUS INVT PARTNERS INC 0.2%

Value ($000) $13 (-99.9%) Shares 77,326 (-2.4%) Est. Cost $124.06 Unrealized +33.5%

MIDD MIDDLEBY CORP 0.2%

Value ($000) $10 (-99.9%) Shares 69,825 (-1.1%) Est. Cost $138.44 Unrealized -5.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	1,141,578 (-3.7%)	$552 (-99.9%)	10.0%	$258.37	+93.7%	—	594918104
UNH	UNITEDHEALTH GROUP INC	1,083,267 (-9.6%)	$358 (-99.9%)	6.5%	$395.54	-14.7%	—	91324P102
AMZN	AMAZON COM INC	1,759,935 (-6.4%)	$406 (-99.9%)	7.3%	$130.64	+75.1%	—	023135106
TDG	TRANSDIGM GROUP INC	240,620 (-3.6%)	$320 (-99.9%)	5.8%	$619.94	+111.4%	—	893641100
GOOG	ALPHABET INC	931,879 (-15.3%)	$292 (-99.9%)	5.3%	$109.06	+162.5%	—	02079K107
MA	MASTERCARD INCORPORATED	449,194 (-3.7%)	$256 (-99.9%)	4.6%	$260.71	+114.4%	—	57636Q104
V	VISA INC	727,685 (-3.2%)	$255 (-99.9%)	4.6%	$171.10	+98.9%	—	92826C839
ELV	ELEVANCE HEALTH INC	386,214 (-7.9%)	$135 (-99.9%)	2.4%	$400.44	-15.9%	—	036752103
IQV	IQVIA HLDGS INC	323,201 (-52.5%)	$73 (-99.9%)	1.3%	$151.11	+44.0%	—	46266C105
TPG	TPG INC	1,721,916 (-12.1%)	$110 (-99.9%)	2.0%	$57.41	+2.8%	—	872657101
QRVO	QORVO INC	1,103,354 (-7.9%)	$93 (-99.9%)	1.7%	$91.36	-3.4%	—	74736K101
MEDP	MEDPACE HLDGS INC	47,306 (-76.4%)	$27 (-100.0%)	0.5%	$319.40	+77.7%	—	58506Q109
SWK	STANLEY BLACK & DECKER INC	1,059,558 (-8.8%)	$79 (-99.9%)	1.4%	$77.43	-9.7%	—	854502101
HEI/A	HEICO CORP NEW	250,065 (-7.5%)	$63 (-99.9%)	1.1%	$103.46	+138.7%	—	422806208
JLL	JONES LANG LASALLE INC	150,625 (-23.8%)	$51 (-99.9%)	0.9%	$202.71	+54.6%	—	48020Q107
LFUS	LITTELFUSE INC	192,212 (-2.4%)	$49 (-99.9%)	0.9%	$226.13	+12.6%	—	537008104
CCK	CROWN HLDGS INC	400,303 (-6.9%)	$41 (-99.9%)	0.7%	$88.02	+10.6%	—	228368106
ITRN	ITURAN LOCATION AND CONTROL	540,059 (-10.3%)	$23 (-99.9%)	0.4%	$23.14	+69.5%	—	M6158M104
TKR	TIMKEN CO	138,434 (-44.3%)	$12 (-99.9%)	0.2%	$71.33	+11.5%	—	887389104
SEE	SEALED AIR CORP NEW	118,417 (-74.4%)	$5 (-100.0%)	0.1%	$39.33	-1.9%	—	81211K100
VRTS	VIRTUS INVT PARTNERS INC	77,326 (-2.4%)	$13 (-99.9%)	0.2%	$124.06	+33.5%	—	92828Q109
MIDD	MIDDLEBY CORP	69,825 (-1.1%)	$10 (-99.9%)	0.2%	$138.44	-5.2%	—	596278101

Unchanged Positions (6)

CRM SALESFORCE INC 7.4%

Value ($000) $411 Shares 1,549,871 Est. Cost $244.74 Unrealized +1.4%

G GENPACT LIMITED 0.6%

Value ($000) $35 Shares 746,570 Est. Cost $37.60 Unrealized +15.0%

ABM ABM INDS INC 0.5%

Value ($000) $28 Shares 658,777 Est. Cost $37.77 Unrealized +15.6%

CIGI COLLIERS INTL GROUP INC 0.5%

Value ($000) $27 Shares 184,403 Est. Cost $89.45 Unrealized +67.8%

PRG PROG HOLDINGS INC 0.3%

Value ($000) $18 Shares 599,125 Est. Cost $39.03 Unrealized -23.8%

PK PARK HOTELS & RESORTS INC 0.2%

Value ($000) $13 Shares 1,257,968 Est. Cost $14.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CRM	SALESFORCE INC	1,549,871	$411	7.4%	$244.74	+1.4%	—	79466L302
G	GENPACT LIMITED	746,570	$35	0.6%	$37.60	+15.0%	—	G3922B107
ABM	ABM INDS INC	658,777	$28	0.5%	$37.77	+15.6%	—	000957100
CIGI	COLLIERS INTL GROUP INC	184,403	$27	0.5%	$89.45	+67.8%	—	194693107
PRG	PROG HOLDINGS INC	599,125	$18	0.3%	$39.03	-23.8%	—	74319R101
PK	PARK HOTELS & RESORTS INC	1,257,968	$13	0.2%	$14.12	—	—	700517105