Vulcan Value Partners, LLC 13F: Quarter-over-Quarter Portfolio Changes
Vulcan Value Partners, LLC reported a disclosed portfolio value of approximately $3.3 billion in its latest SEC Form 13F-HR filing for Q2 2026, down 12.9% quarter on quarter. Over the quarter, the manager initiated 4 new positions, bought more shares in 6 holdings, trimmed 26 holdings, and exited 1 position.
Vulcan Value Partners, LLC's top buy was Mastercard Incorporated (MA). The manager bought 31.3% more shares, lifting the position's portfolio weight by 2.8 percentage points. Its top sell was Unitedhealth Group (UNH). The manager sold 92.6% of its previously reported shares, reducing the position's portfolio weight by 5.7 percentage points.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| EQUIFAX INC | EFX | 0.4% | Holders → |
| BADGER METER INC | BMI | 0.3% | Holders → |
| VEEVA SYSTEMS | VEEV | 0.1% | Holders → |
| ISHARES TR | IWD | 0.1% | Holders → |
Top BuysQ2 2026
The manager's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| MASTERCARD INCORPORATED | MA | +2.8% | +31.3% | History → |
| RYAN SPECIALTY HOLDINGS | RYAN | +3.2% | +20.0% | History → |
| TPG INC | TPG | +0.8% | +18.9% | Holders → |
| ARES MANAGEMENT CORPORATION | ARES | +1.6% | +12.5% | History → |
| SERVICENOW | NOW | +0.3% | +7.7% | Holders → |
| IQVIA HLDGS INC | IQV | +0.4% | +4.7% | Holders → |
Top SellsQ2 2026
Showing the top 10 sells among 26 existing positions where the manager sold shares in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| UNITEDHEALTH GROUP | UNH | -5.7% | 92.6% | Holders → |
| LITTELFUSE INC | LFUS | -0.5% | 77.7% | Holders → |
| ITURAN LOCATION AND CONTROL | ITRN | -0.4% | 74.9% | Holders → |
| CARMAX INC | KMX | -1.0% | 58.6% | Holders → |
| PROG HOLDINGS INC | PRG | -0.0% | 50.4% | Holders → |
| ELEVANCE HEALTH INC FORMERLY | ELV | -0.5% | 47.5% | Holders → |
| AMAZON COM INC | AMZN | -1.6% | 37.8% | History → |
| FORTUNE BRANDS INNOVATIONS I | FBIN | +0.0% | 37.5% | Holders → |
| STANDARDAERO INC | SARO | -0.1% | 37.2% | Holders → |
| MILLERKNOLL INC | MLKN | +0.0% | 36.7% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| PARK HOTELS & RESORTS INC | PK | 0.3% |
Net Portfolio Value ChangeQ2 2026
- $3.8BPrior quarter
- $3.3BCurrent quarter
- $-0.5BNet delta
- -12.9%% change
Methodology & FAQ
How Vulcan Value Partners, LLC Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Vulcan Value Partners, LLC: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Vulcan Value Partners, LLC buy in Q2 2026?
In Q2 2026, Vulcan Value Partners, LLC initiated 4 new positions (EQUIFAX INC (EFX), BADGER METER INC (BMI), VEEVA SYSTEMS (VEEV), ISHARES TR (IWD)); bought more shares of MASTERCARD INCORPORATED (MA), RYAN SPECIALTY HOLDINGS (RYAN), TPG INC (TPG), ARES MANAGEMENT CORPORATION (ARES), SERVICENOW (NOW) (the largest 5 of 6 adds).
What stocks did Vulcan Value Partners, LLC sell in Q2 2026?
In Q2 2026, Vulcan Value Partners, LLC fully sold 1 position (PARK HOTELS & RESORTS INC (PK)); reduced holdings in UNITEDHEALTH GROUP (UNH), LITTELFUSE INC (LFUS), ITURAN LOCATION AND CONTROL (ITRN), CARMAX INC (KMX), PROG HOLDINGS INC (PRG) (the largest 5 of 26 reductions).
Which positions did Vulcan Value Partners, LLC initiate in Q2 2026?
Vulcan Value Partners, LLC established 4 new positions in Q2 2026: EQUIFAX INC (EFX, 0.4%), BADGER METER INC (BMI, 0.3%), VEEVA SYSTEMS (VEEV, 0.1%), ISHARES TR (IWD, 0.1%).
Which existing positions saw the largest allocation increases for Vulcan Value Partners, LLC in Q2 2026?
Of 6 existing positions with share-count increases in Q2 2026, the largest were: MASTERCARD INCORPORATED (MA, +2.8% weight, +31.3% shares), RYAN SPECIALTY HOLDINGS (RYAN, +3.2% weight, +20.0% shares), TPG INC (TPG, +0.8% weight, +18.9% shares), ARES MANAGEMENT CORPORATION (ARES, +1.6% weight, +12.5% shares), SERVICENOW (NOW, +0.3% weight, +7.7% shares), IQVIA HLDGS INC (IQV, +0.4% weight, +4.7% shares).
Which positions did Vulcan Value Partners, LLC fully exit in Q2 2026?
Vulcan Value Partners, LLC fully exited 1 position in Q2 2026: PARK HOTELS & RESORTS INC (PK, last-reported weight 0.3%).
Which existing positions saw the largest allocation reductions for Vulcan Value Partners, LLC in Q2 2026?
Of 26 existing positions with share-count reductions in Q2 2026, the largest were: UNITEDHEALTH GROUP (UNH, -5.7% weight, -92.6% shares), LITTELFUSE INC (LFUS, -0.5% weight, -77.7% shares), ITURAN LOCATION AND CONTROL (ITRN, -0.4% weight, -74.9% shares), CARMAX INC (KMX, -1.0% weight, -58.6% shares), PROG HOLDINGS INC (PRG, -0.0% weight, -50.4% shares), ELEVANCE HEALTH INC FORMERLY (ELV, -0.5% weight, -47.5% shares), AMAZON COM INC (AMZN, -1.6% weight, -37.8% shares), FORTUNE BRANDS INNOVATIONS I (FBIN, +0.0% weight, -37.5% shares), STANDARDAERO INC (SARO, -0.1% weight, -37.2% shares), MILLERKNOLL INC (MLKN, +0.0% weight, -36.7% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.