FIDUCIARY MANAGEMENT INC /WI/
CIK 764532 · View on SEC EDGAR ↗
- Portfolio value
- $7.0B
- Positions
- 56
- As of
- June 30, 2026
#642 of 9,443 by 13F value · top 6.8%
Portfolio value QoQ: -12.7% 13F does not disclose cash
- Top 10 holdings weight
- 33.43%
- Top 25 holdings weight
- 65.42%
- Positions above 1%
- 46
- Effective number of positions
- 41.8
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 12.18% Est. buys $918,987,700 · sells $2,268,642,746
Median holding: 6.0 quarters Tracked Q4 2024–Q2 2026 · 59.6% still held
- New positions
- 5
- Increased
- 14
- Decreased
- 37
- Closed
- 9
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- High-conviction bets The holdings this manager is most concentrated in.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Performance vs S&P 500
Annualized: +9.3% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 92.8% · Options excluded: 0.0%
Sector breakdown
Industrials
36.3%
Financials
11.5%
Financial Services
10.2%
Consumer Discretionary
10.0%
Health Care
9.6%
Retail
5.3%
Packaging
4.7%
Consumer products
3.7%
Paper & Forest
2.0%
Other/Unmapped
6.7%
Full portfolio 56 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| ARMK Aramark Common Stock | $371,016,165 | 5.28% | 6,520,495 | $-58,217,098 | Down ×5 | ||
| BKNG Booking Holdings Inc. - Common Stock | $331,203,607 | 4.71% | 1,858,189 | $-64,191,755 | Up ×2 | ||
| NSIT Insight Enterprises, Inc. - Common Stock | $267,658,058 | 3.81% | 2,197,521 | $141,995,746 | Up ×2 | ||
| SCHW Charles Schwab Corporation (The) Common Stock | $211,828,207 | 3.01% | 2,295,743 | $-113,861,457 | Down ×6 | ||
| VVV Valvoline Inc. Common Stock | $202,537,205 | 2.88% | 5,122,337 | $39,898,809 | Up ×1 | ||
| HAYW Hayward Holdings, Inc. Common Stock | $202,255,891 | 2.88% | 11,684,338 | $85,328,606 | Up ×1 | ||
| FERG Ferguson Enterprises Inc. Common Stock | $200,521,778 | 2.85% | 844,907 | $-111,424,284 | Down ×5 | ||
| CDW CDW Corporation - Common Stock | $196,018,125 | 2.79% | 1,393,758 | $21,348,870 | Down ×1 | ||
| OMF OneMain Holdings, Inc. Common Stock | $187,828,633 | 2.67% | 3,080,673 | $44,292,176 | Up ×1 | ||
| ZION Zions Bancorporation N.A. - Common Stock | $179,289,072 | 2.55% | 2,591,257 | $18,646,990 | Down ×3 | ||
| ATR AptarGroup, Inc. Common Stock | $178,256,129 | 2.54% | 1,423,771 | $20,436,494 | Up ×4 | ||
| Unknown issuer (CUSIP: G39104107) | $173,113,183 | 2.46% | 6,189,245 | Up ×1 | |||
| CSL Carlisle Companies Incorporated Common Stock | $162,500,392 | 2.31% | 447,968 | $-2,222,481 | Down ×3 | ||
| CVCO Cavco Industries, Inc. - Common Stock | $153,677,941 | 2.19% | 250,135 | $24,123,586 | Down ×1 | ||
| MWA MUELLER WATER PRODUCTS Common Stock | $152,449,125 | 2.17% | 5,902,018 | $38,195,214 | Up ×2 | ||
| AVY Avery Dennison Corporation Common Stock | $151,926,156 | 2.16% | 935,794 | $-64,360,552 | Down ×3 | ||
| PRI Primerica, Inc. Common Stock | $151,827,029 | 2.16% | 534,226 | $-21,510,642 | Down ×1 | ||
| HSIC Henry Schein, Inc. - Common Stock | $151,785,323 | 2.16% | 1,817,353 | $7,769,406 | Down ×6 | ||
| COF Capital One Financial Corporation Common Stock | $151,207,896 | 2.15% | 753,703 | $44,344,598 | Up ×1 | ||
| FCN FTI Consulting, Inc. Common Stock | $142,744,428 | 2.03% | 957,952 | $-2,863,319 | Up ×1 | ||
| CARR Carrier Global Corporation Common Stock | $141,091,512 | 2.01% | 1,923,538 | $-59,788,163 | Down ×2 | ||
| WTM White Mountains Insurance Group, Ltd. Common Stock | $137,984,104 | 1.96% | 66,550 | $-48,902,495 | Down ×3 | ||
| LPX Louisiana-Pacific Corporation Common Stock | $137,743,099 | 1.96% | 1,751,120 | $45,685,395 | Up ×3 | ||
| UNH UnitedHealth Group Incorporated Common Stock (DE) | $135,479,586 | 1.93% | 325,962 | $38,621,625 | Down ×5 | ||
| MAS Masco Corporation Common Stock | $127,174,231 | 1.81% | 1,562,913 | $-15,831,734 | Down ×6 | ||
| BDX Becton, Dickinson and Company Common Stock | $125,873,419 | 1.79% | 831,781 | $-69,052,788 | Down ×1 | ||
| HLI Houlihan Lokey, Inc. Class A Common Stock | $125,869,067 | 1.79% | 938,411 | $10,460,056 | Up ×2 | ||
| MSA MSA Safety Incorporated Common Stock | $124,609,617 | 1.77% | 713,768 | $13,289,862 | Up ×1 | ||
| ACGL Arch Capital Group Ltd. - Common Stock | $118,920,436 | 1.69% | 1,225,226 | $-21,330,169 | Down ×1 | ||
| HURN Huron Consulting Group Inc. - Common Stock | $116,604,289 | 1.66% | 1,293,304 | $1,429,823 | Up ×2 | ||
| Unknown issuer (CUSIP: 866966104) | $116,203,046 | 1.65% | 1,553,309 | $-8,851,116 | Down ×1 | ||
| DCI Donaldson Company, Inc. Common Stock | $114,828,757 | 1.63% | 1,279,144 | $-6,232,102 | Down ×5 | ||
| ALLE Allegion plc Ordinary Shares | $112,905,350 | 1.61% | 803,654 | $-37,181,981 | Down ×1 | ||
| PGR Progressive Corporation (The) Common Stock | $112,164,682 | 1.60% | 513,457 | $-2,756,235 | Down ×1 | ||
| CNM Core & Main, Inc. Class A Common Stock | $111,389,419 | 1.58% | 2,308,589 | $-11,246,575 | Down ×3 | ||
| UL Unilever PLC American Depositary Shares (each representing One Ordinary Share) | $107,413,057 | 1.53% | 1,786,644 | $-23,328,706 | Down ×2 | ||
| Unknown issuer (CUSIP: g1151c101) | $106,403,666 | 1.51% | 855,060 | $-84,424,086 | Down ×1 | ||
| FBIN Fortune Brands Innovations, Inc. Common Stock | $105,850,439 | 1.51% | 1,928,059 | $25,094,506 | Down ×5 | ||
| PNC PNC Financial Services Group, Inc. (The) Common Stock | $105,196,264 | 1.50% | 427,245 | $-27,165,207 | Down ×1 | ||
| DGX Quest Diagnostics Incorporated Common Stock | $102,489,906 | 1.46% | 483,557 | $-38,808,930 | Down ×6 | ||
| PHG Koninklijke Philips N.V. NY Registry Shares | $94,076,346 | 1.34% | 3,459,961 | $-42,291,060 | Down ×5 | ||
| BJ BJ's Wholesale Club Holdings, Inc. Common Stock | $86,187,141 | 1.23% | 988,158 | $18,336,393 | Up ×1 | ||
| DLTR Dollar Tree, Inc. - Common Stock | $85,551,201 | 1.22% | 707,327 | $-31,330,246 | Down ×6 | ||
| SSD Simpson Manufacturing Company, Inc. Common Stock | $84,746,764 | 1.21% | 404,809 | $10,227,815 | Down ×4 | ||
| RYAAY Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares | $83,263,255 | 1.18% | 1,285,919 | $-83,305 | Down ×6 | ||
| BRKB | $71,716,896 | 1.02% | 143,322 | $-74,270,426 | Down ×6 | ||
| FMS Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) | $66,424,314 | 0.94% | 2,937,829 | $-34,240,797 | Down ×6 | ||
| ALH Alliance Laundry Holdings Inc. Common Stock | $59,165,855 | 0.84% | 2,230,990 | Up ×1 | |||
| RHI Robert Half Inc. Common Stock | $46,721,655 | 0.66% | 1,521,878 | $3,326,060 | Down ×5 | ||
| FCFS FirstCash Holdings, Inc. - Common Stock | $41,027,900 | 0.58% | 189,663 | $-130,437,688 | Down ×6 | ||
| IFJPY | $1,706,732 | 0.02% | 70,966 | $238,249 | Down ×1 | ||
| SDXAY | $1,594,448 | 0.02% | 137,928 | $-162,396 | Down ×1 | ||
| IVV | $1,256,637 | 0.02% | 1,678 | ||||
| IJR | $903,208 | 0.01% | 6,090 | ||||
| RXEEY | $201,981 | 0.00% | 4,544 | ||||
| EDNMY | $172,542 | 0.00% | 13,586 | $34,113 | Down ×1 | ||
| No matches | |||||||
Conviction holdings
Positions increased for 3+ consecutive quarters.
Share counts are as reported in 13F filings (not split-adjusted)
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: G39104107) | $173,113,183 | 6,189,245 | 2.46% |
| ALH | $59,165,855 | 2,230,990 | 0.84% |
| IVV | $1,256,637 | 1,678 | 0.02% |
| IJR | $903,208 | 6,090 | 0.01% |
| RXEEY | $201,981 | 4,544 | 0.00% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| NSIT | Bought more | +322K | +$142.0M |
| FCFS | Trimmed | -722K | -$130.4M |
| SCHW | Trimmed | -1.2M | -$113.9M |
| FERG | Trimmed | -492K | -$111.4M |
| HAYW | Bought more | +2.9M | +$85.3M |
| — | Trimmed | -107K | -$84.4M |
| BRKB | Trimmed | -161K | -$74.3M |
| BDX | Trimmed | -408K | -$69.1M |
| AVY | Trimmed | -317K | -$64.4M |
| BKNG | Bought more | +1.8M | -$64.2M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| PLXS | March 31, 2026 | 1,290,446 | $189,695,562 | 20.5% |
| ULXXXX | Dec. 31, 2025 | 3,158,201 | $187,218,155 | No longer tracked |
| SLB | March 31, 2026 | 4,227,636 | $162,256,670 | 4.7% |
| G | Dec. 31, 2025 | 3,633,725 | $152,216,740 | -20.2% |
| GTES | June 30, 2026 | 6,654,116 | $150,449,563 | -6.4% |
| ARW | June 30, 2026 | 1,048,441 | $150,356,924 | -2.1% |
| KMX | Dec. 31, 2025 | 3,249,561 | $145,807,802 | 59.4% |
| CSX | March 31, 2026 | 4,016,503 | $145,598,234 | 25.4% |
| SONY | March 31, 2026 | 5,597,452 | $143,294,782 | 15.0% |
| SYY | June 30, 2026 | 1,876,385 | $133,842,542 | 0.6% |
| BECN | March 31, 2025 | 1,278,557 | $129,875,820 | No longer tracked |
| MCHP | June 30, 2025 | 2,595,057 | $125,626,709 | 8.5% |
| SKX | Sept. 30, 2025 | 1,974,773 | $124,608,176 | No longer tracked |
| MU | March 31, 2025 | 1,437,244 | $120,958,455 | 1033.2% |
| SNN | June 30, 2025 | 3,747,726 | $106,322,987 | -6.0% |
| BLK | Dec. 31, 2025 | 82,198 | $95,832,182 | 8.1% |
| GOOGL | June 30, 2026 | 327,682 | $94,228,236 | -4.3% |
| TJX | March 31, 2025 | 709,138 | $85,670,962 | 15.9% |
| TKR | Sept. 30, 2025 | 1,142,996 | $82,924,360 | 67.6% |
| CCEP | June 30, 2026 | 802,103 | $72,726,679 | 7.7% |
| TRS | March 31, 2025 | 2,610,861 | $64,201,072 | 65.2% |
| AIT | June 30, 2026 | 205,928 | $54,636,817 | 0.8% |
| CTS | June 30, 2026 | 1,042,452 | $49,787,508 | -10.8% |
| NVT | Dec. 31, 2025 | 501,346 | $49,452,769 | 53.2% |
| IJR | March 31, 2026 | 60,880 | $7,316,558 | No longer tracked |
| IVV | June 30, 2025 | 4,113 | $2,311,095 | No longer tracked |
| IVV | March 31, 2026 | 3,246 | $2,223,315 | No longer tracked |
| ASHGY | March 31, 2026 | 26,208 | $1,853,954 | No longer tracked |
| ASHTY | Dec. 31, 2025 | 6,553 | $1,759,480 | No longer tracked |
| URTH | Dec. 31, 2025 | 7,908 | $1,435,776 | No longer tracked |
| IJR | June 30, 2025 | 7,135 | $746,107 | No longer tracked |
| IWV | March 31, 2025 | 1,965 | $656,801 | No longer tracked |
| IWM | Dec. 31, 2025 | 2,590 | $626,676 | No longer tracked |
| RXEEY | March 31, 2026 | 6,737 | $264,090 | No longer tracked |
| RHHBY | Sept. 30, 2025 | 5,601 | $228,297 | No longer tracked |
| IMCDY | June 30, 2026 | 4,002 | $209,064 | No longer tracked |
| BMRRY | June 30, 2026 | 12,165 | $106,444 | No longer tracked |