C.T. Fitzpatrick Vulcan Value Partners
C.T. Fitzpatrick is the founder of Vulcan Value Partners, a firm that seeks high-quality businesses when they trade at discounts to estimated intrinsic value. Vulcan is known for a disciplined appraisal process and a willingness to hold cash when bargains are scarce. The firm’s equities strategies are widely followed in quality-value circles.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVIDIA
NVDA
|
+$761M |
| 2 |
SAP
SAP
|
+$570M |
| 3 |
Visa
V
|
+$258M |
| 4 |
Salesforce
CRM
|
+$247M |
| 5 |
Amazon
AMZN
|
+$225M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$649M |
| 2 |
Jones Lang LaSalle
JLL
|
+$378M |
| 3 |
GE Aerospace
GE
|
+$284M |
| 4 |
CVS Health
CVS
|
+$235M |
| 5 |
Carlyle Group
CG
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.37% |
| 2 | Financials | 25.73% |
| 3 | Industrials | 14.02% |
| 4 | Consumer Discretionary | 12.46% |
| 5 | Communication Services | 8.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Virtus Investment Partners
VRTS
$1.12B
| $65.6M | 0.39% |
278,640
-16,961
| -6% | -$4.08M |
|
27
Colliers International
CIGI
$5.47B
| $63M | 0.37% |
640,878
+74,632
| +13% | +$7.32M |
|
28
Carlisle Companies
CSL
$14.6B
| $56.9M | 0.34% |
345,754
+133,320
| +63% | +$20.4M |
|
29
Acuity Brands
AYI
$10.3B
| $49.7M | 0.29% |
301,024
-9,622
| -3% | -$1.23M |
|
|
KNL
30
DELISTED
Knoll, Inc.
KNL
| $49.2M | 0.29% |
2,977,324
-323,412
| -10% | -$5.29M |
|
|
31
Hilton Worldwide
HLT
$73.5B
| $48.5M | 0.29% |
401,501
-5,618,067
| -93% | -$649M |
|
32
MillerKnoll
MLKN
$1.57B
| $47.3M | 0.28% |
1,149,897
+76,066
| +7% | +$2.91M |
|
33
Curtiss-Wright
CW
$23.5B
| $46.4M | 0.27% |
391,637
+32,862
| +9% | +$3.8M |
|
34
PROG Holdings
PRG
$1.54B
| $46.1M | 0.27% |
1,064,240
+156,858
| +17% | +$7.83M |
|
35
Ituran Location and Control
ITRN
$1.01B
| $45.7M | 0.27% |
2,150,866
-321,544
| -13% | -$6.72M |
|
36
EnerSys
ENS
$6.84B
| $44.2M | 0.26% |
486,481
-100,500
| -17% | -$9.2M |
|
37
Littelfuse
LFUS
$10.5B
| $37.2M | 0.22% |
140,780
-17,870
| -11% | -$4.76M |
|
38
Park Hotels & Resorts
PK
$3.18B
| $28.7M | 0.17% |
1,330,362
-2,154,426
| -62% | -$42.8M |
|
|
SGI
39
Somnigroup International
SGI
$13.6B
| $13.9M | 0.08% |
+380,253
| New | +$12.3M |
|
|
40
CVS Health
CVS
$119B
| $658K | ﹤0.01% |
8,751
-3,221,594
| -100% | -$235M |
|
|
COHR
41
DELISTED
Coherent Inc
COHR
| – | – |
-373,329
| Closed | -$56M |
|
Similar funds
C.T. Fitzpatrick's Q1 2021 Portfolio in Review
As of Q1 2021, C.T. Fitzpatrick held 41 positions worth $16.9B, up 9.5% from $15.5B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
C.T. Fitzpatrick's Q1 2021 filing shows 3 new, 17 increased, 20 reduced and 1 closed positions. Its largest new stake was NVIDIA: 56,631,640 shares worth $756M. The largest sale was Hilton Worldwide, an estimated $649M.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 22% a quarter earlier, followed by Financials and Industrials.
- C.T. Fitzpatrick's largest Q1 2021 buy was NVIDIA: 56,631,640 shares worth $756M.
- C.T. Fitzpatrick added most to Visa in Q1 2021, an estimated $258M increase.
- C.T. Fitzpatrick's biggest Q1 2021 reduction was Hilton Worldwide, cutting an estimated $649M.
- C.T. Fitzpatrick fully exited Coherent Inc in Q1 2021, selling an estimated $56M.
- C.T. Fitzpatrick's ten largest holdings make up 58% of its $16.9B portfolio in Q1 2021.
- C.T. Fitzpatrick opened 3 new positions and closed 1 in Q1 2021.
- C.T. Fitzpatrick's portfolio value rose 9.5% quarter-over-quarter to $16.9B.
Based on Vulcan Value Partners's 13F filing for Q1 2021, filed 17 May 2021.