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 |
Everest Group
EG
|
+$270M |
| 2 |
Microsoft
MSFT
|
+$156M |
| 3 |
Skyworks Solutions
SWKS
|
+$109M |
| 4 |
Qorvo
QRVO
|
+$72.2M |
| 5 |
UnitedHealth
UNH
|
+$64.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KKR & Co
KKR
|
+$272M |
| 2 |
Live Nation Entertainment
LYV
|
+$252M |
| 3 |
Salesforce
CRM
|
+$204M |
| 4 |
Carlyle Group
CG
|
+$73.7M |
| 5 |
Amazon
AMZN
|
+$70.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.29% |
| 2 | Financials | 23.51% |
| 3 | Real Estate | 14.16% |
| 4 | Consumer Discretionary | 11.45% |
| 5 | Industrials | 8.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Genpact
G
$6.24B
| $46.7M | 0.78% |
1,087,144
-295,996
| -21% | -$12.5M |
|
27
ABM Industries
ABM
$2.74B
| $43.6M | 0.73% |
852,495
-196,969
| -19% | -$10.7M |
|
28
Abbott
ABT
$202B
| $41.9M | 0.7% |
370,518
-17,604
| -5% | -$2.03M |
|
29
Colliers International
CIGI
$5.47B
| $40.8M | 0.68% |
300,188
-86,716
| -22% | -$12.8M |
|
|
DNB
30
DELISTED
Dun & Bradstreet
DNB
| $34M | 0.57% |
2,729,884
-281,061
| -9% | -$3.36M |
|
31
Medpace
MEDP
$17.3B
| $33.7M | 0.56% |
101,338
+55,237
| +120% | +$18.7M |
|
32
Ituran Location and Control
ITRN
$1.01B
| $32.1M | 0.54% |
1,031,001
-188,620
| -15% | -$5.36M |
|
33
Marriott International
MAR
$92.9B
| $30.4M | 0.51% |
109,320
-12,552
| -10% | -$3.45M |
|
|
FISV
34
Fiserv Inc
FISV
$28B
| $30M | 0.5% |
146,008
-298,224
| -67% | -$60.9M |
|
35
MillerKnoll
MLKN
$1.57B
| $28.3M | 0.47% |
1,252,093
+141,936
| +13% | +$3.43M |
|
|
SEE
36
DELISTED
Sealed Air
SEE
| $24.3M | 0.41% |
719,556
-76,039
| -10% | -$2.71M |
|
37
Virtus Investment Partners
VRTS
$1.12B
| $21.8M | 0.36% |
98,628
-16,449
| -14% | -$3.74M |
|
38
Park Hotels & Resorts
PK
$3.18B
| $16.6M | 0.28% |
1,176,813
-133,819
| -10% | -$1.96M |
|
39
PROG Holdings
PRG
$1.54B
| $15.6M | 0.26% |
369,829
-93,237
| -20% | -$4.31M |
|
40
Timken Company
TKR
$8.67B
| $14.8M | 0.25% |
207,725
-17,661
| -8% | -$1.39M |
|
41
Diageo
DEO
$52.6B
| $11.6M | 0.19% |
+91,776
| New | +$11.7M |
|
42
Middleby
MIDD
$5.22B
| $11.1M | 0.19% |
+82,179
| New | +$11.3M |
|
43
Fortune Brands Innovations
FBIN
$5.32B
| $10.4M | 0.17% |
+151,894
| New | +$12.2M |
|
44
EnerSys
ENS
$6.84B
| $10.1M | 0.17% |
109,472
-11,061
| -9% | -$1.08M |
|
45
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $7.9M | 0.13% |
+13,518
| New | +$7.96M |
|
46
Rentokil
RTO
$11.9B
| $5.42M | 0.09% |
+215,880
| New | +$5.47M |
|
47
iShares Russell 1000 Value ETF
IWD
$84.2B
| $618K | 0.01% |
+3,336
| New | +$640K |
|
|
48
KKR & Co
KKR
$97.4B
| $343K | 0.01% |
2,316
-1,851,795
| -100% | -$272M |
|
49
InterContinental Hotels
IHG
$23.6B
| $339K | 0.01% |
+2,736
| New | +$328K |
|
50
Acuity Brands
AYI
$10.3B
| – | – |
-46,148
| Closed | -$12.7M |
|
Similar funds
C.T. Fitzpatrick's Q4 2024 Portfolio in Review
As of Q4 2024, C.T. Fitzpatrick held 51 positions worth $5.98B, up 0.08% from $5.97B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
C.T. Fitzpatrick's Q4 2024 filing shows 8 new, 14 increased, 27 reduced and 2 closed positions. Its largest new stake was UnitedHealth: 113,489 shares worth $57.4M. The largest sale was KKR & Co, an estimated $272M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 30% a quarter earlier, followed by Financials and Real Estate.
- C.T. Fitzpatrick's largest Q4 2024 buy was UnitedHealth: 113,489 shares worth $57.4M.
- C.T. Fitzpatrick added most to Everest Group in Q4 2024, an estimated $270M increase.
- C.T. Fitzpatrick's biggest Q4 2024 reduction was KKR & Co, cutting an estimated $272M.
- C.T. Fitzpatrick fully exited Acuity Brands in Q4 2024, selling an estimated $12.7M.
- C.T. Fitzpatrick's ten largest holdings make up 62% of its $5.98B portfolio in Q4 2024.
- C.T. Fitzpatrick opened 8 new positions and closed 2 in Q4 2024.
- C.T. Fitzpatrick's portfolio value rose 0.08% quarter-over-quarter to $5.98B.
Based on Vulcan Value Partners's 13F filing for Q4 2024, filed 14 Feb 2025.