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 |
UnitedHealth
UNH
|
+$409M |
| 2 |
Ares Management
ARES
|
+$171M |
| 3 |
IQVIA
IQV
|
+$101M |
| 4 |
Salesforce
CRM
|
+$92.2M |
| 5 |
SS&C Technologies
SSNC
|
+$37.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carlyle Group
CG
|
+$226M |
| 2 |
CoStar Group
CSGP
|
+$87M |
| 3 |
Visa
V
|
+$81.4M |
| 4 |
Qorvo
QRVO
|
+$76.4M |
| 5 |
Microsoft
MSFT
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.05% |
| 2 | Financials | 22.58% |
| 3 | Healthcare | 12.87% |
| 4 | Real Estate | 12.34% |
| 5 | Industrials | 10.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
SS&C Technologies
SSNC
$19.5B
| $43.4M | 0.77% |
+474,715
| New | +$37.3M |
|
27
Colliers International
CIGI
$5.47B
| $33.6M | 0.59% |
257,173
-21,150
| -8% | -$2.58M |
|
28
ABM Industries
ABM
$2.74B
| $33M | 0.58% |
699,964
-103,882
| -13% | -$5.02M |
|
29
Genpact
G
$6.24B
| $31.1M | 0.55% |
705,739
-59,876
| -8% | -$2.71M |
|
|
SEE
30
DELISTED
Sealed Air
SEE
| $25.5M | 0.45% |
821,208
+152,711
| +23% | +$4.54M |
|
31
Ituran Location and Control
ITRN
$1.01B
| $25.4M | 0.45% |
650,676
-113,341
| -15% | -$4.07M |
|
32
MillerKnoll
MLKN
$1.57B
| $22M | 0.39% |
1,120,968
-3,188
| -0.3% | -$54.4K |
|
33
Timken Company
TKR
$8.67B
| $20.2M | 0.36% |
278,516
+100,106
| +56% | +$6.81M |
|
34
PROG Holdings
PRG
$1.54B
| $19.9M | 0.35% |
678,550
-3,196
| -0.5% | -$88.8K |
|
35
Fortune Brands Innovations
FBIN
$5.32B
| $16.7M | 0.29% |
324,692
+142,127
| +78% | +$7.44M |
|
36
Virtus Investment Partners
VRTS
$1.12B
| $15.7M | 0.28% |
86,440
-260
| -0.3% | -$43.3K |
|
37
Park Hotels & Resorts
PK
$3.18B
| $10.5M | 0.19% |
1,002,586
+27,312
| +3% | +$278K |
|
38
Middleby
MIDD
$5.22B
| $4.21M | 0.07% |
29,251
-99
| -0.3% | -$13.9K |
|
|
39
Carlyle Group
CG
$17.6B
| – | – |
-5,180,438
| Closed | -$226M |
|
40
Cushman & Wakefield Ltd
CWK
$3.48B
| – | – |
-1,294,418
| Closed | -$13.2M |
|
|
DNB
41
DELISTED
Dun & Bradstreet
DNB
| – | – |
-4,103,360
| Closed | -$36.7M |
|
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C.T. Fitzpatrick's Q2 2025 Portfolio in Review
As of Q2 2025, C.T. Fitzpatrick held 41 positions worth $5.67B, up 6.5% from $5.32B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
C.T. Fitzpatrick's Q2 2025 filing shows 2 new, 11 increased, 25 reduced and 3 closed positions. Its largest new stake was IQVIA: 668,756 shares worth $114M. The largest sale was Carlyle Group, an estimated $226M.
By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 24% a quarter earlier, followed by Financials and Healthcare.
- C.T. Fitzpatrick's largest Q2 2025 buy was IQVIA: 668,756 shares worth $114M.
- C.T. Fitzpatrick added most to UnitedHealth in Q2 2025, an estimated $409M increase.
- C.T. Fitzpatrick's biggest Q2 2025 reduction was CoStar Group, cutting an estimated $87M.
- C.T. Fitzpatrick fully exited Carlyle Group in Q2 2025, selling an estimated $226M.
- C.T. Fitzpatrick's ten largest holdings make up 65% of its $5.67B portfolio in Q2 2025.
- C.T. Fitzpatrick opened 2 new positions and closed 3 in Q2 2025.
- C.T. Fitzpatrick's portfolio value rose 6.5% quarter-over-quarter to $5.67B.
Based on Vulcan Value Partners's 13F filing for Q2 2025, filed 13 Aug 2025.