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C.T. Fitzpatrick Vulcan Value Partners

AUM $3.29B
1-Year Est. Return 6.08%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+5.51%
1 Year Est. Return
-6.08%
3 Year Est. Return
+28.5%
5 Year Est. Return
+25.59%
10 Year Est. Return
+233.17%
AUM
$11.2B
AUM Growth
-$362M
Cap. Flow
-$881M
Cap. Flow %
-7.86%
Top 10 Hldgs %
49.58%
Holding
57
New
2
Increased
13
Reduced
36
Closed
6

Top Buys

Rank Stock Value
1
V icon
Visa
V
+$55.4M
2
WCC
WESCO International
WCC
+$48M
3
CACC icon
Credit Acceptance
CACC
+$43.7M
4
BA icon
Boeing
BA
+$38.5M
5
NOV icon
NOV
NOV
+$32.3M

Top Sells

Rank Stock Value
1
FOSL icon
Fossil Group
FOSL
+$199M
2
DIS icon
Walt Disney
DIS
+$178M
3
SWKS icon
Skyworks Solutions
SWKS
+$132M
4
QRVO icon
Qorvo
QRVO
+$119M
5
CSCO icon
Cisco
CSCO
+$102M

Sector Composition

Rank Sector Weight
1 Financials 32.54%
2 Healthcare 21.56%
3 Technology 17.55%
4 Industrials 9.1%
5 Consumer Discretionary 6.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OUT icon
51
Outfront Media
OUT
$5.25B
$14M 0.13%
616,686
-71,242
-10% -$1.69M
CSCO icon
52
Cisco
CSCO
$438B
– –
-3,029,164
Closed -$102M
DIS icon
53
Walt Disney
DIS
$186B
– –
-1,570,614
Closed -$178M
ENS icon
54
EnerSys
ENS
$6.84B
– –
-588,403
Closed -$46.4M
FOSL icon
55
Fossil Group
FOSL
$332M
– –
-11,387,845
Closed -$199M
PK icon
56
Park Hotels & Resorts
PK
$3.18B
– –
-194,437
Closed -$4.99M
SBH icon
57
Sally Beauty Holdings
SBH
$1.55B
– –
-2,260,283
Closed -$46.2M
1 2
3

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C.T. Fitzpatrick's Q2 2017 Portfolio in Review

As of Q2 2017, C.T. Fitzpatrick held 57 positions worth $11.2B, down 3.1% from $11.6B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

C.T. Fitzpatrick withdrew a net $881M in Q2 2017, closing 6 positions and reducing 36 holdings. Its most notable exit was Fossil Group, an estimated $199M position sold in full.

By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 29% a quarter earlier, followed by Healthcare and Technology.

Against the trend, C.T. Fitzpatrick opened a new position in WESCO International worth $44.3M.

  • C.T. Fitzpatrick's largest Q2 2017 buy was WESCO International: 772,926 shares worth $44.3M.
  • C.T. Fitzpatrick added most to Visa in Q2 2017, an estimated $55.4M increase.
  • C.T. Fitzpatrick's biggest Q2 2017 reduction was Skyworks Solutions, cutting an estimated $132M.
  • C.T. Fitzpatrick fully exited Fossil Group in Q2 2017, selling an estimated $199M.
  • C.T. Fitzpatrick's ten largest holdings make up 50% of its $11.2B portfolio in Q2 2017.
  • C.T. Fitzpatrick opened 2 new positions and closed 6 in Q2 2017.
  • C.T. Fitzpatrick's portfolio value fell 3.1% quarter-over-quarter to $11.2B.

Based on Vulcan Value Partners's 13F filing for Q2 2017, filed 14 Aug 2017.