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 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$140M |
| 2 |
State Street
STT
|
+$129M |
| 3 |
Visa
V
|
+$120M |
| 4 |
CME Group
CME
|
+$104M |
| 5 |
AET
Aetna Inc
AET
|
+$92.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$89M |
| 2 |
Apple
AAPL
|
+$78.5M |
| 3 |
NSR
Neustar Inc
NSR
|
+$52.6M |
| 4 |
Qualcomm
QCOM
|
+$51.2M |
| 5 |
Knowles
KN
|
+$39.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.32% |
| 2 | Technology | 20.12% |
| 3 | Communication Services | 11.37% |
| 4 | Industrials | 9.76% |
| 5 | Consumer Discretionary | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Stryker
SYK
$126B
| $43K | ﹤0.01% |
+515
| New | +$42.1K |
|
77
Ford
F
$57.5B
| $42K | ﹤0.01% |
+2,440
| New | +$39.7K |
|
|
KUB
78
DELISTED
KUBOTA CORPORATION (ONE ADS REP 5 SHS COM)
KUB
| $42K | ﹤0.01% |
+590
| New | +$42K |
|
79
F5
FFIV
$21.8B
| $41K | ﹤0.01% |
+370
| New | +$39.8K |
|
80
Portland General Electric
POR
$5.83B
| $41K | ﹤0.01% |
+1,195
| New | +$39.4K |
|
81
Bank of Montreal
BMO
$122B
| $40K | ﹤0.01% |
+545
| New | +$38K |
|
82
Deere & Co
DE
$175B
| $39K | ﹤0.01% |
+430
| New | +$39.5K |
|
83
Intuit
INTU
$100B
| $39K | ﹤0.01% |
+480
| New | +$37K |
|
84
CVS Health
CVS
$119B
| $36K | ﹤0.01% |
+475
| New | +$35.9K |
|
85
Honda
HMC
$43.3B
| $36K | ﹤0.01% |
+1,035
| New | +$35.5K |
|
86
Gen Digital
GEN
$17.3B
| $34K | ﹤0.01% |
+1,500
| New | +$31.9K |
|
87
General Mills
GIS
$21.4B
| $34K | ﹤0.01% |
+650
| New | +$34.7K |
|
88
Xerox
XRX
$381M
| $34K | ﹤0.01% |
+1,044
| New | +$33.2K |
|
|
CERN
89
DELISTED
Cerner Corp
CERN
| $34K | ﹤0.01% |
+650
| New | +$34.2K |
|
90
United Natural Foods
UNFI
$2.91B
| $33K | ﹤0.01% |
+505
| New | +$33.8K |
|
91
Abbott
ABT
$202B
| $32K | ﹤0.01% |
+785
| New | +$30.8K |
|
|
SAPE
92
DELISTED
SAPIENT CORP
SAPE
| $31K | ﹤0.01% |
+1,930
| New | +$31.7K |
|
|
KYO
93
DELISTED
Kyocera Adr
KYO
| $26K | ﹤0.01% |
+555
| New | +$25.5K |
|
94
NVIDIA
NVDA
$5.2T
| $23K | ﹤0.01% |
+49,400
| New | +$23.1K |
|
95
American Eagle Outfitters
AEO
$2.71B
| $19K | ﹤0.01% |
+1,690
| New | +$19.2K |
|
|
EPIQ
96
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $19K | ﹤0.01% |
+1,320
| New | +$17.3K |
|
|
CELG
97
DELISTED
Celgene Corp
CELG
| $18K | ﹤0.01% |
+205
| New | +$15.6K |
|
|
FMI
98
DELISTED
Foundation Medicine, Inc.
FMI
| $16K | ﹤0.01% |
+600
| New | +$15.2K |
|
99
Align Technology
ALGN
$11.5B
| $15K | ﹤0.01% |
+260
| New | +$13.5K |
|
|
TIME
100
DELISTED
Time Inc.
TIME
| $13K | ﹤0.01% |
+517
| New | +$12.1K |
|
Similar funds
C.T. Fitzpatrick's Q2 2014 Portfolio in Review
As of Q2 2014, C.T. Fitzpatrick held 106 positions worth $6.76B, up 20% from $5.65B the previous quarter. Its ten largest holdings account for 38% of the portfolio.
C.T. Fitzpatrick deployed $858M of net new capital in Q2 2014, opening 45 new positions and adding to 39 existing holdings. Its largest new stake was State Street: 1,957,149 shares worth $132M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 28% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Coca-Cola, an estimated $89M trimmed.
- C.T. Fitzpatrick's largest Q2 2014 buy was State Street: 1,957,149 shares worth $132M.
- C.T. Fitzpatrick added most to Discovery, Inc. Series C Common Stock in Q2 2014, an estimated $140M increase.
- C.T. Fitzpatrick's biggest Q2 2014 reduction was Coca-Cola, cutting an estimated $89M.
- C.T. Fitzpatrick fully exited Neustar Inc in Q2 2014, selling an estimated $52.6M.
- C.T. Fitzpatrick's ten largest holdings make up 38% of its $6.76B portfolio in Q2 2014.
- C.T. Fitzpatrick opened 45 new positions and closed 5 in Q2 2014.
- C.T. Fitzpatrick's portfolio value rose 20% quarter-over-quarter to $6.76B.
Based on Vulcan Value Partners's 13F filing for Q2 2014, filed 13 Aug 2014.