We are live on !
Find out more
C.T. Fitzpatrick Vulcan Value Partners
AUM
$3.29B
Turnover
13.51%
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
+2.76%
1 Year Est. Return
-6.08%
3 Year Est. Return
+28.55%
5 Year Est. Return
+25.64%
10 Year Est. Return
+233.31%
AUM
$11.2B
AUM Growth
-$353M
(-3%)
Cap. Flow
-$734M
Cap. Flow % of AUM
Cap. Flow %
-6.53%
Top 10 Holdings %
Top 10 Hldgs %
51.32%
Holding
59
New
5
Increased
13
Reduced
28
Closed
1
Avg Time Held
2.6
years
Top 10 Avg Time Held
1.1
years
Top 20 Avg Time Held
2.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Elevance Health
ELV
|
+$321M |
| 2 |
NVIDIA
NVDA
|
+$260M |
| 3 |
Booking.com
BKNG
|
+$238M |
| 4 |
NOV
NOV
|
+$111M |
| 5 |
Blackrock
BLK
|
+$100M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hilton Worldwide
HLT
|
+$449M |
| 2 |
Mastercard
MA
|
+$421M |
| 3 |
Parker-Hannifin
PH
|
+$158M |
| 4 |
Meta Platforms (Facebook)
META
|
+$150M |
| 5 |
BID
Sotheby's
BID
|
+$132M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.96% |
| 2 | Financials | 21.87% |
| 3 | Healthcare | 15.89% |
| 4 | Consumer Discretionary | 13.57% |
| 5 | Industrials | 8.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Skyworks Solutions
SWKS
$19.6B
| $726M | 6.45% |
9,396,190
+1,018,394
| +12% | +$80.7M |
2016 Q3
11 quarters
|
|
2
DELISTED
Qorvo
QRVO
| $723M | 6.43% |
10,851,938
+172,176
| +2% | +$12M |
2016 Q3
11 quarters
|
|
3
KKR & Co
KKR
$91.3B
| $661M | 5.87% |
26,146,140
-1,923,252
| -7% | -$46M |
2018 Q2
4 quarters
|
|
|
4
NVIDIA
NVDA
$4.91T
| $633M | 5.63% |
154,130,120
+62,691,320
| +69% | +$260M |
2019 Q1
1 quarter
|
|
|
5
NOV
NOV
$6.4B
| $573M | 5.1% |
25,783,344
+4,580,446
| +22% | +$111M |
2015 Q1
17 quarters
|
|
6
McKesson
MCK
$121B
| $537M | 4.78% |
3,997,448
-220,853
| -5% | -$27.5M |
2016 Q3
11 quarters
|
|
7
Amazon
AMZN
$2.92T
| $518M | 4.61% |
5,475,560
-736,480
| -12% | -$68.6M |
2018 Q4
2 quarters
|
|
8
CVS Health
CVS
$103B
| $486M | 4.32% |
8,926,631
+968,162
| +12% | +$52.1M |
2016 Q4
10 quarters
|
|
9
Alphabet (Google) Class C
GOOG
$3.57T
| $485M | 4.32% |
8,982,640
+863,300
| +11% | +$49.8M |
2017 Q3
7 quarters
|
|
10
United Parcel Service
UPS
$97B
| $429M | 3.81% |
4,154,949
+51,795
| +1% | +$5.39M |
2018 Q2
4 quarters
|
|
|
11
Mastercard
MA
$582B
| $422M | 3.75% |
1,594,791
-1,683,390
| -51% | -$421M |
2013 Q2
24 quarters
|
|
|
12
Hilton Worldwide
HLT
$83B
| $417M | 3.71% |
4,270,379
-4,943,239
| -54% | -$449M |
2016 Q1
13 quarters
|
|
13
Visa
V
$808B
| $404M | 3.59% |
2,329,364
-797,543
| -26% | -$131M |
2013 Q2
24 quarters
|
|
14
Microsoft
MSFT
$4.11T
| $354M | 3.14% |
2,639,735
-605,832
| -19% | -$76.9M |
2018 Q4
2 quarters
|
|
15
S&P Global
SPGI
$140B
| $336M | 2.99% |
1,474,506
-348,196
| -19% | -$76.1M |
2017 Q1
9 quarters
|
|
|
16
Elevance Health
ELV
$93.4B
| $331M | 2.95% |
1,174,036
+1,173,981
| +2,134,511% | +$321M |
2014 Q1
21 quarters
|
|
17
Cencora
COR
$67.4B
| $295M | 2.62% |
3,458,411
+1,000,905
| +41% | +$79.1M |
2016 Q2
12 quarters
|
|
18
Everest Group
EG
$15.5B
| $279M | 2.48% |
1,129,316
-188,145
| -14% | -$45.1M |
2013 Q2
24 quarters
|
|
|
19
Booking.com
BKNG
$130B
| $248M | 2.21% |
+3,313,550
| New | +$238M |
2019 Q2
0 quarters
|
|
20
Teradyne
TER
$39.3B
| $246M | 2.19% |
5,136,500
-2,551,027
| -33% | -$116M |
2018 Q2
4 quarters
|
|
21
AXIS Capital
AXS
$7.73B
| $224M | 1.99% |
3,754,333
-2,092,949
| -36% | -$122M |
2014 Q3
19 quarters
|
|
|
22
Parker-Hannifin
PH
$116B
| $204M | 1.81% |
1,199,592
-914,361
| -43% | -$158M |
2013 Q2
24 quarters
|
|
|
23
Meta Platforms (Facebook)
META
$1.66T
| $202M | 1.8% |
1,047,475
-820,296
| -44% | -$150M |
2018 Q1
5 quarters
|
|
24
Oracle
ORCL
$383B
| $202M | 1.8% |
3,544,220
-655,017
| -16% | -$35.4M |
2013 Q2
24 quarters
|
|
25
Marriott International
MAR
$110B
| $201M | 1.79% |
1,432,813
-139,760
| -9% | -$18.5M |
2019 Q1
1 quarter
|
|
Similar funds
BG
C.T. Fitzpatrick's Q2 2019 Portfolio in Review
As of Q2 2019, C.T. Fitzpatrick held 59 positions worth $11.2B, down 3% from $11.6B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
C.T. Fitzpatrick withdrew a net $734M in Q2 2019, closing 1 position and reducing 28 holdings. Its most notable exit was Versum Materials, Inc., an estimated $79K position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 25% a quarter earlier, followed by Financials and Healthcare.
Against the trend, C.T. Fitzpatrick opened a new position in Booking.com worth $248M.
- C.T. Fitzpatrick's largest Q2 2019 buy was Booking.com: 3,313,550 shares worth $248M.
- C.T. Fitzpatrick added most to Elevance Health in Q2 2019, an estimated $321M increase.
- C.T. Fitzpatrick's biggest Q2 2019 reduction was Hilton Worldwide, cutting an estimated $449M.
- C.T. Fitzpatrick fully exited Versum Materials, Inc. in Q2 2019, selling an estimated $79K.
- C.T. Fitzpatrick's ten largest holdings make up 51% of its $11.2B portfolio in Q2 2019.
- C.T. Fitzpatrick opened 5 new positions and closed 1 in Q2 2019.
- C.T. Fitzpatrick's portfolio value fell 3% quarter-over-quarter to $11.2B.
Based on Vulcan Value Partners's 13F filing for Q2 2019, filed 14 Aug 2019.