FIDUCIARY MANAGEMENT INC /WI/

CIK

764532

Location

MILWAUKEE, WI

Portfolio Value

Mid $7,864,935,583

Diversification

Diversified

Filing Date

Global Rank

#358 / 8,232 ▲ 6

Top Industry

Building Products & Equipment 8.7%

3Y Alpha vs SPY

-8.0%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+43.7%

SPY

+76.3%

Annualised alpha

-8.0%

Max drawdown

−19.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

54 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

5.5%

+0.7 pts

Top 5

21.3%

+1.1 pts

Top 10

33.2%

+1.2 pts

HHI

232

Diversified+11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	36.6%	$2,876,551,512	20
Financial Services	22.0%	$1,730,464,081	11
Healthcare	12.4%	$971,951,081	7
Consumer Cyclical	11.5%	$903,874,800	4
Technology	8.8%	$691,303,748	5
Consumer Defensive	6.6%	$522,043,178	5
Communication Services	1.2%	$94,228,235	1
Basic Materials	0.9%	$74,518,948	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

15 positions

Ticker	Company	Δ Shares	Shares	Value
MWA	Mueller Water Products, Inc.	+990,807	4,156,199	$114,253,910
NSIT	Insight Enterprises Inc	+552,719	1,875,277	$125,662,311
CDW	CDW Corp	+419,630	1,443,309	$174,669,255
HURN	Huron Consulting Group Inc.	+379,075	903,400	$115,174,466
ACGL	Arch Capital Group Ltd.	+348,893	1,461,096	$140,250,605
ACN	Accenture plc	+250,552	962,367	$190,827,752
PGR	Progressive Corp/Oh/	+171,625	579,706	$114,920,917
LPX	Louisiana-Pacific Corp	+167,265	1,265,398	$92,057,704
BDX	Becton Dickinson & Co	+136,311	1,239,752	$194,926,206
HLI	Houlihan Lokey, Inc.	+106,279	803,572	$115,409,010
PRI	Primerica, Inc.	+80,741	692,022	$173,337,670
CVCO	Cavco Industries, Inc.	+71,801	267,514	$129,554,355
BKNG	Booking Holdings Inc.	+20,814	93,911	$395,395,342
ALLE	Allegion plc	+17,236	1,033,019	$150,087,330
ATR	Aptargroup, Inc.	+4,781	1,252,338	$157,819,634
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PHG	Koninklijke Philips NV	−1,566,209	4,976,913	$136,367,416
DCI	DONALDSON Co INC	−893,854	1,426,427	$121,060,859
ARMK	Aramark	−888,841	10,587,895	$429,233,263
ARW	Arrow Electronics, Inc.	−555,939	1,048,441	$150,356,923
FMS	Fresenius Medical Care AG	−499,863	4,462,106	$100,665,111
GOOGL	Alphabet Inc.	−474,997	327,682	$94,228,235
SCHW	Schwab Charles Corp	−406,791	3,465,521	$325,689,663
CARR	CARRIER GLOBAL Corp	−404,620	3,567,389	$200,879,674
HAYW	Hayward Holdings, Inc.	−350,906	8,738,960	$116,927,284
HSIC	Henry Schein Inc	−339,514	1,954,083	$144,015,917
DGX	Quest Diagnostics Inc	−325,935	720,986	$141,298,836
GTES	Gates Industrial Corp plc	−300,416	6,654,116	$150,449,562
UL	Unilever PLC	−273,795	2,294,923	$130,741,763
MAS	Masco Corp /De/	−267,793	2,368,825	$143,005,965
SYY	Sysco Corp	−231,479	1,876,385	$133,842,542
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	−208,357	802,103	$72,726,679
FERG	Ferguson Enterprises Inc. /DE/	−148,774	1,337,332	$311,946,062
AVY	Avery Dennison Corp	−148,285	1,252,529	$216,286,707
VVV	Valvoline Inc	−143,432	4,828,931	$162,638,396
CNM	Core & Main, Inc.	−130,434	2,482,510	$122,635,994
OMF	OneMain Holdings, Inc.	−129,602	2,683,426	$143,536,456
DLTR	Dollar Tree, Inc.	−116,439	1,067,313	$116,881,446
ZION	Zions Bancorporation, National Association /Ut/	−106,650	2,787,957	$160,642,082
RYAAY	Ryanair Holdings PLC	−92,949	1,441,982	$83,346,559
COF	Capital One Financial Corp	−70,958	585,777	$106,863,298
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
FCN	Fti Consulting, Inc	823,713	$145,607,747
PNC	Pnc Financial Services Group, Inc.	636,078	$132,361,471
SUNB	Sunbelt Rentals Holdings, Inc.	1,921,250	$125,054,162
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
PLXS	Plexus Corp	1,290,446	$189,695,562
SLB	Slb Limited/Nv	4,227,636	$162,256,669
CSX	Csx Corp	4,016,503	$145,598,233
SONY	Sony Group Corp	5,597,452	$143,294,771
ICLR	Icon PLC	480,996	$87,647,091
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

54 positions · $7,864,935,583 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 54 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ARMK	Aramark Industrials	Reduced	10,587,895	-888,841	$429,233,263	+1.5%	5.46%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	93,911	+20,814	$395,395,342	+1.0%	5.03%
SCHW	Schwab Charles Corp Financial Services	Reduced	3,465,521	-406,791	$325,689,663	−15.8%	4.14%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Reduced	1,337,332	-148,774	$311,946,062	−5.7%	3.97%
AVY	Avery Dennison Corp Consumer Cyclical	Reduced	1,252,529	-148,285	$216,286,707	−15.1%	2.75%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	3,567,389	-404,620	$200,879,674	−4.3%	2.55%
BDX	Becton Dickinson & Co Healthcare	Added	1,239,752	+136,311	$194,926,206	+15.8%	2.48%
ACN	Accenture plc Technology	Added	962,367	+250,552	$190,827,752	−0.1%	2.43%
CDW	CDW Corp Technology	Added	1,443,309	+419,630	$174,669,255	+25.3%	2.22%
PRI	Primerica, Inc. Financial Services	Added	692,022	+80,741	$173,337,670	+9.8%	2.20%
FCFS	FirstCash Holdings, Inc. Financial Services	Reduced	912,051	-52,229	$171,465,588	+11.6%	2.18%
CSL	Carlisle Companies Inc Industrials	Reduced	493,744	-41,837	$164,722,873	−3.8%	2.09%
VVV	Valvoline Inc Consumer Cyclical	Reduced	4,828,931	-143,432	$162,638,396	+12.6%	2.07%
ZION	Zions Bancorporation, National Association /Ut/ Financial Services	Reduced	2,787,957	-106,650	$160,642,082	−5.2%	2.04%
ATR	Aptargroup, Inc. Healthcare	Added	1,252,338	+4,781	$157,819,634	+3.7%	2.01%
GTES	Gates Industrial Corp plc Industrials	Reduced	6,654,116	-300,416	$150,449,562	+0.8%	1.91%
ARW	Arrow Electronics, Inc. Technology	Reduced	1,048,441	-555,939	$150,356,923	−14.9%	1.91%
ALLE	Allegion plc Industrials	Added	1,033,019	+17,236	$150,087,330	−7.2%	1.91%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	304,648	-41,352	$145,987,321	−16.1%	1.86%
FCN	Fti Consulting, Inc Industrials	NEW	823,713	NEW	$145,607,747	NEW	1.85%
HSIC	Henry Schein Inc Healthcare	Reduced	1,954,083	-339,514	$144,015,917	−16.9%	1.83%
OMF	OneMain Holdings, Inc. Financial Services	Reduced	2,683,426	-129,602	$143,536,456	−24.5%	1.83%
MAS	Masco Corp /De/ Industrials	Reduced	2,368,825	-267,793	$143,005,965	−14.5%	1.82%
DGX	Quest Diagnostics Inc Healthcare	Reduced	720,986	-325,935	$141,298,836	−22.2%	1.80%
ACGL	Arch Capital Group Ltd. Financial Services	Added	1,461,096	+348,893	$140,250,605	+31.5%	1.78%
PHG	Koninklijke Philips NV Healthcare	Reduced	4,976,913	-1,566,209	$136,367,416	−23.0%	1.73%
SYY	Sysco Corp Consumer Defensive	Reduced	1,876,385	-231,479	$133,842,542	−13.8%	1.70%
PNC	Pnc Financial Services Group, Inc. Financial Services	NEW	636,078	NEW	$132,361,471	NEW	1.68%
UL	Unilever PLC Consumer Defensive	Reduced	2,294,923	-273,795	$130,741,763	−22.2%	1.66%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Added	267,514	+71,801	$129,554,355	+12.1%	1.65%
NSIT	Insight Enterprises Inc Technology	Added	1,875,277	+552,719	$125,662,311	+16.6%	1.60%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	1,921,250	NEW	$125,054,162	NEW	1.59%
CNM	Core & Main, Inc. Industrials	Reduced	2,482,510	-130,434	$122,635,994	−9.7%	1.56%
DCI	DONALDSON Co INC Industrials	Reduced	1,426,427	-893,854	$121,060,859	−41.2%	1.54%
HAYW	Hayward Holdings, Inc. Industrials	Reduced	8,738,960	-350,906	$116,927,284	−16.7%	1.49%
DLTR	Dollar Tree, Inc. Consumer Defensive	Reduced	1,067,313	-116,439	$116,881,446	−19.7%	1.49%
HLI	Houlihan Lokey, Inc. Financial Services	Added	803,572	+106,279	$115,409,010	−5.0%	1.47%
HURN	Huron Consulting Group Inc. Industrials	Added	903,400	+379,075	$115,174,466	+27.0%	1.46%
PGR	Progressive Corp/Oh/ Financial Services	Added	579,706	+171,625	$114,920,917	+23.7%	1.46%
MWA	Mueller Water Products, Inc. Industrials	Added	4,156,199	+990,807	$114,253,910	+51.5%	1.45%
MSA	MSA Safety Inc Industrials	Reduced	678,986	-36,457	$111,319,754	−2.8%	1.42%
COF	Capital One Financial Corp Financial Services	Reduced	585,777	-70,958	$106,863,298	−32.9%	1.36%
FMS	Fresenius Medical Care AG Healthcare	Reduced	4,462,106	-499,863	$100,665,111	−14.8%	1.28%
UNH	Unitedhealth Group Inc Healthcare	Reduced	357,951	-35,206	$96,857,961	−25.4%	1.23%
GOOGL	Alphabet Inc. Communication Services	Reduced	327,682	-474,997	$94,228,235	−62.5%	1.20%
LPX	Louisiana-Pacific Corp Industrials	Added	1,265,398	+167,265	$92,057,704	+3.8%	1.17%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	1,441,982	-92,949	$83,346,559	−24.8%	1.06%
FBIN	Fortune Brands Innovations, Inc. Industrials	Reduced	2,072,259	-55,249	$80,755,933	−24.1%	1.03%
SSD	Simpson Manufacturing Co., Inc. Basic Materials	Reduced	434,209	-20,986	$74,518,948	+1.4%	0.95%
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc Consumer Defensive	Reduced	802,103	-208,357	$72,726,679	−20.6%	0.92%