FIDUCIARY MANAGEMENT INC /WI/

CIK

764532

Location

MILWAUKEE, WI

Portfolio Value

Mid $8,051,924,459

Diversification

Diversified

Filing Date

Global Rank

#481 / 8,624 ▼ 22 · as of Mar 2026

Top Industry

Building Products & Equipment 8.5%

3Y Alpha vs SPY

-4.3%

Period ended 4 months ago

Filed Jun 23, 2026 · 38d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+47.1%

SPY

+67.7%

Annualised alpha

-5.1%

Max drawdown

−18.3%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

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

Top Position

5.3%

+0.7 pts

Top 5

20.8%

+1.2 pts

Top 10

32.6%

+1.1 pts

HHI

227

Diversified+11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Industrials	35.7%	$2,876,551,512	20
Financial Services	23.8%	$1,917,350,680	12
Healthcare	12.1%	$971,951,081	7
Consumer Cyclical	11.2%	$903,874,819	4
Technology	8.6%	$691,303,748	5
Consumer Defensive	6.5%	$522,145,436	6
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	$395,395,361
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

56 tracked positions · $8,051,924,459 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 56 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%	5.33%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	93,911	+20,814	$395,395,361	+1.0%	4.91%
SCHW	Schwab Charles Corp Financial Services	Reduced	3,465,521	-406,791	$325,689,663	−15.8%	4.04%
FERG	Ferguson Enterprises Inc. /DE/ Industrials	Reduced	1,337,332	-148,774	$311,946,062	−5.7%	3.87%
AVY	Avery Dennison Corp Consumer Cyclical	Reduced	1,252,529	-148,285	$216,286,707	−15.1%	2.69%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	3,567,389	-404,620	$200,879,674	−4.3%	2.49%
BDX	Becton Dickinson & Co Healthcare	Added	1,239,752	+136,311	$194,926,206	−9.0%	2.42%
ACN	Accenture plc Technology	Added	962,367	+250,552	$190,827,752	−0.1%	2.37%
WTM	White Mountains Insurance Group Ltd Financial Services	Reduced	85,066	-5,267	$186,886,599	−0.4%	2.32%
CDW	CDW Corp Technology	Added	1,443,309	+419,630	$174,669,255	+25.3%	2.17%
PRI	Primerica, Inc. Financial Services	Added	692,022	+80,741	$173,337,670	+9.8%	2.15%
FCFS	FirstCash Holdings, Inc. Financial Services	Reduced	912,051	-52,229	$171,465,588	+11.6%	2.13%
CSL	Carlisle Companies Inc Industrials	Reduced	493,744	-41,837	$164,722,873	−3.8%	2.05%
VVV	Valvoline Inc Consumer Cyclical	Reduced	4,828,931	-143,432	$162,638,396	+12.6%	2.02%
ZION	Zions Bancorporation, National Association /Ut/ Financial Services	Reduced	2,787,957	-106,650	$160,642,082	−5.2%	2.00%
ATR	Aptargroup, Inc. Healthcare	Added	1,252,338	+4,781	$157,819,634	+3.7%	1.96%
GTES	Gates Industrial Corp plc Industrials	Reduced	6,654,116	-300,416	$150,449,562	+0.8%	1.87%
ARW	Arrow Electronics, Inc. Technology	Reduced	1,048,441	-555,939	$150,356,923	−14.9%	1.87%
ALLE	Allegion plc Industrials	Added	1,033,019	+17,236	$150,087,330	−7.2%	1.86%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	304,648	-41,352	$145,987,321	−16.1%	1.81%
FCN	Fti Consulting, Inc Industrials	NEW	823,713	NEW	$145,607,747	NEW	1.81%
HSIC	Henry Schein Inc Healthcare	Reduced	1,954,083	-339,514	$144,015,917	−16.9%	1.79%
OMF	OneMain Holdings, Inc. Financial Services	Reduced	2,683,426	-129,602	$143,536,456	−24.5%	1.78%
MAS	Masco Corp /De/ Industrials	Reduced	2,368,825	-267,793	$143,005,965	−14.5%	1.78%
DGX	Quest Diagnostics Inc Healthcare	Reduced	720,986	-325,935	$141,298,836	−22.2%	1.75%
ACGL	Arch Capital Group Ltd. Financial Services	Added	1,461,096	+348,893	$140,250,605	+31.5%	1.74%
PHG	Koninklijke Philips NV Healthcare	Reduced	4,976,913	-1,566,209	$136,367,416	−23.0%	1.69%
SYY	Sysco Corp Consumer Defensive	Reduced	1,876,385	-231,479	$133,842,542	−13.8%	1.66%
PNC	Pnc Financial Services Group, Inc. Financial Services	NEW	636,078	NEW	$132,361,471	NEW	1.64%
UL	Unilever PLC Consumer Defensive	Reduced	2,294,923	-273,795	$130,741,763	−22.2%	1.62%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Added	267,514	+71,801	$129,554,355	+12.1%	1.61%
NSIT	Insight Enterprises Inc Technology	Added	1,875,277	+552,719	$125,662,311	+16.6%	1.56%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	NEW	1,921,250	NEW	$125,054,162	NEW	1.55%
CNM	Core & Main, Inc. Industrials	Reduced	2,482,510	-130,434	$122,635,994	−9.7%	1.52%
DCI	DONALDSON Co INC Industrials	Reduced	1,426,427	-893,854	$121,060,859	−41.2%	1.50%
HAYW	Hayward Holdings, Inc. Industrials	Reduced	8,738,960	-350,906	$116,927,284	−16.7%	1.45%
DLTR	Dollar Tree, Inc. Consumer Defensive	Reduced	1,067,313	-116,439	$116,881,446	−19.7%	1.45%
HLI	Houlihan Lokey, Inc. Financial Services	Added	803,572	+106,279	$115,409,010	−5.0%	1.43%
HURN	Huron Consulting Group Inc. Industrials	Added	903,400	+379,075	$115,174,466	+27.0%	1.43%
PGR	Progressive Corp/Oh/ Financial Services	Added	579,706	+171,625	$114,920,917	+23.7%	1.43%
MWA	Mueller Water Products, Inc. Industrials	Added	4,156,199	+990,807	$114,253,910	+51.5%	1.42%
MSA	MSA Safety Inc Industrials	Reduced	678,986	-36,457	$111,319,754	−2.8%	1.38%
COF	Capital One Financial Corp Financial Services	Reduced	585,777	-70,958	$106,863,298	−32.9%	1.33%
FMS	Fresenius Medical Care AG Healthcare	Reduced	4,462,106	-499,863	$100,665,111	−14.8%	1.25%
UNH	Unitedhealth Group Inc Healthcare	Reduced	357,951	-35,206	$96,857,961	−25.4%	1.20%
GOOGL	Alphabet Inc. Communication Services	Reduced	327,682	-474,997	$94,228,235	−62.5%	1.17%
LPX	Louisiana-Pacific Corp Industrials	Added	1,265,398	+167,265	$92,057,704	+3.8%	1.14%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	1,441,982	-92,949	$83,346,559	−24.8%	1.04%
FBIN	Fortune Brands Innovations, Inc. Industrials	Reduced	2,072,259	-55,249	$80,755,933	−24.1%	1.00%
SSD	Simpson Manufacturing Co., Inc. Basic Materials	Reduced	434,209	-20,986	$74,518,948	+1.4%	0.93%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.