FIDUCIARY MANAGEMENT INC /WI/

Registered adviser

CIK

764532

Location

MILWAUKEE, WI

Portfolio Value

Mid $7,026,879,401

Diversification

Diversified

Filing Date

Global Rank

#697 / 8,825 ▼ 132

Top Industry

Building Products & Equipment 9.6%

Period ended 4 months ago

Filed Aug 13, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 109149

Roster of Nov 1, 2026

Regulatory AUM

$11,359,924,535

Main clients

Registered funds and BDCs (53% of AUM)

Private funds

0 funds

$0 gross assets

Registered funds advised

5 series (0 index, 0 ETFs)

$7,956,884,588 net assets· N-CEN Sep 30, 2025

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$11,359,924,535	Registered funds and BDCs (53%)
Apr 2025 to Mar 2026	$14,977,293,915	Registered funds and BDCs (58%)
Apr 2024 to Mar 2025	$14,936,427,714	Registered funds and BDCs (56%)
May 2023 to Mar 2024	$13,213,149,862	Registered funds and BDCs (51%)
Apr 2023	$13,213,149,862	Registered funds and BDCs (51%)
Apr 2022 to Mar 2023	$17,323,689,295	Diversified

3 earlier changes not shown.

Schedule 13D/13G stakes

Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.

Company	Schedule	Event date	Filed	Shares	% of class	Change	Status
HAYW Hayward Holdings, Inc.	13G	Jun 30, 2026	3mo	11,716,529	5.4%	—	Current
HURN Huron Consulting Group Inc.	13G	Mar 31, 2026	4mo	903,400	5.5%	—	Current
NSIT Insight Enterprises Inc	13G	Mar 31, 2026	4mo	1,875,277	6.2%	—	Current
G Genpact LTD	13G	Feb 14, 2025	1y	8,737,813	5%	-407,667 since Dec 31, 2024	Current
TRS Trimas Corp	13G	Feb 10, 2025	1y	2,013,835	5%	-597,026 since Dec 31, 2024	Current

A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 33.4%, 41.8 effective positions, active share 96.2% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

28.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 15.6 quarters (12+), a floor since 33.5% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 96.2%; sector active share 49.2% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

52 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

5.3%

−0.1 pts

Top 5

19.7%

−1.1 pts

Top 10

33.4%

+0.8 pts

HHI

239

Diversified+12

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	39.0%	$2,742,985,623	19
Financial Services	22.7%	$1,594,860,171	12
Consumer Cyclical	12.8%	$898,510,761	5
Healthcare	12.2%	$854,385,013	7
Technology	8.1%	$570,079,848	3
Consumer Defensive	4.0%	$279,151,377	3
Basic Materials	1.2%	$84,746,764	1
Unclassified	0.0%	$2,159,844	2

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
HAYW	Hayward Holdings, Inc.	+2,945,378	11,684,338	$202,255,890
BKNG	Booking Holdings Inc.	+1,764,278	1,858,189	$331,203,607
MWA	Mueller Water Products, Inc.	+1,745,819	5,902,018	$152,449,124
LPX	Louisiana-Pacific Corp	+485,722	1,751,120	$137,743,099
OMF	OneMain Holdings, Inc.	+397,247	3,080,673	$187,828,632
HURN	Huron Consulting Group Inc.	+389,904	1,293,304	$116,604,288
NSIT	Insight Enterprises Inc	+322,244	2,197,521	$267,658,057
BJ	BJ's Wholesale Club Holdings, Inc.	+298,758	988,158	$86,187,140
VVV	Valvoline Inc	+293,406	5,122,337	$202,537,204
ATR	Aptargroup, Inc.	+171,433	1,423,771	$178,256,129
COF	Capital One Financial Corp	+167,926	753,703	$151,207,895
HLI	Houlihan Lokey, Inc.	+134,839	938,411	$125,869,067
FCN	Fti Consulting, Inc	+134,239	957,952	$142,744,427
MSA	MSA Safety Inc	+34,782	713,768	$124,609,617
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ARMK	Aramark	−4,067,400	6,520,495	$371,016,165
CARR	CARRIER GLOBAL Corp	−1,643,851	1,923,538	$141,091,512
FMS	Fresenius Medical Care AG	−1,524,277	2,937,829	$66,424,313
PHG	Koninklijke Philips NV	−1,516,952	3,459,961	$94,076,339
SCHW	Schwab Charles Corp	−1,169,778	2,295,743	$211,828,206
MAS	Masco Corp	−805,912	1,562,913	$127,174,230
FCFS	FirstCash Holdings, Inc.	−722,388	189,663	$41,027,900
UL	Unilever PLC	−508,279	1,786,644	$107,413,037
FERG	Ferguson Enterprises Inc.	−492,425	844,907	$200,521,778
GTES	Gates Industrial Corp Ltd.	−464,871	6,189,245	$173,113,182
BDX	Becton Dickinson & Co	−407,971	831,781	$125,873,418
SUNB	Sunbelt Rentals Holdings, Inc.	−367,941	1,553,309	$116,203,046
DLTR	Dollar Tree, Inc.	−359,986	707,327	$85,551,200
AVY	Avery Dennison Corp	−316,735	935,794	$151,926,155
DGX	Quest Diagnostics Inc	−237,429	483,557	$102,489,906
ACGL	Arch Capital Group Ltd.	−235,870	1,225,226	$118,920,435
ALLE	Allegion plc	−229,365	803,654	$112,905,350
PNC	Pnc Financial Services Group, Inc.	−208,833	427,245	$105,196,263
ZION	Zions Bancorporation, National Association	−196,700	2,591,257	$179,289,071
RHI	Robert Half Inc.	−186,610	1,521,878	$46,721,654
CNM	Core & Main, Inc.	−173,921	2,308,589	$111,389,419
BRK-B	Berkshire Hathaway Inc	−161,326	143,322	$71,716,895
PRI	Primerica, Inc.	−157,796	534,226	$151,827,029
RYAAY	Ryanair Holdings PLC	−156,063	1,285,919	$83,263,255
DCI	DONALDSON Co INC	−147,283	1,279,144	$114,828,756
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
ALH	Alliance Laundry Holdings Inc.	2,230,990	$59,165,854
IVV	iShares Core S&P 500 ETF	1,678	$1,256,637
IJR	iShares Core S&P Small-Cap ETF	6,090	$903,207
No positions match the current search.

Sold Out

Positions the filer fully exited

7 positions

Ticker	Company	Shares	Value
ARW	Arrow Electronics, Inc.	1,048,441	$150,356,923
SYY	Sysco Corp	1,876,385	$133,842,542
GOOGL	Alphabet Inc.	327,682	$94,228,235
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	802,103	$72,726,679
AIT	Applied Industrial Technologies Inc	205,928	$54,636,816
CTS	Cts Corp	1,042,452	$49,787,507
BMRRY	B&M European Value Retail S.A.	12,165	$102,258
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

52 tracked positions · $7,026,879,401 total · filing declares 56 positions · $7,030,555,164 · as of Jun 30, 2026

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

Showing 1–50 of 52 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
ARMK	Aramark Industrials	Reduced	6,520,495	-4,067,400	$371,016,165	−13.6%	9	$34.38	5.28%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	1,858,189	+1,764,278	$331,203,607	−16.2%	26+	before history	4.71%
NSIT	Insight Enterprises Inc Technology	Added	2,197,521	+322,244	$267,658,057	+113.0%	26+	before history	3.81%
SCHW	Schwab Charles Corp Financial Services	Reduced	2,295,743	-1,169,778	$211,828,206	−35.0%	26+	before history	3.01%
VVV	Valvoline Inc Consumer Cyclical	Added	5,122,337	+293,406	$202,537,204	+24.5%	12	$35.88	2.88%
HAYW	Hayward Holdings, Inc. Industrials	Added	11,684,338	+2,945,378	$202,255,890	+73.0%	7	$14.92	2.88%
FERG	Ferguson Enterprises Inc. Industrials	Reduced	844,907	-492,425	$200,521,778	−35.7%	9	$205.84	2.85%
CDW	CDW Corp Technology	Reduced	1,393,758	-49,551	$196,018,125	+12.2%	18	$165.83	2.79%
OMF	OneMain Holdings, Inc. Financial Services	Added	3,080,673	+397,247	$187,828,632	+30.9%	9	$50.69	2.67%
ZION	Zions Bancorporation, National Association Financial Services	Reduced	2,591,257	-196,700	$179,289,071	+11.6%	26+	before history	2.55%
ATR	Aptargroup, Inc. Healthcare	Added	1,423,771	+171,433	$178,256,129	+12.9%	16	$126.60	2.54%
GTES	Gates Industrial Corp Ltd. Industrials	Reduced	6,189,245	-464,871	$173,113,182	+15.1%	19	$13.67	2.46%
CSL	Carlisle Companies Inc Industrials	Reduced	447,968	-45,776	$162,500,392	−1.3%	26+	before history	2.31%
CVCO	Cavco Industries, Inc. Consumer Cyclical	Reduced	250,135	-17,379	$153,677,941	+18.6%	4	$517.22	2.19%
MWA	Mueller Water Products, Inc. Industrials	Added	5,902,018	+1,745,819	$152,449,124	+33.4%	3	$25.86	2.17%
AVY	Avery Dennison Corp Consumer Cyclical	Reduced	935,794	-316,735	$151,926,155	−29.8%	18	$177.91	2.16%
PRI	Primerica, Inc. Financial Services	Reduced	534,226	-157,796	$151,827,029	−12.4%	24	$183.05	2.16%
HSIC	Henry Schein Inc Healthcare	Reduced	1,817,353	-136,730	$151,785,322	+5.4%	26+	before history	2.16%
COF	Capital One Financial Corp Financial Services	Added	753,703	+167,926	$151,207,895	+41.5%	5	$187.64	2.15%
FCN	Fti Consulting, Inc Industrials	Added	957,952	+134,239	$142,744,427	−2.0%	2	$169.61	2.03%
CARR	CARRIER GLOBAL Corp Industrials	Reduced	1,923,538	-1,643,851	$141,091,512	−29.8%	13	$48.66	2.01%
WTM	White Mountains Insurance Group Ltd Financial Services	Reduced	66,550	-18,516	$137,984,097	−26.2%	26+	before history	1.96%
LPX	Louisiana-Pacific Corp Industrials	Added	1,751,120	+485,722	$137,743,099	+49.6%	5	$83.73	1.96%
UNH	Unitedhealth Group Inc Healthcare	Reduced	325,962	-31,989	$135,479,586	+39.9%	26+	before history	1.93%
MAS	Masco Corp Industrials	Reduced	1,562,913	-805,912	$127,174,230	−11.1%	26+	before history	1.81%
BDX	Becton Dickinson & Co Healthcare	Reduced	831,781	-407,971	$125,873,418	−35.4%	5	$144.58	1.79%
HLI	Houlihan Lokey, Inc. Financial Services	Added	938,411	+134,839	$125,869,067	+9.1%	26+	before history	1.79%
MSA	MSA Safety Inc Industrials	Added	713,768	+34,782	$124,609,617	+11.9%	5	$160.00	1.77%
ACGL	Arch Capital Group Ltd. Financial Services	Reduced	1,225,226	-235,870	$118,920,435	−15.2%	3	$92.51	1.69%
HURN	Huron Consulting Group Inc. Industrials	Added	1,293,304	+389,904	$116,604,288	+1.2%	3	$144.97	1.66%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	Reduced	1,553,309	-367,941	$116,203,046	−7.1%	2	$70.19	1.65%
DCI	DONALDSON Co INC Industrials	Reduced	1,279,144	-147,283	$114,828,756	−5.1%	26+	before history	1.63%
ALLE	Allegion plc Industrials	Reduced	803,654	-229,365	$112,905,350	−24.8%	7	$147.31	1.61%
PGR	Progressive Corp Financial Services	Reduced	513,457	-66,249	$112,164,681	−2.4%	25	$122.59	1.60%
CNM	Core & Main, Inc. Industrials	Reduced	2,308,589	-173,921	$111,389,419	−9.2%	12	$38.33	1.59%
UL	Unilever PLC Consumer Defensive	Reduced	1,786,644	-508,279	$107,413,037	−17.8%	26+	before history	1.53%
ACN	Accenture plc Technology	Reduced	855,060	-107,307	$106,403,666	−44.2%	3	$248.58	1.51%
FBIN	Fortune Brands Innovations, Inc. Industrials	Reduced	1,928,059	-144,200	$105,850,439	+31.1%	15	unpriced	1.51%
PNC	Pnc Financial Services Group, Inc. Financial Services	Reduced	427,245	-208,833	$105,196,263	−20.5%	2	$217.72	1.50%
DGX	Quest Diagnostics Inc Healthcare	Reduced	483,557	-237,429	$102,489,906	−27.5%	10	$129.75	1.46%
PHG	Koninklijke Philips NV Healthcare	Reduced	3,459,961	-1,516,952	$94,076,339	−31.0%	26+	before history	1.34%
BJ	BJ's Wholesale Club Holdings, Inc. Consumer Defensive	Added	988,158	+298,758	$86,187,140	+27.0%	20	$73.06	1.23%
DLTR	Dollar Tree, Inc. Consumer Defensive	Reduced	707,327	-359,986	$85,551,200	−26.8%	26+	before history	1.22%
SSD	Simpson Manufacturing Co., Inc. Basic Materials	Reduced	404,809	-29,400	$84,746,764	+13.7%	21	$116.76	1.21%
RYAAY	Ryanair Holdings PLC Industrials	Reduced	1,285,919	-156,063	$83,263,255	−0.1%	12	$44.06	1.18%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	143,322	-161,326	$71,716,895	−50.9%	26+	before history	1.02%
FMS	Fresenius Medical Care AG Healthcare	Reduced	2,937,829	-1,524,277	$66,424,313	−34.0%	22	$32.26	0.95%
ALH	Alliance Laundry Holdings Inc. Consumer Cyclical	NEW	2,230,990	NEW	$59,165,854	NEW	1	$24.99	0.84%
RHI	Robert Half Inc. Industrials	Reduced	1,521,878	-186,610	$46,721,654	+7.7%	26+	before history	0.66%
FCFS	FirstCash Holdings, Inc. Financial Services	Reduced	189,663	-722,388	$41,027,900	−76.1%	19	$91.31	0.58%

Showing the top 50 of 52 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.