Vulcan Value Partners
Vulcan Value Partners Investment Strategies
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 24 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Vulcan Value Partners for every strategy.
What it bought and sold
We took advantage of stock price volatility to add to our position in SAP during the quarter.
We purchased two positions during the quarter: Badger Meter Inc. and TPG Inc.
We added to our position in Ryan early in the quarter when its price to value ratio was more attractive.
We purchased three new positions during the quarter: Veeva Systems Inc., Equifax Inc., and ServiceNow Inc.
We purchased two positions during the quarter: Badger Meter Inc. and TPG Inc.
We sold two positions during the quarter: Sodexo SA and Partners Group Holding AG.
We sold two positions during the quarter: Sodexo SA and Partners Group Holding AG.
We sold four positions during the quarter: Littelfuse Inc., CarMax Inc., Sdiptech AB, and UnitedHealth Group Inc.
We purchased one new position during the quarter: Equifax, Inc.
We sold one position during the quarter: Park Hotels and Resorts Inc.
We purchased three new positions during the quarter: Veeva Systems Inc., Equifax Inc., and ServiceNow Inc.
We sold four positions during the quarter: Littelfuse Inc., CarMax Inc., Sdiptech AB, and UnitedHealth Group Inc.
We added to our position in TransDigm early in the quarter when its price to value ratio was more attractive.
We sold UnitedHealth Group in our Focus portfolio to reallocate capital into meaningfully more discounted companies whose values are compounding at attractive double-digit rates.
We sold four positions during the quarter: Littelfuse Inc., CarMax Inc., Sdiptech AB, and UnitedHealth Group Inc.
Also held
Its investment theses
- Fortune Brands Innovations, Inc.Jun 2026Fortune Brands Innovations is a home and security products leader with trusted brands, strong distribution relationships, and a new CEO with a strong value-creation track record.
- Ituran Location and Control Ltd.Jun 2026Ituran provides subscription-based stolen vehicle recovery services with strong margins, excellent returns on capital, and new long-term OEM agreements.