What smart money is saying about Equifax
5 funds in our archive have pitched Equifax — most recently Jensen Global Quality Growth Equity Composite in June 2026.
Equifax Inc. operates as a global data and analytics company, delivering a range of information solutions and specialized human resources administrative process outsourcing services. Its clientele spans across businesses, governmental organizations, and individual consumers. The company's operations are structured into three primary divisions: Workforce Solutions, U.S. Information Solutions (USIS), and International. The Workforce Solutions segment specializes in employment-related data, offering verification services for income, employment history, criminal records, and Social Security numbers. It also provides tools for payroll-based transactions, employment tax management, and products aimed at protecting against identity theft. The U.S. Information Solutions (USIS) segment provides a comprehensive suite of services for both consumers and businesses within the United States. These offerings include extensive credit data and scoring, sophisticated credit modeling and portfolio analytics, identity verification and fraud detection/prevention services, and various consulting options. Additionally, USIS supports mortgage services, financial marketing initiatives, identity management solutions, credit monitoring products, and online decisioning technology solutions, alongside portfolio management and mortgage reporting services. Globally, the International segment delivers similar information service products, encompassing consumer and commercial credit and financial data, credit scoring, and advanced modeling. This division also provides credit-related marketing products and services, as well as technology and support for debt collection and recovery management. Equifax serves a diverse array of industries, including financial services, mortgage, employment, telecommunications, retail, automotive, utilities, brokerage, healthcare, and insurance, in addition to federal, state, and local governments. With a substantial international presence, the company conducts business in numerous countries, including the United States, Canada, Australia, New Zealand, India, the United Kingdom, Spain, Portugal, Argentina, Brazil, Mexico, and many other nations across Latin America, Europe, Asia, and the Middle East. Founded in 1899, Equifax maintains its corporate headquarters in Atlanta, Georgia.
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Position history
Between Q4 2024 and Q3 2026, 13 fund letters reported a position in Equifax — 4 opened or added to the position, 3 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 11 | 3 | 3 | 2 |
| Q1 2026 | 1 | 1 | 0 | 1 |
| Q4 2024 | 0 | 0 | 0 | 2 |
Fund activity · 13 positions · 7 moves
- July 2026
Listed in WS Lindsell Train North American Equity Fund’s reported holdings.
Equifax - June 2026
Listed in Harding Loevner Global Equity’s reported holdings.
Equifax - June 2026
“Equifax Inc. (EFX) is a global data, analytics, and technology company that maintains proprietary consumer databases including income and employment verification known as “The Work Number.” Persistently high interest rates pressured mortgage origination volume in the quarter, a headwind to earnings. Additionally, regulatory fears increased in the quarter as Federal Housing Finance Agency director Bill Pulte referenced potential actions targeting credit bureau pricing and the existing tri-merge credit reporting standard. This incremental regulatory risk caused us to moderate the investment position size, but we retained exposure to the company.”
Equifax - New positionVulcan Value Partners Quarterly FundJune 2026
“We purchased one new position during the quarter: Equifax, Inc. We sold two positions during the quarter:”
Equifax - June 2026
“Equifax Inc (EFX) – a leading credit bureau and verification network organization – was pressured in the second quarter despite a strong quarterly result as the company did not increase full-year revenue guidance due to U.S. mortgage activity uncertainty largely as a function of rates.”
Equifax - June 2026
“These changes included the full sale of Intuit (INTU) and a meaningful reduction in Broadridge (BR) and Equifax (EFX).”
Equifax - June 2026
“During the quarter, we initiated positions in two quality companies, TJX Companies (TJX) and Amphenol Corporation (APH). We believe these investments serve to broaden portfolio diversification and increase exposure to businesses with exposure to resilient end markets, attractive reinvestment opportunities, and long runways for compounding growth across various market environments, with each offering a compelling entry point from a quality, growth, and valuation perspective. To fund these new positions, we exited two positions where rapid technological change has increased uncertainty regarding the long- term competitive environment. These changes included the full sale of Broadridge (BR) and Equifax (EFX).”
Equifax - June 2026
“While not operating in the technology sector, our recent purchases, including London Stock Exchange Group, Arthur J. Gallagher, and Equifax, reflect this theme.”
Equifax - New positionDiamond Hill Mid Cap FundJune 2026
“• Equifax, a provider of mortgage, employment and other data, manages proprietary datasets that are costly and difficult to replicate.”
Equifax - June 2026
“Equifax shares were also slightly negative as an anemic housing market continues to overshadow solid progress across the company’s broader suite of offerings.”
Equifax - June 2026
“Notable 2Q Detractors Information services companies remained squarely in the AI penalty box, as investors grappled with the potential impact of AI on a wide array of business models. In that vein, Accenture, Equifax, and S&P Global were among the Fund’s top detractors for the quarter.”
Equifax - New positionVulcan Value Partners Investment StrategiesJune 2026
“We purchased one new position during the quarter: Equifax, Inc. We sold two”
Equifax - March 2026
“For the strategy, these include our investments in payments companies Visa and Mastercard, credit bureaus Experian and Equifax (both initiated in 2025), software companies Microsoft, Autodesk, and Workday (we exited Intuit during the quarter), and one of our Financial Market Infrastructure (FMI) investments the London Stock Exchange Group. Our other FMI investments—Deutsche Boerse and B3— have very little risk of AI disintermediation and have instead benefited from market volatility year-to-date, positively contributing to portfolio returns. The bear case for AI—replacing companies, potentially entire industries, and negatively impacting long-term white-collar unemployment—has been widely referred to as the “AI death star”. Whilst we do believe the bear case encompasses real risks, the market appears to be oversimplifying it. At the end of the first quarter, we had conducted drawdown reviews on all the aforementioned companies. The Global Leaders drawdown process forms an integral part of capital allocation and risk management for the Fund, and we place strong emphasis on avoiding losers as a key driver of long-term performance. Drawdown reviews trigger actions within the portfolio (we either add to positions or exit), and present an opportunity to reallocate to opportunities with better probability-adjusted IRRs, either within the portfolio or from the ready-to-buy list. We added to all the aforementioned companies and exited one investment: US tax and back-office software company Intuit.”
Equifax
Also mentioned · 1
These funds discuss Equifax — as a competitor, benchmark or comparable — without disclosing a position in it.
- May 2026
“The valuation looks too cheap regardless. On a market capitalisation of KRW830bn ($542m), adjusting for net cash and investments gives an enterprise value (EV) of KRW620bn ($405m). Against trailing twelve-month net operating profit after tax (NOPAT) of KRW81bn ($53m) to March 2026, the shares trade on just 7.7x EV/NOPAT – less than half the 20x-plus multiples typically accorded international peers such as Equifax, Experian, and TransUnion.”
Equifax
Fund coverage · 5 theses
Equifax is described as an exited holding because rapid technological change increased uncertainty around its long-term competitive environment and moat.
Read the full thesis- Vulcan Value Partners Quarterly FundJune 2026
Equifax operates a highly regulated credit bureau and workforce verification business with strong barriers to entry, proprietary data, and attractive long-term growth.
Read the full thesis - Brown Advisory Global LeadersMarch 2026
Equifax Inc. is described as owning proprietary credit data moats backed by regulatory barriers that limit AI-driven competition.
Read the full thesis - Mar Vista US Quality SelectDecember 2024
Equifax is a leader in the credit bureau and income verification sectors, with strong operating leverage and growth potential driven by its unique data assets and ongoing investments.
Read the full thesis - Harris US Concentrated StrategyDecember 2024
Equifax is a leading U.S. credit bureau distinguished by its proprietary Workforce Solutions database, currently undervalued due to a downturn in mortgage activity, but poised for earnings recovery as demand rebounds.
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