Wallace Capital Management Inc. — 13F Holdings & Portfolio

CIK 1459754 · latest 13F-HR filed 2026-08-14

Wallace Capital Management Inc. manages $912.1M in 13F-reported U.S. long-equity assets across 77 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GHC (19.57%), WTM (18.20%), BRK.B (14.45%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 3 new positions and exited 1; 36 existing positions rose in reported value and 25 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$912.1M

Long-equity book

Holdings

Distinct positions

Period

2026-06-30

Filed 2026-08-14

Q/Q Activity

+3 / −1 / ↑36 / ↓25

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

GHC19.6% · +1%WTM18.2% · +2%BRK.B14.5% · +9%PPLI5.7% · new UHAL.B3.5% · +3%SEB3.4% · -7%L3.0% · -5%JNJ2.9% · -11%MHK2.9% · +2%AMG2.2% · -7%TAP1.9% · -2%IMKTA1.9% · -0%CNX1.8% · +17%POST1.8% · +58%RSG1.8% · -4%LBTYA1.7% · +4%HTLD1.6% · -1%ZTS1.6% · +5550%UL1.3% · +10%JOUT1.3% · -0%GLIBK1.2% · -5%AAPL0.4% · +5%PG0.4% · -2%GOOG0.4% · +15%LBTYK0.3% · -14%BRK.A0.3% · -71%UHAL0.3% · -3%KO0.2% · -31%LBRDK0.2% · -10%SPY0.2% · -28%SIRI0.2% · 0%MRK0.2% · -29%TRIP0.2% · -30%MDLZ0.2% · -8%MSFT0.2% · +17%GOOGL0.2% · +13%V0.2% · +24%MA0.1% · 0%HSY0.1% · -2%LLYVK0.1% · -0%XOM0.1% · -6%JPM0.1% · +47%VOO0.1% · +2%PM0.1% · +61%UNH0.1% · 0%LLY0.1% · +56%CL0.1% · -9%CLX0.1% · -15%CABO0.1% · -2%HIFS0.1% · +100%RTX0.1% · +163%PIPR0.1% · 0%ABBV0.1% · +29%ITOT0.1% · new ENB0.1% · -12%APH0.1% · -9%MO0.1% · new KHC0.0% · -1%AMGN0.0% · +63%ADP0.0% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 75.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

Assets Under Management

$1.49B

Discretionary

$1.46B

Employees

Accounts

491

Address

100 CRESCENT COURT
SUITE 1190
DALLAS, TX 75201

Phone

(214) 303-0200

Name	Title / Status	Ownership	Type
ESTESS, BLAKE, HENRY Control	CHIEF COMPLIANCE OFFICER	Less than 5%	Individual
THOMASON, CHRISTOPHER, LEE Control	VICE PRESIDENT	10–25%	Individual
WALLACE, SCOTT, TREVOR Control	PRESIDENT/SECRETARY	50–75%	Individual
BARROW, LAURA, LEE	SHAREHOLDER	10–25%	Individual
CRENSHAW, JONATHON, CASEY HOPKINS	SHAREHOLDER	5–10%	Individual
ROSENTHAL, WILLIAM, E.	SHAREHOLDER	5–10%	Individual

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

BERKSHIRE HATHAWAY INC DEL$15.9M +13.7%
GRAHAM HLDGS CO$14.5M +8.9%
ZOETIS INC$13.8M +3334.8%
U HAUL HOLDING COMPANY$8.0M +32.9%
PEOPLE INC$7.3M +16.2%

Show all 36 →

Top Trims

SEABOARD CORP DEL-$11.1M -26.6%
LIBERTY CAP CORP-$8.7M -45.0%
BERKSHIRE HATHAWAY INC DEL-$7.1M -70.2%
MOLSON COORS BEVERAGE CO-$2.3M -11.7%
JOHNSON & JOHNSON-$2.2M -7.6%

Show all 25 →

New Positions

Exited Positions

LIBERTY LIVE HOLDINGS INC$203.5K

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#	Issuer	Symbol	CUSIP	Value	Δ

Wallace Capital Management Inc. Holdings (2026-06-30)

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	GRAHAM HLDGS CO	GHC	384637104	$178.5M	19.57%	156,376	SH
2	WHITE MTNS INS GROUP LTD	WTM	G9618E107	$166.0M	18.20%	80,067	SH
3	BERKSHIRE HATHAWAY INC DEL	BRK.B	084670702	$131.8M	14.45%	263,465	SH
4	PEOPLE INC	PPLI	44891N208	$52.1M	5.71%	1,127,772	SH
5	U HAUL HOLDING COMPANY	UHAL.B	023586506	$32.2M	3.53%	557,360	SH
6	SEABOARD CORP DEL	SEB	811543107	$30.7M	3.36%	6,871	SH
7	LOEWS CORP	L	540424108	$27.7M	3.03%	244,525	SH
8	JOHNSON & JOHNSON	JNJ	478160104	$26.7M	2.93%	105,306	SH
9	MOHAWK INDS INC	MHK	608190104	$26.5M	2.91%	218,805	SH
10	AFFILIATED MANAGERS GROUP	AMG	008252108	$19.7M	2.16%	58,334	SH
11	MOLSON COORS BEVERAGE CO	TAP	60871R209	$17.4M	1.90%	445,346	SH
12	INGLES MKTS INC	IMKTA	457030104	$17.0M	1.87%	192,195	SH
13	CNX RES CORP	CNX	12653C108	$16.9M	1.85%	496,627	SH
14	POST HLDGS INC	POST	737446104	$16.5M	1.80%	186,530	SH
15	REPUBLIC SVCS INC	RSG	760759100	$16.5M	1.80%	77,246	SH
16	LIBERTY GLOBAL LTD	LBTYA	G61188101	$15.3M	1.67%	1,342,309	SH
17	HEARTLAND EXPRESS INC	HTLD	422347104	$14.7M	1.61%	965,007	SH
18	ZOETIS INC	ZTS	98978V103	$14.2M	1.55%	197,251	SH
19	UNILEVER PLC	UL	904767803	$12.1M	1.32%	200,651	SH
20	JOHNSON OUTDOORS INC	JOUT	479167108	$11.4M	1.25%	248,207	SH
21	LIBERTY CAP CORP	GLIBK	36164V800	$10.6M	1.16%	492,557	SH
22	APPLE INC	AAPL	037833100	$3.8M	0.41%	12,969	SH
23	PROCTER & GAMBLE CO	PG	742718109	$3.5M	0.39%	24,139	SH
24	ALPHABET INC	GOOG	02079K107	$3.3M	0.37%	9,462	SH
25	LIBERTY GLOBAL LTD	LBTYK	G61188127	$3.2M	0.35%	289,811	SH
26	BERKSHIRE HATHAWAY INC DEL	BRK.A	084670108	$3.0M	0.33%	4	SH
27	U HAUL HOLDING COMPANY	UHAL	023586100	$3.0M	0.32%	45,170	SH
28	COCA COLA CO	KO	191216100	$2.1M	0.23%	26,328	SH
29	LIBERTY BROADBAND CORP	LBRDK	530307305	$1.8M	0.20%	54,758	SH
30	STATE STR SPDR S&P 500 ETF T	SPY	78462F103	$1.6M	0.18%	2,205	SH
31	SIRIUSXM HOLDINGS INC	SIRI	829933100	$1.6M	0.17%	53,407	SH
32	MERCK & CO INC	MRK	58933Y105	$1.5M	0.17%	11,829	SH
33	TRIPADVISOR INC	TRIP	896945201	$1.5M	0.16%	108,543	SH
34	MONDELEZ INTL INC	MDLZ	609207105	$1.5M	0.16%	25,697	SH
35	MICROSOFT CORP	MSFT	594918104	$1.5M	0.16%	3,954	SH
36	ALPHABET INC	GOOGL	02079K305	$1.5M	0.16%	4,059	SH
37	VISA INC	V	92826C839	$1.4M	0.16%	4,222	SH
38	MASTERCARD INCORPORATED	MA	57636Q104	$1.3M	0.14%	2,478	SH
39	HERSHEY CO	HSY	427866108	$1.2M	0.13%	6,835	SH
40	LIBERTY LIVE HOLDINGS INC	LLYVK	530909308	$1.2M	0.13%	11,330	SH
41	EXXON MOBIL CORP	XOM	30231G102	$1.2M	0.13%	8,442	SH
42	JPMORGAN CHASE & CO	JPM	46625H100	$1.2M	0.13%	3,515	SH
43	VANGUARD INDEX FDS	VOO	922908363	$1.0M	0.11%	1,492	SH
44	PHILIP MORRIS INTL INC	PM	718172109	$1.0M	0.11%	5,639	SH
45	UNITEDHEALTH GROUP INC	UNH	91324P102	$880.7K	0.10%	2,119	SH
46	ELI LILLY & CO	LLY	532457108	$867.2K	0.10%	723	SH
47	COLGATE PALMOLIVE CO	CL	194162103	$800.8K	0.09%	8,735	SH
48	CLOROX CO DEL	CLX	189054109	$784.1K	0.09%	8,216	SH
49	CABLE ONE INC	CABO	12685J105	$614.3K	0.07%	11,567	SH
50	HINGHAM INSTN SVGS MASS	HIFS	433323102	$614.3K	0.07%	2,000	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-06-30	2026-08-14	$912.1M	77	0001420506-26-001833
2026-03-31	2026-05-15	$870.8M	75	0001420506-26-001102
2025-12-31	2026-02-17	$830.5M	75	0001420506-26-000544
2025-09-30	2025-11-14	$804.7M	77	0001420506-25-003337

Filer Information

Address

100 CRESCENT COURT
SUITE 1190
DALLAS, TX 75201

Phone

(214) 303-0200

Filing Manager

Wallace Capital Management Inc.

DALLAS, TX

Signatory

Blake Estess

Chief Compliance Officer