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FIDUCIARY MANAGEMENT INC /WI/ — 13F Holdings & Portfolio

CIK 764532 · latest 13F-HR filed 2026-08-13

Backtest portfolio

FIDUCIARY MANAGEMENT INC /WI/ manages $7.03B in 13F-reported U.S. long-equity assets across 56 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are ARMK (5.28%), BKNG (4.71%), NSIT (3.81%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions and exited 11; 21 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.

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AUM
$7.03B

Long-equity book

Holdings
56

Distinct positions

Period
2026-06-30

Filed 2026-08-13

Q/Q Activity
+5 / −11 / ↑21 / ↓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
ARMK5.3% · -38%BKNG4.7% · +1879%NSIT3.8% · +17%SCHW3.0% · -34%VVV2.9% · +6%HAYW2.9% · +34%FERG2.9% · -37%CDW2.8% · -3%OMF2.7% · +15%ZION2.5% · -7%ATR2.5% · +14%GTES2.5% · -7%CSL2.3% · -9%CVCO2.2% · -6%MWA2.2% · +42%AVY2.2% · -25%PRI2.2% · -23%HSIC2.2% · -7%COF2.2% · +29%FCN2.0% · +16%CARR2.0% · -46%WTM2.0% · -22%LPX2.0% · +38%UNH1.9% · -9%MAS1.8% · -34%BDX1.8% · -33%HLI1.8% · +17%MSA1.8% · +5%ACGL1.7% · -16%HURN1.7% · +43%SUNB1.7% · -19%DCI1.6% · -10%ALLE1.6% · -22%PGR1.6% · -11%CNM1.6% · -7%UL1.5% · -22%ACN1.5% · -11%FBIN1.5% · -7%PNC1.5% · -33%DGX1.5% · -33%PHG1.3% · -30%BJ1.2% · +43%DLTR1.2% · -34%SSD1.2% · -7%RYAAY1.2% · -11%BRK.B1.0% · -53%FMS0.9% · -34%ALH0.8% · newRHI0.7% · -11%FCFS0.6% · -79%IFPJF0.0% · -1%SDXOF0.0% · newIVV0.0% · newIJR0.0% · newRXLSF0.0% · newEDNMF0.0% · -5%

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 = 33.4%

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

Firm Profile & Key People

As of the firm’s regulatory filing dated Jun 9, 2026.

Assets Under Management
$11.36B
Discretionary
$11.36B
Employees
25
Accounts
577
Address
790 N. WATER STREET
SUITE 2100
MILWAUKEE, WI 53202
Phone
(414) 226-4545
Website
Name Title / Status Ownership Type
BLOOM, JONATHAN, TODD ControlCHIEF INVESTMENT OFFICER
since Dec 2023
5–10%Individual
BRANDSER, JOHN, SCOTT ControlPRESIDENT, CHIEF EXECUTIVE OFFICER
since Dec 2022
10–25%Individual
ENGLISH, PATRICK, J ControlCHAIRMAN
since Dec 2022
25–50%Individual
KELLNER, TED, DOUGLAS ControlRETIRED EXECUTIVE CHARMAN
since Jun 2017
25–50%Individual
LADWIG, RYAN, JEFFERY ControlCHIEF COMPLIANCE OFFICER
since May 2026
Less than 5%Individual
BURNS, BLADEN, JEFFREYEXECUTIVE VICE PRESIDENT
since Dec 2022
5–10%Individual
TASKE, JESSICA, PORTERVICE PRESIDENT
since Aug 2011
Less than 5%Individual
Ownership & leadership changes · 8 filings with changes since Mar 15, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Jun 9, 2026 filing
  • No longer listedLA NUEZ, DANIEL, CHRISTOPHER · CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Dec 2022
  • AddedLADWIG, RYAN, JEFFERY · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 24, 2026 filing
  • AddedBLOOM, JONATHAN, TODD · CHIEF INVESTMENT OFFICER · 5–10% · control person
  • ChangedENGLISH, PATRICK, J · title EXECUTIVE CHAIRMAN → CHAIRMAN
Mar 17, 2025 filing
  • ChangedBRANDSER, JOHN, SCOTT · ownership 5–10% → 10–25%
  • ChangedBURNS, BLADEN, JEFFREY · ownership Less than 5% → 5–10%
Mar 27, 2024 filing
  • ChangedBURNS, BLADEN, JEFFREY · title EXECUTIVE SENIOR VICE PRESIDENT → EXECUTIVE VICE PRESIDENT
  • ChangedENGLISH, PATRICK, J · title EXECUTIVE CHAIRMAN, CO-CHIEF INVESTMENT OFFICER → EXECUTIVE CHAIRMAN
Mar 13, 2023 filing
  • AddedLA NUEZ, DANIEL, CHRISTOPHER · CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER · Less than 5%
  • ChangedBRANDSER, JOHN, SCOTT · title PRESIDENT, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, SECRETARY → PRESIDENT, CHIEF EXECUTIVE OFFICER
  • ChangedBURNS, BLADEN, JEFFREY · title EXECUTIVE VICE PRESIDENT → EXECUTIVE SENIOR VICE PRESIDENT
  • ChangedENGLISH, PATRICK, J · title CHAIRMAN, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER → EXECUTIVE CHAIRMAN, CO-CHIEF INVESTMENT OFFICER
Mar 16, 2022 filing
  • ChangedBURNS, BLADEN, JEFFREY · title SENIOR VICE PRESIDENT → EXECUTIVE VICE PRESIDENT
Mar 26, 2021 filing
  • ChangedKELLNER, TED, DOUGLAS · ownership 50–75% → 25–50%
Mar 6, 2018 filing
  • ChangedENGLISH, PATRICK, J · title CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER → CHAIRMAN, CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER
  • ChangedKELLNER, TED, DOUGLAS · title EXECUTIVE CHAIRMAN → RETIRED EXECUTIVE CHARMAN
Mar 15, 2012 filing (earliest on record)
  • ListedBRANDSER, JOHN, SCOTT · PRESIDENT, CHIEF OPERATING OFFICER, CHIEF COMPLIANCE OFFICER, SECRETARY · 5–10% · control person
  • ListedBURNS, BLADEN, JEFFREY · SENIOR VICE PRESIDENT · Less than 5%
  • ListedENGLISH, PATRICK, J · CHIEF EXECUTIVE OFFICER, CHIEF INVESTMENT OFFICER · 25–50% · control person
  • ListedKELLNER, TED, DOUGLAS · EXECUTIVE CHAIRMAN · 50–75% · control person
  • ListedTASKE, JESSICA, PORTER · VICE PRESIDENT · Less than 5%

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)

Show all 21 →

Top Trims

Show all 25 →

New Positions

Show all 5 →

Exited Positions

Show all 11 →

FIDUCIARY MANAGEMENT INC /WI/ Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Aramark ARMK 03852U106 $371.0M 5.28% 6,520,495 SH
2 Booking Holdings Inc BKNG 09857L108 $331.2M 4.71% 1,858,189 SH
3 Insight Enterprises NSIT 45765U103 $267.7M 3.81% 2,197,521 SH
4 Charles Schwab Corp SCHW 808513105 $211.8M 3.01% 2,295,743 SH
5 Valvoline Inc. VVV 92047W101 $202.5M 2.88% 5,122,337 SH
6 Hayward Holdings HAYW 421298100 $202.3M 2.88% 11,684,338 SH
7 Ferguson Enterprises FERG 31488V107 $200.5M 2.85% 844,907 SH
8 CDW Corp CDW 12514G108 $196.0M 2.79% 1,393,758 SH
9 OneMain Holdings OMF 68268W103 $187.8M 2.67% 3,080,673 SH
10 Zions Bancorporation ZION 989701107 $179.3M 2.55% 2,591,257 SH
11 AptarGroup Inc. ATR 038336103 $178.3M 2.54% 1,423,771 SH
12 Gates Industrial GTES G39104107 $173.1M 2.46% 6,189,245 SH
13 Carlisle Cos. Inc. CSL 142339100 $162.5M 2.31% 447,968 SH
14 Cavco Industries CVCO 149568107 $153.7M 2.19% 250,135 SH
15 Mueller Water Prod. MWA 624758108 $152.4M 2.17% 5,902,018 SH
16 Avery Dennison Corp. AVY 053611109 $151.9M 2.16% 935,794 SH
17 Primerica Inc. PRI 74164M108 $151.8M 2.16% 534,226 SH
18 Henry Schein Inc. HSIC 806407102 $151.8M 2.16% 1,817,353 SH
19 Capital One Financial COF 14040H105 $151.2M 2.15% 753,703 SH
20 FTI Consulting Inc FCN 302941109 $142.7M 2.03% 957,952 SH
21 Carrier Global CARR 14448C104 $141.1M 2.01% 1,923,538 SH
22 White Mountains Ins. WTM G9618E107 $138.0M 1.96% 66,550 SH
23 Louisiana-Pacific Corp. LPX 546347105 $137.7M 1.96% 1,751,120 SH
24 UnitedHealth Group UNH 91324P102 $135.5M 1.93% 325,962 SH
25 Masco Corp MAS 574599106 $127.2M 1.81% 1,562,913 SH
26 Becton Dickinson BDX 075887109 $125.9M 1.79% 831,781 SH
27 Houlihan Lokey Inc. HLI 441593100 $125.9M 1.79% 938,411 SH
28 MSA Safety MSA 553498106 $124.6M 1.77% 713,768 SH
29 Arch Capital Group ACGL G0450A105 $118.9M 1.69% 1,225,226 SH
30 Huron Consulting HURN 447462102 $116.6M 1.66% 1,293,304 SH
31 Sunbelt Rentals SUNB 866966104 $116.2M 1.65% 1,553,309 SH
32 Donaldson Co. Inc. DCI 257651109 $114.8M 1.63% 1,279,144 SH
33 Allegion PLC ALLE G0176J109 $112.9M 1.61% 803,654 SH
34 Progressive Corp. PGR 743315103 $112.2M 1.60% 513,457 SH
35 Core & Main CNM 21874C102 $111.4M 1.58% 2,308,589 SH
36 Unilever PLC ADR UL 904767803 $107.4M 1.53% 1,786,644 SH
37 Accenture PLC ACN G1151C101 $106.4M 1.51% 855,060 SH
38 Fortune Brands Innov. FBIN 34964C106 $105.9M 1.51% 1,928,059 SH
39 PNC Financial Services PNC 693475105 $105.2M 1.50% 427,245 SH
40 Quest Diagnostics DGX 74834L100 $102.5M 1.46% 483,557 SH
41 Koninklijke Philips NV PHG 500472303 $94.1M 1.34% 3,459,961 SH
42 BJ's Wholesale Club BJ 05550J101 $86.2M 1.23% 988,158 SH
43 Dollar Tree DLTR 256746108 $85.6M 1.22% 707,327 SH
44 Simpson Mfg. Co. SSD 829073105 $84.7M 1.21% 404,809 SH
45 Ryanair Holdings RYAAY 783513203 $83.3M 1.18% 1,285,919 SH
46 Berkshire Hath. Cl B BRK.B 084670702 $71.7M 1.02% 143,322 SH
47 Fresenius Med. Care FMS 358029106 $66.4M 0.94% 2,937,829 SH
48 Alliance Laundry ALH 01862Q107 $59.2M 0.84% 2,230,990 SH
49 Robert Half Inc. RHI 770323103 $46.7M 0.66% 1,521,878 SH
50 FirstCash Inc. FCFS 33768G107 $41.0M 0.58% 189,663 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-13 $7.03B 56 0000764532-26-000007
2026-03-31 2026-05-14 $8.06B 62 0000764532-26-000003
2025-12-31 2026-02-11 $9.09B 67 0000764532-26-000002
2025-09-30 2025-11-14 $9.88B 68 0000764532-25-000012
Filer Information
Address
790 N. WATER STREET
SUITE 2100
MILWAUKEE, WI 53202
Phone
(414) 226-4545
Filing Manager
FIDUCIARY MANAGEMENT INC /WI/
MILWAUKEE, WI
Signatory
Jessica Taske
Vice President