FIDUCIARY MANAGEMENT INC /WI/ — 13F Holdings & Portfolio
CIK 764532 · latest 13F-HR filed 2026-05-14
FIDUCIARY MANAGEMENT INC /WI/ manages $8.06B in 13F-reported U.S. long-equity assets across 62 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are ARMK (5.33%), BKNG (4.91%), SCHW (4.04%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 4 new positions, exited 9, added to 14, and trimmed 29.
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.
$8.06B
Long-equity book
62
Distinct positions
2026-03-31
Filed 2026-05-14
+4 / −9 / ↑14 / ↓29
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- Mueller Water Prod.$38.9M +51.5%
- CDW Corp$35.2M +25.3%
- Arch Capital Group$33.6M +31.5%
- Huron Consulting$24.5M +27.0%
- Progressive Corp.$22.0M +23.7%
Top Trims
- Alphabet Inc - Cl A-$157.0M -62.5%
- Donaldson Co. Inc.-$84.7M -41.2%
- Charles Schwab Corp-$61.2M -15.8%
- Capital One Financial-$52.3M -32.9%
- OneMain Holdings-$46.5M -24.5%
New Positions
- FTI Consulting Inc$145.6M
- PNC Financial Services$132.4M
- Sunbelt Rentals$125.1M
- IMCD N.V.$209.1K
Exited Positions
- Plexus Corp$189.7M
- SLB$162.3M
- CSX Corp$145.6M
- Sony Group Corp.$143.3M
- Icon Plc$87.6M
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 | $429.2M | 5.33% | 10,587,895 | SH |
| 2 | Booking Holdings Inc | BKNG | 09857L108 | $395.4M | 4.91% | 93,911 | SH |
| 3 | Charles Schwab Corp | SCHW | 808513105 | $325.7M | 4.04% | 3,465,521 | SH |
| 4 | Ferguson Enterprises | FERG | 31488V107 | $311.9M | 3.87% | 1,337,332 | SH |
| 5 | Avery Dennison Corp. | AVY | 053611109 | $216.3M | 2.68% | 1,252,529 | SH |
| 6 | Carrier Global | CARR | 14448C104 | $200.9M | 2.49% | 3,567,389 | SH |
| 7 | Becton Dickinson | BDX | 075887109 | $194.9M | 2.42% | 1,239,752 | SH |
| 8 | Accenture PLC | ACN | G1151C101 | $190.8M | 2.37% | 962,367 | SH |
| 9 | White Mountains Ins. | WTM | G9618E107 | $186.9M | 2.32% | 85,066 | SH |
| 10 | CDW Corp | CDW | 12514G108 | $174.7M | 2.17% | 1,443,309 | SH |
| 11 | Primerica Inc. | PRI | 74164M108 | $173.3M | 2.15% | 692,022 | SH |
| 12 | FirstCash Inc. | FCFS | 33768G107 | $171.5M | 2.13% | 912,051 | SH |
| 13 | Carlisle Cos. Inc. | CSL | 142339100 | $164.7M | 2.04% | 493,744 | SH |
| 14 | Valvoline Inc. | VVV | 92047W101 | $162.6M | 2.02% | 4,828,931 | SH |
| 15 | Zions Bancorporation | ZION | 989701107 | $160.6M | 1.99% | 2,787,957 | SH |
| 16 | AptarGroup Inc. | ATR | 038336103 | $157.8M | 1.96% | 1,252,338 | SH |
| 17 | Gates Industrial | GTES | G39108108 | $150.4M | 1.87% | 6,654,116 | SH |
| 18 | Arrow Electronics Inc. | ARW | 042735100 | $150.4M | 1.87% | 1,048,441 | SH |
| 19 | Allegion PLC | ALLE | G0176J109 | $150.1M | 1.86% | 1,033,019 | SH |
| 20 | Berkshire Hath. Cl B | BRK.B | 084670702 | $146.0M | 1.81% | 304,648 | SH |
| 21 | FTI Consulting Inc | FCN | 302941109 | $145.6M | 1.81% | 823,713 | SH |
| 22 | Henry Schein Inc. | HSIC | 806407102 | $144.0M | 1.79% | 1,954,083 | SH |
| 23 | OneMain Holdings | OMF | 68268W103 | $143.5M | 1.78% | 2,683,426 | SH |
| 24 | Masco Corp | MAS | 574599106 | $143.0M | 1.77% | 2,368,825 | SH |
| 25 | Quest Diagnostics | DGX | 74834L100 | $141.3M | 1.75% | 720,986 | SH |
| 26 | Arch Capital Group | ACGL | G0450A105 | $140.3M | 1.74% | 1,461,096 | SH |
| 27 | Koninklijke Philips NV | PHG | 500472303 | $136.4M | 1.69% | 4,976,913 | SH |
| 28 | Sysco Corp. | SYY | 871829107 | $133.8M | 1.66% | 1,876,385 | SH |
| 29 | PNC Financial Services | PNC | 693475105 | $132.4M | 1.64% | 636,078 | SH |
| 30 | Unilever PLC ADR | UL | 904767803 | $130.7M | 1.62% | 2,294,923 | SH |
| 31 | Cavco Industries | CVCO | 149568107 | $129.6M | 1.61% | 267,514 | SH |
| 32 | Insight Enterprises | NSIT | 45765U103 | $125.7M | 1.56% | 1,875,277 | SH |
| 33 | Sunbelt Rentals | SUNB | 866966104 | $125.1M | 1.55% | 1,921,250 | SH |
| 34 | Core & Main | CNM | 21874C102 | $122.6M | 1.52% | 2,482,510 | SH |
| 35 | Donaldson Co. Inc. | DCI | 257651109 | $121.1M | 1.50% | 1,426,427 | SH |
| 36 | Hayward Holdings | HAYW | 421298100 | $116.9M | 1.45% | 8,738,960 | SH |
| 37 | Dollar Tree | DLTR | 256746108 | $116.9M | 1.45% | 1,067,313 | SH |
| 38 | Houlihan Lokey Inc. | HLI | 441593100 | $115.4M | 1.43% | 803,572 | SH |
| 39 | Huron Consulting | HURN | 447462102 | $115.2M | 1.43% | 903,400 | SH |
| 40 | Progressive Corp. | PGR | 743315103 | $114.9M | 1.43% | 579,706 | SH |
| 41 | Mueller Water Prod. | MWA | 624758108 | $114.3M | 1.42% | 4,156,199 | SH |
| 42 | MSA Safety | MSA | 553498106 | $111.3M | 1.38% | 678,986 | SH |
| 43 | Capital One Financial | COF | 14040H105 | $106.9M | 1.33% | 585,777 | SH |
| 44 | Fresenius Med. Care | FMS | 358029106 | $100.7M | 1.25% | 4,462,106 | SH |
| 45 | UnitedHealth Group | UNH | 91324P102 | $96.9M | 1.20% | 357,951 | SH |
| 46 | Alphabet Inc - Cl A | GOOGL | 02079K305 | $94.2M | 1.17% | 327,682 | SH |
| 47 | Louisiana-Pacific Corp. | LPX | 546347105 | $92.1M | 1.14% | 1,265,398 | SH |
| 48 | Ryanair Holdings | RYAAY | 783513203 | $83.3M | 1.03% | 1,441,982 | SH |
| 49 | Fortune Brands Innov. | FBIN | 34964C106 | $80.8M | 1.00% | 2,072,259 | SH |
| 50 | Simpson Mfg. Co. | SSD | 829073105 | $74.5M | 0.92% | 434,209 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 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 |