DIVERSIFIED MANAGEMENT INC — 13F Holdings & Portfolio
CIK 922372 · latest 13F-HR filed 2026-10-08
DIVERSIFIED MANAGEMENT INC manages $572.9M in 13F-reported U.S. long-equity assets across 236 reported positions as of its 2026-09-30 13F-HR filing. Its largest disclosed positions are ROK (8.99%), SPY (6.85%), VOE (4.97%). Quarter over quarter (versus its 2026-06-30 filing) the fund opened 75 new positions and exited 10; 60 existing positions rose in reported value and 45 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
$572.9M
Long-equity book
Holdings
236
Distinct positions
Period
2026-09-30
Filed 2026-10-08
Q/Q Activity
+75 / −10 / ↑60 / ↓45
vs 2026-06-30
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q3 26ROK9.0% · 0%SPY6.8% · -0%VOE5.0% · +0%AAPL3.9% · -4%IWP3.1% · +5%IJH2.9% · +1%EFA2.8% · +3%IJR2.7% · +4%WSC2.7% · -2%QQQ2.3% · +1%INFL2.0% · +4%MU1.7% · +1%VBR1.5% · -1%RSP1.4% · +7%AMZN1.3% · +6%MDY1.3% · +1%TCAF1.1% · +0%MSFT1.1% · +25%ARMK1.0% · +684%SOR1.0% · +1%VTI0.9% · 0%VXUS0.9% · +1%IVV0.9% · -0%EFG0.9% · +1%SCHW0.8% · +404%VBK0.8% · +38%VIG0.8% · +2%VOO0.7% · +9%TSI0.6% · -36%WEC0.6% · +29%FERG0.6% · +357%GLD0.6% · 0%BRK.B0.6% · +54%IVW0.5% · 0%NVDA0.5% · +7%MDLV0.5% · +4%BKNG0.5% · newACN0.5% · newJNJ0.5% · +45%AVY0.5% · newCOF0.5% · newBDX0.5% · newIJT0.5% · +7%NSIT0.5% · newCSCO0.5% · +40%ALLE0.4% · +670%ZION0.4% · +475%CARR0.4% · newVVV0.4% · newPNC0.4% · newHLI0.4% · newCDW0.4% · newLLY0.4% · -2%OMF0.4% · +1081%SUNB0.4% · newTMO0.4% · +2%MRK0.4% · +65%ATR0.4% · newVTV0.4% · +0%WTM0.4% · new
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 valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q2 26 → Q3 26Estimated 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 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 41.1%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Apr 18, 2016.
Assets Under Management
$6.26B
Discretionary
$2.17B
Employees
18
Accounts
22
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| CARLYLE MAPLE LEAF HOLDINGS, U.L.C. Control | SHAREHOLDER since Feb 2014 | 75% or more | Foreign Entity |
| Dillard, Lauren Control | CHAIRMAN, DIRECTOR since Dec 2015 | Less than 5% | Individual |
| MAIN, GEORGE, IAIN PRENTICE Control | CEO, DIRECTOR since Nov 2005 | Less than 5% | Individual |
| ROSENBLUM, BRUCE, EDWARD Control | DIRECTOR since Dec 2014 | Less than 5% | Individual |
| MOSCARITOLO, MICHELE | CHIEF FINANCIAL OFFICER since Apr 2011 | Less than 5% | Individual |
| SHOSTACK, LISA, DEBORAH | MANAGING DIRECTOR, GENERAL COUNSEL & CCO since Apr 2011 | Less than 5% | Individual |
| CARLYLE GROUP MANAGEMENT L.L.C. Control Indirect owner via THE CARLYLE GROUP L.P. | GENERAL PARTNER since Jul 2011 | General partner, trustee or manager | Domestic Entity |
| CARLYLE HOLDINGS III GP L.P. Control Indirect owner via CARLYLE HOLDINGS III GP SUB L.L.C. | MEMBER since Nov 2011 | 75% or more | Foreign Entity |
| CARLYLE HOLDINGS III GP MANAGEMENT L.L.C. Control Indirect owner via CARLYLE HOLDINGS III GP L.P. | GENERAL PARTNER since Nov 2011 | General partner, trustee or manager | Domestic Entity |
| CARLYLE HOLDINGS III GP SUB L.L.C. Control Indirect owner via CARLYLE HOLDINGS III L.P. | GENERAL PARTNER since Nov 2011 | General partner, trustee or manager | Domestic Entity |
| CARLYLE HOLDINGS III L.P. Control Indirect owner via TC GROUP CAYMEN L.P. | GENERAL PARTNER since May 2012 | General partner, trustee or manager | Foreign Entity |
| CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), L.P. Control Indirect owner via CARLYLE MAPLE LEAF HOLDINGS, U.L.C. | SHAREHOLDER since Nov 2013 | 75% or more | Foreign Entity |
| CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), LTD. Control Indirect owner via CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), L.P. | GENERAL PARTNER since Nov 2013 | General partner, trustee or manager | Foreign Entity |
| TC GROUP CAYMAN, L.P. Control Indirect owner via CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), L.P. | LIMITED PARTNER since Nov 2013 | 75% or more | Foreign Entity |
| TC GROUP CAYMAN, L.P. Control Indirect owner via CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), LTD. | SHAREHOLDER since Nov 2013 | 75% or more | Foreign Entity |
| THE CARLYLE GROUP L.P. Control Indirect owner via CARLYLE HOLDINGS III GP MANAGEMENT L.L.C. | MEMBER since Nov 2011 | 75% or more | Domestic Entity |
Ownership & leadership changes · 8 filings with changes since Mar 30, 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.
Apr 18, 2016 filing
- No longer listedLUCASSEN, JEFFREY, THEODORUS · CHIEF OPERATING OFFICER, CHIEF RISK OFFICER, AND DIRECTOR · Less than 5% · control person · listed since Nov 2005
Mar 30, 2016 filing
- No longer listedHOLTZ, LINDSAY, ANNE · PRESIDENT · Less than 5% · listed since Jun 2015
- No longer listedTHOURET, GRAHAM, FREDERICK · VICE CHAIRMAN · Less than 5% · listed since Jun 2015
- No longer listedWRIGHT, WARREN, ARTHUR · CHIEF INVESTMENT OFFICER · Less than 5% · listed since Nov 2005
Jan 29, 2016 filing
- No longer listedCHAPPUIS, JACQUES, P · CHAIRMAN, DIRECTOR · Less than 5% · control person · listed since Feb 2014
- AddedDillard, Lauren · CHAIRMAN, DIRECTOR · Less than 5% · control person
Aug 5, 2015 filing
- AddedHOLTZ, LINDSAY, ANNE · PRESIDENT · Less than 5%
- ChangedLUCASSEN, JEFFREY, THEODORUS · title CHIEF OPERATING OFFICER, DIRECTOR, AND CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER, CHIEF RISK OFFICER, AND DIRECTOR
- ChangedSHOSTACK, LISA, DEBORAH · title MANAGING DIRECTOR & GENERAL COUNSEL → MANAGING DIRECTOR, GENERAL COUNSEL & CCO
- ChangedTHOURET, GRAHAM, FREDERICK · title PRESIDENT → VICE CHAIRMAN
Dec 10, 2014 filing
- No longer listedDE KLERK, JOHAN, PAUL · DIRECTOR · Less than 5% · control person · listed since Feb 2014
- AddedROSENBLUM, BRUCE, EDWARD · DIRECTOR · Less than 5% · control person
Jul 23, 2014 filing
- ChangedLUCASSEN, JEFFREY, THEODORUS · title CHIEF OPERATING OFFICER, DIRECTOR → CHIEF OPERATING OFFICER, DIRECTOR, AND CHIEF COMPLIANCE OFFICER
- ChangedSHOSTACK, LISA, DEBORAH · title MANAGING DIRECTOR & GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER → MANAGING DIRECTOR & GENERAL COUNSEL
Mar 3, 2014 filing
- No longer listedHAY, DAVID, JAMES · MANAGING DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) · 5–10% · listed since Feb 2011
- AddedCARLYLE GROUP MANAGEMENT L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via THE CARLYLE GROUP L.P. · control person
- AddedCARLYLE HOLDINGS III GP L.P. · MEMBER · 75% or more · indirect via CARLYLE HOLDINGS III GP SUB L.L.C. · control person
- AddedCARLYLE HOLDINGS III GP MANAGEMENT L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE HOLDINGS III GP L.P. · control person
- AddedCARLYLE HOLDINGS III GP SUB L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE HOLDINGS III L.P. · control person
- AddedCARLYLE HOLDINGS III L.P. · GENERAL PARTNER · General partner, trustee or manager · indirect via TC GROUP CAYMEN L.P. · control person
- AddedCARLYLE MAPLE LEAF HOLDINGS (CAYMAN), L.P. · SHAREHOLDER · 75% or more · indirect via CARLYLE MAPLE LEAF HOLDINGS, U.L.C. · control person
- AddedCARLYLE MAPLE LEAF HOLDINGS (CAYMAN), LTD. · GENERAL PARTNER · General partner, trustee or manager · indirect via CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), L.P. · control person
- AddedCARLYLE MAPLE LEAF HOLDINGS, U.L.C. · SHAREHOLDER · 75% or more · control person
- AddedCHAPPUIS, JACQUES, P · CHAIRMAN, DIRECTOR · Less than 5% · control person
- AddedDE KLERK, JOHAN, PAUL · DIRECTOR · Less than 5% · control person
- AddedTC GROUP CAYMAN, L.P. · LIMITED PARTNER · 75% or more · indirect via CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), L.P. · control person
- AddedTC GROUP CAYMAN, L.P. · SHAREHOLDER · 75% or more · indirect via CARLYLE MAPLE LEAF HOLDINGS (CAYMAN), LTD. · control person
- AddedTHE CARLYLE GROUP L.P. · MEMBER · 75% or more · indirect via CARLYLE HOLDINGS III GP MANAGEMENT L.L.C. · control person
- ChangedLUCASSEN, JEFFREY, THEODORUS · title CHIEF OPERATING OFFICER, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) → CHIEF OPERATING OFFICER, DIRECTOR; ownership 5–10% → Less than 5%
- ChangedMAIN, GEORGE, IAIN PRENTICE · title CEO, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) → CEO, DIRECTOR; ownership 25–50% → Less than 5%
- ChangedMOSCARITOLO, MICHELE · title CHIEF FINANCIAL OFFICER, SHAREHOLDER (CLASS A COMMON SHARES) → CHIEF FINANCIAL OFFICER
- ChangedSHOSTACK, LISA, DEBORAH · title MANAGING DIRECTOR & GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, SHAREHOLDER (CLASS A COMMON SHARES) → MANAGING DIRECTOR & GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER
- ChangedTHOURET, GRAHAM, FREDERICK · title PRESIDENT, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) → PRESIDENT; ownership 5–10% → Less than 5%; no longer a control person
- ChangedWRIGHT, WARREN, ARTHUR · title CHIEF INVESTMENT OFFICER, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) → CHIEF INVESTMENT OFFICER; ownership 10–25% → Less than 5%; no longer a control person
Apr 19, 2013 filing
- ChangedLUCASSEN, JEFFREY, THEODORUS · title CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) → CHIEF OPERATING OFFICER, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES)
- ChangedSHOSTACK, LISA, DEBORAH · title MANAGING DIRECTOR & GENERAL COUNSEL, SHAREHOLDER (CLASS A COMMON SHARES) → MANAGING DIRECTOR & GENERAL COUNSEL, CHIEF COMPLIANCE OFFICER, SHAREHOLDER (CLASS A COMMON SHARES)
Mar 30, 2012 filing (earliest on record)
- ListedHAY, DAVID, JAMES · MANAGING DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) · 5–10%
- ListedLUCASSEN, JEFFREY, THEODORUS · CHIEF COMPLIANCE OFFICER / CHIEF OPERATING OFFICER, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) · 5–10% · control person
- ListedMAIN, GEORGE, IAIN PRENTICE · CEO, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) · 25–50% · control person
- ListedMOSCARITOLO, MICHELE · CHIEF FINANCIAL OFFICER, SHAREHOLDER (CLASS A COMMON SHARES) · Less than 5%
- ListedSHOSTACK, LISA, DEBORAH · MANAGING DIRECTOR & GENERAL COUNSEL, SHAREHOLDER (CLASS A COMMON SHARES) · Less than 5%
- ListedTHOURET, GRAHAM, FREDERICK · PRESIDENT, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) · 5–10% · control person
- ListedWRIGHT, WARREN, ARTHUR · CHIEF INVESTMENT OFFICER, DIRECTOR, SHAREHOLDER (CLASS A COMMON SHARES) · 10–25% · control person
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)
- ARAMARK$5.0M +637.8%
- CHARLES SCHWAB CORP (THE)$3.8M +434.0%
- MICROSOFT CORP$2.6M +71.7%
- FERGUSON ENTERPRISES INC$2.6M +328.5%
- APPLE INC$2.2M +10.7%
Top Trims
- WILLSCOT HLDGS CORP-$10.9M -41.8%
- ROCKWELL AUTOMATION INC-$7.1M -12.1%
- TCW STRATEGIC INCOME FD INC-$2.3M -38.8%
- ISHARES TR-$1.0M -5.8%
- MICRON TECHNOLOGY INC-$710.0K -6.9%
New Positions
- BOOKING HOLDINGS INC$3.0M
- ACCENTURE PLC IRELAND$3.0M
- AVERY DENNISON CORP$2.9M
- CAPITAL ONE FINL CORP$2.8M
- BECTON DICKINSON & CO$2.8M
Exited Positions
- EXXON MOBIL CORP$1.0M
- XOMA ROYALTY CORPORATION$425.0K
- OREILLY AUTOMOTIVE INC$335.7K
- GATES INDL CORP PLC$273.3K
- SMITH & NEPHEW PLC$238.7K
DIVERSIFIED MANAGEMENT INC Holdings (2026-09-30)
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 | ROCKWELL AUTOMATION INC | ROK | 773903109 | $51.5M | 8.99% | 118,358 | SH |
| 2 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $39.2M | 6.85% | 51,435 | SH |
| 3 | VANGUARD INDEX FDS | VOE | 922908512 | $28.5M | 4.97% | 145,688 | SH |
| 4 | APPLE INC | AAPL | 037833100 | $22.2M | 3.88% | 66,757 | SH |
| 5 | ISHARES TR | IWP | 464287481 | $17.9M | 3.13% | 130,240 | SH |
| 6 | ISHARES TR | IJH | 464287507 | $16.7M | 2.91% | 231,768 | SH |
| 7 | ISHARES TR | EFA | 464287465 | $15.8M | 2.75% | 151,846 | SH |
| 8 | ISHARES TR | IJR | 464287804 | $15.3M | 2.67% | 112,381 | SH |
| 9 | WILLSCOT HLDGS CORP | WSC | 971378104 | $15.2M | 2.66% | 885,530 | SH |
| 10 | INVESCO QQQ TR | QQQ | 46090E103 | $13.3M | 2.32% | 17,997 | SH |
| 11 | LISTED FDS TR | INFL | 53656F623 | $11.7M | 2.04% | 233,623 | SH |
| 12 | MICRON TECHNOLOGY INC | MU | 595112103 | $9.5M | 1.67% | 8,958 | SH |
| 13 | VANGUARD INDEX FDS | VBR | 922908611 | $8.5M | 1.49% | 36,924 | SH |
| 14 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $7.9M | 1.38% | 37,962 | SH |
| 15 | AMAZON COM INC | AMZN | 023135106 | $7.6M | 1.32% | 30,457 | SH |
| 16 | STATE STR SPDR S&P MIDCAP 40 | MDY | 78467Y107 | $7.2M | 1.26% | 10,982 | SH |
| 17 | T ROWE PRICE EXCHANGE-TRADED | TCAF | 87283Q867 | $6.3M | 1.11% | 149,786 | SH |
| 18 | MICROSOFT CORP | MSFT | 594918104 | $6.3M | 1.09% | 12,194 | SH |
| 19 | ARAMARK | ARMK | 03852U106 | $5.8M | 1.01% | 108,109 | SH |
| 20 | SOURCE CAPITAL | SOR | 836144303 | $5.5M | 0.97% | 122,077 | SH |
| 21 | VANGUARD INDEX FDS | VTI | 922908769 | $5.3M | 0.93% | 14,273 | SH |
| 22 | VANGUARD STAR FDS | VXUS | 921909768 | $5.2M | 0.91% | 61,150 | SH |
| 23 | ISHARES TR | IVV | 464287200 | $5.0M | 0.87% | 6,543 | SH |
| 24 | ISHARES TR | EFG | 464288885 | $5.0M | 0.86% | 41,319 | SH |
| 25 | CHARLES SCHWAB CORP (THE) | SCHW | 808513105 | $4.7M | 0.82% | 48,078 | SH |
| 26 | VANGUARD INDEX FDS | VBK | 922908595 | $4.6M | 0.80% | 13,566 | SH |
| 27 | VANGUARD SPECIALIZED FUNDS | VIG | 921908844 | $4.6M | 0.80% | 19,640 | SH |
| 28 | VANGUARD INDEX FDS | VOO | 922908363 | $4.0M | 0.71% | 5,770 | SH |
| 29 | TCW STRATEGIC INCOME FD INC | TSI | 872340104 | $3.6M | 0.63% | 834,352 | SH |
| 30 | WEC ENERGY GROUP INC | WEC | 92939U106 | $3.4M | 0.59% | 33,309 | SH |
| 31 | FERGUSON ENTERPRISES INC | FERG | 31488V107 | $3.4M | 0.59% | 15,070 | SH |
| 32 | SPDR GOLD TR | GLD | 78463V107 | $3.3M | 0.57% | 8,620 | SH |
| 33 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $3.2M | 0.57% | 6,523 | SH |
| 34 | ISHARES TR | IVW | 464287309 | $3.1M | 0.55% | 22,060 | SH |
| 35 | NVIDIA CORPORATION | NVDA | 67066G104 | $3.1M | 0.54% | 13,598 | SH |
| 36 | EA SERIES TRUST | MDLV | 02072L482 | $3.0M | 0.53% | 100,481 | SH |
| 37 | BOOKING HOLDINGS INC | BKNG | 09857L108 | $3.0M | 0.52% | 18,450 | SH |
| 38 | ACCENTURE PLC IRELAND | ACN | G1151C101 | $3.0M | 0.52% | 16,244 | SH |
| 39 | JOHNSON & JOHNSON | JNJ | 478160104 | $3.0M | 0.52% | 11,197 | SH |
| 40 | AVERY DENNISON CORP | AVY | 053611109 | $2.9M | 0.51% | 17,116 | SH |
| 41 | CAPITAL ONE FINL CORP | COF | 14040H105 | $2.8M | 0.49% | 14,480 | SH |
| 42 | BECTON DICKINSON & CO | BDX | 075887109 | $2.8M | 0.48% | 15,421 | SH |
| 43 | ISHARES TR | IJT | 464287887 | $2.7M | 0.47% | 16,688 | SH |
| 44 | INSIGHT ENTERPRISES INC | NSIT | 45765U103 | $2.6M | 0.46% | 16,703 | SH |
| 45 | CISCO SYS INC | CSCO | 17275R102 | $2.6M | 0.46% | 24,238 | SH |
| 46 | ALLEGION PLC | ALLE | G0176J109 | $2.4M | 0.42% | 15,515 | SH |
| 47 | ZIONS BANCORPORATION NATL AS | ZION | 989701107 | $2.4M | 0.42% | 38,051 | SH |
| 48 | CARRIER GLOBAL CORPORATION | CARR | 14448C104 | $2.4M | 0.41% | 42,945 | SH |
| 49 | VALVOLINE INC | VVV | 92047W101 | $2.3M | 0.41% | 77,329 | SH |
| 50 | PNC FINL SVCS GROUP INC | PNC | 693475105 | $2.3M | 0.41% | 10,480 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-08 | $572.9M | 236 | 0002085853-26-001105 |
| 2026-06-30 | 2026-07-10 | $468.1M | 171 | 0002085853-26-000682 |
| 2026-03-31 | 2026-04-09 | $583.2M | 262 | 0002085853-26-000302 |
| 2025-12-31 | 2026-01-26 | $428.5M | 177 | 0002085853-26-000080 |
Filer Information
Address
330 E. KILBOURN AVE.SUITE 1475
MILWAUKEE, WI 53202
Phone
(414) 292-1900
Filing Manager
DIVERSIFIED MANAGEMENT INC
MILWAUKEE, WI
Signatory
MICHAEL P. SCHMIDT
CHAIRMAN AND PRESIDENT