Filed: 11/14/2025ACC: 0000764532-25-000012
📋 What this filing means
FIDUCIARY MANAGEMENT INC /WI/ filed this quarterly 13F‑HR report disclosing 68 equity positions with a total reported market value of $9.88B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
68
Positions
$9.88B
Total AUM (reported)
134.16M
Total Shares
Allocation by class
COM$9.88B100.0%
Portfolio Concentration
Top 3$1.35B13.7%
4–10$1.73B17.5%
11–25$2.84B28.7%
Rest$3.96B40.1%
Top 3 weight
13.7%
Top 10 weight
31.2%
Voting Authority Distribution
Total shares with voting rights: 134.16M
Sole
Full voting authority
111.91M
shares
% of voting shares83.4%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
22.24M
shares
% of voting shares16.6%
Investment Discretion (by position count)
Sole68
Shared0
Other0
Dominant voting typeSole · 83.4% of voting shares
Institutional Holdings68
Rows:
Aramark
SOLEShares12.37M
TypeSH
Market value$475.02M
4.81%
Sole
10.16M
Shared
0.00
None
2.21M
Ferguson Enterprises
SOLEShares1.98M
TypeSH
Market value$445.03M
4.50%
Sole
1.57M
Shared
0.00
None
410.17K
Booking Holdings Inc
SOLEShares80.22K
TypeSH
Market value$433.10M
4.38%
Sole
65.17K
Shared
0.00
None
15.04K
Charles Schwab Corp
SOLEShares4.21M
TypeSH
Market value$401.64M
4.06%
Sole
3.13M
Shared
0.00
None
1.08M
Avery Dennison Corp.
SOLEShares1.51M
TypeSH
Market value$244.18M
2.47%
Sole
1.11M
Shared
0.00
None
393.92K
Carrier Global
SOLEShares3.77M
TypeSH
Market value$225.25M
2.28%
Sole
2.79M
Shared
0.00
None
979.04K
Becton Dickinson
SOLEShares1.19M
TypeSH
Market value$222.77M
2.25%
Sole
880K
Shared
0.00
None
310.19K
Quest Diagnostics
SOLEShares1.15M
TypeSH
Market value$218.70M
2.21%
Sole
851.05K
Shared
0.00
None
296.48K
Alphabet Inc - Cl A
SOLEShares868.09K
TypeSH
Market value$211.03M
2.14%
Sole
642.99K
Shared
0.00
None
225.09K
CSX Corp
SOLEShares5.85M
TypeSH
Market value$207.90M
2.10%
Sole
4.35M
Shared
0.00
None
1.51M
Arrow Electronics Inc.
SOLEShares1.69M
TypeSH
Market value$204.82M
2.07%
Sole
1.55M
Shared
0.00
None
140.96K
FirstCash Inc.
SOLEShares1.28M
TypeSH
Market value$203.49M
2.06%
Sole
1.18M
Shared
0.00
None
105.92K
Masco Corp
SOLEShares2.89M
TypeSH
Market value$203.42M
2.06%
Sole
2.15M
Shared
0.00
None
741.59K
Donaldson Co. Inc.
SOLEShares2.48M
TypeSH
Market value$202.63M
2.05%
Sole
2.27M
Shared
0.00
None
204.10K
Koninklijke Philips NV
SOLEShares7.18M
TypeSH
Market value$195.71M
1.98%
Sole
5.33M
Shared
0.00
None
1.84M
Plexus Corp
SOLEShares1.35M
TypeSH
Market value$195.53M
1.98%
Sole
1.24M
Shared
0.00
None
113.46K
Sysco Corp.
SOLEShares2.30M
TypeSH
Market value$189.22M
1.91%
Sole
1.71M
Shared
0.00
None
590.40K
Unilever PLC ADR
SOLEShares3.16M
TypeSH
Market value$187.22M
1.89%
Sole
2.35M
Shared
0.00
None
810.75K
Berkshire Hath. Cl B
SOLEShares371.44K
TypeSH
Market value$186.74M
1.89%
Sole
275.28K
Shared
0.00
None
96.16K
Carlisle Cos. Inc.
SOLEShares565.07K
TypeSH
Market value$185.88M
1.88%
Sole
471.26K
Shared
0.00
None
93.81K
Gates Industrial
SOLEShares7.40M
TypeSH
Market value$183.76M
1.86%
Sole
6.79M
Shared
0.00
None
615.38K
Primerica Inc.
SOLEShares640.26K
TypeSH
Market value$177.73M
1.80%
Sole
586.71K
Shared
0.00
None
53.55K
CDW Corp
SOLEShares1.11M
TypeSH
Market value$177.28M
1.79%
Sole
821.24K
Shared
0.00
None
291.76K
Sony Group Corp.
SOLEShares6.06M
TypeSH
Market value$174.38M
1.76%
Sole
4.48M
Shared
0.00
None
1.58M
Zions Bancorporation
SOLEShares3.03M
TypeSH
Market value$171.40M
1.73%
Sole
2.78M
Shared
0.00
None
252.22K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
AramarkSOLE | COM | 12.37M | SH | $475.02M 4.81% | 10.16M | 0.00 | 2.21M |
Ferguson EnterprisesSOLE | COM | 1.98M | SH | $445.03M 4.50% | 1.57M | 0.00 | 410.17K |
Booking Holdings IncSOLE | COM | 80.22K | SH | $433.10M 4.38% | 65.17K | 0.00 | 15.04K |
Charles Schwab CorpSOLE | COM | 4.21M | SH | $401.64M 4.06% | 3.13M | 0.00 | 1.08M |
Avery Dennison Corp.SOLE | COM | 1.51M | SH | $244.18M 2.47% | 1.11M | 0.00 | 393.92K |
Carrier GlobalSOLE | COM | 3.77M | SH | $225.25M 2.28% | 2.79M | 0.00 | 979.04K |
Becton DickinsonSOLE | COM | 1.19M | SH | $222.77M 2.25% | 880K | 0.00 | 310.19K |
Quest DiagnosticsSOLE | COM | 1.15M | SH | $218.70M 2.21% | 851.05K | 0.00 | 296.48K |
Alphabet Inc - Cl ASOLE | COM | 868.09K | SH | $211.03M 2.14% | 642.99K | 0.00 | 225.09K |
CSX CorpSOLE | COM | 5.85M | SH | $207.90M 2.10% | 4.35M | 0.00 | 1.51M |
Arrow Electronics Inc.SOLE | COM | 1.69M | SH | $204.82M 2.07% | 1.55M | 0.00 | 140.96K |
FirstCash Inc.SOLE | COM | 1.28M | SH | $203.49M 2.06% | 1.18M | 0.00 | 105.92K |
Masco CorpSOLE | COM | 2.89M | SH | $203.42M 2.06% | 2.15M | 0.00 | 741.59K |
Donaldson Co. Inc.SOLE | COM | 2.48M | SH | $202.63M 2.05% | 2.27M | 0.00 | 204.10K |
Koninklijke Philips NVSOLE | COM | 7.18M | SH | $195.71M 1.98% | 5.33M | 0.00 | 1.84M |
Plexus CorpSOLE | COM | 1.35M | SH | $195.53M 1.98% | 1.24M | 0.00 | 113.46K |
Sysco Corp.SOLE | COM | 2.30M | SH | $189.22M 1.91% | 1.71M | 0.00 | 590.40K |
Unilever PLC ADRSOLE | COM | 3.16M | SH | $187.22M 1.89% | 2.35M | 0.00 | 810.75K |
Berkshire Hath. Cl BSOLE | COM | 371.44K | SH | $186.74M 1.89% | 275.28K | 0.00 | 96.16K |
Carlisle Cos. Inc.SOLE | COM | 565.07K | SH | $185.88M 1.88% | 471.26K | 0.00 | 93.81K |
Gates IndustrialSOLE | COM | 7.40M | SH | $183.76M 1.86% | 6.79M | 0.00 | 615.38K |
Primerica Inc.SOLE | COM | 640.26K | SH | $177.73M 1.80% | 586.71K | 0.00 | 53.55K |
CDW CorpSOLE | COM | 1.11M | SH | $177.28M 1.79% | 821.24K | 0.00 | 291.76K |
Sony Group Corp.SOLE | COM | 6.06M | SH | $174.38M 1.76% | 4.48M | 0.00 | 1.58M |
Zions BancorporationSOLE | COM | 3.03M | SH | $171.40M 1.73% | 2.78M | 0.00 | 252.22K |
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