FIDUCIARY MANAGEMENT INC /WI/

PrivateCIK: 764532

Location

MILWAUKEE, WI

Positions

$8.06B

Total AUM (reported)

104.44M

Total Shares

Allocation by class

COM$8.06B100.0%

Portfolio Concentration

Top 3$1.15B14.3%

4–10$1.48B18.3%

11–25$2.30B28.6%

Rest$3.13B38.8%

Top 3 weight

14.3%

Top 10 weight

32.6%

Voting Authority Distribution

Total shares with voting rights: 104.44M

Sole

Full voting authority

86.98M

% of voting shares83.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

17.46M

% of voting shares16.7%

Investment Discretion (by position count)

Sole62

Shared0

Other0

Dominant voting typeSole · 83.3% of voting shares

Institutional Holdings62

Rows:

Aramark

SOLE

COM

Shares10.59M

TypeSH

Market value$429.23M

5.33%

Sole

8.61M

Shared

0.00

None

1.97M

Booking Holdings Inc

SOLE

COM

Shares93.91K

TypeSH

Market value$395.40M

4.91%

Sole

77.96K

Shared

0.00

None

15.95K

Charles Schwab Corp

SOLE

COM

Shares3.47M

TypeSH

Market value$325.69M

4.04%

Sole

2.58M

Shared

0.00

None

882.66K

Ferguson Enterprises

SOLE

COM

Shares1.34M

TypeSH

Market value$311.95M

3.87%

Sole

1.07M

Shared

0.00

None

263.05K

Avery Dennison Corp.

SOLE

COM

Shares1.25M

TypeSH

Market value$216.29M

2.68%

Sole

931.72K

Shared

0.00

None

320.81K

Carrier Global

SOLE

COM

Shares3.57M

TypeSH

Market value$200.88M

2.49%

Sole

2.66M

Shared

0.00

None

906.09K

Becton Dickinson

SOLE

COM

Shares1.24M

TypeSH

Market value$194.93M

2.42%

Sole

921.65K

Shared

0.00

None

318.10K

Accenture PLC

SOLE

COM

Shares962.37K

TypeSH

Market value$190.83M

2.37%

Sole

714.47K

Shared

0.00

None

247.90K

White Mountains Ins.

SOLE

COM

Shares85.07K

TypeSH

Market value$186.89M

2.32%

Sole

75.84K

Shared

0.00

None

9.23K

CDW Corp

SOLE

COM

Shares1.44M

TypeSH

Market value$174.67M

2.17%

Sole

1.07M

Shared

0.00

None

373.43K

Primerica Inc.

SOLE

COM

Shares692.02K

TypeSH

Market value$173.34M

2.15%

Sole

617.86K

Shared

0.00

None

74.16K

FirstCash Inc.

SOLE

COM

Shares912.05K

TypeSH

Market value$171.47M

2.13%

Sole

813.61K

Shared

0.00

None

98.44K

Carlisle Cos. Inc.

SOLE

COM

Shares493.74K

TypeSH

Market value$164.72M

2.04%

Sole

407.61K

Shared

0.00

None

86.13K

Valvoline Inc.

SOLE

COM

Shares4.83M

TypeSH

Market value$162.64M

2.02%

Sole

4.31M

Shared

0.00

None

516.88K

Zions Bancorporation

SOLE

COM

Shares2.79M

TypeSH

Market value$160.64M

1.99%

Sole

2.49M

Shared

0.00

None

298.35K

AptarGroup Inc.

SOLE

COM

Shares1.25M

TypeSH

Market value$157.82M

1.96%

Sole

1.12M

Shared

0.00

None

133.97K

Gates Industrial

SOLE

COM

Shares6.65M

TypeSH

Market value$150.45M

1.87%

Sole

5.94M

Shared

0.00

None

718.93K

Arrow Electronics Inc.

SOLE

COM

Shares1.05M

TypeSH

Market value$150.36M

1.87%

Sole

935.97K

Shared

0.00

None

112.47K

Allegion PLC

SOLE

COM

Shares1.03M

TypeSH

Market value$150.09M

1.86%

Sole

765.21K

Shared

0.00

None

267.81K

Berkshire Hath. Cl B

SOLE

COM

Shares304.65K

TypeSH

Market value$145.99M

1.81%

Sole

226.10K

Shared

0.00

None

78.55K

FTI Consulting Inc

SOLE

COM

Shares823.71K

TypeSH

Market value$145.61M

1.81%

Sole

734.80K

Shared

0.00

None

88.92K

Henry Schein Inc.

SOLE

COM

Shares1.95M

TypeSH

Market value$144.02M

1.79%

Sole

1.75M

Shared

0.00

None

208.74K

OneMain Holdings

SOLE

COM

Shares2.68M

TypeSH

Market value$143.54M

1.78%

Sole

2.39M

Shared

0.00

None

288.47K

Masco Corp

SOLE

COM

Shares2.37M

TypeSH

Market value$143.01M

1.77%

Sole

1.76M

Shared

0.00

None

606.12K

Quest Diagnostics

SOLE

COM

Shares720.99K

TypeSH

Market value$141.30M

1.75%

Sole

534.26K

Shared

0.00

None

186.73K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
AramarkSOLE	COM	10.59M	SH	$429.23M 5.33%	8.61M	1.97M
Booking Holdings IncSOLE	COM	93.91K	SH	$395.40M 4.91%	77.96K	15.95K
Charles Schwab CorpSOLE	COM	3.47M	SH	$325.69M 4.04%	2.58M	882.66K
Ferguson EnterprisesSOLE	COM	1.34M	SH	$311.95M 3.87%	1.07M	263.05K
Avery Dennison Corp.SOLE	COM	1.25M	SH	$216.29M 2.68%	931.72K	320.81K
Carrier GlobalSOLE	COM	3.57M	SH	$200.88M 2.49%	2.66M	906.09K
Becton DickinsonSOLE	COM	1.24M	SH	$194.93M 2.42%	921.65K	318.10K
Accenture PLCSOLE	COM	962.37K	SH	$190.83M 2.37%	714.47K	247.90K
White Mountains Ins.SOLE	COM	85.07K	SH	$186.89M 2.32%	75.84K	9.23K
CDW CorpSOLE	COM	1.44M	SH	$174.67M 2.17%	1.07M	373.43K
Primerica Inc.SOLE	COM	692.02K	SH	$173.34M 2.15%	617.86K	74.16K
FirstCash Inc.SOLE	COM	912.05K	SH	$171.47M 2.13%	813.61K	98.44K
Carlisle Cos. Inc.SOLE	COM	493.74K	SH	$164.72M 2.04%	407.61K	86.13K
Valvoline Inc.SOLE	COM	4.83M	SH	$162.64M 2.02%	4.31M	516.88K
Zions BancorporationSOLE	COM	2.79M	SH	$160.64M 1.99%	2.49M	298.35K
AptarGroup Inc.SOLE	COM	1.25M	SH	$157.82M 1.96%	1.12M	133.97K
Gates IndustrialSOLE	COM	6.65M	SH	$150.45M 1.87%	5.94M	718.93K
Arrow Electronics Inc.SOLE	COM	1.05M	SH	$150.36M 1.87%	935.97K	112.47K
Allegion PLCSOLE	COM	1.03M	SH	$150.09M 1.86%	765.21K	267.81K
Berkshire Hath. Cl BSOLE	COM	304.65K	SH	$145.99M 1.81%	226.10K	78.55K
FTI Consulting IncSOLE	COM	823.71K	SH	$145.61M 1.81%	734.80K	88.92K
Henry Schein Inc.SOLE	COM	1.95M	SH	$144.02M 1.79%	1.75M	208.74K
OneMain HoldingsSOLE	COM	2.68M	SH	$143.54M 1.78%	2.39M	288.47K
Masco CorpSOLE	COM	2.37M	SH	$143.01M 1.77%	1.76M	606.12K
Quest DiagnosticsSOLE	COM	720.99K	SH	$141.30M 1.75%	534.26K	186.73K

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