VULCAN VALUE PARTNERS, LLC

PrivateCIK: 1556785

Location

BIRMINGHAM, AL

Positions

$3.77B

Total AUM (reported)

32.57M

Total Shares

Allocation by class

EQUITY$3.77B100.0%

Portfolio Concentration

Top 3$1.19B31.5%

4–10$1.48B39.3%

11–25$951.34M25.2%

Rest$149.22M4.0%

Top 3 weight

31.5%

Top 10 weight

70.8%

Voting Authority Distribution

Total shares with voting rights: 32.57M

Sole

Full voting authority

18.82M

% of voting shares57.8%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

13.75M

% of voting shares42.2%

Investment Discretion (by position count)

Sole33

Shared0

Other0

Dominant voting typeSole · 57.8% of voting shares

Institutional Holdings33

Rows:

EVEREST GROUP LTD

SOLE

Equity

Shares1.36M

TypeSH

Market value$445.13M

11.80%

Sole

957.75K

Shared

0.00

None

404.12K

MICROSOFT CORP

SOLE

Equity

Shares1.11M

TypeSH

Market value$410.52M

10.88%

Sole

783.42K

Shared

0.00

None

325.57K

AMAZON COM INC

SOLE

Equity

Shares1.60M

TypeSH

Market value$332.37M

8.81%

Sole

1.14M

Shared

0.00

None

456.07K

UNITEDHEALTH GROUP INC

SOLE

Equity

Shares912.67K

TypeSH

Market value$246.96M

6.55%

Sole

609.09K

Shared

0.00

None

303.58K

RYAN SPECIALTY HOLDINGS INC

SOLE

Equity

Shares6.60M

TypeSH

Market value$222.53M

5.90%

Sole

4.32M

Shared

0.00

None

2.28M

TRANSUNION

SOLE

Equity

Shares3.21M

TypeSH

Market value$221.92M

5.88%

Sole

2.12M

Shared

0.00

None

1.08M

TRANSDIGM GROUP INC

SOLE

Equity

Shares184.23K

TypeSH

Market value$213.51M

5.66%

Sole

132.77K

Shared

0.00

None

51.46K

ALPHABET INC

SOLE

Equity

Shares676.56K

TypeSH

Market value$194.08M

5.14%

Sole

454.50K

Shared

0.00

None

222.05K

VISA INC

SOLE

Equity

Shares639.45K

TypeSH

Market value$193.27M

5.12%

Sole

452K

Shared

0.00

None

187.45K

MASTERCARD INCORPORATED

SOLE

Equity

Shares383.18K

TypeSH

Market value$191.46M

5.08%

Sole

269.45K

Shared

0.00

None

113.73K

ARES MANAGEMENT CORPORATION

SOLE

Equity

Shares1.69M

TypeSH

Market value$184.51M

4.89%

Sole

Shared

0.00

None

688.75K

MEDPACE HLDGS INC

SOLE

Equity

Shares203.07K

TypeSH

Market value$97.51M

2.58%

Sole

86.87K

Shared

0.00

None

116.19K

CARMAX INC

SOLE

Equity

Shares2.20M

TypeSH

Market value$91.68M

2.43%

Sole

888.24K

Shared

0.00

None

1.32M

ELEVANCE HEALTH INC FORMERLY

SOLE

Equity

Shares296.77K

TypeSH

Market value$86.88M

2.30%

Sole

112.25K

Shared

0.00

None

184.53K

TPG INC

SOLE

Equity

Shares1.99M

TypeSH

Market value$80.45M

2.13%

Sole

661.57K

Shared

0.00

None

1.32M

NICE LTD

SOLE

Equity

Shares572.31K

TypeSH

Market value$63.10M

1.67%

Sole

213.59K

Shared

0.00

None

358.72K

FISERV INC

SOLE

Equity

Shares1.09M

TypeSH

Market value$61.08M

1.62%

Sole

382.30K

Shared

0.00

None

712.36K

SERVICENOW INC

SOLE

Equity

Shares533.82K

TypeSH

Market value$55.81M

1.48%

Sole

157.02K

Shared

0.00

None

376.80K

IQVIA HLDGS INC

SOLE

Equity

Shares248.10K

TypeSH

Market value$42.31M

1.12%

Sole

96.67K

Shared

0.00

None

151.43K

HEICO CORP NEW

SOLE

Equity

Shares178.46K

TypeSH

Market value$37.67M

1.00%

Sole

68.84K

Shared

0.00

None

109.61K

SALESFORCE INC

SOLE

Equity

Shares196.80K

TypeSH

Market value$36.74M

0.97%

Sole

76.58K

Shared

0.00

None

120.23K

JONES LANG LASALLE INC

SOLE

Equity

Shares109.55K

TypeSH

Market value$33.34M

0.88%

Sole

39.07K

Shared

0.00

None

70.48K

COLLIERS INTL GROUP INC

SOLE

Equity

Shares255.32K

TypeSH

Market value$27.29M

0.72%

Sole

157.36K

Shared

0.00

None

97.96K

LITTELFUSE INC

SOLE

Equity

Shares78.11K

TypeSH

Market value$26.51M

0.70%

Sole

49.38K

Shared

0.00

None

28.72K

GENPACT LIMITED

SOLE

Equity

Shares710.31K

TypeSH

Market value$26.46M

0.70%

Sole

432.54K

Shared

0.00

None

277.78K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
EVEREST GROUP LTDSOLE	Equity	1.36M	SH	$445.13M 11.80%	957.75K	404.12K
MICROSOFT CORPSOLE	Equity	1.11M	SH	$410.52M 10.88%	783.42K	325.57K
AMAZON COM INCSOLE	Equity	1.60M	SH	$332.37M 8.81%	1.14M	456.07K
UNITEDHEALTH GROUP INCSOLE	Equity	912.67K	SH	$246.96M 6.55%	609.09K	303.58K
RYAN SPECIALTY HOLDINGS INCSOLE	Equity	6.60M	SH	$222.53M 5.90%	4.32M	2.28M
TRANSUNIONSOLE	Equity	3.21M	SH	$221.92M 5.88%	2.12M	1.08M
TRANSDIGM GROUP INCSOLE	Equity	184.23K	SH	$213.51M 5.66%	132.77K	51.46K
ALPHABET INCSOLE	Equity	676.56K	SH	$194.08M 5.14%	454.50K	222.05K
VISA INCSOLE	Equity	639.45K	SH	$193.27M 5.12%	452K	187.45K
MASTERCARD INCORPORATEDSOLE	Equity	383.18K	SH	$191.46M 5.08%	269.45K	113.73K
ARES MANAGEMENT CORPORATIONSOLE	Equity	1.69M	SH	$184.51M 4.89%	1M	688.75K
MEDPACE HLDGS INCSOLE	Equity	203.07K	SH	$97.51M 2.58%	86.87K	116.19K
CARMAX INCSOLE	Equity	2.20M	SH	$91.68M 2.43%	888.24K	1.32M
ELEVANCE HEALTH INC FORMERLYSOLE	Equity	296.77K	SH	$86.88M 2.30%	112.25K	184.53K
TPG INCSOLE	Equity	1.99M	SH	$80.45M 2.13%	661.57K	1.32M
NICE LTDSOLE	Equity	572.31K	SH	$63.10M 1.67%	213.59K	358.72K
FISERV INCSOLE	Equity	1.09M	SH	$61.08M 1.62%	382.30K	712.36K
SERVICENOW INCSOLE	Equity	533.82K	SH	$55.81M 1.48%	157.02K	376.80K
IQVIA HLDGS INCSOLE	Equity	248.10K	SH	$42.31M 1.12%	96.67K	151.43K
HEICO CORP NEWSOLE	Equity	178.46K	SH	$37.67M 1.00%	68.84K	109.61K
SALESFORCE INCSOLE	Equity	196.80K	SH	$36.74M 0.97%	76.58K	120.23K
JONES LANG LASALLE INCSOLE	Equity	109.55K	SH	$33.34M 0.88%	39.07K	70.48K
COLLIERS INTL GROUP INCSOLE	Equity	255.32K	SH	$27.29M 0.72%	157.36K	97.96K
LITTELFUSE INCSOLE	Equity	78.11K	SH	$26.51M 0.70%	49.38K	28.72K
GENPACT LIMITEDSOLE	Equity	710.31K	SH	$26.46M 0.70%	432.54K	277.78K

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