Wallace Capital Management Inc.
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| GRAHAM HLDGS CO | GHC | $178.5M | 156,376 | +0.74pp | 31q | +0.8%+$1.5M | |
| WHITE MTNS INS GROUP LTD | WTM | $166.0M | 80,067 | -1.68pp | 31q | +1.6%+$2.6M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $131.8M | 263,465 | +1.14pp | 31q | +8.9%+$10.8M | |
| PEOPLE INC | PPLI | $52.1M | 1,127,772 | +0.56pp | 4q | +0.8%+$392.1K | |
| U HAUL HOLDING COMPANY | UHALB | $32.2M | 557,360 | +0.75pp | 2q | +2.9%+$892.6K | |
| SEABOARD CORP DEL | SEB | $30.7M | 6,871 | -1.44pp | 6q | -7.1%-$2.3M | |
| LOEWS CORP | L | $27.7M | 244,525 | -0.12pp | 31q | -5.0%-$1.4M | |
| JOHNSON & JOHNSON | JNJ | $26.7M | 105,306 | -0.39pp | 31q | -11.0%-$3.3M | |
| MOHAWK INDS INC | MHK | $26.5M | 218,805 | +0.49pp | 26q | +2.4%+$611.5K | |
| AFFILIATED MANAGERS GROUP | AMG | $19.7M | 58,334 | +0.17pp | 28q | -7.2%-$1.5M | |
| MOLSON COORS BEVERAGE CO | TAP | $17.4M | 445,346 | -0.35pp | 8q | -2.4%-$431.6K | |
| INGLES MKTS INC | IMKTA | $17.0M | 192,195 | -0.12pp | 4q | HELD | |
| CNX RES CORP | CNX | $16.9M | 496,627 | -0.03pp | 17q | +17.2%+$2.5M | |
| POST HLDGS INC | POST | $16.5M | 186,530 | +0.46pp | 24q | +57.9%+$6.0M | |
| REPUBLIC SVCS INC | RSG | $16.5M | 77,246 | -0.21pp | 31q | -3.6%-$614.3K | |
| LIBERTY GLOBAL LTD | LBTYA | $15.3M | 1,342,309 | -0.11pp | 11q | +4.3%+$626.2K | |
| HEARTLAND EXPRESS INC | HTLD | $14.7M | 965,007 | +0.45pp | 4q | -0.6%-$92.2K | |
| ZOETIS INC | ZTS | $14.2M | 197,251 | +1.51pp | 29q | +5550.3%+$13.9M | |
| UNILEVER PLC | UL | $12.1M | 200,651 | +0.13pp | 3q | +10.5%+$1.1M | |
| JOHNSON OUTDOORS INC | JOUT | $11.4M | 248,207 | -0.08pp | 25q | HELD | |
| LIBERTY CAP CORP | GLIBK | $10.6M | 492,557 | -1.05pp | 4q | -5.1%-$570.1K | |
| APPLE INC | AAPL | $3.8M | 12,969 | +0.05pp | 23q | +5.1%+$180.6K | |
| PROCTER & GAMBLE CO | PG | $3.5M | 24,139 | -0.02pp | 31q | -1.7%-$62.0K | |
| ALPHABET INC | GOOG | $3.3M | 9,462 | +0.09pp | 13q | +14.8%+$430.0K | |
| LIBERTY GLOBAL LTD | LBTYK | $3.2M | 289,811 | -0.10pp | 11q | -13.7%-$508.1K | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $3.0M | 4 | -0.83pp | 31q | -71.4%-$7.5M | |
| U HAUL HOLDING COMPANY | UHAL | $3.0M | 45,170 | +0.07pp | 2q | -3.2%-$96.5K | |
| COCA COLA CO | KO | $2.1M | 26,328 | -0.10pp | 31q | -30.6%-$943.7K | |
| LIBERTY BROADBAND CORP | LBRDK | $1.8M | 54,758 | -0.15pp | 31q | -10.5%-$214.7K | |
| STATE STR SPDR S&P 500 ETF T | SPY | $1.6M | 2,205 | -0.05pp | 11q | -27.8%-$632.5K | |
| SIRIUSXM HOLDINGS INC | SIRI | $1.6M | 53,407 | +0.03pp | 8q | HELD | |
| MERCK & CO INC | MRK | $1.5M | 11,829 | -0.06pp | 31q | -29.4%-$634.3K | |
| TRIPADVISOR INC | TRIP | $1.5M | 108,543 | -0.03pp | 26q | -30.2%-$644.9K | |
| MONDELEZ INTL INC | MDLZ | $1.5M | 25,697 | -0.02pp | 31q | -7.9%-$127.1K | |
| MICROSOFT CORP | MSFT | $1.5M | 3,954 | +0.02pp | 13q | +17.1%+$215.2K | |
| ALPHABET INC | GOOGL | $1.5M | 4,059 | +0.04pp | 13q | +12.7%+$163.3K | |
| VISA INC | V | $1.4M | 4,222 | +0.04pp | 30q | +24.3%+$283.0K | |
| MASTERCARD INCORPORATED | MA | $1.3M | 2,478 | flat | 31q | HELD | |
| HERSHEY CO | HSY | $1.2M | 6,835 | -0.04pp | 31q | -2.4%-$29.8K | |
| LIBERTY LIVE HOLDINGS INC | LLYVK | $1.2M | 11,330 | +0.01pp | 3q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $1.2M | 8,442 | -0.05pp | 22q | -6.4%-$78.5K | |
| JPMORGAN CHASE & CO | JPM | $1.2M | 3,515 | +0.05pp | 23q | +47.1%+$368.3K | |
| VANGUARD INDEX FDS | VOO | $1.0M | 1,492 | +0.01pp | 11q | +2.1%+$21.3K | |
| PHILIP MORRIS INTL INC | PM | $1.0M | 5,639 | +0.05pp | 31q | +60.6%+$385.0K | |
| UNITEDHEALTH GROUP INC | UNH | $880.7K | 2,119 | +0.03pp | 13q | HELD | |
| ELI LILLY & CO | LLY | $867.2K | 723 | +0.05pp | 31q | +55.5%+$309.5K | |
| COLGATE PALMOLIVE CO | CL | $800.8K | 8,735 | -0.01pp | 31q | -9.2%-$80.7K | |
| CLOROX CO DEL | CLX | $784.1K | 8,216 | -0.03pp | 31q | -14.9%-$137.0K | |
| CABLE ONE INC | CABO | $614.3K | 11,567 | -0.06pp | 31q | -2.0%-$12.3K | |
| HINGHAM INSTN SVGS MASS | HIFS | $614.3K | 2,000 | +0.03pp | 8q | +100.0%+$307.1K | |
| RTX CORPORATION | RTX | $564.4K | 2,975 | +0.04pp | 4q | +163.0%+$349.9K | |
| PIPER SANDLER COMPANIES | PIPR | $549.8K | 7,600 | -0.01pp | 2q | HELD | |
| ABBVIE INC | ABBV | $544.8K | 2,165 | +0.02pp | 9q | +29.2%+$123.1K | |
| ISHARES TR | ITOT | $542.1K | 3,300 | - | new | NEW | |
| ENBRIDGE INC | ENB | $479.5K | 8,846 | -0.01pp | 10q | -12.4%-$67.8K | |
| AMPHENOL CORP | APH | $458.4K | 2,600 | +0.01pp | 8q | -8.8%-$44.1K | |
| ALTRIA GROUP INC | MO | $451.8K | 6,280 | - | new | NEW | |
| KRAFT HEINZ CO | KHC | $434.1K | 18,377 | flat | 31q | -1.0%-$4.5K | |
| AMGEN INC | AMGN | $424.0K | 1,171 | +0.02pp | 3q | +62.9%+$163.7K | |
| AUTOMATIC DATA PROCESSING IN | ADP | $394.2K | 1,760 | flat | 31q | HELD | |
| CHEVRON CORPORATION | CVX | $363.8K | 2,195 | -0.01pp | 10q | HELD | |
| MACYS INC | M | $352.1K | 14,952 | +0.01pp | 3q | HELD | |
| GENERAL MILLS INC | GIS | $348.0K | 10,000 | +0.02pp | 31q | +85.2%+$160.1K | |
| MAGNUM ICE CREAM CO NV | MICC | $344.5K | 19,789 | -0.02pp | 3q | -37.4%-$205.6K | |
| MARSH & MCLENNAN COS INC | MRSH | $335.0K | 2,010 | flat | 30q | HELD | |
| MCDONALDS CORP | MCD | $300.0K | 1,110 | -0.01pp | 31q | -6.0%-$19.2K | |
| VANGUARD TAX-MANAGED FDS | VEA | $275.2K | 3,862 | flat | 11q | HELD | |
| ISHARES TR | IVV | $269.9K | 360 | flat | 6q | HELD | |
| PROGRESSIVE CORP | PGR | $268.9K | 1,231 | flat | 10q | HELD | |
| DIMENSIONAL ETF TRUST | DFUV | $251.2K | 4,567 | flat | 4q | HELD | |
| INVESCO QQQ TR | QQQ | $250.9K | 341 | - | new | NEW | |
| VANGUARD INDEX FDS | VO | $230.4K | 2,860 | flat | 6q | +273.9%+$168.8K | |
| THERMO FISHER SCIENTIFIC INC | TMO | $225.6K | 450 | flat | 4q | HELD | |
| GOLDMAN SACHS GROUP INC | GS | $222.5K | 220 | -0.01pp | 8q | -30.4%-$97.1K | |
| BOOKING HOLDINGS INC | BKNG | $213.9K | 1,200 | flat | 8q | +2400.0%+$205.3K | |
| VODAFONE GROUP PLC | VOD | $198.4K | 15,000 | flat | 10q | HELD | |
| HALEON PLC | HLN | $110.4K | 11,836 | -0.01pp | 16q | -41.4%-$78.1K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Insurance | $330.0M | 36.2% |
| Business Services | $216.3M | 23.7% |
| Software & IT Services | $60.2M | 6.6% |
| Biotech & Pharma | $44.3M | 4.9% |
| Retail & Consumer | $44.2M | 4.8% |
| Food, Drink & Tobacco | $41.2M | 4.5% |
| Telecom & Media | $34.5M | 3.8% |
| Wholesale & Distribution | $30.7M | 3.4% |
| Capital Markets | $20.5M | 2.2% |
| Chemicals | $17.3M | 1.9% |
| Energy | $17.2M | 1.9% |
| Utilities | $16.5M | 1.8% |
| Other sectors | $34.9M | 3.8% |
| Not classified | $4.4M | 0.5% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $912.1M | 77 | 3 | 27 | 30 | 1 | 75.9% | 45 |
| Q1 2026 | $870.8M | 75 | 4 | 11 | 42 | 4 | 75.9% | 45 |
| Q4 2025 | $830.5M | 75 | 6 | 16 | 35 | 8 | 77.9% | 48 |
| Q3 2025 | $804.7M | 77 | 8 | 5 | 32 | 3 | 77.7% | 45 |
| Q2 2025 | $733.9M | 72 | 3 | 6 | 41 | 14 | 78.5% | 45 |
| Q1 2025 | $781.0M | 83 | 7 | 14 | 28 | 5 | 78.6% | 45 |
| Q4 2024 | $731.8M | 81 | 5 | 12 | 35 | 9 | 77.5% | 45 |
| Q3 2024 | $738.5M | 85 | 12 | 23 | 24 | 6 | 77.4% | 45 |
| Q2 2024 | $690.0M | 79 | 4 | 17 | 32 | 2 | 76.9% | 47 |
| Q1 2024 | $733.1M | 77 | 6 | 18 | 28 | 5 | 75.1% | 45 |
| Q4 2023 | $672.5M | 76 | 6 | 8 | 37 | 7 | 74.6% | 45 |
| Q3 2023 | $651.5M | 77 | 4 | 9 | 34 | 9 | 73.6% | 45 |
| Q2 2023 | $647.9M | 82 | 18 | 13 | 28 | 0 | 71.2% | 45 |
| Q1 2023 | $610.1M | 64 | 0 | 9 | 24 | 2 | 73.2% | 45 |
| Q4 2022 | $638.3M | 66 | 1 | 8 | 38 | 1 | 71.5% | 45 |
| Q3 2022 | $600.2M | 66 | 2 | 15 | 29 | 8 | 71.7% | 45 |
| Q2 2022 | $664.1M | 72 | 2 | 16 | 21 | 0 | 69.5% | 43 |
| Q1 2022 | $663.7M | 70 | 3 | 17 | 17 | 5 | 69.1% | 46 |
| Q4 2021 | $713.6M | 72 | 4 | 16 | 35 | 3 | 68.7% | 45 |
| Q3 2021 | $737.0M | 71 | 3 | 18 | 24 | 0 | 67.8% | 46 |
| Q2 2021 | $762.4M | 68 | 1 | 19 | 7 | 2 | 67.2% | 47 |
| Q1 2021 | $762.9M | 69 | 4 | 22 | 16 | 1 | 66.7% | 47 |
| Q4 2020 | $658.5M | 66 | 5 | 10 | 39 | 3 | 67.7% | 47 |
| Q3 2020 | $569.9M | 64 | 4 | 7 | 35 | 1 | 67.0% | 47 |
| Q2 2020 | $547.3M | 61 | 4 | 6 | 32 | 3 | 68.1% | 45 |
| Q1 2020 | $520.9M | 60 | 8 | 16 | 15 | 11 | 70.4% | 44 |
| Q4 2019 | $727.9M | 63 | 5 | 5 | 41 | 5 | 65.0% | 45 |
| Q3 2019 | $763.3M | 63 | 5 | 5 | 33 | 8 | 63.9% | 45 |
| Q2 2019 | $759.5M | 66 | 4 | 10 | 24 | 1 | 62.1% | 43 |
| Q1 2019 | $723.3M | 63 | 3 | 15 | 17 | 4 | 61.8% | 44 |
| Q4 2018 | $688.7M | 64 | 0 | 0 | 0 | 0 | 61.7% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.