COOKE & BIELER LP
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| GILDAN ACTIVEWEAR INC | GIL | $336.5M | 6,521,892 | -0.09pp | 31q | +3.1%+$10.2M | |
| RB GLOBAL INC | RBA | $288.8M | 2,479,885 | +0.63pp | 13q | -0.9%-$2.6M | |
| RENAISSANCERE HLDGS LTD | RNR | $246.1M | 776,599 | +0.01pp | 23q | -7.8%-$20.8M | |
| FIDELITY NATL FINL INC | FNF | $225.0M | 4,770,774 | +0.08pp | 31q | -1.0%-$2.2M | |
| ARCH CAP GROUP LTD | ACGL | $215.4M | 2,219,448 | +0.06pp | 4q | -0.8%-$1.8M | |
| CROWN CASTLE INC | CCI | $206.5M | 2,727,278 | -0.14pp | 11q | -1.0%-$2.1M | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $197.5M | 2,655,707 | +0.23pp | 2q | -5.7%-$12.0M | |
| PPG INDS INC | PPG | $193.0M | 1,591,403 | +0.68pp | 7q | +24.0%+$37.4M | |
| LABCORP HOLDINGS INC | LH | $187.4M | 669,178 | +0.13pp | 9q | -0.7%-$1.4M | |
| GALLAGHER ARTHUR J & CO | AJG | $176.7M | 769,623 | +0.52pp | 2q | +23.6%+$33.7M | |
| WHITE MTNS INS GROUP LTD | WTM | $176.5M | 85,120 | -0.56pp | 7q | -18.8%-$40.9M | |
| BECTON DICKINSON & CO | BDX | $172.0M | 1,136,526 | -0.05pp | 31q | -1.0%-$1.8M | |
| CHARLES RIV LABS INTL INC | CRL | $171.4M | 755,630 | +0.29pp | 8q | -12.9%-$25.5M | |
| OMNICOM GROUP INC | OMC | $165.0M | 2,265,219 | -0.04pp | 31q | -0.8%-$1.3M | |
| BROOKFIELD CORP | BN | $148.1M | 3,477,413 | +0.10pp | 15q | -1.2%-$1.8M | |
| FISERV INC | FISV | $145.9M | 2,973,969 | +0.11pp | 4q | +18.9%+$23.1M | |
| DISNEY WALT CO | DIS | $145.7M | 1,513,410 | +0.10pp | 7q | +4.3%+$5.9M | |
| UNITEDHEALTH GROUP INC | UNH | $138.2M | 332,455 | +0.56pp | 31q | -1.5%-$2.2M | |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $137.4M | 3,064,050 | +0.04pp | 15q | -0.7%-$958.8K | |
| VALVOLINE INC | VVV | $137.3M | 3,473,065 | +0.02pp | 5q | -15.7%-$25.5M | |
| AERCAP HOLDINGS NV | AER | $135.3M | 927,931 | +0.11pp | 31q | -0.9%-$1.2M | |
| RYMAN HOSPITALITY PPTYS INC | RHP | $135.1M | 1,051,051 | +0.17pp | 7q | -21.1%-$36.2M | |
| WOODWARD INC | WWD | $134.9M | 317,057 | +0.16pp | 31q | -8.6%-$12.7M | |
| CBRE GROUP INC | CBRE | $133.8M | 993,756 | +0.41pp | 16q | +34.3%+$34.2M | |
| ARAMARK | ARMK | $132.5M | 2,329,401 | -0.21pp | 3q | -38.7%-$83.6M | |
| ALLEGION PLC | ALLE | $128.6M | 915,070 | +0.45pp | 6q | +45.3%+$40.1M | |
| TELEFLEX INCORPORATED | TFX | $128.2M | 1,011,666 | -0.06pp | 14q | -11.5%-$16.6M | |
| CONOCOPHILLIPS | COP | $127.0M | 1,221,187 | -0.38pp | 13q | -1.3%-$1.7M | |
| MSA SAFETY INC | MSA | $126.6M | 725,229 | -0.10pp | 9q | -14.2%-$21.0M | |
| ESAB CORPORATION | ESAB | $125.2M | 1,269,727 | +0.35pp | 17q | +26.3%+$26.1M | |
| WARNER MUSIC GROUP CORP | WMG | $125.1M | 4,620,824 | +0.07pp | 15q | -3.1%-$4.1M | |
| CARLISLE COS INC | CSL | $118.3M | 326,131 | +0.32pp | 6q | +17.4%+$17.5M | |
| GLACIER BANCORP INC NEW | GBCI | $118.2M | 2,291,137 | -0.08pp | 31q | -19.9%-$29.3M | |
| CHUBB LIMITED | CB | $117.2M | 343,888 | +0.07pp | 31q | -1.7%-$2.0M | |
| AVERY DENNISON CORP | AVY | $116.8M | 719,495 | +0.30pp | 3q | +33.7%+$29.4M | |
| MIDDLEBY CORP | MIDD | $108.7M | 631,996 | +0.43pp | 3q | +15.0%+$14.2M | |
| OCCIDENTAL PETE CORP | OXY | $107.8M | 2,219,769 | -0.40pp | 10q | -0.7%-$806.0K | |
| ESSENT GROUP LTD | ESNT | $106.1M | 1,650,122 | -0.09pp | 30q | -16.9%-$21.6M | |
| BANK OF AMER CORP | BAC | $104.8M | 1,839,377 | +0.18pp | 14q | -1.5%-$1.5M | |
| INGREDION INC | INGR | $98.3M | 1,037,422 | -0.32pp | 21q | -9.3%-$10.0M | |
| HASBRO INC | HAS | $97.0M | 1,173,995 | -0.24pp | 21q | -8.8%-$9.4M | |
| LKQ CORP | LKQ | $96.0M | 3,644,136 | -0.11pp | 14q | HELD | |
| LITHIA MTRS INC | LAD | $89.0M | 306,231 | +0.05pp | 2q | -11.6%-$11.7M | |
| KRAFT HEINZ CO | KHC | $87.6M | 3,708,082 | +0.02pp | 19q | -5.4%-$5.0M | |
| EOG RES INC | EOG | $86.2M | 664,173 | -0.09pp | 16q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $80.8M | 1,908,717 | -0.17pp | 31q | -1.6%-$1.3M | |
| WATERS CORP | WAT | $78.7M | 209,736 | flat | 2q | -22.0%-$22.2M | |
| API GROUP CORP | APG | $75.7M | 1,787,528 | +0.05pp | 14q | -0.9%-$684.5K | |
| UNILEVER PLC | UL | $74.0M | 1,231,189 | +0.39pp | 3q | +71.9%+$31.0M | |
| AUTOMATIC DATA PROCESSING IN | ADP | $73.7M | 329,078 | +0.15pp | 2q | +8.0%+$5.5M | |
| DENTSPLY SIRONA INC | XRAY | $73.5M | 6,927,915 | -0.17pp | 20q | -11.2%-$9.3M | |
| MKS INC. | MKSI | $73.5M | 165,227 | +0.30pp | 29q | -21.3%-$19.9M | |
| M & T BK CORP | MTB | $71.3M | 299,450 | +0.12pp | 15q | HELD | |
| NXP SEMICONDUCTORS N V | NXPI | $67.5M | 240,075 | +0.24pp | 6q | -0.9%-$625.3K | |
| JOHNSON & JOHNSON | JNJ | $64.8M | 255,319 | +0.04pp | 31q | -0.9%-$605.0K | |
| FULLER H B CO | FUL | $64.4M | 1,105,022 | -0.35pp | 6q | -29.3%-$26.7M | |
| SCHWAB CHARLES CORP | SCHW | $63.3M | 685,644 | -0.01pp | 28q | -1.5%-$947.2K | |
| MEDTRONIC PLC | MDT | $62.5M | 799,208 | -0.07pp | 29q | -1.6%-$1.0M | |
| CITIGROUP INC | C | $60.0M | 428,426 | +0.14pp | 7q | -0.8%-$483.8K | |
| MARKEL GROUP INC | MKL | $56.0M | 28,672 | +0.18pp | 14q | +32.1%+$13.6M | |
| TETRA TECH INC NEW | TTEK | $51.6M | 1,785,403 | - | new | NEW | |
| PROGRESSIVE CORP | PGR | $49.8M | 228,166 | +0.06pp | 2q | -1.5%-$746.0K | |
| TIMKEN CO | TKR | $49.1M | 337,731 | -0.47pp | 6q | -63.0%-$83.7M | |
| COLUMBIA BKG SYS INC | COLB | $48.1M | 1,500,913 | -0.11pp | 14q | -30.3%-$20.9M | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $47.7M | 601,864 | +0.12pp | 2q | +15.4%+$6.4M | |
| ENERPAC TOOL GROUP CORP | EPAC | $46.1M | 1,284,544 | -0.20pp | 27q | -27.4%-$17.4M | |
| WINNEBAGO INDS INC | WGO | $39.9M | 1,276,663 | -0.15pp | 31q | -26.8%-$14.6M | |
| HCA HEALTHCARE INC | HCA | $37.5M | 96,228 | +0.03pp | 28q | +28.8%+$8.4M | |
| ARMSTRONG WORLD INDS INC NEW | AWI | $36.8M | 229,378 | flat | 22q | +1.3%+$455.3K | |
| BRIGHTVIEW HLDGS INC | BV | $35.6M | 2,509,527 | -0.10pp | 23q | -35.0%-$19.2M | |
| COMMERCE BANCSHARES INC | CBSH | $34.1M | 591,221 | -0.16pp | 31q | -41.2%-$23.9M | |
| INTEGER HLDGS CORP | ITGR | $33.0M | 353,465 | -0.15pp | 14q | -34.1%-$17.1M | |
| DREAM FINDERS HOMES INC | DFH | $32.3M | 1,870,801 | -0.06pp | 20q | -32.7%-$15.7M | |
| HNI CORP | HNI | $32.3M | 798,957 | +0.01pp | 4q | -17.3%-$6.8M | |
| MALIBU BOATS INC | MBUU | $30.3M | 1,103,942 | -0.09pp | 31q | -25.8%-$10.6M | |
| JANUS INTERNATIONAL GROUP IN | JBI | $28.3M | 5,099,757 | -0.13pp | 10q | -34.5%-$14.9M | |
| MARKETAXESS HLDGS INC | MKTX | $27.1M | 238,755 | -0.11pp | 3q | +5.5%+$1.4M | |
| MASTERBRAND INC | MBC | $26.3M | 2,551,527 | -0.03pp | 3q | -29.0%-$10.7M | |
| INTER PARFUMS INC | IPAR | $26.2M | 233,810 | - | new | NEW | |
| TECNOGLASS INC | $25.7M | 549,174 | - | new | NEW | ||
| WSFS FINL CORP | WSFS | $25.3M | 330,340 | -0.29pp | 22q | -58.1%-$35.2M | |
| STEWART INFORMATION SVCS COR | STC | $24.4M | 370,288 | -0.16pp | 13q | -41.1%-$17.0M | |
| RUSH ENTERPRISES INC | RUSHA | $21.3M | 292,313 | -0.13pp | 31q | -42.6%-$15.8M | |
| CONMED CORP | CNMD | $18.8M | 573,498 | -0.18pp | 10q | -41.9%-$13.6M | |
| BURFORD CAPITAL LIMITED | BUR | $15.5M | 3,781,152 | -0.11pp | 6q | -33.3%-$7.8M | |
| SIMPSON MFG INC | SSD | $14.1M | 67,499 | -0.10pp | 4q | -50.3%-$14.3M | |
| IDT CORP | IDT | $14.1M | 242,039 | -0.06pp | 3q | -40.9%-$9.7M | |
| PERRIGO CO PLC | PRGO | $12.4M | 1,188,669 | -0.08pp | 31q | -34.6%-$6.5M | |
| EPAM SYS INC | EPAM | $11.7M | 147,803 | - | new | NEW | |
| VAREX IMAGING CORP | VREX | $10.4M | 999,151 | -0.04pp | 31q | -23.3%-$3.2M | |
| STATE STR CORP | STT | $1.2M | 7,303 | -0.97pp | 31q | -98.9%-$114.8M | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.1M | 2,290 | flat | 31q | -0.9%-$10.0K | |
| TE CONNECTIVITY PLC | TEL | $842.7K | 4,180 | flat | 8q | -1.9%-$16.1K | |
| ALPHABET INC | GOOGL | $822.3K | 2,301 | flat | 17q | -14.8%-$143.3K | |
| JPMORGAN CHASE & CO | JPM | $612.8K | 1,872 | flat | 31q | HELD | |
| ALPHABET INC | GOOG | $565.3K | 1,600 | flat | 12q | HELD | |
| PHILIP MORRIS INTL INC | PM | $494.4K | 2,733 | flat | 31q | HELD | |
| ATMOS ENERGY CORP | ATO | $474.1K | 2,752 | flat | 22q | -6.5%-$32.7K | |
| TJX COS INC NEW | TJX | $378.8K | 2,500 | flat | 13q | HELD | |
| ATLAS ENERGY SOLUTIONS INC | AESI | $347.6K | 20,930 | -0.37pp | 10q | -99.2%-$41.4M |
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 | $1.5B | 17.7% |
| Business Services | $1.2B | 13.7% |
| Real Estate | $623.6M | 7.2% |
| Medical Devices | $614.7M | 7.1% |
| Industrials | $585.3M | 6.8% |
| Retail & Consumer | $579.7M | 6.7% |
| Chemicals | $560.4M | 6.5% |
| Banks & Lending | $479.2M | 5.5% |
| Energy | $459.1M | 5.3% |
| Telecom & Media | $365.6M | 4.2% |
| Biotech & Pharma | $327.2M | 3.8% |
| Capital Markets | $227.8M | 2.6% |
| Other sectors | $1.1B | 12.5% |
| Not classified | $25.7M | 0.3% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +6.5% | +14.8% | -8.3% | 100% |
| Q1 2026 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2025 | -0.5% | +2.4% | -2.9% | 100% |
| Q3 2025 | +4.7% | +7.8% | -3.1% | 100% |
| Q2 2025 | +2.3% | +10.5% | -8.1% | 100% |
| Q1 2025 | -1.0% | -4.6% | +3.6% | 100% |
| Q4 2024 | -4.4% | +2.1% | -6.5% | 100% |
| Q3 2024 | +10.4% | +5.4% | +5.0% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $8.6B | 100 | 4 | 18 | 71 | 7 | 26.3% | 30 |
| Q1 2026 | $8.8B | 103 | 8 | 30 | 58 | 9 | 25.8% | 34 |
| Q4 2025 | $9.6B | 104 | 12 | 41 | 38 | 7 | 27.6% | 40 |
| Q3 2025 | $9.7B | 99 | 4 | 38 | 48 | 5 | 26.9% | 31 |
| Q2 2025 | $10.0B | 100 | 2 | 28 | 56 | 4 | 26.7% | 35 |
| Q1 2025 | $10.0B | 102 | 6 | 29 | 57 | 3 | 27.4% | 32 |
| Q4 2024 | $10.4B | 99 | 6 | 27 | 62 | 2 | 26.9% | 38 |
| Q3 2024 | $11.0B | 95 | 4 | 23 | 62 | 5 | 27.3% | 39 |
| Q2 2024 | $10.4B | 96 | 2 | 50 | 35 | 5 | 26.1% | 33 |
| Q1 2024 | $10.8B | 99 | 5 | 22 | 68 | 9 | 25.3% | 40 |
| Q4 2023 | $11.3B | 103 | 3 | 33 | 59 | 6 | 25.3% | 31 |
| Q3 2023 | $10.3B | 106 | 3 | 32 | 54 | 4 | 24.8% | 45 |
| Q2 2023 | $10.7B | 107 | 4 | 28 | 62 | 2 | 26.5% | 31 |
| Q1 2023 | $10.3B | 105 | 10 | 31 | 60 | 7 | 26.7% | 38 |
| Q4 2022 | $10.2B | 102 | 4 | 36 | 47 | 4 | 26.2% | 39 |
| Q3 2022 | $9.3B | 102 | 4 | 25 | 64 | 2 | 26.1% | 46 |
| Q2 2022 | $10.4B | 100 | 4 | 37 | 50 | 3 | 25.8% | 20 |
| Q1 2022 | $11.4B | 99 | 1 | 53 | 41 | 1 | 25.4% | 39 |
| Q4 2021 | $11.6B | 99 | 4 | 30 | 50 | 8 | 26.7% | 40 |
| Q3 2021 | $11.0B | 103 | 5 | 38 | 53 | 3 | 26.8% | 43 |
| Q2 2021 | $10.8B | 101 | 5 | 41 | 45 | 3 | 25.9% | 43 |
| Q1 2021 | $10.3B | 99 | 4 | 49 | 39 | 5 | 24.9% | 43 |
| Q4 2020 | $9.1B | 100 | 3 | 42 | 48 | 1 | 23.8% | 42 |
| Q3 2020 | $7.5B | 98 | 4 | 31 | 56 | 0 | 23.2% | 43 |
| Q2 2020 | $7.3B | 94 | 1 | 29 | 53 | 5 | 23.1% | 38 |
| Q1 2020 | $6.2B | 98 | 9 | 37 | 47 | 4 | 22.9% | 36 |
| Q4 2019 | $9.3B | 93 | 3 | 66 | 21 | 8 | 23.5% | 42 |
| Q3 2019 | $5.9B | 98 | 6 | 33 | 42 | 6 | 22.9% | 38 |
| Q2 2019 | $5.7B | 98 | 7 | 41 | 43 | 5 | 22.6% | 43 |
| Q1 2019 | $5.6B | 96 | 5 | 38 | 45 | 4 | 24.6% | 43 |
| Q4 2018 | $4.9B | 95 | 0 | 0 | 0 | 0 | 24.8% | 42 |
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.