# FIDUCIARY MANAGEMENT INC /WI/

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 764532. Source: https://holderbook.com/funds/764532-fiduciary-management-inc-wi/

- Reported value: $7.0B
- Positions: 56
- Weight of the ten largest: 33.4%
- Filed: 2026-08-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ARAMARK | [ARMK](https://holderbook.com/stocks/ARMK/) | $371.0M | 6,520,495 | 5.3% | 9 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $331.2M | 1,858,189 | 4.7% | 29 |
| INSIGHT ENTERPRISES INC | [NSIT](https://holderbook.com/stocks/NSIT/) | $267.7M | 2,197,521 | 3.8% | 26 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $211.8M | 2,295,743 | 3.0% | 28 |
| VALVOLINE INC | [VVV](https://holderbook.com/stocks/VVV/) | $202.5M | 5,122,337 | 2.9% | 12 |
| HAYWARD HLDGS INC | [HAYW](https://holderbook.com/stocks/HAYW/) | $202.3M | 11,684,338 | 2.9% | 7 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $200.5M | 844,907 | 2.9% | 9 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $196.0M | 1,393,758 | 2.8% | 18 |
| ONEMAIN HLDGS INC | [OMF](https://holderbook.com/stocks/OMF/) | $187.8M | 3,080,673 | 2.7% | 9 |
| ZIONS BANCORPORATION NATL AS | [ZION](https://holderbook.com/stocks/ZION/) | $179.3M | 2,591,257 | 2.6% | 31 |
| APTARGROUP INC | [ATR](https://holderbook.com/stocks/ATR/) | $178.3M | 1,423,771 | 2.5% | 16 |
| GATES INDL CORP LTD COM SHS | - | $173.1M | 6,189,245 | 2.5% | 1 |
| CARLISLE COS INC | [CSL](https://holderbook.com/stocks/CSL/) | $162.5M | 447,968 | 2.3% | 31 |
| CAVCO INDS INC DEL | [CVCO](https://holderbook.com/stocks/CVCO/) | $153.7M | 250,135 | 2.2% | 4 |
| MUELLER WTR PRODS INC | [MWA](https://holderbook.com/stocks/MWA/) | $152.4M | 5,902,018 | 2.2% | 3 |
| AVERY DENNISON CORP | [AVY](https://holderbook.com/stocks/AVY/) | $151.9M | 935,794 | 2.2% | 18 |
| PRIMERICA INC | [PRI](https://holderbook.com/stocks/PRI/) | $151.8M | 534,226 | 2.2% | 24 |
| SCHEIN HENRY INC | [HSIC](https://holderbook.com/stocks/HSIC/) | $151.8M | 1,817,353 | 2.2% | 26 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $151.2M | 753,703 | 2.2% | 5 |
| FTI CONSULTING INC | [FCN](https://holderbook.com/stocks/FCN/) | $142.7M | 957,952 | 2.0% | 2 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $141.1M | 1,923,538 | 2.0% | 13 |
| WHITE MTNS INS GROUP LTD | [WTM](https://holderbook.com/stocks/WTM/) | $138.0M | 66,550 | 2.0% | 31 |
| LOUISIANA PAC CORP | [LPX](https://holderbook.com/stocks/LPX/) | $137.7M | 1,751,120 | 2.0% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $135.5M | 325,962 | 1.9% | 31 |
| MASCO CORP | [MAS](https://holderbook.com/stocks/MAS/) | $127.2M | 1,562,913 | 1.8% | 31 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $125.9M | 831,781 | 1.8% | 5 |
| HOULIHAN LOKEY INC | [HLI](https://holderbook.com/stocks/HLI/) | $125.9M | 938,411 | 1.8% | 27 |
| MSA SAFETY INC | [MSA](https://holderbook.com/stocks/MSA/) | $124.6M | 713,768 | 1.8% | 5 |
| ARCH CAP GROUP LTD | [ACGL](https://holderbook.com/stocks/ACGL/) | $118.9M | 1,225,226 | 1.7% | 3 |
| HURON CONSULTING GROUP INC | [HURN](https://holderbook.com/stocks/HURN/) | $116.6M | 1,293,304 | 1.7% | 3 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $116.2M | 1,553,309 | 1.7% | 2 |
| DONALDSON INC | [DCI](https://holderbook.com/stocks/DCI/) | $114.8M | 1,279,144 | 1.6% | 30 |
| ALLEGION PLC | [ALLE](https://holderbook.com/stocks/ALLE/) | $112.9M | 803,654 | 1.6% | 7 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $112.2M | 513,457 | 1.6% | 25 |
| CORE & MAIN INC | [CNM](https://holderbook.com/stocks/CNM/) | $111.4M | 2,308,589 | 1.6% | 12 |
| UNILEVER PLC | [UL](https://holderbook.com/stocks/UL/) | $107.4M | 1,786,644 | 1.5% | 3 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $106.4M | 855,060 | 1.5% | 3 |
| FORTUNE BRANDS INNOVATIONS I | [FBIN](https://holderbook.com/stocks/FBIN/) | $105.9M | 1,928,059 | 1.5% | 15 |
| PNC FINL SVCS GROUP INC | [PNC](https://holderbook.com/stocks/PNC/) | $105.2M | 427,245 | 1.5% | 2 |
| QUEST DIAGNOSTICS INC | [DGX](https://holderbook.com/stocks/DGX/) | $102.5M | 483,557 | 1.5% | 10 |
| KONINKLIJKE PHILIPS N V | [PHG](https://holderbook.com/stocks/PHG/) | $94.1M | 3,459,961 | 1.3% | 26 |
| BJS WHSL CLUB HLDGS INC | [BJ](https://holderbook.com/stocks/BJ/) | $86.2M | 988,158 | 1.2% | 20 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $85.6M | 707,327 | 1.2% | 31 |
| SIMPSON MFG INC | [SSD](https://holderbook.com/stocks/SSD/) | $84.7M | 404,809 | 1.2% | 21 |
| RYANAIR HOLDINGS PLC | [RYAAY](https://holderbook.com/stocks/RYAAY/) | $83.3M | 1,285,919 | 1.2% | 12 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $71.7M | 143,322 | 1.0% | 31 |
| FRESENIUS MEDICAL CARE AG | [FMS](https://holderbook.com/stocks/FMS/) | $66.4M | 2,937,829 | 0.9% | 22 |
| ALLIANCE LAUNDRY HLDGS INC | [ALH](https://holderbook.com/stocks/ALH/) | $59.2M | 2,230,990 | 0.8% | 1 |
| ROBERT HALF INC. | [RHI](https://holderbook.com/stocks/RHI/) | $46.7M | 1,521,878 | 0.7% | 31 |
| FIRSTCASH HOLDINGS INC | [FCFS](https://holderbook.com/stocks/FCFS/) | $41.0M | 189,663 | 0.6% | 19 |
| Informa PLC | [IFJPY](https://holderbook.com/stocks/IFJPY/) | $1.7M | 70,966 | 0.0% | 6 |
| Sodexo | [SDXAY](https://holderbook.com/stocks/SDXAY/) | $1.6M | 137,928 | 0.0% | 16 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $1.3M | 1,678 | 0.0% | 1 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $903.2K | 6,090 | 0.0% | 1 |
| REXEL SA ADR | [RXEEY](https://holderbook.com/stocks/RXEEY/) | $202.0K | 4,544 | 0.0% | 1 |
| EDENRED SA-UNSP ADR | [EDNMY](https://holderbook.com/stocks/EDNMY/) | $172.5K | 13,586 | 0.0% | 7 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.4% | +14.8% | -3.4% | 100% |
| Q1 2026 | -3.1% | -4.6% | +1.6% | 100% |
| Q4 2025 | -0.6% | +2.4% | -3.0% | 100% |
| Q3 2025 | +1.2% | +7.8% | -6.7% | 100% |
| Q2 2025 | +6.3% | +10.5% | -4.1% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.8% | 100% |
| Q4 2024 | -3.2% | +2.1% | -5.3% | 100% |
| Q3 2024 | +6.3% | +5.4% | +0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $7.0B | 56 |
| Q1 2026 | $8.1B | 62 |
| Q4 2025 | $9.1B | 67 |
| Q3 2025 | $9.9B | 68 |
| Q2 2025 | $10.4B | 67 |
| Q1 2025 | $10.4B | 66 |
| Q4 2024 | $10.7B | 70 |
| Q3 2024 | $11.4B | 69 |
| Q2 2024 | $10.7B | 70 |
| Q1 2024 | $11.2B | 68 |
| Q4 2023 | $10.7B | 67 |
| Q3 2023 | $9.8B | 67 |