FIDUCIARY MANAGEMENT INC /WI/
SEC Form 13F institutional filer · CIK 0000764532
13F-HR · 23 reported holdings · 2026-03-31
Investment management firm.
Reported long-US-equity value
$3.89B
Top-10 concentration
59.4%
FIDUCIARY MANAGEMENT INC /WI/ — $3.89B AUM allocation strategy
FIDUCIARY MANAGEMENT INC /WI/ files SEC Form 13F and reports $3.89B of long US equity value across 23 reported holdings for 2026-03-31.
Its largest sector bet is Financials 28.7%, followed by Industrials 20.7% and Health Care 12.3%.
The top 10 holdings account for 59% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
FIDUCIARY MANAGEMENT INC /WI/ — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$3.89B
total across 23 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
59% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$CDW +420K sh · +$35.2M+$ACGL +349K sh · +$33.6M+$ACN +251K sh · −$152K
Biggest trims (shares)
−$GOOG −475K sh · −$157M−$SCHW −407K sh · −$61.2M−$CARR −405K sh · −$9M
Exited to nil (held last quarter, gone now)
$SLB ($162M last qtr)$CSX ($146M last qtr)$IVV ($9.54M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Building Products20.7%—
- Hotels, Resorts & Cruise Lines10.2%—
- Investment Banking & Brokerage8.4%—
- Property & Casualty Insurance6.5%—
- Paper & Plastic Packaging Products & Materials5.6%—
- Health Care Equipment5.0%—
- IT Consulting & Other Services4.9%—
- Technology Distributors4.5%—
- Other holdings34.2%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BKNG | Booking Holdings Inc | 93.9K | $395M | +20.8K | 10.2% |
| $SCHW | Charles Schwab Corporation | 3.47M | $326M | -407K | 8.4% |
| $FERG | Ferguson Enterprises Inc | 1.34M | $312M | -149K | 8.0% |
| $AVY | Avery Dennison Corporation | 1.25M | $216M | -148K | 5.6% |
| $CARR | Carrier Global Corporation | 3.57M | $201M | -405K | 5.2% |
| $BDX | Becton Dickinson and Company | 1.24M | $195M | +136K | 5.0% |
| $ACN | Accenture plc | 962K | $191M | +251K | 4.9% |
| $CDW | CDW Corporation | 1.44M | $175M | +420K | 4.5% |
| $BX | Blackstone Inc | 6.65M | $150M | -300K | 3.9% |
| $ALLE | Allegion plc | 1.03M | $150M | +17.2K | 3.9% |
…and 13 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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