River Road Asset Management, LLC
SEC Form 13F institutional filer · CIK 0001341401
13F-HR · 64 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$2.66B
Top-10 concentration
51.8%
River Road Asset Management, LLC — $2.66B AUM allocation strategy
River Road Asset Management, LLC files SEC Form 13F and reports $2.66B of long US equity value across 64 reported holdings for 2026-03-31.
Its largest sector bet is Financials 23.5%, followed by Health Care 16.4% and Industrials 9.0%.
The top 10 holdings account for 52% 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.
River Road Asset Management, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$2.66B
total across 64 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
52% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$WFC +571K sh · +$43.6M+$MAA +490K sh · +$44.1M+$COO +392K sh · +$11.5M
Biggest trims (shares)
−$KR −317K sh · −$5.51M−$DAL −170K sh · −$15.1M−$KMI −122K sh · −$790K
Exited to nil (held last quarter, gone now)
$ARES ($130M last qtr)$KKR ($47.9M last qtr)$CASY ($39.8M last qtr)$FIS ($6.34M last qtr)$PSX ($5.91M 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)
- Multi-Sector Holdings8.2%—
- Multi-Family Residential REITs6.5%—
- Health Care Equipment6.1%—
- Health Care Supplies5.3%—
- Insurance Brokers5.3%—
- Construction Materials5.1%—
- Health Care Services5.0%—
- Rail Transportation4.5%—
- Other holdings54.0%—
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 |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 455K | $218M | +7.52K | 8.2% |
| $MAA | Mid-America Apartment Communities Inc | 1.43M | $174M | +490K | 6.6% |
| $COO | The Cooper Companies Inc | 1.97M | $141M | +392K | 5.3% |
| $WTW | Willis Towers Watson Public Limited Company | 485K | $141M | +144K | 5.3% |
| $CRH | CRH PLC | 1.29M | $135M | +249K | 5.1% |
| $LH | Labcorp Holdings Inc | 505K | $135M | +96.7K | 5.1% |
| $UNP | Union Pacific Corporation | 486K | $118M | -4.1K | 4.4% |
| $AXP | American Express Company | 379K | $115M | — | 4.3% |
| $KR | Kroger Company | 1.44M | $105M | -317K | 3.9% |
| $GEHC | GE HealthCare Technologies Inc | 1.34M | $95.6M | -67.7K | 3.6% |
…and 54 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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