Q2 2026 13F · SEC CIK 764532

Fiduciary Management Inc /wi/

Wealth managerFiled 2026-08-13 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $7.0B
Reported positions: 56
Top holdings a year, 3 yrs: +16.8%
Average holding period: 3.6 yrs

Fiduciary Management Inc /wi/ is a wealth manager that reported 56 positions worth $7.0B in its Q2 2026 13F, filed 2026-08-13. Its largest holdings were Aramark (ARMK, 5.3%), Booking Holdings Inc (BKNG, 4.7%), Insight Enterprises Inc (NSIT, 3.8%). A portfolio copying its top holdings returned 16.8% a year over the last 3 years, against 20.4% for the S&P 500.

Fiduciary Management Inc /wi/ holdings largest 50 of 56 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Fiduciary Management Inc /wi/ 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
ARMKAramark	5.3%	5.3%	6,520,495	-38.4%	$371.0M
BKNGBooking Holdings Inc	4.7%	4.9%	1,858,189	+1878.7%	$331.2M
NSITInsight Enterprises Inc	3.8%	1.6%	2,197,521	+17.2%	$267.7M
SCHWCharles Schwab Corp (the)	3.0%	4.0%	2,295,743	-33.8%	$211.8M
VVVValvoline Inc	2.9%	2.0%	5,122,337	+6.1%	$202.5M
HAYWHayward Hldgs Inc	2.9%	1.5%	11,684,338	+33.7%	$202.3M
FERGFerguson Enterprises Inc Common Stock Ne	2.9%	3.9%	844,907	-36.8%	$200.5M
CDWCdw Corp/de	2.8%	2.2%	1,393,758	-3.4%	$196.0M
OMFOnemain Hldgs Inc	2.7%	1.8%	3,080,673	+14.8%	$187.8M
ZIONZions Bancorporation Natl As	2.5%	2.0%	2,591,257	-7.1%	$179.3M
ATRAptargroup Inc	2.5%	2.0%	1,423,771	+13.7%	$178.3M
GTESGates Indl Corp Ltd	2.5%	—	6,189,245	—	$173.1M
CSLCarlisle Cos Inc	2.3%	2.0%	447,968	-9.3%	$162.5M
CVCOCavco Inds Inc Del	2.2%	1.6%	250,135	-6.5%	$153.7M
MWAMueller Wtr Prods Inc	2.2%	1.4%	5,902,018	+42.0%	$152.4M
AVYAvery Dennison Corp	2.2%	2.7%	935,794	-25.3%	$151.9M
PRIPrimerica Inc	2.2%	2.2%	534,226	-22.8%	$151.8M
HSICSchein Henry Inc Com	2.2%	1.8%	1,817,353	-7.0%	$151.8M
COFCapital One Finl Corp	2.2%	1.3%	753,703	+28.7%	$151.2M
FCNFti Consulting Inc.	2.0%	1.8%	957,952	+16.3%	$142.7M
CARRCarrier Global Corporation	2.0%	2.5%	1,923,538	-46.1%	$141.1M
WTMWhite Mtns Ins Group Ltd	2.0%	2.3%	66,550	-21.8%	$138.0M
LPXLouisiana Pac Corp	2.0%	1.1%	1,751,120	+38.4%	$137.7M
UNHUnitedhealth Group Inc	1.9%	1.2%	325,962	-8.9%	$135.5M
MASMasco Corp	1.8%	1.8%	1,562,913	-34.0%	$127.2M
BDXBecton Dickinson & Co	1.8%	2.4%	831,781	-32.9%	$125.9M
HLIHoulihan Lokey Inc	1.8%	1.4%	938,411	+16.8%	$125.9M
MSAMsa Safety Inc	1.8%	1.4%	713,768	+5.1%	$124.6M
ACGLArch Cap Group Ltd	1.7%	1.7%	1,225,226	-16.1%	$118.9M
HURNHuron Consulting Group Inc	1.7%	1.4%	1,293,304	+43.2%	$116.6M
SUNBSunbelt Rentals Holdings Inc	1.7%	1.6%	1,553,309	-19.2%	$116.2M
DCIDonaldson Inc	1.6%	1.5%	1,279,144	-10.3%	$114.8M
ALLEAllegion PLC	1.6%	1.9%	803,654	-22.2%	$112.9M
PGRProgressive Corp	1.6%	1.4%	513,457	-11.4%	$112.2M
CNMCore & Main Inc	1.6%	1.5%	2,308,589	-7.0%	$111.4M
ULUnilever PLC	1.5%	1.6%	1,786,644	-22.1%	$107.4M
ACNAccenture PLC Ireland	1.5%	2.4%	855,060	-11.2%	$106.4M
FBHSFortune Brands Innovations I	1.5%	1.0%	1,928,059	-7.0%	$105.9M
PNCPnc Finl Svcs Group Inc	1.5%	1.6%	427,245	-32.8%	$105.2M
DGXQuest Diagnostics Inc	1.5%	1.8%	483,557	-32.9%	$102.5M
PHGKoninklijke Philips N V	1.3%	1.7%	3,459,961	-30.5%	$94.1M
BJBjs Whsl Club Hldgs Inc Com	1.2%	—	988,158	—	$86.2M
DLTRDollar Tree Inc	1.2%	1.5%	707,327	-33.7%	$85.6M
SSDSimpson Mfg Inc	1.2%	0.9%	404,809	-6.8%	$84.7M
RYAAYRyanair Holdings PLC Sponsored	1.2%	1.0%	1,285,919	-10.8%	$83.3M
BRK-BBerkshire Hathaway Inc Del	1.0%	1.8%	143,322	-53.0%	$71.7M
FMSFresenius Medical Care AG	0.9%	1.2%	2,937,829	-34.2%	$66.4M
ALHAlliance Laundry Hldgs Inc	0.8%	—	2,230,990	—	$59.2M
RHIRobert Half Inc.	0.7%	—	1,521,878	—	$46.7M
FCFSFirstcash Holdings Inc	0.6%	2.1%	189,663	-79.2%	$41.0M

What Fiduciary Management Inc /wi/ bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

BKNG Booking Holdings Inc+1878.7% shares
HURN Huron Consulting Group Inc+43.2% shares
MWA Mueller Wtr Prods Inc+42.0% shares
LPX Louisiana Pac Corp+38.4% shares
HAYW Hayward Hldgs Inc+33.7% shares
COF Capital One Finl Corp+28.7% shares
NSIT Insight Enterprises Inc+17.2% shares
HLI Houlihan Lokey Inc+16.8% shares

Reduced

FCFS Firstcash Holdings Inc-79.2% shares
BRK-B Berkshire Hathaway Inc Del-53.0% shares
CARR Carrier Global Corporation-46.1% shares
ARMK Aramark-38.4% shares
FERG Ferguson Enterprises Inc Common Stock Ne-36.8% shares
FMS Fresenius Medical Care AG-34.2% shares
MAS Masco Corp-34.0% shares
SCHW Charles Schwab Corp (the)-33.8% shares

Left the top 50

Gates Indl Corp PLC Ord Shswas 1.9%
ARW Arrow Electrs Incwas 1.9%
SYY Sysco Corpwas 1.7%
GOOGL Alphabet Incwas 1.2%

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +20.9% /yr; S&P 500 +20.1%
3 years: +16.8% /yr; S&P 500 +20.4%
5 years: +9.8% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F 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

Questions about Fiduciary Management Inc /wi/'s portfolio

What stocks does Fiduciary Management Inc /wi/ own?

Fiduciary Management Inc /wi/'s latest 13F, for Q2 2026 and filed Aug 13, 2026, lists 56 positions worth $7.0B. The largest are Aramark (ARMK) at 5.3%, Booking Holdings Inc (BKNG) at 4.7%, Insight Enterprises Inc (NSIT) at 3.8%, Charles Schwab Corp (the) (SCHW) at 3.0% and Valvoline Inc (VVV) at 2.9%.

What did Fiduciary Management Inc /wi/ buy last quarter?

In Q2 2026, Fiduciary Management Inc /wi/ added Booking Holdings Inc (BKNG) (+1878.7% shares), Huron Consulting Group Inc (HURN) (+43.2% shares) and Mueller Wtr Prods Inc (MWA) (+42.0% shares), compared with its Q1 2026 filing.

What did Fiduciary Management Inc /wi/ sell last quarter?

In Q2 2026, Fiduciary Management Inc /wi/ cut from its top 50 Gates Indl Corp PLC Ord Shs, cut from its top 50 Arrow Electrs Inc (ARW), cut from its top 50 Sysco Corp (SYY), cut from its top 50 Alphabet Inc (GOOGL), Firstcash Holdings Inc (FCFS) (-79.2% shares), Berkshire Hathaway Inc Del (BRK-B) (-53.0% shares) and Carrier Global Corporation (CARR) (-46.1% shares), compared with its Q1 2026 filing.

How has Fiduciary Management Inc /wi/'s portfolio performed?

A portfolio copying Fiduciary Management Inc /wi/'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.8% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.9% against +20.1%. Over 5 years: +9.8% a year against +11.6%.

When is Fiduciary Management Inc /wi/'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Fiduciary Management Inc /wi/'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.