Vulcan Value Partners’ Q3 2025 Investor Letter

Investment management company Vulcan Value Partners recently released its third-quarter 2025 investor letter. The third quarter was a good one for the portfolios. The absolute performance was positive across all the strategies, while the relative performance lagged. In the quarter, the Large Cap Composite returned 4.6% net of fees and expenses, the Small Cap Composite returned 4.1% net, the Focus Composite returned 3.7% net, the Focus Plus composite returned 3.7% and the All-Cap Composite returned 5.5% net. For more information on the fund’s best picks in 2025, please check its top five holdings.

A copy of Vulcan Value Partners’ Q3 2025 investor letter can be downloaded here.