FIDUCIARY MANAGEMENT INC /WI/ Information

100 EAST WISCONSIN AVENUE, MILWAUKEE, Wisconsin, 53202, (414) 226-4545

Report Date: 03/31/2014

Position Statistics

Total Positions 71
New Positions 4
Increased Positions 20
Decreased Positions 49
Positions with Activity 69
Sold Out Positions 4
Total Mkt Value (in $ millions) 19,472

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 6.9%
Capital Goods 5.77%
Conglomerates
Consumer Cyclical 5.63%
Consumer/Non-Cyclical 9.55%
Energy 10.09%
Financial 26.25%
Healthcare 9.74%
Services 14.67%
Technology 7.94%
Transportation 3.37%
Utilities

69 Activity Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POTASH CORP SASK INC COM 1,070,858 -24,069 (2.2) 29,779,144
SCHLUMBERGER LTD COM 894,046 -23,265 (2.54) 7,747,368
DEVON ENERGY CORP NEW COM 889,164 -23,755 (2.6) 11,384,946
BANK NEW YORK MELLON CORP COM 880,128 -23,748 (2.63) 23,333,190
UNITEDHEALTH GROUP INC COM 856,337 395,597 85.86 10,432,950
BERKSHIRE HATHAWAY INC DEL CL B NEW 851,983 -22,750 (2.6) 6,632,800
ACCENTURE PLC IRELAND SHS CLASS A 817,391 -18,940 (2.27) 10,246,850
DANONE SPONSORED ADR 773,610 161,882 26.46 52,762,914
COVIDIEN PLC SHS 746,068 -252,174 (25.26) 8,198,553
AMERICAN EXPRESS CO COM 717,520 -18,754 (2.55) 7,596,019
3M CO COM 697,028 -282,221 (28.82) 4,844,174
COMERICA INC COM 674,701 -18,661 (2.69) 13,440,262
NESTLE S A SPONSORED ADR 613,160 550,244 874.57 7,996,561
AMERISOURCEBERGEN CORP COM 607,538 -15,540 (2.49) 8,331,575
ILLINOIS TOOL WKS INC COM 598,002 -270,851 (31.17) 6,981,932
WAL-MART STORES INC COM 580,156 -15,747 (2.64) 7,528,621
TE CONNECTIVITY LTD REG SHS 579,893 -13,834 (2.33) 9,156,694
MICROSOFT CORP COM 564,641 59,121 11.70 13,545,419
CINTAS CORP COM 558,198 -118,962 (17.57) 8,838,544
EXPEDITORS INTL WASH INC COM 522,831 -14,442 (2.69) 11,788,758