FIDUCIARY MANAGEMENT INC /WI/ Information

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

Report Date: 12/31/2013

Position Statistics

Total Positions 68
New Positions 9
Increased Positions 37
Decreased Positions 29
Positions with Activity 66
Sold Out Positions 2
Total Mkt Value (in $ millions) 18,098

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

Sector Weighting

Basic Materials 8.04%
Capital Goods 6.52%
Conglomerates
Consumer Cyclical 7.53%
Consumer/Non-Cyclical 5.81%
Energy 9.97%
Financial 24.8%
Healthcare 10.26%
Services 15.71%
Technology 8.05%
Transportation 3.31%
Utilities

37 INCREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
POTASH CORP SASK INC COM 1,066,001 130,234 13.92 30,448,479
3M CO COM 930,794 5,958 .64 6,805,542
BERKSHIRE HATHAWAY INC DEL CL B NEW 858,049 6,264 .74 6,809,912
ILLINOIS TOOL WKS INC COM 845,521 3,700 .44 10,144,229
ACCENTURE PLC IRELAND SHS CLASS A 829,412 71,080 9.37 10,484,287
DEVON ENERGY CORP NEW COM 816,601 4,097 .50 11,689,102
SCHLUMBERGER LTD COM 802,369 6,053 .76 7,948,969
BANK NEW YORK MELLON CORP COM 800,836 4,312 .54 23,962,779
COVIDIEN PLC SHS 766,124 3,895 .51 10,969,700
AMERICAN EXPRESS CO COM 681,244 82,712 13.82 7,794,554
COMERICA INC COM 670,848 3,422 .51 13,811,992
DANONE SPONSORED ADR 615,399 76,464 14.19 41,721,959
CINTAS CORP COM 610,736 2,250 .37 10,722,188
WAL-MART STORES INC COM 597,140 2,845 .48 7,732,971
AMERISOURCEBERGEN CORP COM 554,978 3,294 .60 8,544,692
PACCAR INC COM 517,701 3,050 .59 7,882,167
MICROSOFT CORP COM 489,937 2,876 .59 12,127,151
EXPEDITORS INTL WASH INC COM 477,428 2,896 .61 12,114,390
UNITEDHEALTH GROUP INC COM 438,904 287,808 190.48 5,613,300
TIME WARNER INC COM NEW 401,161 2,704 .68 6,220,517