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

68 Positions as of 12/31/2013

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
MSC INDL DIRECT INC CL A 35,259 35,259 New 402,595
BERKSHIRE HATHAWAY INC DEL CL B NEW 858,049 6,264 .74 6,809,912
GREENLIGHT CAPITAL RE LTD CLASS A 58,688 -541 (0.91) 1,858,975
3M CO COM 930,794 5,958 .64 6,805,542
AMERICAN EXPRESS CO COM 681,244 82,712 13.82 7,794,554
AMERISOURCEBERGEN CORP COM 554,978 3,294 .60 8,544,692
ANIXTER INTL INC COM 121,788 -1,297 (1.05) 1,245,914
APTARGROUP INC COM 52,208 -853 (1.61) 786,264
ARROW ELECTRS INC COM 146,045 -49,226 (25.21) 2,471,152
AVERY DENNISON CORP COM 95,285 -1,038 (1.08) 1,896,597
BANK NEW YORK MELLON CORP COM 800,836 4,312 .54 23,962,779
BERKLEY W R CORP COM 85,055 -970 (1.13) 2,053,479
BROADRIDGE FINL SOLUTIONS INC COM 134,045 1,279 .96 3,673,466
CARLISLE COS INC COM 113,854 -1,140 (0.99) 1,449,811
CIMAREX ENERGY CO COM 113,095 -43,796 (27.92) 950,377
CINTAS CORP COM 610,736 2,250 .37 10,722,188
COMERICA INC COM 670,848 3,422 .51 13,811,992
COMPASS MINERALS INTL INC COM 76,185 -678 (0.88) 890,531
CULLEN FROST BANKERS INC COM 107,722 -1,435 (1.32) 1,397,720
DEVON ENERGY CORP NEW COM 816,601 4,097 .50 11,689,102