River Road Asset Management, LLC Q1 2020 Filing

Filed May 14, 2020

Portfolio Value

$4.5B

Holdings

159

Report Date

Q1 2020

Filing Type

13F-HR

All Holdings (159 positions)

#	Stock	Shares	Value	% Portfolio
1	CNNECannae Holdings, Inc.	4,557,671	$152.6M	3.41%
2	PINCPremier Inc. Class A	4,408,958	$144.3M	3.23%
3	TWNKEURHostess Brands, Inc. Class A	11,775,079	$125.5M	2.81%
4	CMCSAComcast Corporation Class A	3,323,849	$114.3M	2.56%
5	—GCI Liberty, Inc. Class A	1,962,715	$111.8M	2.50%
6	UNFUniFirst Corporation	686,338	$103.7M	2.32%
7	ATSG*Air Transport Services Group,	5,520,769	$100.9M	2.26%
8	LBRDKLiberty Broadband Corp. Class	841,359	$93.2M	2.08%
9	BRK/BBerkshire Hathaway Inc. Class	497,133	$90.9M	2.03%
10	KMIKinder Morgan Inc Class P	6,163,944	$85.8M	1.92%
11	EAFEURGrafTech International Ltd.	9,479,245	$77.0M	1.72%
12	AESAES Corporation	5,640,761	$76.7M	1.72%
13	—Cubic Corporation	1,820,622	$75.2M	1.68%
14	DISCKUSDDiscovery, Inc. Class C	4,211,099	$73.9M	1.65%
15	WTMWhite Mountains Insurance Grou	77,280	$70.3M	1.57%
16	BJBJ's Wholesale Club Holdings,	2,674,051	$68.1M	1.52%
17	LKQ1LKQ Corporation	3,242,887	$66.5M	1.49%
18	VYXNCR Corporation	3,750,064	$66.4M	1.48%
19	BACVerizon Communications Inc.	1,136,423	$61.1M	1.37%
20	BMYBristol-Myers Squibb Company	1,063,905	$59.3M	1.33%
21	AXSAxis Capital Holdings Limited	1,497,792	$57.9M	1.29%
22	KMBKimberly-Clark Corporation	447,686	$57.2M	1.28%
23	AWNAdvance Auto Parts, Inc.	591,757	$55.2M	1.24%
24	DDominion Energy Inc	750,967	$54.2M	1.21%
25	PGRProgressive Corporation	714,914	$52.8M	1.18%
26	UNHUnitedHealth Group Incorporate	207,529	$51.8M	1.16%
27	DYHTarget Corporation	531,553	$49.4M	1.11%
28	AGXArgan, Inc.	1,392,673	$48.1M	1.08%
29	WBAWalgreens Boots Alliance Inc	1,044,603	$47.8M	1.07%
30	CSCOCisco Systems, Inc.	1,185,948	$46.6M	1.04%
31	GLWCorning Inc	2,239,092	$46.0M	1.03%
32	ULUnilever PLC Sponsored ADR	908,273	$45.9M	1.03%
33	STAYUSDExtended Stay America, Inc.	6,030,473	$44.1M	0.99%
34	UPSUnited Parcel Service, Inc. Cl	457,392	$42.7M	0.96%
35	USBU.S. Bancorp	1,231,550	$42.4M	0.95%
36	TFCTruist Financial Corporation	1,346,360	$41.5M	0.93%
37	BAMBrookfield Asset Management In	919,497	$40.7M	0.91%
38	AMGNAmgen Inc.	200,039	$40.6M	0.91%
39	MCKMcKesson Corporation	297,885	$40.3M	0.90%
40	FNFFidelity National Financial, I	1,580,087	$39.3M	0.88%
41	PFEPfizer Inc.	1,163,794	$38.0M	0.85%
42	GOOGAlphabet Inc. Class C	32,557	$37.9M	0.85%
43	FIXComfort Systems USA, Inc.	1,024,699	$37.5M	0.84%
44	PEPPepsiCo, Inc.	308,697	$37.1M	0.83%
45	IRMIron Mountain, Inc.	1,533,784	$36.5M	0.82%
46	LILALiberty Latin America Ltd. Cla	3,498,852	$35.9M	0.80%
47	CBChubb Limited	317,941	$35.5M	0.79%
48	ABBVAbbVie, Inc.	441,700	$33.7M	0.75%
49	LSXMKUSDLiberty Media Corp. Series C L	1,049,023	$33.2M	0.74%
50	AWIArmstrong World Industries, In	412,764	$32.8M	0.73%
51	YELPYelp Inc	1,779,952	$32.1M	0.72%
52	AVYAUSDAvaya Holdings Corp.	3,964,866	$32.1M	0.72%
53	CDKCDK Global Inc	968,097	$31.8M	0.71%
54	IMKTAIngles Markets, Incorporated C	874,459	$31.6M	0.71%
55	NSPInsperity, Inc.	820,647	$30.6M	0.68%
56	PNCPNC Financial Services Group,	314,022	$30.1M	0.67%
57	MMM3M Company	211,816	$28.9M	0.65%
58	MUSAMurphy USA, Inc.	338,447	$28.6M	0.64%
59	DISWalt Disney Company	293,880	$28.4M	0.63%
60	QCOMQUALCOMM Incorporated	409,065	$27.7M	0.62%
61	NVTnVent Electric plc	1,618,646	$27.3M	0.61%
62	OMCOmnicom Group Inc	495,437	$27.2M	0.61%
63	FASTFastenal Company	855,655	$26.7M	0.60%
64	IPGInterpublic Group of Companies	1,631,798	$26.4M	0.59%
65	ORCLOracle Corporation	535,919	$25.9M	0.58%
66	MSMMSC Industrial Direct Co., Inc	466,429	$25.6M	0.57%
67	AYAtlantica Yield plc	1,123,478	$25.1M	0.56%
68	—Vonage Holdings Corp.	3,405,107	$24.6M	0.55%
69	PS1Computer Programs and Systems,	1,082,193	$24.1M	0.54%
70	WMBWilliams Companies, Inc.	1,660,590	$23.5M	0.53%
71	VENVentas, Inc.	870,724	$23.3M	0.52%
72	PRSUViad Corp	1,077,655	$22.9M	0.51%
73	WKCWorld Fuel Services Corporatio	903,048	$22.7M	0.51%
74	TSAACI Worldwide, Inc.	933,322	$22.5M	0.50%
75	LYBLyondellBasell Industries NV	432,488	$21.5M	0.48%
76	ITWIllinois Tool Works Inc.	147,958	$21.0M	0.47%
77	HFCUSDHollyFrontier Corporation	831,434	$20.4M	0.46%
78	CORECore-Mark Holding Company, Inc	709,857	$20.3M	0.45%
79	EPDEnterprise Products Partners L	1,404,401	$20.1M	0.45%
80	FSC1EUROaktree Specialty Lending Corp	6,017,989	$19.5M	0.44%
81	ENOVColfax Corporation	973,959	$19.3M	0.43%
82	—Nielsen Holdings Plc	1,509,317	$18.9M	0.42%
83	CNACNA Financial Corporation	592,901	$18.4M	0.41%
84	ATDAllegheny Technologies Incorpo	2,085,035	$17.7M	0.40%
85	SSFSensient Technologies Corporat	385,284	$16.8M	0.37%
86	WFCWells Fargo & Company	570,725	$16.4M	0.37%
87	WEPMagellan Midstream Partners, L	434,533	$15.9M	0.35%
88	MPCMarathon Petroleum Corporation	638,425	$15.1M	0.34%
89	ECOLUS Ecology, Inc.	488,384	$14.8M	0.33%
90	DGXQuest Diagnostics Incorporated	182,796	$14.7M	0.33%
91	EXPEExpedia Group, Inc.	250,863	$14.1M	0.32%
92	FWRDUSDForward Air Corporation	278,557	$14.1M	0.32%
93	NVRIHarsco Corporation	2,007,158	$14.0M	0.31%
94	TPICQTPI Composites, Inc.	937,579	$13.9M	0.31%
95	ACAArcosa Inc	326,985	$13.0M	0.29%
96	MDTMedtronic PLC	139,985	$12.6M	0.28%
97	VLOValero Energy Corporation	277,076	$12.6M	0.28%
98	LAZLazard Ltd Class A	515,396	$12.1M	0.27%
99	ITRNIturan Location and Control Lt	813,571	$11.6M	0.26%
100	RHPRyman Hospitality Properties,	320,061	$11.5M	0.26%

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