River Road Asset Management, LLC Q2 2020 Filing

Filed August 12, 2020

Portfolio Value

$5.8B

Holdings

144

Report Date

Q2 2020

Filing Type

13F-HR

All Holdings (144 positions)

#	Stock	Shares	Value	% Portfolio
1	PINCPremier Inc. Class A	5,514,144	$189.0B	3251.77%
2	—GCI Liberty, Inc. Class A	2,579,322	$183.4B	3155.71%
3	CNNECannae Holdings, Inc.	4,314,658	$177.3B	3050.62%
4	TWNKEURHostess Brands, Inc. Class A	13,589,753	$166.1B	2856.83%
5	UNFUniFirst Corporation	868,881	$155.5B	2674.81%
6	CMCSAComcast Corporation Class A	3,955,104	$154.2B	2652.17%
7	LBRDKLiberty Broadband Corp. Class	1,164,925	$144.4B	2484.16%
8	BRK/BBerkshire Hathaway Inc. Class	754,275	$134.6B	2316.30%
9	ATSG*Air Transport Services Group,	5,975,834	$133.1B	2289.39%
10	FNFFidelity National Financial, I	3,857,212	$118.3B	2034.45%
11	AWNAdvance Auto Parts, Inc.	820,721	$116.9B	2011.22%
12	LKQ1LKQ Corporation	4,365,884	$114.4B	1967.77%
13	BJBJ's Wholesale Club Holdings,	2,789,961	$104.0B	1788.79%
14	—Cubic Corporation	2,153,516	$103.4B	1779.35%
15	BMYBristol-Myers Squibb Company	1,716,762	$100.9B	1736.56%
16	GLWCorning Inc	3,821,337	$99.0B	1702.62%
17	KMIKinder Morgan Inc Class P	6,253,028	$94.9B	1631.83%
18	EAFEURGrafTech International Ltd.	11,789,577	$94.1B	1618.46%
19	AESAES Corporation	6,398,124	$92.7B	1594.86%
20	DISCKUSDDiscovery, Inc. Class C	4,616,836	$88.9B	1529.68%
21	CBChubb Limited	686,607	$86.9B	1495.58%
22	PGRProgressive Corporation	975,314	$78.1B	1344.10%
23	AGXArgan, Inc.	1,603,863	$76.0B	1307.26%
24	VYXNCR Corporation	4,387,213	$76.0B	1307.20%
25	AXSAxis Capital Holdings Limited	1,784,261	$72.4B	1244.97%
26	BAMBrookfield Asset Management In	2,058,059	$67.7B	1164.81%
27	WTMWhite Mountains Insurance Grou	73,011	$64.8B	1115.30%
28	NSPInsperity, Inc.	961,347	$62.2B	1070.50%
29	DYHTarget Corporation	513,569	$61.6B	1059.56%
30	STAYUSDExtended Stay America, Inc.	5,450,241	$61.0B	1049.17%
31	GOOGAlphabet Inc. Class C	42,395	$59.9B	1030.97%
32	BACVerizon Communications Inc.	1,082,001	$59.7B	1026.17%
33	MCKMcKesson Corporation	387,414	$59.4B	1022.49%
34	DDominion Energy Inc	715,690	$58.1B	999.49%
35	KMBKimberly-Clark Corporation	398,481	$56.3B	968.95%
36	AVYAUSDAvaya Holdings Corp.	4,446,236	$55.0B	945.38%
37	CDKCDK Global Inc	1,308,849	$54.2B	932.62%
38	CSCOCisco Systems, Inc.	1,156,010	$53.9B	927.51%
39	LSXMKUSDLiberty Media Corp. Series C L	1,548,074	$53.3B	917.45%
40	AWIArmstrong World Industries, In	655,091	$51.1B	878.57%
41	UNHUnitedHealth Group Incorporate	172,906	$51.0B	877.33%
42	UPSUnited Parcel Service, Inc. Cl	447,154	$49.7B	855.24%
43	FIXComfort Systems USA, Inc.	1,201,125	$48.9B	842.01%
44	ULUnilever PLC Sponsored ADR	891,271	$48.9B	841.44%
45	TFCTruist Financial Corporation	1,198,419	$45.0B	774.15%
46	—Vonage Holdings Corp.	4,195,248	$42.2B	726.03%
47	AMGNAmgen Inc.	176,647	$41.7B	716.74%
48	USBU.S. Bancorp	1,115,500	$41.1B	706.57%
49	YELPYelp Inc	1,722,735	$39.8B	685.48%
50	TSAACI Worldwide, Inc.	1,421,251	$38.4B	659.90%
51	ABBVAbbVie, Inc.	388,938	$38.2B	656.91%
52	TPICQTPI Composites, Inc.	1,619,941	$37.9B	651.27%
53	LILALiberty Latin America Ltd. Cla	3,974,172	$37.5B	645.38%
54	SPHRMadison Square Garden Entertai	495,690	$37.2B	639.55%
55	PEPPepsiCo, Inc.	280,354	$37.1B	637.88%
56	NVTnVent Electric plc	1,915,896	$35.9B	617.33%
57	IRMIron Mountain, Inc.	1,357,597	$35.4B	609.55%
58	IMKTAIngles Markets, Incorporated C	806,213	$34.7B	597.35%
59	AYAtlantica Sustainable Infrastr	1,180,306	$34.3B	590.87%
60	PFEPfizer Inc.	1,041,317	$34.1B	585.78%
61	NVRIHarsco Corporation	2,438,868	$32.9B	566.82%
62	ENOVColfax Corporation	1,141,899	$31.9B	548.07%
63	ECOLUS Ecology, Inc.	924,137	$31.3B	538.62%
64	FSC1EUROaktree Specialty Lending Corp	6,750,969	$30.2B	519.13%
65	PNCPNC Financial Services Group,	279,367	$29.4B	505.63%
66	MSMMSC Industrial Direct Co., Inc	401,972	$29.3B	503.49%
67	MMM3M Company	186,598	$29.1B	500.72%
68	HFCUSDHollyFrontier Corporation	990,458	$28.9B	497.52%
69	WKCWorld Fuel Services Corporatio	1,096,528	$28.2B	485.93%
70	WMBWilliams Companies, Inc.	1,476,952	$28.1B	483.26%
71	—Nielsen Holdings Plc	1,859,317	$27.6B	475.30%
72	ORCLOracle Corporation	492,728	$27.2B	468.49%
73	PS1Computer Programs and Systems,	1,165,893	$26.6B	457.10%
74	QCOMQUALCOMM Incorporated	284,335	$25.9B	446.14%
75	PRSUViad Corp	1,334,945	$25.4B	436.80%
76	ATKRAtkore International Group Inc	919,892	$25.2B	432.81%
77	EPDEnterprise Products Partners L	1,330,105	$24.2B	415.76%
78	GPCGenuine Parts Company	269,761	$23.5B	403.55%
79	AXTAAxalta Coating Systems Ltd.	1,022,679	$23.1B	396.72%
80	ITWIllinois Tool Works Inc.	131,475	$23.0B	395.46%
81	CNACNA Financial Corporation	704,058	$22.6B	389.39%
82	MPCMarathon Petroleum Corporation	575,077	$21.5B	369.79%
83	MUSAMurphy USA, Inc.	190,142	$21.4B	368.28%
84	GDGeneral Dynamics Corporation	139,193	$20.8B	357.89%
85	TNETTriNet Group, Inc.	330,456	$20.1B	346.43%
86	HDHome Depot, Inc.	79,615	$19.9B	343.09%
87	FASTFastenal Company	464,967	$19.9B	342.66%
88	IPGInterpublic Group of Companies	1,135,329	$19.5B	335.15%
89	CORECore-Mark Holding Company, Inc	779,031	$19.4B	334.44%
90	MDTMedtronic PLC	210,747	$19.3B	332.45%
91	MRKMerck & Co., Inc.	246,419	$19.1B	327.82%
92	OMCOmnicom Group Inc	343,750	$18.8B	322.88%
93	DGXQuest Diagnostics Incorporated	161,242	$18.4B	316.10%
94	DXCDXC Technology Co.	1,083,187	$17.9B	307.47%
95	SSFSensient Technologies Corporat	341,594	$17.8B	306.52%
96	SABRSabre Corp.	2,206,071	$17.8B	305.88%
97	WEPMagellan Midstream Partners, L	406,857	$17.6B	302.15%
98	TRSTrimas Corporation	685,197	$16.4B	282.30%
99	ACAArcosa Inc	369,263	$15.6B	268.07%
100	FWRDUSDForward Air Corporation	308,567	$15.4B	264.46%

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