River Road Asset Management, LLC Q4 2019 Filing

Filed February 12, 2020

Portfolio Value

$6.3B

Holdings

155

Report Date

Q4 2019

Filing Type

13F-HR

All Holdings (155 positions)

#	Stock	Shares	Value	% Portfolio
1	TWNKEURHostess Brands, Inc. Class A	11,375,042	$165.4M	2.61%
2	PINCPremier Inc. Class A	4,248,141	$160.9M	2.54%
3	CMCSAComcast Corporation Class A	3,205,499	$144.2M	2.27%
4	CNNECannae Holdings, Inc.	3,709,717	$138.0M	2.18%
5	KMIKinder Morgan Inc Class P	6,295,927	$133.3M	2.10%
6	TFCTruist Financial Corporation	2,340,163	$131.8M	2.08%
7	—GCI Liberty, Inc. Class A	1,739,527	$123.2M	1.94%
8	DISCKUSDDiscovery, Inc. Class C	4,009,178	$122.2M	1.93%
9	LBRDKLiberty Broadband Corp. Class	920,486	$115.8M	1.83%
10	USBU.S. Bancorp	1,821,744	$108.0M	1.70%
11	BRK/BBerkshire Hathaway Inc. Class	471,309	$106.8M	1.68%
12	STAYUSDExtended Stay America, Inc.	6,884,446	$102.3M	1.61%
13	ATSG*Air Transport Services Group,	4,281,560	$100.4M	1.58%
14	LKQ1LKQ Corporation	2,764,990	$98.7M	1.56%
15	SABRSabre Corp.	4,396,992	$98.7M	1.56%
16	VYXNCR Corporation	2,797,658	$98.4M	1.55%
17	EXPEExpedia Group, Inc.	844,374	$91.3M	1.44%
18	MPCMarathon Petroleum Corporation	1,493,137	$90.0M	1.42%
19	AESAES Corporation	4,458,902	$88.7M	1.40%
20	LILALiberty Latin America Ltd. Cla	4,511,467	$87.8M	1.38%
21	WTMWhite Mountains Insurance Grou	74,072	$82.6M	1.30%
22	CDKCDK Global Inc	1,390,032	$76.0M	1.20%
23	—Cubic Corporation	1,161,957	$73.9M	1.17%
24	EPDEnterprise Products Partners L	2,604,329	$73.3M	1.16%
25	DYHTarget Corporation	558,082	$71.6M	1.13%
26	BMYBristol-Myers Squibb Company	1,111,927	$71.4M	1.13%
27	NVRIHarsco Corporation	3,060,276	$70.4M	1.11%
28	SIXEURSix Flags Entertainment Corpor	1,554,699	$70.1M	1.11%
29	GLWCorning Inc	2,359,042	$68.7M	1.08%
30	BACVerizon Communications Inc.	1,084,822	$66.6M	1.05%
31	BAMBrookfield Asset Management In	1,125,761	$65.1M	1.03%
32	CNKCinemark Holdings, Inc.	1,902,933	$64.4M	1.02%
33	AXSAxis Capital Holdings Limited	1,072,850	$63.8M	1.01%
34	PRSUViad Corp	940,196	$63.5M	1.00%
35	PGRProgressive Corporation	859,803	$62.2M	0.98%
36	WBAWalgreens Boots Alliance Inc	1,052,688	$62.1M	0.98%
37	CSCOCisco Systems, Inc.	1,235,108	$59.2M	0.93%
38	UNHUnitedHealth Group Incorporate	201,343	$59.2M	0.93%
39	FASTFastenal Company	1,576,795	$58.3M	0.92%
40	BJBJ's Wholesale Club Holdings,	2,542,691	$57.8M	0.91%
41	KMBKimberly-Clark Corporation	419,839	$57.7M	0.91%
42	DDominion Energy Inc	690,328	$57.2M	0.90%
43	MSMMSC Industrial Direct Co., Inc	687,478	$53.9M	0.85%
44	UNFUniFirst Corporation	266,986	$53.9M	0.85%
45	VENVentas, Inc.	925,499	$53.4M	0.84%
46	PNCPNC Financial Services Group,	331,494	$52.9M	0.83%
47	FNFFidelity National Financial, I	1,152,750	$52.3M	0.82%
48	IRMIron Mountain, Inc.	1,635,549	$52.1M	0.82%
49	AVYAUSDAvaya Holdings Corp.	3,857,746	$52.1M	0.82%
50	YELPYelp Inc	1,489,878	$51.9M	0.82%
51	AGXArgan, Inc.	1,291,263	$51.8M	0.82%
52	AMGNAmgen Inc.	207,871	$50.1M	0.79%
53	OMCOmnicom Group Inc	614,971	$49.8M	0.79%
54	UPSUnited Parcel Service, Inc. Cl	420,801	$49.3M	0.78%
55	ENOVColfax Corporation	1,286,473	$46.8M	0.74%
56	FIXComfort Systems USA, Inc.	909,989	$45.4M	0.72%
57	PEPPepsiCo, Inc.	325,522	$44.5M	0.70%
58	LSXMKUSDLiberty Media Corp. Series C L	920,482	$44.3M	0.70%
59	—FGL Holdings Class A	4,137,068	$44.1M	0.70%
60	ULUnilever PLC Sponsored ADR	764,207	$43.7M	0.69%
61	LYBLyondellBasell Industries NV	458,669	$43.3M	0.68%
62	IPGInterpublic Group of Companies	1,838,752	$42.5M	0.67%
63	WMBWilliams Companies, Inc.	1,764,855	$41.9M	0.66%
64	IMKTAIngles Markets, Incorporated C	866,289	$41.2M	0.65%
65	ABBVAbbVie, Inc.	458,829	$40.6M	0.64%
66	NVTnVent Electric plc	1,521,543	$38.9M	0.61%
67	ITWIllinois Tool Works Inc.	212,061	$38.1M	0.60%
68	AWIArmstrong World Industries, In	401,475	$37.7M	0.60%
69	MSGNMSG Networks Inc. Class A	2,147,658	$37.4M	0.59%
70	PBFPBF Energy, Inc. Class A	1,190,242	$37.3M	0.59%
71	QCOMQUALCOMM Incorporated	422,074	$37.2M	0.59%
72	MUSAMurphy USA, Inc.	316,864	$37.1M	0.58%
73	EAFEURGrafTech International Ltd.	3,071,953	$35.7M	0.56%
74	WFCWells Fargo & Company	656,454	$35.3M	0.56%
75	PFEPfizer Inc.	892,891	$35.0M	0.55%
76	LAZLazard Ltd Class A	869,582	$34.7M	0.55%
77	MCKMcKesson Corporation	249,450	$34.5M	0.54%
78	XOMExxon Mobil Corporation	475,444	$33.2M	0.52%
79	AYAtlantica Yield plc	1,184,857	$31.3M	0.49%
80	FSC1EUROaktree Specialty Lending Corp	5,551,343	$30.3M	0.48%
81	—Nielsen Holdings Plc	1,483,484	$30.1M	0.48%
82	RHPRyman Hospitality Properties,	340,562	$29.5M	0.47%
83	TRI4EURThomson Reuters Corporation	406,571	$29.1M	0.46%
84	WEPMagellan Midstream Partners, L	451,388	$28.4M	0.45%
85	CNACNA Financial Corporation	622,283	$27.9M	0.44%
86	PS1Computer Programs and Systems,	1,052,182	$27.8M	0.44%
87	VLOValero Energy Corporation	286,257	$26.8M	0.42%
88	CVXChevron Corporation	220,972	$26.6M	0.42%
89	WKCWorld Fuel Services Corporatio	610,647	$26.5M	0.42%
90	INTCIntel Corporation	431,915	$25.9M	0.41%
91	WBSWebster Financial Corporation	475,998	$25.4M	0.40%
92	SBCSabra Health Care REIT, Inc.	1,106,937	$23.6M	0.37%
93	FUNCedar Fair, L.P.	420,927	$23.3M	0.37%
94	REZIResideo Technologies, Inc.	1,817,424	$21.7M	0.34%
95	—Vonage Holdings Corp.	2,789,783	$20.7M	0.33%
96	IWMiShr Russell 2000 Index	123,000	$20.4M	0.32%
97	ATDAllegheny Technologies Incorpo	962,205	$19.9M	0.31%
98	ACAArcosa Inc	445,382	$19.8M	0.31%
99	MPAAMotorcar Parts of America, Inc	893,153	$19.7M	0.31%
100	CNDTConduent, Inc.	3,117,947	$19.3M	0.30%

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