Q2 2026 13F · SEC CIK 1459754

Wallace Capital Management Inc.

Wealth managerFiled 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $912.1M
Reported positions: 77
Top holdings a year, 3 yrs: +11.9%
Assets under management: $1.5B

Wallace Capital Management Inc. is a wealth manager that reported 77 positions worth $912.1M in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Graham Hldgs Co Com Cl B (GHC, 19.6%), White Mtns Ins Group Ltd (WTM, 18.2%), Berkshire Hathaway Inc Del (BRK-B, 14.5%). A portfolio copying its top holdings returned 11.9% a year over the last 3 years, against 20.4% for the S&P 500.

Wallace Capital Management Inc. holdings largest 50 of 77 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Wallace Capital Management Inc. 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
GHCGraham Hldgs Co Com Cl B	19.6%	18.8%	156,376	+0.8%	$178.5M
WTMWhite Mtns Ins Group Ltd	18.2%	19.9%	80,067	+1.6%	$166.0M
BRK-BBerkshire Hathaway Inc Del	14.5%	13.3%	263,465	+8.9%	$131.8M
PPLIPeople Inc	5.7%	5.1%	1,127,772	+0.8%	$52.1M
UHALBU Haul Holding Company	3.5%	2.8%	557,360	+2.9%	$32.2M
SEBSeaboard Corp	3.4%	4.8%	6,871	-7.1%	$30.7M
LLoews Corp	3.0%	3.2%	244,525	-5.0%	$27.7M
JNJJohnson & Johnson	2.9%	3.3%	105,306	-11.0%	$26.7M
MHKMohawk Inds Inc	2.9%	2.4%	218,805	+2.4%	$26.5M
AMGAffiliated Managers Group	2.2%	2.0%	58,334	-7.2%	$19.7M
TAPMolson Coors Beverage Co	1.9%	2.3%	445,346	-2.4%	$17.4M
IMKTAIngles Mkts Inc	1.9%	2.0%	192,195	-0.1%	$17.0M
CNXCnx Res Corp	1.8%	1.9%	496,627	+17.2%	$16.9M
POSTPost Hldgs Inc	1.8%	1.3%	186,530	+57.9%	$16.5M
RSGRepublic Svcs Inc	1.8%	2.0%	77,246	-3.6%	$16.5M
LBTYALiberty Global-A	1.7%	1.8%	1,342,309	+4.3%	$15.3M
HTLDHeartland Express Inc Com	1.6%	1.2%	965,007	-0.6%	$14.7M
ZTSZoetis Inc	1.6%	—	197,251	—	$14.2M
ULUnilever PLC	1.3%	1.2%	200,651	+10.5%	$12.1M
JOUTJohnson Outdoors Inc	1.3%	1.3%	248,207	-0.3%	$11.4M
GLBKVLiberty Cap Corp	1.2%	2.2%	492,557	-5.1%	$10.6M
AAPLApple Inc	0.4%	0.4%	12,969	+5.1%	$3.8M
PGProcter & Gamble Co	0.4%	0.4%	24,139	-1.7%	$3.5M
GOOGAlphabet Inc	0.4%	0.3%	9,462	+14.8%	$3.3M
LBTYKLiberty Global Ltd	0.3%	0.5%	289,811	-13.7%	$3.2M
BRK-ABerkshire Hathaway Inc Del	0.3%	1.2%	4	-71.4%	$3.0M
UHALU Haul Holding Company	0.3%	0.3%	45,170	-3.2%	$3.0M
KOCoca Cola Co	0.2%	0.3%	26,328	-30.6%	$2.1M
LBRDKLiberty Broadband Corp	0.2%	0.4%	54,758	-10.5%	$1.8M
SPYState Str Spdr S&p 500 ETF T	0.2%	0.2%	2,205	-27.8%	$1.6M
SIRISiriusxm Holdings Inc	0.2%	0.1%	53,407	+0.0%	$1.6M
MRKMerck & Co Inc	0.2%	0.2%	11,829	-29.4%	$1.5M
TRIPTripadvisor Inc	0.2%	0.2%	108,543	-30.2%	$1.5M
MDLZMondelez International	0.2%	0.2%	25,697	-7.9%	$1.5M
MSFTMicrosoft Corp	0.2%	0.1%	3,954	+17.1%	$1.5M
GOOGLAlphabet Inc	0.2%	0.1%	4,059	+12.7%	$1.5M
VVisa Inc	0.2%	0.1%	4,222	+24.3%	$1.4M
MAMastercard Incorporated	0.1%	0.1%	2,478	+0.0%	$1.3M
HSYHershey Co	0.1%	0.2%	6,835	-2.4%	$1.2M
LLYVKLiberty Live Holdings Inc	0.1%	0.1%	11,330	-0.4%	$1.2M
XOMExxon Mobil Corp	0.1%	0.2%	8,442	-6.4%	$1.2M
JPMJpmorgan Chase & Co	0.1%	0.1%	3,515	+47.1%	$1.2M
VOOVanguard Index Fds	0.1%	0.1%	1,492	+2.1%	$1.0M
PMPhilip Morris Intl Inc	0.1%	0.1%	5,639	+60.6%	$1.0M
UNHUnitedhealth Group Inc	0.1%	0.1%	2,119	+0.0%	$881K
LLYEli Lilly & Co	0.1%	—	723	—	$867K
CLColgate Palmolive Co	0.1%	0.1%	8,735	-9.2%	$801K
CLXClorox Company	0.1%	0.1%	8,216	-14.9%	$784K
CABOCable One Inc	0.1%	0.1%	11,567	-2.0%	$614K
HIFSHingham Instn Svgs Mass	0.1%	—	2,000	—	$614K

What Wallace Capital Management Inc. bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Added to

PM Philip Morris Intl Inc+60.6% shares
POST Post Hldgs Inc+57.9% shares
JPM Jpmorgan Chase & Co+47.1% shares
V Visa Inc+24.3% shares
CNX Cnx Res Corp+17.2% shares
MSFT Microsoft Corp+17.1% shares
GOOG Alphabet Inc+14.8% shares
GOOGL Alphabet Inc+12.7% shares

Reduced

BRK-A Berkshire Hathaway Inc Del-71.4% shares
KO Coca Cola Co-30.6% shares
TRIP Tripadvisor Inc-30.2% shares
MRK Merck & Co Inc-29.4% shares
SPY State Str Spdr S&p 500 ETF T-27.8% shares
CLX Clorox Company-14.9% shares
LBTYK Liberty Global Ltd-13.7% shares
JNJ Johnson & Johnson-11.0% shares

Left the top 50

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +11.3% /yr; S&P 500 +20.1%
3 years: +11.9% /yr; S&P 500 +20.4%
5 years: +6.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$912.1M	77
Q1 2026	$870.8M	75
Q4 2025	$830.5M	75
Q3 2025	$804.7M	77
Q2 2025	$733.9M	72
Q1 2025	$781.0M	83
Q4 2024	$731.8M	81
Q3 2024	$738.5M	85
Q2 2024	$690.0M	79
Q1 2024	$733.1M	77
Q4 2023	$672.5M	76
Q3 2023	$651.5M	77

Questions about Wallace Capital Management Inc.'s portfolio

What stocks does Wallace Capital Management Inc. own?

Wallace Capital Management Inc.'s latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 77 positions worth $912.1M. The largest are Graham Hldgs Co Com Cl B (GHC) at 19.6%, White Mtns Ins Group Ltd (WTM) at 18.2%, Berkshire Hathaway Inc Del (BRK-B) at 14.5%, People Inc (PPLI) at 5.7% and U Haul Holding Company (UHALB) at 3.5%.

What did Wallace Capital Management Inc. buy last quarter?

In Q2 2026, Wallace Capital Management Inc. added Philip Morris Intl Inc (PM) (+60.6% shares), Post Hldgs Inc (POST) (+57.9% shares) and Jpmorgan Chase & Co (JPM) (+47.1% shares), compared with its Q1 2026 filing.

What did Wallace Capital Management Inc. sell last quarter?

In Q2 2026, Wallace Capital Management Inc. cut from its top 50 Piper Sandler Companies (PIPR), cut from its top 50 Enbridge Inc (ENB), cut from its top 50 Magnum Ice Cream (MICC), Berkshire Hathaway Inc Del (BRK-A) (-71.4% shares), Coca Cola Co (KO) (-30.6% shares) and Tripadvisor Inc (TRIP) (-30.2% shares), compared with its Q1 2026 filing.

How has Wallace Capital Management Inc.'s portfolio performed?

A portfolio copying Wallace Capital Management Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +11.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +11.3% against +20.1%. Over 5 years: +6.1% a year against +11.6%.

When is Wallace Capital Management Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Wallace Capital Management Inc.'s filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Wallace Capital Management Inc. manage?

Wallace Capital Management Inc. reported $1.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $912.1M.