Wallace Capital Management
DALLAS, TXfiles as Wallace Capital Management Inc.
$912m in 77 US stocks at the end of 30 June 2026. The top 10 are 75.9% of the money. It changed about 7.2% of the portfolio this quarter.
Value
$912m
Stocks
77
Top 10 share
75.9%
Turnover
7.2%
What changed this quarter
New
Bought for the first time this quarter.
- Ishares TRITOT<0.1% of the fund
- Altria GroupMO<0.1% of the fund
- Invesco QQQ TRQQQ<0.1% of the fund
Added
Bought more of a stock they already held.
- Berkshire HathawayBRK-B14.5% of the fund+9%
- U-Haul HoldingUHAL-B3.5% of the fund+3%
- Mohawk IndustriesMHK2.9% of the fund+2%
- CNX ResourcesCNX1.8% of the fund+17%
- Post HoldingsPOST1.8% of the fund+58%
- Liberty GlobalLBTYA1.7% of the fund+4%
- ZoetisZTS1.6% of the fund+5550%
- UnileverUL1.3% of the fund+11%
- AppleAAPL0.4% of the fund+5%
- AlphabetGOOG0.4% of the fund+15%
- MicrosoftMSFT0.2% of the fund+17%
- AlphabetGOOGL0.2% of the fund+13%
- VisaV0.2% of the fund+24%
- JPMorgan ChaseJPM0.1% of the fund+47%
- Vanguard Index FDSVOO0.1% of the fund+2%
- Philip Morris InternationalPM0.1% of the fund+61%
- Eli LillyLLY<0.1% of the fund+55%
- Hingham Instn Svgs MassHIFS<0.1% of the fund+100%
- RTXRTX<0.1% of the fund+163%
- AbbVieABBV<0.1% of the fund+29%
- AmgenAMGN<0.1% of the fund+63%
- General MillsGIS<0.1% of the fund+85%
Cut
Sold some of their stake.
- SeaboardSEB3.4% of the fund-7%
- LoewsL3.0% of the fund-5%
- Johnson & JohnsonJNJ2.9% of the fund-11%
- Affiliated Managers GroupAMG2.2% of the fund-7%
- Molson Coors BeverageTAP1.9% of the fund-2%
- Republic ServicesRSG1.8% of the fund-4%
- Liberty CapitalGLIBK1.2% of the fund-5%
- Liberty GlobalLBTYK0.3% of the fund-14%
- Berkshire Hathaway INC DELBRK-A0.3% of the fund-71%
- U-Haul HoldingUHAL0.3% of the fund-3%
- Coca-ColaKO0.2% of the fund-31%
- Liberty BroadbandLBRDK0.2% of the fund-11%
- State STR Spdr S&P 500 ETF TSPY0.2% of the fund-28%
- MerckMRK0.2% of the fund-29%
- TripAdvisorTRIP0.2% of the fund-30%
- Mondelez InternationalMDLZ0.2% of the fund-8%
- HersheyHSY0.1% of the fund-2%
- ExxonMobil HoldingsXOM0.1% of the fund-6%
- Colgate-PalmoliveCL<0.1% of the fund-9%
- CloroxCLX<0.1% of the fund-15%
- EnbridgeENB<0.1% of the fund-12%
- AmphenolAPH<0.1% of the fund-9%
- Magnum Ice CreamMICC<0.1% of the fund-37%
- McDonald'sMCD<0.1% of the fund-6%
- Vanguard Index FDSVO<0.1% of the fund-7%
Sold out
Sold their entire stake.
Holdings
- UnileverUL
- Share
- 1.3%
- Value
- $12m
- Shares
- 200,651
+11%
- Berkshire Hathaway INC DELBRK-A
- Share
- 0.3%
- Value
- $3m
- Shares
- 4
-71%
- Liberty BroadbandLBRDK
- Share
- 0.2%
- Value
- $2m
- Shares
- 54,758
-11%
- State STR Spdr S&P 500 ETF TSPY
- Share
- 0.2%
- Value
- $2m
- Shares
- 2,205
-28%
- Vanguard Index FDSVOO
- Share
- 0.1%
- Value
- $1m
- Shares
- 1,492
+2%
- Hingham Instn Svgs MassHIFS
- Share
- <0.1%
- Value
- $614,300
- Shares
- 2,000
+100%
- Ishares TRITOT
- Share
- <0.1%
- Value
- $542,091
- Shares
- 3,300
New
- Vanguard Tax-Managed FDSVEA
- Share
- <0.1%
- Value
- $275,168
- Shares
- 3,862
Held
- Ishares TRIVV
- Share
- <0.1%
- Value
- $269,950
- Shares
- 360
Held
- Dimensional ETF TrustDFUV
- Share
- <0.1%
- Value
- $251,231
- Shares
- 4,567
Held
- Invesco QQQ TRQQQ
- Share
- <0.1%
- Value
- $250,928
- Shares
- 341
New
- Vanguard Index FDSVO
- Share
- <0.1%
- Value
- $230,430
- Shares
- 2,860
-7%
- Vodafone GroupVOD
- Share
- <0.1%
- Value
- $198,375
- Shares
- 15,000
Held
- HaleonHLN
- Share
- <0.1%
- Value
- $110,428
- Shares
- 11,836
-41%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Graham HoldingsGHC | 19.6% | $178m | 156,376 | Held |
| White Mountains Insurance GroupWTM | 18.2% | $166m | 80,067 | Held |
| Berkshire HathawayBRK-B | 14.5% | $132m | 263,465 | +9% |
| People Inc.PPLI | 5.7% | $52m | 1,127,772 | Held |
| U-Haul HoldingUHAL-B | 3.5% | $32m | 557,360 | +3% |
| SeaboardSEB | 3.4% | $31m | 6,871 | -7% |
| LoewsL | 3.0% | $28m | 244,525 | -5% |
| Johnson & JohnsonJNJ | 2.9% | $27m | 105,306 | -11% |
| Mohawk IndustriesMHK | 2.9% | $27m | 218,805 | +2% |
| Affiliated Managers GroupAMG | 2.2% | $20m | 58,334 | -7% |
| Molson Coors BeverageTAP | 1.9% | $17m | 445,346 | -2% |
| Ingles MarketsIMKTA | 1.9% | $17m | 192,195 | Held |
| CNX ResourcesCNX | 1.8% | $17m | 496,627 | +17% |
| Post HoldingsPOST | 1.8% | $16m | 186,530 | +58% |
| Republic ServicesRSG | 1.8% | $16m | 77,246 | -4% |
| Liberty GlobalLBTYA | 1.7% | $15m | 1,342,309 | +4% |
| Heartland ExpressHTLD | 1.6% | $15m | 965,007 | Held |
| ZoetisZTS | 1.6% | $14m | 197,251 | +5550% |
| UnileverUL | 1.3% | $12m | 200,651 | +11% |
| Johnson OutdoorsJOUT | 1.3% | $11m | 248,207 | Held |
| Liberty CapitalGLIBK | 1.2% | $11m | 492,557 | -5% |
| AppleAAPL | 0.4% | $4m | 12,969 | +5% |
| Procter & GamblePG | 0.4% | $4m | 24,139 | Held |
| AlphabetGOOG | 0.4% | $3m | 9,462 | +15% |
| Liberty GlobalLBTYK | 0.3% | $3m | 289,811 | -14% |
| Berkshire Hathaway INC DELBRK-A | 0.3% | $3m | 4 | -71% |
| U-Haul HoldingUHAL | 0.3% | $3m | 45,170 | -3% |
| Coca-ColaKO | 0.2% | $2m | 26,328 | -31% |
| Liberty BroadbandLBRDK | 0.2% | $2m | 54,758 | -11% |
| State STR Spdr S&P 500 ETF TSPY | 0.2% | $2m | 2,205 | -28% |
| Sirius XM HoldingsSIRI | 0.2% | $2m | 53,407 | Held |
| MerckMRK | 0.2% | $2m | 11,829 | -29% |
| TripAdvisorTRIP | 0.2% | $1m | 108,543 | -30% |
| Mondelez InternationalMDLZ | 0.2% | $1m | 25,697 | -8% |
| MicrosoftMSFT | 0.2% | $1m | 3,954 | +17% |
| AlphabetGOOGL | 0.2% | $1m | 4,059 | +13% |
| VisaV | 0.2% | $1m | 4,222 | +24% |
| MastercardMA | 0.1% | $1m | 2,478 | Held |
| HersheyHSY | 0.1% | $1m | 6,835 | -2% |
| Liberty Live HoldingsLLYVK | 0.1% | $1m | 11,330 | Held |
| ExxonMobil HoldingsXOM | 0.1% | $1m | 8,442 | -6% |
| JPMorgan ChaseJPM | 0.1% | $1m | 3,515 | +47% |
| Vanguard Index FDSVOO | 0.1% | $1m | 1,492 | +2% |
| Philip Morris InternationalPM | 0.1% | $1m | 5,639 | +61% |
| UnitedHealth GroupUNH | <0.1% | $880,720 | 2,119 | Held |
| Eli LillyLLY | <0.1% | $867,188 | 723 | +55% |
| Colgate-PalmoliveCL | <0.1% | $800,825 | 8,735 | -9% |
| CloroxCLX | <0.1% | $784,135 | 8,216 | -15% |
| Cable OneCABO | <0.1% | $614,319 | 11,567 | Held |
| Hingham Instn Svgs MassHIFS | <0.1% | $614,300 | 2,000 | +100% |
| RTXRTX | <0.1% | $564,447 | 2,975 | +163% |
| Piper Sandler CompaniesPIPR | <0.1% | $549,784 | 7,600 | Held |
| AbbVieABBV | <0.1% | $544,841 | 2,165 | +29% |
| Ishares TRITOT | <0.1% | $542,091 | 3,300 | New |
| EnbridgeENB | <0.1% | $479,542 | 8,846 | -12% |
| AmphenolAPH | <0.1% | $458,432 | 2,600 | -9% |
| Altria GroupMO | <0.1% | $451,846 | 6,280 | New |
| Kraft HeinzKHC | <0.1% | $434,060 | 18,377 | Held |
| AmgenAMGN | <0.1% | $424,043 | 1,171 | +63% |
| Automatic Data ProcessingADP | <0.1% | $394,152 | 1,760 | Held |
| ChevronCVX | <0.1% | $363,843 | 2,195 | Held |
| Macy'sM | <0.1% | $352,120 | 14,952 | Held |
| General MillsGIS | <0.1% | $348,000 | 10,000 | +85% |
| Magnum Ice CreamMICC | <0.1% | $344,526 | 19,789 | -37% |
| Marsh & McLennan CompaniesMRSH | <0.1% | $335,007 | 2,010 | Held |
| McDonald'sMCD | <0.1% | $300,036 | 1,110 | -6% |
| Vanguard Tax-Managed FDSVEA | <0.1% | $275,168 | 3,862 | Held |
| Ishares TRIVV | <0.1% | $269,950 | 360 | Held |
| ProgressivePGR | <0.1% | $268,912 | 1,231 | Held |
| Dimensional ETF TrustDFUV | <0.1% | $251,231 | 4,567 | Held |
| Invesco QQQ TRQQQ | <0.1% | $250,928 | 341 | New |
| Vanguard Index FDSVO | <0.1% | $230,430 | 2,860 | -7% |
| Thermo Fisher ScientificTMO | <0.1% | $225,612 | 450 | Held |
| Goldman Sachs GroupGS | <0.1% | $222,501 | 220 | -30% |
| Booking HoldingsBKNG | <0.1% | $213,888 | 1,200 | Held |
| Vodafone GroupVOD | <0.1% | $198,375 | 15,000 | Held |
| HaleonHLN | <0.1% | $110,428 | 11,836 | -41% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 24.3% since 30 June 2025.
Where the money is
Financial services38.4%
Retail & consumer27.8%
Everyday goods6.9%
Industrials6.9%
Technology6.5%
Health care5.0%
Media & telecom4.2%
Energy2.1%
Other2.2%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.