RIVER ROAD ASSET MANAGEMENT, LLC

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Number of Employees:

44 -12.00%

of those in investment advisory functions:

19 -17.39%

Registration:

SEC, Approved, 4/28/2005

AUM:

7,678,048,654 -1.59%

of that, discretionary:

7,678,048,654 -1.59%

GAV:

0

Avg Account Size:

82,559,663 17.46%

% High Net Worth:

25.00% -37.79%

SMA’s:

YES

Private Funds:

0

Contact Info

502 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
10B 8B 7B 6B 4B 3B 1B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

River Road Asset Management, LLC Buys 1, Sells 4 in 3rd Quarter
11/04/2022

Related Stocks: BJ, LBRDK, NCR, EVTC, MUSA,

gurufocus.com

River Road Asset Management, LLC Buys 1, Sells 4 in 2nd Quarter
07/20/2022

Related Stocks: SNX, LSXMK, NWSA, BRK.B, CDK,

gurufocus.com

River Road Asset Management, LLC Buys Axalta Coating Systems, Alight Inc, News Corp, Sells ...
11/12/2021

Related Stocks: AXTA, NWSA, FISV, PGR, AEL, PDCO, ALIT, ACIW, WLTW, KDP, MGRC, EHTH, NLSN, WPF, ECOL, ORBC, PBF, LAZ,

gurufocus.com

Financial concerns cast doubt on State Road 32 project
04/09/2021

The Westfield City Council president is questioning whether to move forward with a road-widening project more than a decade in the making over concerns that it will exceed its budget.

ibj.com

North Port commission to discuss Warm Mineral Springs improvement plan funding
04/09/2021

It will mark the first time the entire board will view plans for what could be a $19.5 million expenditure on the 83-acre park.

heraldtribune.com

Fed’s Powell: US nears full reopening to ‘different economy’
04/09/2021

The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday.

14news.com

Private Funds

No private funds

Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
05550J101 BJ's Wholesale Club Holdings, $295,231,993 4.00% 14.00% 0.00%
047649108 Atkore Inc $224,020,217 3.00% 11.00% -7.00%
501889208 LKQ Corporation $245,319,447 3.00% 9.00% -2.00%
G9618E107 White Mountains Insurance Grou $221,274,870 3.00% 16.00% -3.00%
626755102 Murphy USA, Inc. $155,646,445 2.00% 12.00% -5.00%
668074305 NorthWestern Energy Group, Inc $114,300,722 2.00% 4.00% 4.00%
87162W100 TD SYNNEX Corporation $127,391,768 2.00% 2.00% -3.00%
904708104 UniFirst Corporation $144,176,174 2.00% -7.00% -2.00%
92840M102 Vistra Corp. $152,550,425 2.00% -9.00% -49.00%
96208T104 WEX Inc. $156,294,740 2.00% 10.00% -10.00%

Brochure Summary

Overview

A. Our Firm River Road is a registered investment adviser formed in April 2005. The firm’s founding principals are R. Andrew Beck (CEO, Senior Portfolio Manager), James C. Shircliff, CFA (Executive Advisor), and Henry W. Sanders III, CFA (EVP & Senior Portfolio Manager). Affiliated Managers Group, Inc. (AMG) indirectly holds a majority equity interest in River Road. River Road’s executive team and senior professionals hold the remaining equity interests in the firm. River Road’s management team retains autonomy in both the operation of the company and the management of the firm’s investment portfolios. AMG is a publicly-listed (NYSE: AMG) asset management company that holds equity interests in boutique investment management firms around the globe (“AMG Affiliates”). Further information on both AMG and AMG’s Affiliates is provided in Item 10. B. Advisory Services Offered River Road provides discretionary equity investment management services to U.S. and non-U.S. institutional and private clients and sub-advisory services to several registered investment companies and other U.S. and non-U.S. commingled funds. River Road also acts as a non-discretionary model portfolio provider as more fully described in Item 4.D. River Road offers several investment strategies. Each strategy adheres to River Road’s general investment philosophy, which is implemented through adherence to River Road’s investment process and guidelines for the respective strategy. Please see Item 8.A for more information. C. Ability to Tailor Advisory Services River Road tailors its advisory services to the individual needs of clients within the framework of the established strategy investment guidelines. If a client requests River Road follow their written investment guidelines or investment policy statement, River Road adheres to the client’s guidelines if River Road has accepted them in writing
as part of the investment management agreement and they do not materially deviate from the established strategy investment guidelines or are otherwise acceptable (both as determined at the discretion of River Road). D. Model Portfolio Provider River Road does not participate in wrap fee programs by providing portfolio management services. However, River Road is a model portfolio provider to various investment advisers, program sponsors, and platforms of wrap fee programs (“Wrap Program”). Under the terms of the agreement between River Road and the Wrap Program, River Road is responsible for providing a model portfolio but not the investment advice provided by the Wrap Program to their end clients. River Road has no discretion over the Wrap Program accounts or whether the Wrap Program follows the model. River Road considers these client assets as advisory-only assets. River Road updates and communicates the models as part of its trading process, and for some strategies this means the model will be part of River Road’s directed accounts trade rotation. Please see Item 12.C for a description of River Road’s relevant trade processes and the consequences of being a directed account. River Road receives a portion of the wrap fee for providing the model portfolio. Please see Item 5.A for more details. E. Client Assets As of December 31, 2022, River Road had $7,802,138,241 in discretionary client assets under management. Additionally, as of December 31, 2022, River Road had approximately $2,402,158,556 in advisory-only assets (no control over implementation of investment decisions and no trading authority). We report model portfolio assets in this section but do not consider such assets as non- discretionary “regulatory assets under management” for purposes of Item 5.F of ADV Part 1A. MARCH 30, 2023 FORM ADV PART 2A FIRM BROCHURE I Page 2