Investment management company Vulcan Value Partners recently released its fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. All the strategies of Vulcan Value Partners delivered positive results in the year. The Large Cap Composite (Net) returned -1.5% in Q4 and 7.9% YTD, the Small Cap Composite (Net) gained 3.2% in Q4 and 9.5% YTD, The Focus Composite (Net) retuned 0.1% in Q4 and 7.1% YTD, Focus Plus Composite (Net) returned 0.1% in Q4 and 6.2% YTD and the All-Cap Composite (Net) returned 1.3% in Q4 and 10.7% YTD. Despite overvalued markets, the firm improved its price-to-value ratios while still achieving positive returns, prioritizing safety and long-term gains over short-term performance. This situation echoes the late 1990s dot-com bubble, where hype and high valuations led to a crash, and today’s AI disruptions seem to mirror that pattern, with investors risking overpaying for promising businesses. The firm is addressing such situations by sticking to its investment discipline. For more information on the firm’s best picks in 2025, please check its top five holdings. In addition, please check the firm’s top five holdings to know its best picks in 2025.
In its fourth-quarter 2025 investor letter, Vulcan Value Partners highlighted stocks like SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). Vulcan Value Partners exited its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) from its Large Cap Strategy during the quarter. Headquartered in Windsor, Connecticut, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) is a software products and software-enabled services provider to the financial and healthcare sectors. The one-month return of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was -4.23%, and its shares gained 7.31% of their value over the last 52 weeks. On January 22, 2026, SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) stock closed at $85.83 per share, with a market capitalization of $20.961 billion.
Vulcan Value Partners stated the following regarding SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) in its fourth quarter 2025 investor letter:
“SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) was an excellent investment for us. We purchased shares in the summer of 2023 amid concerns around slowing organic growth and a potentially challenging environment for many of the company’s financial services clients. Our view was that the investments SS&C was making into sales & marketing and product development had already begun to yield positive results. Over the last couple of years, SS&C has exceeded our expectations around organic revenue growth, margins and free cash flow. The market has increasingly appreciated the company’s results and our margin of safety has narrowed. As a result, we sold our position and reallocated to more attractive opportunities.”
