COOKE & BIELER LP

Long Only Manager • Value

COOKE & BIELER LP is a Value-focused institution based in Philadelphia, PA led by Edward W O'Connor, reporting $11.4B in AUM as of Q3 2025 with GIL as the largest holding (4% allocation).

PartnerEdward W O'Connor

Portfolio Value: $9.7B
Positions: 99
Top Holding: GIL at 4.35%
Last Reported: Q3 2025

AddressTwo Commerce Square, 2001 Market Street, Suite 4000, Philadelphia, PA, 19103, United States

Top Holdings

Largest long holdings in COOKE & BIELER LP's portfolio (26.9% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Gildan Activewear GIL	Apparel - Manufacturers Consumer Cyclical	$420.8M	4.35%	-$3.0M Sold	4.88% 7.3M shares	≤ Q2 2013 Held for 12y 5m+
2 Fidelity National Financial FNF	Insurance - Specialty Financial Services	$318.1M	3.28%	+$34.7M Bought	1.94% 5.3M shares	Q2 2014 Held for 11y 5m
3 RenaissanceRe Holdings RNR	Insurance - Reinsurance Financial Services	$281.1M	2.90%	-$19.5M Sold	2.35% 1.1M shares	Q4 2020 Held for 4y 11m
4 AerCap Holdings N.V. AER	Rental & Leasing Services Industrials	$278.4M	2.88%	-$29.5M Sold	1.29% 2.3M shares	≤ Q2 2013 Held for 12y 5m+
5 RB Global RBA	Specialty Business Services Industrials	$275.6M	2.85%	-$39.3M Sold	1.37% 2.5M shares	Q1 2023 Held for 2y 8m
6 Crown Castle CCI	REIT - Specialty Real Estate	$233.4M	2.41%	+$13.3M Bought	0.56% 2.4M shares	Q4 2023 Held for 1y 11m
7 Labcorp Holdings LH	Medical - Diagnostics & Research Healthcare	$216.6M	2.24%	-$18.2M Sold	0.91% 754.4K shares	Q1 2014 Held for 11y 8m
8 Arch Capital Group ACGL	Insurance - Diversified Financial Services	$210.9M	2.18%	+$210.9M Bought	0.62% 2.3M shares	Q3 2025 Held for 2 months
9 Omnicom Group OMC	Advertising Agencies Communication Services	$185.1M	1.91%	-$6.1M Sold	1.17% 2.3M shares	≤ Q2 2013 Held for 12y 5m+
10 White Mountains Insurance Group WTM	Insurance - Property & Casualty Financial Services	$180.3M	1.86%	+$51.9M Bought	4.19% 107.9K shares	Q4 2024 Held for 11 months

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in COOKE & BIELER LP's latest filing

See all changes

GthenC

Market Value

$9.7B

Prior: $10.0B

Q/Q Change

-3.07%

-$306.6M

Net Flows % of MV

-10.14%

Turnover Ratio

11.24%

New Purchases

3 stocks

$100.7M

Added To

40 stocks

+$535.5M

Sold Out Of

5 stocks

$45.9M

Reduced Holdings

52 stocks

-$1.6B

Increased Positions

Position	Shares Δ	Change
1 Fiserv FI	New	0 → 463.3K +$59.7M
2 HNI HNI	New	0 → 613.5K +$28.7M
3 Simpson Manufacturing SSD	New	0 → 72.9K +$12.2M
4 H.B. Fuller FUL	+94.89%	759.9K → 1.5M +$42.7M
5 ESAB ESAB	+64.33%	606.4K → 996.5K +$43.6M

Decreased Positions

Position	Shares Δ	Change
1 Gates Industrial Corporation GTES	Sold	1.9M → 0 −$44.1M
2 Reliance RS	Sold	2.0K → 0 −$627.8K
3 Ametek AME	Sold	3.2K → 0 −$573.6K
4 Illinois Tool Works ITW	Sold	1.5K → 0 −$370.9K
5 Kenvue KVUE	Sold	9.8K → 0 −$205.7K