Wallace Capital Management Inc.

Hedge Fund • Multi-Strategy

Wallace Capital Management Inc. is a Multi-Strategy Hedge Fund based in Lakeland, FL led by Christopher Lee Thomason, reporting $1.4B in AUM as of Q3 2025 with 40% Financial Services concentration, 78% concentrated in top 10 holdings, and 24% allocation to GHC.

PresidentChristopher Lee Thomason

Portfolio Value: $804.5M
Positions: 76
Top Holding: GHC at 23.74%
Last Reported: Q3 2025

Address212 E Highland Drive, Suite 201, Lakeland, FL, 33813, United States

Top Holdings

Largest long holdings in Wallace Capital Management Inc.'s portfolio (77.7% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Graham Holdings GHC	Education & Training Services Consumer Defensive	$191.0M	23.74%	+$200.1K Bought	3.72% 162.2K shares	≤ Q2 2013 Held for 12y 5m+
2 White Mountains Insurance Group WTM	Insurance - Property & Casualty Financial Services	$136.2M	16.93%	+$4.1M Bought	3.16% 81.5K shares	≤ Q2 2013 Held for 12y 5m+
3 Berkshire Hathaway BRK.B	Insurance - Diversified Financial Services	$126.2M	15.69%	+$352.4K Bought	0.01% 251.0K shares	Q4 2019 Held for 5y 11m
4 Seaboard SEB	Conglomerates Industrials	$28.2M	3.51%	+$204.2K Bought	0.81% 7.7K shares	Q1 2025 Held for 8 months
5 Johnson & Johnson JNJ	Drug Manufacturers - General Healthcare	$27.9M	3.47%	-$1.7M Sold	0.01% 150.4K shares	≤ Q2 2013 Held for 12y 5m+
6 Loews L	Insurance - Property & Casualty Financial Services	$26.9M	3.34%	+$14.3K Bought	0.13% 268.0K shares	Q3 2015 Held for 10y 2m
7 IAC, Inc. IAC	Internet Content & Information Communication Services	$25.1M	3.13%	+$25.1M New	— 738.1K shares	Q3 2025 Held for 2 months
8 Molson Coors Beverage Company TAP	Beverages - Alcoholic Consumer Defensive	$23.9M	2.97%	-$214.8K Sold	0.27% 528.5K shares	Q3 2024 Held for 1y 2m
9 Republic Services RSG	Waste Management Industrials	$20.5M	2.55%	-$501.4K Sold	0.03% 89.5K shares	≤ Q2 2013 Held for 12y 5m+
10 Mohawk Industries MHK	Furnishings, Fixtures & Appliances Consumer Cyclical	$19.0M	2.36%	+$55.4K Bought	0.24% 147.2K shares	Q1 2020 Held for 5y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Wallace Capital Management Inc.'s latest filing

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Market Value

$804.5M

Prior: $710.7M

Q/Q Change

+13.2%

+$93.8M

Net Flows % of MV

+4.99%

Turnover Ratio

3.9%

New Purchases

7 stocks

$46.3M

Added To

11 stocks

+$5.1M

Sold Out Of

2 stocks

$414.4K

Reduced Holdings

35 stocks

-$10.8M

Increased Positions

Position	Shares Δ	Change
1 IAC, Inc. IAC	New	0 → 738.1K +$25.1M
2 Ingles Markets IMKTA	New	0 → 144.5K +$10.1M
3 GCI Liberty, Inc. Series C GCI Group Common Stock GLIBK	New	0 → 151.4K +$5.6M
4 Heartland Express HTLD	New	0 → 571.5K +$4.8M
5 Idexx Laboratories IDXX	New	0 → 350.0 +$223.6K

Decreased Positions

Position	Shares Δ	Change
1 Nike NKE	Sold	3.0K → 0 −$213.1K
2 KKR & Co. KKR	Sold	1.5K → 0 −$201.3K
3 Chevron CVX	-48.38%	6.8K → 3.5K −$512.2K
4 HLN Haleon HLN	-29.21%	70.0K → 49.5K −$183.3K
5 Liberty Global LBTYK	-22.57%	793.3K → 614.2K −$2.1M

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Analytics

Portfolio insights and performance metrics for Wallace Capital Management Inc.

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Sector Allocation

Financial Services

39.90%

Consumer Defensive

31.50%

Communication Services

7.80%

Industrials

6.70%

Consumer Cyclical

4.20%

Healthcare

4.00%

Energy

1.90%

Technology

0.70%

ETF

0.40%

Market Cap Distribution

Mega Cap (> $200B)

23.73%

Large Cap ($10B - $200B)

7.15%

Mid Cap ($2B - $10B)

58.82%

Small Cap ($300M - $2B)

4.68%

Micro Cap ($50M - $300M)

0.01%

Nano Cap (< $50M)

3.13%

N/A (ETF or Unknown)

2.50%

Portfolio Concentration

Top 10 Holdings %

77.69%

Top 20 Holdings %

92.31%

Top 50 Holdings %

99.04%

Top 100 Holdings %

100.0%