<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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    <isConfidential>false</isConfidential>
    <filerInfo>

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        <issuerCredentials>
          <cik>0001023391</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000000833</seriesId>
        <classId>C000174400</classId>
        <classId>C000002448</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regName>FMI Funds Inc</regName>
      <regFileNumber>811-07831</regFileNumber>
      <regCik>0001023391</regCik>
      <regLei>549300LLBZ5DPX7B5F83</regLei>
      <regStreet1>790 North Water Street</regStreet1>
      <regStreet2>Suite 2100</regStreet2>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>414-226-4545</regPhone>
      <seriesName>FMI Large Cap Fund</seriesName>
      <seriesId>S000000833</seriesId>
      <seriesLei>549300PYP0DZJKDKWM94</seriesLei>
      <repPdEnd>2025-09-30</repPdEnd>
      <repPdDate>2025-09-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
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      <totLiabs>2534657.580000000000</totLiabs>
      <netAssets>1390257018.610000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.000000000000</standByCommit>
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        <monthlyTotReturns>
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        <othMon2 netRealizedGain="21478980.160000000000" netUnrealizedAppr="20311844.620000000000"/>
        <othMon3 netRealizedGain="18083778.790000000000" netUnrealizedAppr="-43412489.680000000000"/>
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          <indexIdentifier>N/A</indexIdentifier>

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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Sony Group Corp</name>
        <lei>529900R5WX9N2OI2N910</lei>
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        <invCountry>JP</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CarMax Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Koninklijke Philips NV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Progressive Corp/The</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>Progressive Corp/The</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Schlumberger NV</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Dollar Tree Inc</name>
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        <name>Ferguson Enterprises Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CDW Corp/DE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>CSX Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Unilever PLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>First American Treasury Obliga</name>
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        <title>First American Treasury Obligations Fund</title>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Quest Diagnostics Inc</name>
        <lei>8MCWUBXQ0WE04KMXBX50</lei>
        <title>Quest Diagnostics Inc</title>
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          <ticker value="DGX"/>
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        <fairValLevel>1</fairValLevel>
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        <name>Aramark</name>
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        <name>Avery Dennison Corp</name>
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        <title>Avery Dennison Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Becton Dickinson &amp; Co</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>Becton Dickinson &amp; Co</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Berkshire Hathaway Inc</name>
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        <name>Capital One Financial Corp</name>
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        <title>Capital One Financial Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Fresenius Medical Care AG</name>
        <lei>549300CP8NY40UP89Q40</lei>
        <title>Fresenius Medical Care AG</title>
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        <assetCat>EC</assetCat>
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        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Charles Schwab Corp/The</name>
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        <title>Charles Schwab Corp/The</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Masco Corp</name>
        <lei>5GCSNMQXHEYA1JO8QN11</lei>
        <title>Masco Corp</title>
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          <isin value="US5745991068"/>
          <ticker value="MAS"/>
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        <curCd>USD</curCd>
        <valUSD>53848350.000000000000</valUSD>
        <pctVal>3.8732658263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sysco Corp</name>
        <lei>5RGWIFLMGH3YS7KWI652</lei>
        <title>Sysco Corp</title>
        <cusip>871829107</cusip>
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          <isin value="US8718291078"/>
          <ticker value="SYY"/>
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        <balance>615000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50639100.000000000000</valUSD>
        <pctVal>3.6424272147</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alphabet Inc</name>
        <lei>5493006MHB84DD0ZWV18</lei>
        <title>Alphabet Inc</title>
        <cusip>02079K305</cusip>
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          <isin value="US02079K3059"/>
          <ticker value="GOOGL"/>
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        <balance>225000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>54697500.000000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Booking Holdings Inc</name>
        <lei>FXM8FAOHMYDIPD38UZ17</lei>
        <title>Booking Holdings Inc</title>
        <cusip>09857L108</cusip>
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          <isin value="US09857L1089"/>
          <ticker value="BKNG"/>
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        <balance>15000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>80989050.000000000000</valUSD>
        <pctVal>5.8254731978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carlisle Cos Inc</name>
        <lei>XR64VGX1ZPX6G7ZN7Z11</lei>
        <title>Carlisle Cos Inc</title>
        <cusip>142339100</cusip>
        <identifiers>
          <isin value="US1423391002"/>
          <ticker value="CSL"/>
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        <balance>70000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>23027200.000000000000</valUSD>
        <pctVal>1.6563268296</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carrier Global Corp</name>
        <lei>549300JE3W6CWY2NAN77</lei>
        <title>Carrier Global Corp</title>
        <cusip>14448C104</cusip>
        <identifiers>
          <isin value="US14448C1045"/>
          <ticker value="CARR"/>
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        <balance>960000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>57312000.000000000000</valUSD>
        <pctVal>4.1224032127</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sony Financial Group Inc</name>
        <lei>353800O7BDSU41WOZA60</lei>
        <title>Sony Financial Group Inc</title>
        <cusip>83571B100</cusip>
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          <isin value="US83571B1008"/>
          <ticker value="2572111D"/>
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        <balance>310000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1720500.000000000000</valUSD>
        <pctVal>0.1237540956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UnitedHealth Group Inc</name>
        <lei>549300GHBMY8T5GXDE41</lei>
        <title>UnitedHealth Group Inc</title>
        <cusip>91324P102</cusip>
        <identifiers>
          <isin value="US91324P1021"/>
          <ticker value="UNH"/>
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        <balance>115000.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39709500.000000000000</valUSD>
        <pctVal>2.8562704211</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allegion plc</name>
        <lei>984500560CAC2E6FB757</lei>
        <title>Allegion plc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BFRT3W74"/>
          <ticker value="ALLE"/>
        </identifiers>
        <balance>210000.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>37243500.000000000000</valUSD>
        <pctVal>2.6788931472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-10-24</ncom:dateSigned>
      <ncom:nameOfApplicant>FMI Funds Inc</ncom:nameOfApplicant>
      <ncom:signature>/s/ John S. Brandser</ncom:signature>
      <ncom:signerName>FMI Funds Inc</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
