0001341401-21-000028.txt : 20210512 0001341401-21-000028.hdr.sgml : 20210512 20210512103503 ACCESSION NUMBER: 0001341401-21-000028 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210512 DATE AS OF CHANGE: 20210512 EFFECTIVENESS DATE: 20210512 FILER: COMPANY DATA: COMPANY CONFORMED NAME: River Road Asset Management, LLC CENTRAL INDEX KEY: 0001341401 IRS NUMBER: 432076925 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11487 FILM NUMBER: 21913914 BUSINESS ADDRESS: STREET 1: 462 SOUTH FOURTH STREET, SUITE 2000 CITY: LOUISVILLE STATE: KY ZIP: 40202 BUSINESS PHONE: 5023714100 MAIL ADDRESS: STREET 1: 462 SOUTH FOURTH STREET, SUITE 2000 CITY: LOUISVILLE STATE: KY ZIP: 40202 13F-HR 1 primary_doc.xml 13F-HR LIVE false true false 0001341401 XXXXXXXX 03-31-2021 03-31-2021 River Road Asset Management, LLC

462 SOUTH FOURTH STREET, SUITE 2000 LOUISVILLE KY 40202

13F HOLDINGS REPORT 028-11487 N Thomas D. Mueller, CPA, CFA 502 371 4104 /s/ THOMAS D. MUELLER Louisville KY 05-12-2021 0 162 8267915 false INFORMATION TABLE 2 inftable.xml 3M Company COM 88579Y101 23950 124299 SH SOLE 97048 0 27251 AbbVie, Inc. COM 00287Y109 31610 292093 SH SOLE 228180 0 63913 Advance Auto Parts, Inc. COM 00751Y106 167418 912407 SH SOLE 718823 0 193584 AES Corporation COM 00130H105 117915 4398174 SH SOLE 2306922 0 2091252 Air Transport Services Group, COM 00922R105 235426 8045996 SH SOLE 6884560 0 1161436 Albertsons Companies, Inc. Cla COM 013091103 5897 309240 SH SOLE 309240 0 0 Alphabet Inc. Class C COM 02079K107 3093 1495 SH SOLE 1495 0 0 Altice USA, Inc. Class A COM 02156K103 6096 187397 SH SOLE 187397 0 0 America Movil SAB de CV Sponso COM 02364W105 164 12063 SH SOLE 12063 0 0 American Electric Power Compan COM 025537101 4615 54488 SH SOLE 54488 0 0 American Equity Investment Lif COM 025676206 98957 3138498 SH SOLE 3026777 0 111721 American Financial Group, Inc. COM 025932104 13549 118746 SH SOLE 118746 0 0 Amgen Inc. COM 031162100 29322 117850 SH SOLE 92089 0 25761 Api Group Corporation COM 00187Y100 5428 262500 SH SOLE 262500 0 0 Ares Management Corporation COM 03990B101 8843 157835 SH SOLE 157835 0 0 Argan, Inc. COM 04010E109 92315 1730367 SH SOLE 1671758 0 58609 Armstrong World Industries, In COM 04247X102 102017 1132393 SH SOLE 1096304 0 36089 Atkore Inc COM 047649108 71372 992660 SH SOLE 958376 0 34284 Atlantica Sustainable Infrastr COM G0751N103 28427 776050 SH SOLE 605104 0 170946 Atmos Energy Corporation COM 049560105 421 4264 SH SOLE 4264 0 0 Avaya Holdings Corp. COM 05351X101 127563 4550943 SH SOLE 4393077 0 157866 Axalta Coating Systems Ltd. COM G0750C108 34519 1166975 SH SOLE 1124809 0 42166 Axis Capital Holdings Limited COM G0692U109 179477 3620671 SH SOLE 2587516 0 1033155 Barrett Business Services, Inc COM 068463108 9069 131702 SH SOLE 116134 0 15568 Berkshire Hathaway Inc. Class COM 084670702 220491 863080 SH SOLE 424240 0 438840 BJ's Wholesale Club Holdings, COM 05550J101 209454 4669060 SH SOLE 4058333 0 610727 Black Hills Corporation COM 092113109 21180 317201 SH SOLE 247940 0 69261 Bristol-Myers Squibb Company COM 110122108 128953 2042664 SH SOLE 1163906 0 878758 Caci International Inc Class A COM 127190304 416 1688 SH SOLE 1688 0 0 Cannae Holdings, Inc. COM 13765N107 261534 6601071 SH SOLE 5375795 0 1225276 Carlisle Companies Incorporate COM 142339100 8089 49150 SH SOLE 49150 0 0 Cars.com, Inc. COM 14575E105 7501 578807 SH SOLE 578807 0 0 Cass Information Systems, Inc. COM 14808P109 7879 170273 SH SOLE 124691 0 45582 Cboe Global Markets Inc COM 12503M108 10426 105648 SH SOLE 105648 0 0 CDK Global, Inc. COM 12508E101 97395 1801611 SH SOLE 1728347 0 73264 Centene Corporation COM 15135B101 371 5800 SH SOLE 5800 0 0 Chubb Limited COM H1467J104 95463 604313 SH SOLE 337227 0 267086 Cisco Systems, Inc. COM 17275R102 135609 2622482 SH SOLE 1423059 0 1199423 CNA Financial Corporation COM 126117100 62091 1391245 SH SOLE 1284124 0 107121 Colfax Corporation COM 194014106 38758 884683 SH SOLE 852123 0 32560 Comcast Corporation Class A COM 20030N101 187861 3471834 SH SOLE 1976236 0 1495598 Comfort Systems USA, Inc. COM 199908104 114050 1525341 SH SOLE 1472585 0 52756 Companhia Paranaense de Energi COM 20441B407 119 94290 SH SOLE 94290 0 0 Computer Programs and Systems, COM 205306103 30872 1008902 SH SOLE 954249 0 54653 CoreCivic, Inc. COM 21871N101 58421 6455414 SH SOLE 6235263 0 220151 Corning Inc COM 219350105 62108 1427434 SH SOLE 1113549 0 313885 CSG Systems International, Inc COM 126349109 8851 197160 SH SOLE 154352 0 42808 Cubic Corporation COM 229669106 39004 523058 SH SOLE 505770 0 17288 CVS Health Corporation COM 126650100 4343 57733 SH SOLE 57733 0 0 D.R. Horton, Inc. COM 23331A109 6230 69902 SH SOLE 69902 0 0 Dollar General Corporation COM 256677105 576 2841 SH SOLE 2841 0 0 Dollar Tree, Inc. COM 256746108 20969 183203 SH SOLE 183203 0 0 DXC Technology Co. COM 23355L106 63047 2016844 SH SOLE 1918373 0 98471 Enterprise Products Partners L COM 293792107 19055 865339 SH SOLE 646271 0 219068 ePlus inc. COM 294268107 108362 1087539 SH SOLE 1042225 0 45314 Evolution Petroleum Corporatio COM 30049A107 4781 1414458 SH SOLE 1235447 0 179011 Extended Stay America, Inc. COM 30224P200 96554 4888825 SH SOLE 4695094 0 193731 Fidelity National Financial, I COM 31620R303 251978 6197207 SH SOLE 4440805 0 1756402 First American Financial Corpo COM 31847R102 10110 178473 SH SOLE 178473 0 0 Fiserv, Inc. COM 337738108 68466 575154 SH SOLE 273461 0 301693 Fomento Economico Mexicano SAB COM 344419106 111312 1477664 SH SOLE 756512 0 721152 General Dynamics Corporation COM 369550108 22310 122881 SH SOLE 99350 0 23531 Genuine Parts Company COM 372460105 30064 260089 SH SOLE 203312 0 56777 Genworth Financial, Inc. Class COM 37247D106 44827 13502225 SH SOLE 13015075 0 487150 GMS Inc. COM 36251C103 14084 337351 SH SOLE 298789 0 38562 GoHealth Inc Class A COM 38046W105 63035 5392232 SH SOLE 4478211 0 914021 GrafTech International Ltd. COM 384313508 83606 6836163 SH SOLE 6586352 0 249811 Hackett Group, Inc. COM 404609109 5125 312691 SH SOLE 228534 0 84157 Harsco Corporation COM 415864107 41420 2415155 SH SOLE 2336641 0 78514 Hawaiian Electric Industries, COM 419870100 7467 168062 SH SOLE 168062 0 0 HollyFrontier Corporation COM 436106108 60091 1679469 SH SOLE 1619217 0 60252 Home Depot, Inc. COM 437076102 16207 53094 SH SOLE 41478 0 11616 Hostess Brands, Inc. Class A COM 44109J106 185626 12944630 SH SOLE 9741287 0 3203343 Huntington Ingalls Industries, COM 446413106 71438 347038 SH SOLE 347038 0 0 IDACORP, Inc. COM 451107106 22419 224260 SH SOLE 174516 0 49744 Ingles Markets, Incorporated C COM 457030104 49487 802704 SH SOLE 766919 0 35785 Insperity, Inc. COM 45778Q107 9589 114513 SH SOLE 88867 0 25646 Intercontinental Exchange, Inc COM 45866F104 507 4543 SH SOLE 4543 0 0 Interpublic Group of Companies COM 460690100 22278 762944 SH SOLE 603032 0 159912 Iron Mountain, Inc. COM 46284V101 14379 388510 SH SOLE 303673 0 84837 iShares Russell 1000 Value ETF COM 464287598 1671 11026 SH SOLE 11026 0 0 Itau Unibanco Holding S.A. Spo COM 465562106 104 20906 SH SOLE 20906 0 0 Ituran Location and Control Lt COM M6158M104 21779 1025853 SH SOLE 954799 0 71054 J. Alexander's Holdings, Inc. COM 46609J106 7805 809687 SH SOLE 714984 0 94703 Kimberly-Clark Corporation COM 494368103 33874 243607 SH SOLE 190139 0 53468 Kinder Morgan Inc Class P COM 49456B101 34105 2048326 SH SOLE 1599814 0 448512 KKR & Co. Inc. COM 48251W104 25606 524176 SH SOLE 524176 0 0 Lazard Ltd Class A COM G54050102 11000 252817 SH SOLE 205028 0 47789 Liberty Broadband Corp. Class COM 530307305 245324 1633858 SH SOLE 871457 0 762401 Liberty Global Plc Class C COM G5480U120 9154 358434 SH SOLE 358434 0 0 Liberty Latin America Ltd. Cla COM G9001E102 19291 1503624 SH SOLE 1503624 0 0 Liberty Latin America Ltd. Cla COM G9001E128 58572 4512516 SH SOLE 4290937 0 221579 Liberty Media Corp. Series C L COM 531229888 500 17970 SH SOLE 17970 0 0 Liberty Media Corp. Series C L COM 531229607 126578 2869597 SH SOLE 1530119 0 1339478 Liberty TripAdvisor Holdings I COM 531465102 5727 897669 SH SOLE 798399 0 99270 LKQ Corporation COM 501889208 212259 5014381 SH SOLE 3860968 0 1153413 Lockheed Martin Corporation COM 539830109 12399 33557 SH SOLE 25072 0 8485 Madison Square Garden Entertai COM 55826T102 432 5282 SH SOLE 5282 0 0 Madison Square Garden Sports C COM 55825T103 13159 73324 SH SOLE 73324 0 0 Magellan Midstream Partners, L COM 559080106 5871 135392 SH SOLE 99862 0 35530 Magna International Inc. COM 559222401 25016 284143 SH SOLE 232770 0 51373 Marathon Petroleum Corporation COM 56585A102 26910 503077 SH SOLE 425781 0 77296 McKesson Corporation COM 58155Q103 68223 349792 SH SOLE 199132 0 150660 MEDNAX, Inc. COM 58502B106 42460 1667069 SH SOLE 1602609 0 64460 Medtronic PLC COM G5960L103 16550 140103 SH SOLE 109328 0 30775 Merck & Co., Inc. COM 58933Y105 18172 235719 SH SOLE 189274 0 46445 Molson Coors Beverage Company COM 60871R209 157911 3087220 SH SOLE 2114289 0 972931 MSC Industrial Direct Co., Inc COM 553530106 22066 244666 SH SOLE 234865 0 9801 Murphy USA, Inc. COM 626755102 142963 988951 SH SOLE 955480 0 33471 NCR Corporation COM 62886E108 213008 5612865 SH SOLE 4496995 0 1115870 Newmark Group, Inc. Class A COM 65158N102 25364 2535158 SH SOLE 2448619 0 86539 News Corporation Class A COM 65249B109 14863 584475 SH SOLE 584475 0 0 Nielsen Holdings Plc COM G6518L108 61937 2462714 SH SOLE 2462714 0 0 NortonLifeLock Inc. COM 668771108 13888 653248 SH SOLE 507895 0 145353 nVent Electric plc COM G6700G107 6411 229704 SH SOLE 202542 0 27162 NVR, Inc. COM 62944T105 17944 3809 SH SOLE 3809 0 0 Oaktree Specialty Lending Corp COM 67401P108 39737 6409237 SH SOLE 6081805 0 327432 OGE Energy Corp. COM 670837103 24509 757384 SH SOLE 757384 0 0 Old Republic International Cor COM 680223104 5814 266223 SH SOLE 266223 0 0 Oracle Corporation COM 68389X105 22363 318696 SH SOLE 249048 0 69648 ORBCOMM Inc. COM 68555P100 19753 2588836 SH SOLE 2300154 0 288682 Park Aerospace Corp. COM 70014A104 10150 767778 SH SOLE 680416 0 87362 PBF Energy, Inc. Class A COM 69318G106 11524 814401 SH SOLE 781134 0 33267 PepsiCo, Inc. COM 713448108 25698 181678 SH SOLE 142314 0 39364 Perspecta, Inc. COM 715347100 36774 1265888 SH SOLE 1219310 0 46578 Pfizer Inc. COM 717081103 24809 684763 SH SOLE 539949 0 144814 Pinnacle West Capital Corporat COM 723484101 24732 304025 SH SOLE 304025 0 0 PNC Financial Services Group, COM 693475105 32945 187815 SH SOLE 147174 0 40641 Premier Inc. Class A COM 74051N102 240881 7116142 SH SOLE 5566582 0 1549560 Progressive Corporation COM 743315103 65355 683555 SH SOLE 340997 0 342558 Qualcomm Inc COM 747525103 24594 185488 SH SOLE 145157 0 40331 Quest Diagnostics Incorporated COM 74834L100 13749 107130 SH SOLE 85205 0 21925 Royal Gold, Inc. COM 780287108 8168 75900 SH SOLE 75900 0 0 Sandstorm Gold Ltd. COM 80013R206 273 40115 SH SOLE 40115 0 0 SK Telecom Co., Ltd. Sponsored COM 78440P108 240 8798 SH SOLE 8798 0 0 Sony Group Corporation Sponsor COM 835699307 206 1945 SH SOLE 1945 0 0 Southwest Gas Holdings, Inc. COM 844895102 18330 266780 SH SOLE 235871 0 30909 SP Plus Corporation COM 78469C103 29809 909094 SH SOLE 861137 0 47957 Stock Yards Bancorp, Inc. COM 861025104 2346 45950 SH SOLE 36185 0 9765 T-Mobile US, Inc. COM 872590104 2453 19581 SH SOLE 19581 0 0 Target Corporation COM 87612E106 51710 261069 SH SOLE 203708 0 57361 Texas Pacific Land Corporation COM 88262P102 5104 3211 SH SOLE 3211 0 0 Trimas Corporation COM 896215209 20626 680286 SH SOLE 641763 0 38523 Truist Financial Corporation COM 89832Q109 46562 798396 SH SOLE 620600 0 177796 U.S. Bancorp COM 902973304 43178 780654 SH SOLE 620571 0 160083 UniFirst Corporation COM 904708104 136155 608625 SH SOLE 587841 0 20784 Unilever PLC Sponsored ADR COM 904767704 123240 2207417 SH SOLE 1238270 0 969147 United Parcel Service, Inc. Cl COM 911312106 49846 293231 SH SOLE 227557 0 65674 UnitedHealth Group Incorporate COM 91324P102 3954 10627 SH SOLE 10627 0 0 Univar Solutions Inc. COM 91336L107 16073 746181 SH SOLE 719437 0 26744 US Ecology, Inc. COM 91734M103 32355 777016 SH SOLE 748946 0 28070 Vanguard Russell 1000 Value ET COM 92206C714 1533 11535 SH SOLE 11535 0 0 Varex Imaging Corporation COM 92214X106 4778 233208 SH SOLE 233208 0 0 Verizon Communications Inc. COM 92343V104 41649 716241 SH SOLE 559325 0 156916 Viad Corp COM 92552R406 47495 1137598 SH SOLE 1093332 0 44266 Vistra Corp. COM 92840M102 110118 6228366 SH SOLE 4155038 0 2073328 Vonage Holdings Corp. COM 92886T201 38007 3215522 SH SOLE 3081160 0 134362 Walgreens Boots Alliance Inc COM 931427108 13053 237752 SH SOLE 187144 0 50608 White Mountains Insurance Grou COM G9618E107 189376 169859 SH SOLE 163607 0 6252 Whole Earth Brands Inc Class A COM 96684W100 31941 2449467 SH SOLE 2286772 0 162695 Williams Companies, Inc. COM 969457100 31888 1346055 SH SOLE 1129558 0 216497 World Fuel Services Corporatio COM 981475106 91055 2586795 SH SOLE 1565216 0 1021579