0001341401-18-000022.txt : 20181101 0001341401-18-000022.hdr.sgml : 20181101 20181101114914 ACCESSION NUMBER: 0001341401-18-000022 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180930 FILED AS OF DATE: 20181101 DATE AS OF CHANGE: 20181101 EFFECTIVENESS DATE: 20181101 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: 181152798 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 09-30-2018 09-30-2018 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 11-01-2018 0 163 4813600 false INFORMATION TABLE 2 inftable.xml ABB Ltd. Sponsored ADR COM 000375204 235 9950 SH SOLE 9950 0 0 ACI Worldwide, Inc. COM 004498101 21645 769179 SH SOLE 731049 0 38130 Advance Auto Parts, Inc. COM 00751Y106 11308 67175 SH SOLE 67175 0 0 Air Transport Services Group, COM 00922R105 23192 1080213 SH SOLE 1023421 0 56792 Aircastle Limited COM G0129K104 39717 1812739 SH SOLE 1503765 0 308974 Alaska Air Group, Inc. COM 011659109 1502 21807 SH SOLE 21807 0 0 Alexander & Baldwin, Inc. COM 014491104 488 21493 SH SOLE 21493 0 0 Allergan plc COM G0177J108 18127 95165 SH SOLE 89407 0 5758 Alphabet Inc. Class C COM 02079K107 1633 1368 SH SOLE 1368 0 0 AMC Networks Inc. Class A COM 00164V103 15964 240644 SH SOLE 226238 0 14406 American National Insurance Co COM 028591105 9332 72180 SH SOLE 65460 0 6720 AmeriGas Partners, L.P. COM 030975106 25932 656335 SH SOLE 542448 0 113887 Amgen Inc. COM 031162100 58538 282396 SH SOLE 243641 0 38755 Argan, Inc. COM 04010E109 15238 354378 SH SOLE 335878 0 18500 Armstrong Flooring, Inc. COM 04238R106 15946 881000 SH SOLE 834403 0 46597 Armstrong World Industries, In COM 04247X102 36751 528031 SH SOLE 498873 0 29158 Asbury Automotive Group, Inc. COM 043436104 22397 325779 SH SOLE 308053 0 17726 ATN International, Inc. COM 00215F107 17349 234823 SH SOLE 223122 0 11701 Avaya Holdings Corp. COM 05351X101 56858 2568133 SH SOLE 2429110 0 139023 Axis Capital Holdings Limited COM G0692U109 62549 1083854 SH SOLE 988033 0 95821 Barrett Business Services, Inc COM 068463108 6765 101308 SH SOLE 91725 0 9583 BB&T Corporation COM 054937107 82052 1690401 SH SOLE 1452131 0 238270 Berkshire Hathaway Inc. Class COM 084670702 36537 170648 SH SOLE 160799 0 9849 Biglari Holdings Inc. Class B COM 08986R309 8419 46425 SH SOLE 43751 0 2674 Biglari Holdings, Inc. Class A COM 08986R408 5639 6116 SH SOLE 5778 0 338 Black Hills Corporation COM 092113109 31127 535838 SH SOLE 461399 0 74439 Blackstone Group L.P. COM 09253U108 1305 34283 SH SOLE 34283 0 0 BP p.l.c. Sponsored ADR COM 055622104 221 4804 SH SOLE 4804 0 0 Brookfield Asset Management In COM 112585104 24997 561361 SH SOLE 527991 0 33370 Brookfield Property Partners L COM G16249107 1005 48103 SH SOLE 48103 0 0 Canadian Pacific Railway Limit COM 13645T100 294 1389 SH SOLE 1389 0 0 Cannae Holdings, Inc. COM 13765N107 58502 2792467 SH SOLE 2644190 0 148277 Capital Southwest Corporation COM 140501107 15947 840207 SH SOLE 788705 0 51502 Cars.com, Inc. COM 14575E105 45660 1653747 SH SOLE 1562492 0 91255 Casey's General Stores, Inc. COM 147528103 28316 219315 SH SOLE 208495 0 10820 Cedar Fair, L.P. COM 150185106 23452 450311 SH SOLE 377422 0 72889 Check Point Software Technolog COM M22465104 225 1914 SH SOLE 1914 0 0 Chevron Corporation COM 166764100 35716 292081 SH SOLE 249542 0 42539 Cinemark Holdings, Inc. COM 17243V102 58281 1449766 SH SOLE 1251311 0 198455 Cisco Systems, Inc. COM 17275R102 66166 1360050 SH SOLE 1151474 0 208576 CNA Financial Corporation COM 126117100 31607 692376 SH SOLE 581662 0 110714 Comcast Corporation Class A COM 20030N101 85743 2421437 SH SOLE 2144079 0 277358 Compass Minerals International COM 20451N101 13110 195091 SH SOLE 184501 0 10590 Computer Programs and Systems, COM 205306103 14212 529305 SH SOLE 500482 0 28823 Conduent, Inc. COM 206787103 33143 1471708 SH SOLE 1405336 0 66372 Corning Inc COM 219350105 87676 2483753 SH SOLE 2109206 0 374547 CSG Systems International, Inc COM 126349109 51346 1279165 SH SOLE 1172848 0 106317 Cubic Corporation COM 229669106 17516 239785 SH SOLE 225710 0 14075 Diageo plc Sponsored ADR COM 25243Q205 359 2536 SH SOLE 2536 0 0 Discovery, Inc. Class C COM 25470F302 43882 1483513 SH SOLE 1448822 0 34691 Dolby Laboratories, Inc. Class COM 25659T107 6568 93862 SH SOLE 93862 0 0 DowDuPont Inc. COM 26078J100 747 11623 SH SOLE 11623 0 0 Emerson Electric Co. COM 291011104 49575 647365 SH SOLE 558351 0 89014 Entercom Communications Corp. COM 293639100 10411 1317794 SH SOLE 1257344 0 60450 Evolution Petroleum Corporatio COM 30049A107 5463 494355 SH SOLE 450958 0 43397 Expedia Group, Inc. COM 30212P303 10871 83313 SH SOLE 78548 0 4765 Extended Stay America, Inc. COM 30224P200 70098 3465042 SH SOLE 3043860 0 421182 Exxon Mobil Corporation COM 30231G102 54444 640371 SH SOLE 543083 0 97288 Fastenal Company COM 311900104 95632 1648257 SH SOLE 1422455 0 225802 FGL Holdings Class A COM G3402M102 28620 3197808 SH SOLE 3031195 0 166613 First Citizens BancShares, Inc COM 31946M103 6502 14377 SH SOLE 13154 0 1223 Forward Air Corporation COM 349853101 24709 344618 SH SOLE 326065 0 18553 GCI Liberty, Inc. Class A COM 36164V305 53949 1057825 SH SOLE 1030043 0 27782 General Motors Company COM 37045V100 13527 401752 SH SOLE 378829 0 22923 Genworth Financial, Inc. Class COM 37247D106 14293 3427599 SH SOLE 3252869 0 174730 GEO Group Inc COM 36162J106 39650 1575911 SH SOLE 1356447 0 219464 Gran Tierra Energy Inc. COM 38500T101 5393 1411823 SH SOLE 1278023 0 133800 Hostess Brands, Inc. Class A COM 44109J106 65162 5886401 SH SOLE 5581409 0 304992 Ingersoll-Rand Plc COM G47791101 347 3396 SH SOLE 3396 0 0 Ingles Markets, Incorporated C COM 457030104 30407 887792 SH SOLE 841958 0 45834 Intel Corporation COM 458140100 27375 578883 SH SOLE 486403 0 92480 Interpublic Group of Companies COM 460690100 48278 2110992 SH SOLE 1872025 0 238967 Iron Mountain, Inc. COM 46284V101 85820 2486108 SH SOLE 2183246 0 302862 Ituran Location & Control Ltd. COM M6158M104 13781 400625 SH SOLE 363454 0 37171 J. Alexander's Holdings, Inc. COM 46609J106 11239 944465 SH SOLE 874482 0 69983 Jefferies Financial Group Inc. COM 47233W109 8324 379032 SH SOLE 379032 0 0 Johnson Controls International COM G51502105 36568 1044790 SH SOLE 901484 0 143306 Kansas City Southern COM 485170302 7426 65555 SH SOLE 65555 0 0 KAR Auction Services, Inc. COM 48238T109 57234 958858 SH SOLE 825335 0 133523 Kelly Services, Inc. Class A COM 488152208 5773 240258 SH SOLE 217998 0 22260 Kimberly-Clark Corporation COM 494368103 63176 555927 SH SOLE 479826 0 76101 Kinder Morgan Inc Class P COM 49456B101 15418 869605 SH SOLE 748940 0 120665 Kraft Heinz Company COM 500754106 55694 1010593 SH SOLE 896084 0 114509 Liberty Broadband Corp. Class COM 530307305 37917 449789 SH SOLE 437689 0 12100 Liberty Expedia Holdings Inc C COM 53046P109 49047 1042674 SH SOLE 990083 0 52591 Liberty Global Plc Class C COM G5480U120 1018 36155 SH SOLE 36155 0 0 Liberty Latin America Ltd. Cla COM G9001E102 7165 343829 SH SOLE 343829 0 0 Liberty Latin America Ltd. Cla COM G9001E128 52605 2549936 SH SOLE 2392545 0 157391 Liberty Media Corp. Series C L COM 531229607 15632 359769 SH SOLE 339851 0 19918 LyondellBasell Industries NV COM N53745100 26319 256741 SH SOLE 223260 0 33481 Magellan Midstream Partners, L COM 559080106 35081 518036 SH SOLE 433186 0 84850 Marathon Petroleum Corporation COM 56585A102 97009 1213063 SH SOLE 1044338 0 168725 McKesson Corporation COM 58155Q103 19001 143241 SH SOLE 135431 0 7810 Melco Resorts and Entertainmen COM 585464100 219 10372 SH SOLE 10372 0 0 Meredith Corporation COM 589433101 27399 536702 SH SOLE 463208 0 73494 MetLife, Inc. COM 59156R108 20721 443505 SH SOLE 381739 0 61766 Motorcar Parts of America, Inc COM 620071100 21768 928266 SH SOLE 881458 0 46808 Motorola Solutions, Inc. COM 620076307 17183 132034 SH SOLE 106509 0 25525 Murphy USA, Inc. COM 626755102 36337 425192 SH SOLE 402342 0 22850 National Fuel Gas Company COM 636180101 43523 776362 SH SOLE 677785 0 98577 NCR Corporation COM 62886E108 23808 838000 SH SOLE 795875 0 42125 Newmark Group, Inc. Class A COM 65158N102 8504 760003 SH SOLE 719535 0 40468 Nielsen Holdings Plc COM G6518L108 55294 1999046 SH SOLE 1831322 0 167724 Novartis AG Sponsored ADR COM 66987V109 232 2690 SH SOLE 2690 0 0 Nutrien Ltd. COM 67077M108 311 5390 SH SOLE 5390 0 0 Oaktree Capital Group, LLC Cla COM 674001201 13036 314886 SH SOLE 314886 0 0 Oaktree Specialty Lending Corp COM 67401P108 34570 6969793 SH SOLE 6717403 0 252390 Occidental Petroleum Corporati COM 674599105 45721 556425 SH SOLE 479715 0 76710 Omnicom Group Inc COM 681919106 49052 721138 SH SOLE 622187 0 98951 Open Text Corporation COM 683715106 267 7021 SH SOLE 7021 0 0 ORIX Corporation Sponsored ADR COM 686330101 245 3024 SH SOLE 3024 0 0 OSI Systems, Inc. COM 671044105 8238 107953 SH SOLE 97443 0 10510 Patterson Companies, Inc. COM 703395103 23256 951183 SH SOLE 904063 0 47120 PBF Energy, Inc. Class A COM 69318G106 22872 458267 SH SOLE 430577 0 27690 PepsiCo, Inc. COM 713448108 49416 442007 SH SOLE 379213 0 62794 PICO Holdings, Inc. COM 693366205 14908 1187856 SH SOLE 1116064 0 71792 PNC Financial Services Group, COM 693475105 33014 242411 SH SOLE 209343 0 33068 Polaris Industries Inc. COM 731068102 21552 213493 SH SOLE 186303 0 27190 Praxair, Inc. COM 74005P104 79115 492225 SH SOLE 424549 0 67676 Premier Inc. Class A COM 74051N102 82193 1795385 SH SOLE 1693640 0 101745 Prudential plc Sponsored ADR COM 74435K204 238 5180 SH SOLE 5180 0 0 QEP Resources, Inc. COM 74733V100 3205 283140 SH SOLE 256410 0 26730 QUALCOMM Incorporated COM 747525103 65790 913371 SH SOLE 775846 0 137525 RELX PLC Sponsored ADR COM 759530108 224 10707 SH SOLE 10707 0 0 Resources Connection, Inc. COM 76122Q105 14971 901884 SH SOLE 842127 0 59757 Rio Tinto plc Sponsored ADR COM 767204100 203 3976 SH SOLE 3976 0 0 Royal Dutch Shell Plc Sponsore COM 780259107 253 3560 SH SOLE 3560 0 0 RPM International Inc. COM 749685103 47106 725373 SH SOLE 633794 0 91579 Ryman Hospitality Properties, COM 78377T107 46452 539077 SH SOLE 464449 0 74628 Sabra Health Care REIT, Inc. COM 78573L106 44910 1942479 SH SOLE 1673061 0 269418 Sabre Corp. COM 78573M104 44512 1706755 SH SOLE 1651286 0 55469 SAP SE Sponsored ADR COM 803054204 282 2290 SH SOLE 2290 0 0 Shire PLC Sponsored ADR COM 82481R106 263 1452 SH SOLE 1452 0 0 Sleep Number Corporation COM 83125X103 27089 736503 SH SOLE 698330 0 38173 SP Plus Corporation COM 78469C103 6442 176501 SH SOLE 159149 0 17352 Spectra Energy Partners, LP COM 84756N109 26924 753957 SH SOLE 649277 0 104680 Starbucks Corporation COM 855244109 60605 1066239 SH SOLE 945458 0 120781 Sumitomo Mitsui Financial Grou COM 86562M209 233 29078 SH SOLE 29078 0 0 Sykes Enterprises, Incorporate COM 871237103 20532 673392 SH SOLE 636091 0 37301 Target Corporation COM 87612E106 87126 987713 SH SOLE 850935 0 136778 Tech Data Corporation COM 878237106 32431 453140 SH SOLE 428583 0 24557 Thomson Reuters Corporation COM 884903105 42160 922934 SH SOLE 795246 0 127688 TransMontaigne Partners L.P. COM 89376V100 14610 379482 SH SOLE 312247 0 67235 TTEC Holdings, Inc. COM 89854H102 2330 89978 SH SOLE 81294 0 8684 U.S. Bancorp COM 902973304 102884 1948192 SH SOLE 1700367 0 247825 UBS Group AG COM H42097107 206 13114 SH SOLE 13114 0 0 UniFirst Corporation COM 904708104 45734 263367 SH SOLE 248534 0 14833 Unilever PLC Sponsored ADR COM 904767704 48393 880358 SH SOLE 759468 0 120890 Union Pacific Corporation COM 907818108 46149 283418 SH SOLE 244015 0 39403 United Parcel Service, Inc. Cl COM 911312106 53553 458702 SH SOLE 395680 0 63022 Valero Energy Corporation COM 91913Y100 23278 204643 SH SOLE 178231 0 26412 Ventas, Inc. COM 92276F100 45833 842835 SH SOLE 727649 0 115186 Verizon Communications Inc. COM 92343V104 56429 1056922 SH SOLE 902521 0 154401 Viad Corp COM 92552R406 5978 100895 SH SOLE 90969 0 9926 WageWorks, Inc. COM 930427109 4099 95893 SH SOLE 91012 0 4881 Walgreens Boots Alliance Inc COM 931427108 42496 582933 SH SOLE 503898 0 79035 Walmart Inc. COM 931142103 65578 698309 SH SOLE 595895 0 102414 Wells Fargo & Company COM 949746101 56407 1073197 SH SOLE 947854 0 125343 WesBanco, Inc. COM 950810101 29242 655936 SH SOLE 528905 0 127031 Weyerhaeuser Company COM 962166104 36632 1135162 SH SOLE 987727 0 147435 White Mountains Insurance Grou COM G9618E107 71730 76645 SH SOLE 72725 0 3920 World Fuel Services Corporatio COM 981475106 28912 1044500 SH SOLE 980749 0 63751 Yum China Holdings, Inc. COM 98850P109 1226 34921 SH SOLE 34921 0 0