Institutional Manager · CIK 0001527781

Gallagher Fiduciary Advisors, LLC

ROLLING MEADOWS, IL · File #028-14533

Latest AUM

$3.09B

Positions

331

Top-10 Concentration

86.8%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	DELTA AIR LINES INC DEL	DAL	+4,036,724	+$280.1M	+$29,427
ADD	VANGUARD INDEX FDS	922908769	+471,279	+$158.0M	+$73,582
REDUCE	CBRE GROUP INC	CBRE	-915,050	-$147.1M	+$3.0M
ADD	SCHWAB STRATEGIC TR	808524102	+1,590,221	+$41.7M	+$538,789
ADD	ISHARES TR	464289511	+795,340	+$40.1M	-$511,281
ADD	VANGUARD SCOTTSDALE FDS	92206C813	+525,553	+$39.9M	-$576,321
ADD	SPDR S&P 500 ETF TR	SPY	+20,285	+$13.8M	+$16,757
ADD	VANGUARD TAX-MANAGED FDS	921943858	+200,042	+$12.5M	+$22,061
REDUCE	PG&E CORP	PCG-PX	-626,298	-$10.1M	+$19.9M
REDUCE	VANGUARD BD INDEX FDS	921937835	-127,350	-$9.4M	-$51,542

Sector Allocation

Consumer Discretionary

44.2%$1.36B

9.4%$291.8M

4.8%$147.2M

1.6%$49.2M

0.6%$19.2M

0.6%$17.7M

0.3%$9.0M

0.2%$6.5M

Communication Services

0.1%$4.0M

Consumer Staples

0.1%$3.5M

Utilities

0.1%$3.0M

Filing History

Feb 17, 202613F HOLDINGS REPORTQ/E Dec 2025331 pos · $3.09B
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 2025311 pos · $2.72B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 2025333 pos · $2.58B
May 15, 202513F HOLDINGS REPORTQ/E Mar 2025309 pos · $3.04B
Feb 14, 202513F HOLDINGS REPORTQ/E Dec 2024298 pos · $510.9M
Nov 14, 202413F HOLDINGS REPORTQ/E Sep 2024274 pos · $493.8M
Aug 14, 202413F HOLDINGS REPORTQ/E Jun 2024256 pos · $446.2M
May 15, 202413F HOLDINGS REPORTQ/E Mar 2024207 pos · $2.82B
Nov 14, 202313F HOLDINGS REPORTQ/E Dec 2023171 pos · $1.14B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	MCDONALDS CORP	MCD	4,424,735	$1.35B	46.70%
2	PG&E CORP	PCG-PX	19,426,564	$312.2M	10.78%
3	DELTA AIR LINES INC DEL	DAL	4,039,050	$280.3M	9.68%
4	VANGUARD INDEX FDS	922908769	481,663	$161.5M	5.58%
5	CBRE GROUP INC	CBRE	894,566	$143.8M	4.97%
6	SCHWAB STRATEGIC TR	808524102	2,626,353	$68.9M	2.38%
7	VANGUARD SCOTTSDALE FDS	92206C813	845,731	$64.1M	2.22%
8	ISHARES TR	464289511	1,264,405	$63.8M	2.20%
9	FRANKLIN RESOURCES INC	BEN	1,424,066	$34.0M	1.17%
10	ISHARES TR	464287242	288,382	$31.8M	1.10%
11	AMERICAN CENTY ETF TR	025072109	634,224	$30.0M	1.03%
12	AMERICAN CENTY ETF TR	025072877	192,925	$19.7M	0.68%
13	ISHARES TR	46432F842	206,046	$18.4M	0.64%
14	ISHARES INC	46434G103	271,827	$18.3M	0.63%
15	VANGUARD INDEX FDS	922908611	84,951	$18.0M	0.62%
16	VANGUARD INDEX FDS	922908595	56,956	$17.2M	0.59%
17	ISHARES TR	464288604	307,111	$17.0M	0.59%
18	VANGUARD ADMIRAL FDS INC	921932778	171,421	$16.8M	0.58%
19	SPDR S&P 500 ETF TR	SPY	21,349	$14.6M	0.50%
20	PIMCO ETF TR	72201R817	145,021	$14.2M	0.49%