Skip to contentHome page Seeking Alpha - Power to InvestorsNov. 18, 2025 5:25 AM ETFMI Large Cap Fund Investor Class (FMIHX), FMIQXFMIHX, FMIQXFiduciary Management Inc17 FollowersCommentsSummaryCapital One is the 3rd largest credit card issuer by purchase volume and 4th largest by loans.O’Reilly Automotive, Inc. is one of the largest specialty retailers of automotive aftermarket parts, tools, supplies, equipment, and accessories in North America.After trimming our position earlier in the year, we sold our remaining 1.7% position in September 2025 on valuation.OlekStock/iStock via Getty ImagesInvestment Philosophy:Purchase durable business franchises that are selling at a discount to their intrinsic value.Investment Process:We utilize a business owner’s approach to investing, thoroughly investigating the economics of the business and the qualityThis article was written byFiduciary Management Inc17 FollowersFiduciary Management, Inc. (“FMI”), founded in 1980, is an independent money management firm based in Milwaukee, Wisconsin. FMI’s equity investing strategies apply a value discipline, with a focused approach firmly rooted in fundamental research. As of 3/31/2024, FMI has approximately $16.1 billion in AUA ($15.8 Billion AUM). Note: This account is not managed or monitored by Fiduciary Management and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fiduciary Management's official channels.CommentsRecommended For YouTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.