VMC · NYSE · CIK 0001396009
Vulcan Materials Company
Vulcan Materials Company holds 5 disclosed positions, 0 of them carrying a sourced value and 5 that nobody has sized.
Market cap$35.2bn18 Aug 2026
Disclosed stakesnone5 more not sized
Stakes as % of own valuen/ahow much of it is other companies
Largest stakeOrca Sand and Gravel Limited Partnershipnot sized
Private targets5invisible to any 13F
Soft figures0modelled, reported or pending
Vulcan Materials Company - Profile
- Sector
- MaterialsGICS
- Industry
- Mining & Quarrying of Nonmetallic Minerals (No Fuels)SIC 1400
- Listed on
- NYSE
- Employees
- 12,000stated 2023
- Incorporated in
- New Jersey
- Financial year ends
- 31 December
Source
Address, industry classification, listing and incorporation come from Vulcan Materials Company's own SEC filer record, so the industry is the SEC's dry classification rather than a marketing label. The website comes from Wikidata. The headcount is the figure the Wikipedia article states for 2023, not a figure this site has verified against a filing. The description is the opening paragraph of its Wikipedia article, used under CC BY-SA 4.0.
Share price
VMC
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Description
Vulcan Materials Company (NYSE: VMC) is an American company based in Birmingham, Alabama. It is principally engaged in the production, distribution and sale of construction materials. Vulcan is the largest producer of construction materials, primarily gravel, crushed stone, and sand, and employs approximately 12,000 people at over 400 facilities. Vulcan serves 22 states, the District of Columbia, Mexico, Canada, Bahamas and the U.S. Virgin Islands. Vulcan's Crescent Market project led to construction of a large quarry and deep water seaport on the Yucatán Peninsula of Mexico, just south of Cancún.
Equity stakes Vulcan Materials Company holds in other companies.
No position on this side carries a sourced value, so there is nothing to chart. The table still lists 5 of them.
Select a row or a slice for its provenance: the filing it came from, when it was measured, and the arithmetic behind it if it was modelled.
The full register, from 13F filings
The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 1,014 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.
1,014 managers reported a position, together holding 123.4m shares, or 95.2% of the company. The 40 largest are listed. Percentages are of a share count taken later than this quarter, because the count in force at the snapshot is not published as a structured fact for this company. Where the count has moved since, the figures are off by that much.
Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.
What a reader needs to know to read these numbers
- Holdings side has 5 rows, all sourced from Exhibit 21 (List of the Company's material subsidiaries as of 31 Dec 2025), which states an ownership percentage per entity the way the 10-K body text does not: Orca Sand and Gravel Limited Partnership (88%), BHM Hangar, LLC (83%), Southwest Gulf Railroad Company (95%), North Field Extension, LLC (50%) and Terra Bagnata, LLC (50%). Each is a FORWARD holding, Vulcan's own equity stake in another entity, not a reverse one: consolidated is not the same as wholly owned, and a subsidiary that consolidates while a third party holds a real minority is a holding at Vulcan's own percentage, the same rule applied to Nucor's Nucor-Yamato/California Steel/Nucor-JFE ventures, NXP's SSMC, Coherent's Silicon Carbide LLC, PPG's Kansai ventures, Quest's hospital ventures and TransDigm's majority acquisitions. Vulcan's consolidated noncontrolling-interest balance ($23.8-23.9 million) is simply the accounting mirror of the minority percentages Vulcan does not own across these five entities combined; its existence is what makes them not wholly owned, and therefore holdings, not what disqualifies them. Separately, the FY2025 10-K and Q2 2026 10-Q were both searched in full for 'equity method', 'unconsolidated', 'joint venture', 'noncontrolling interest', 'affiliate', 'investments in', 'non-marketable', 'unrealized gain', 'cost method' and 'equity investments'; the only other equity-method disclosure found anywhere is a single combined, unnamed balance in the 10-K's segment footnote (see next note), which produced no additional holdings row because no investee is named.
- A single combined, unsized equity-method balance was found and explicitly excluded from holdings per the brief's rule for unnamed investees: 'Equity method investments of $26.6 million in 2025, $26.6 million in 2024 and $26.6 million in 2023 are included in the identifiable assets for the Aggregates segment and in Investments and long-term receivables on the accompanying Consolidated Balance Sheets.' No name, count, or individual size for any investee is disclosed anywhere in either filing searched; a separate Item 15 sentence confirms the reason: 'Financial statements (and summarized financial information) of 50% or less owned entities accounted for by the equity method have been omitted because they do not, considered individually or in the aggregate, constitute a significant subsidiary.' Since there are not even names to attach nulls to, no placeholder row was created; the $26.6 million figure is recorded here and in unknowns instead. The balance was flat at exactly $26.6 million for all three years shown (2023, 2024, 2025), suggesting no new equity-method investment activity through the FY2025 10-K.
- The 'Investments and long-term receivables' balance-sheet line rose from $33.7 million (31 Dec 2025) to $174.0 million (30 Jun 2026) per the Q2 2026 10-Q, a $140.3 million increase investigated as a possible new equity stake. No equity-method, joint-venture or investment-note disclosure was found attached to this increase in the Q2 2026 10-Q; the filing's own restricted-cash note (unrelated line item, same filing) describes 'cash proceeds from the sale of property held in escrow ... under like-kind exchange agreements' as the Company's normal mechanism for redeploying divestiture proceeds, and a new 'Colorado and Texas' acquisition is tagged in 2026 in the filing's XBRL. Given the flat $26.6 million equity-method balance reported as of 31 Dec 2025 (per the 10-K, not separately restated in the Q2 10-Q) and the absence of any equity-investment note explaining the jump, the increase is most plausibly receivables or like-kind-exchange-related rather than a new equity stake in another company, but this was not confirmed to a specific line item within the time budget and is recorded in unknowns rather than assumed.
- Brooksville Quarry, LLC (Florida, 50% per Exhibit 21) was investigated and explicitly EXCLUDED from holdings, on the opposite basis from the five entities included above: unlike them, Brooksville is independently described elsewhere in the 10-K's Properties section as 'a production stage, leased calcium operation ... limestone quarry', i.e. an interest in ASSETS (a leased quarry operation) rather than in an ENTITY, with no partner, partnership structure or counterparty named anywhere in the filing the way Namgis First Nation is named for Orca. This is the same line Targa's file drew (excluding plant-level and proportionately consolidated interests) and Edison's file drew (excluding its 15.8% interest in a jointly owned nuclear plant): an asset interest, not equity in a company, stays out of holdings even when Exhibit 21 states a percentage for it. North Field Extension, LLC and Terra Bagnata, LLC were tested against the same standard and, unlike Brooksville, neither is described anywhere in the 10-K or 10-Q body text at all (no quarry/lease language and no partner named), so there was no textual basis to exclude them the way Brooksville was excluded; they are included in holdings above at their filed Exhibit 21 percentages with the resulting uncertainty about their underlying nature flagged in each row's method_note and in unknowns, rather than assumed either way.
- Register: computed against 129,578,739 common shares outstanding as of 21 Jul 2026 (Q2 2026 10-Q cover page, 'the latest practicable date'), used as a single consistent denominator across the file, including the proxy-sourced insider rows. No stock split was found: shares outstanding moved only modestly and downward (130,580,384 at 11 Feb 2026 per the FY2025 10-K cover, to 129,578,739 at 21 Jul 2026), consistent with ongoing share repurchases (Vulcan reported returning nearly $700 million to shareholders via dividends and buybacks in 2025 per the 2026 proxy), not a split.
- Per chunk learning #2, the fresh Q2 2026 13F (period 30 Jun 2026, all filed 4-13 Aug 2026) was used for every institutional row rather than the 2026 proxy's own 5%-holder table, which cites Schedule 13G/A filings as old as 12 Feb 2024 (State Farm) and no later than 30 Apr 2025 (Vanguard): the proxy's 5 rows read Vanguard 16,697,431/12.6%, State Farm 10,920,981/8.2%, BlackRock 8,975,496/6.8%, Principal Global Investors 6,894,267/5.2%, and a fifth holder at '383 Madison Avenue, New York, NY 10179' (JPMorgan Chase & Co.'s address) at 6,771,833/5.1%, versus this file's fresh figures of Vanguard 16,839,178/12.99%, BlackRock 9,723,208/7.50%, State Farm 9,521,730/7.35%, Principal Financial Group (the parent registrant, not the 'Principal Global Investors' name used in the proxy) 5,466,956/4.22%, and JPMorgan Chase & Co. 5,056,726/3.90%. The proxy's own text states these five are the only beneficial owners of more than 5% as of the dates in its footnotes; the fresh 13F data shows State Street Corporation at 4.74%, just under that threshold and consistent with its absence from the proxy table, and shows Principal and JPMorgan having fallen just under 5% by Q2 2026 even though the proxy's stale 13G-sourced figures (as of 2024/2025 dates) still showed them above it.
- Vanguard Group Inc's parent CIK (0000102909) filed Form 13F-NT (a notice carrying no holdings) for the quarter ended 30 Jun 2026, confirmed directly against its EDGAR submissions feed, so per the PNC-style rule the 8 successor entities were summed rather than one substituted: Vanguard Capital Management LLC, Vanguard Portfolio Management LLC, Vanguard Fiduciary Trust Co, Vanguard Global Advisers LLC, Vanguard Asset Management Ltd, Vanguard Investments Australia Ltd, Vanguard Personalized Indexing Management LLC and Vanguard National Trust Co, together 16,839,178 shares, $4,967,725,902. The entity list itself was enumerated from this project's own pre-existing data/registers/VMC.json (period 31-MAR-2026 family roll-up), used only to identify which 8 CIKs to check, and every one of the 8 was independently re-fetched from its own fresh Q2 2026 (30 Jun 2026) EDGAR 13F-HR filing for this register rather than reusing the Q1 2026 figures on file.
- Implied-price check across every institutional row for the 30 Jun 2026 quarter-end date clusters tightly at $293.83-$295.01 per share (Vanguard $295.01, BlackRock $295.01, State Farm $295.00, State Street $295.00, Principal $295.00, FMR $294.99, Geode $293.83), with JPMorgan Chase's own 13F line an outlier at $303.85/share, about 3% above the cluster; this was checked against the possibility of a units error (as with the T. Rowe Price 1000x 'thousands trap' documented in the chunk-prompt lessons) and rejected as too small a discrepancy to be that class of error, more likely a weighted-average execution price across JPMorgan's many managed sub-accounts. Vulcan has a genuinely high share price on a modest share count (129,578,739 shares, an order of magnitude smaller than most S&P 500 large caps), so the resulting register values, and the company's own $271.65 close on 18 Aug 2026 implying a $35.20 billion market cap on only 129.58 million shares, are treated as correct rather than as a scaling error, per the brief's explicit instruction for a high-implied-price company. The $271.65 (18 Aug 2026) price is roughly 8% below the ~$295 implied price cluster from the 30 Jun 2026 quarter end, consistent with ordinary seven-week market movement rather than any data error.
- Self-gate, computed from this final file the way the chart computes it (the 'All Directors and Executive Officers as a group (20 persons)' row reduced to its residual of 671,945 minus J. Thomas Hill's 231,597 = 440,348; every other row, including Hill himself, counted at full value): Vanguard 16,839,178 + BlackRock 9,723,208 + State Farm 9,521,730 + State Street 6,145,077 + Principal 5,466,956 + JPMorgan 5,056,726 + FMR 3,666,226 + Geode 3,449,887 + Hill 231,597 + officers-group residual 440,348 = 60,540,933 shares against 129,578,739 shares outstanding, 46.72%. This is slightly above the brief's expected 25-45% range but well under its 55% outer bound; it reflects that 8 independently-verified fresh Q2 2026 13F rows were assembled here (versus the brief's minimum target of 8), each individually cross-checked against the implied-price cluster, rather than any single double-counted holder or mixed-instrument error found on review. 10 register rows total.
- Vanguard entities summed: 8 (see above), all individually confirmed on fresh 30 Jun 2026 13F-HR filings, not carried over from the project's own pre-existing data/registers/VMC.json (period 31-MAR-2026), which was consulted only to identify the 8 candidate CIKs.
Looked for, not found
Recorded rather than filled in. Each of these is a place where a number could have been invented and was not.
- Any equity-method affiliate's name, ownership percentage or carrying value making up the $26.6 million combined balance disclosed in the FY2025 10-K's segment footnote ('Equity method investments ... included in the identifiable assets for the Aggregates segment'). No note, name, percentage or per-entity balance is disclosed anywhere in the FY2025 10-K or Q2 2026 10-Q searched; Item 15 of the 10-K states these are omitted because no individual 50%-or-less-owned equity-method entity constitutes a significant subsidiary.
- The individual carrying value of Vulcan's stake in each of the five Exhibit 21 holdings (Orca, BHM Hangar, Southwest Gulf Railroad, North Field Extension, Terra Bagnata): only a combined $23.8-23.9 million consolidated noncontrolling-interest balance is disclosed, covering all of them together with no per-entity split anywhere in the 10-K or 10-Q.
- The identity of the minority co-owner in BHM Hangar, LLC (17%), Southwest Gulf Railroad Company (5%), North Field Extension, LLC (50%) and Terra Bagnata, LLC (50%): none is named in the 10-K or 10-Q body text searched (only Orca's minority partner, the Namgis First Nation, is named).
- Whether North Field Extension, LLC and Terra Bagnata, LLC are genuine jointly governed entities (like Orca) or single-asset landholding vehicles of the kind common among Vulcan's many wholly owned, location-named Exhibit 21 LLCs: neither is described anywhere in the 10-K or 10-Q body text searched, unlike Brooksville Quarry, LLC, which the Properties section independently identifies as a leased limestone quarry. Both are included in holdings at their filed 50% Exhibit 21 percentages because the filing gives no textual basis to exclude them as asset interests, but their underlying nature was not independently confirmed either way.
- What specifically drove the $140.3 million increase in the 'Investments and long-term receivables' balance-sheet line from $33.7 million (31 Dec 2025) to $174.0 million (30 Jun 2026); no equity-investment note was found attached to it in the Q2 2026 10-Q, and it was not confirmed whether this reflects like-kind-exchange receivables, acquisition-related notes receivable, or something else.
- Institutional holders beyond the 8 fresh Q2 2026 13F rows checked here (e.g. Morgan Stanley, Goldman Sachs, Norges Bank, Capital Group, T. Rowe Price, Northern Trust, Bank of America) were not individually re-verified against fresh Q2 2026 13F filings within the time budget; the register above already meets the brief's 8 to 12 holder target with the rows checked. The project's own pre-existing data/registers/VMC.json (period 31-MAR-2026) lists roughly 90 holders in total and can be consulted for further candidates if the register is expanded later.
- Whether Capital Group or T. Rowe Price hold VMC through the multi-entity families documented elsewhere in this project (Capital World Investors, Capital International Investors, Capital Research Global Investors; T. Rowe Price Associates and T. Rowe Price Investment Management) was not checked; neither family appeared among the largest holders in the project's own pre-existing Q1 2026 VMC register, so this was not pursued given the time budget.
- Dollar values for the two insider register rows (J. Thomas Hill and the officers group) are null: no independently sourced VMC share price as of the proxy's 1 Mar 2026 record date was fetched, so a value was not estimated rather than guessed.
- The proxy's own stated 0.65% for the 'All Directors and Executive Officers as a group' row does not reconcile exactly to a recomputation of 671,945 shares against 129,578,739 shares outstanding (which yields 0.5186%); the proxy's precise denominator for that figure was not independently identified within the time budget.