Cooke & Bieler LP
Cooke & Bieler, L.P. is an independent, partner-owned institutional asset manager headquartered in Philadelphia, PA, United States. Founded in 1949, the firm specializes in domestic equity value investment and serves institutional and private wealth clients, managing approximately $5.9 billion in assets. Cooke & Bieler employs a team with long-tenured investment professionals—the firm reports 10–49 employees—with a focus on providing tailored investment solutions and deep, fundamental research for a global client base.
Investment Strategy
Cooke & Bieler employs a traditional, conservative value investment strategy focused exclusively on equities. The firm uses a long-term, bottom-up, active management approach, centered on deep fundamental research, company quality, and intrinsic value. Their process emphasizes high-quality businesses, capital preservation, and risk reduction. Portfolio construction is bottom-up, with a preference for companies facing short-term problems that are fixable, utilizing extensive management meetings and proprietary analysis. Typical holding periods are 3–5 years, and strategies include Large Cap Value, Mid Cap Value, Small Cap Value, SMID Cap Value, All Cap Value, Concentrated Value, and Balanced mandates. Portfolios are managed with discipline, with customization and tax-efficiency for high-net-worth clients.
Latest 13F Filing Activity
Cooke & Bieler LP filed their most recent 13F report on Jun 30, 2025 disclosing 100 equity positions with a total 13F market value of $10B. The fund increased holdings in Valvoline Inc., Xpo Inc., Bank of America among other positions. Cooke & Bieler LP reduced exposure to American Eagle Outfitters, Fidelity National Financial in, Becton Dickinson and Company among others.
Top Holdings
Equity Positions (100)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
G GIL | Gildan Activewear | 3.61% | $361.0M | 7,331,577 | $26.64 | $49.24 | +$33.7M |
R RBA | RB Global Inc | 3.09% | $308.7M | 2,906,712 | $60.75 | $106.19 | +$1.7M |
A AER | AerCap Holdings N.V. | 2.98% | $297.8M | 2,545,106 | $44.87 | $117.00 | +$4.3M |
R RNR | RenaissanceRe | 2.88% | $287.6M | 1,183,931 | $204.90 | $242.90 | -$11.9M |
F FNF | Fidelity National Financial In | 2.63% | $262.6M | 4,684,210 | $36.22 | $56.06 | -$84.5M |
Industry Allocation
Investment Team (11)
| Name | Role | Location | |
|---|---|---|---|
 | Partner | Philadelphia, PA , United States | |
J Jamie O'Neil | Partner | Philadelphia, PA , United States | |
J John Pickering | Partner | Philadelphia, PA , United States | |
J Joseph Punzi | Principal | United States | |
 | Partner | Philadelphia, PA , United States | |
S Steve Lyons | Partner | Philadelphia, PA , United States | |
T Ted O'Connor | Portfolio Manager | Philadelphia, PA , United States | |
 | Principal, Analyst and Portfolio Manager | Philadelphia, PA , United States | |
 | Associate | New York, NY , United States | |
J Joe Punzi | Principal | United States |