FORM 13F
COVER PAGE FOR FORM 13F
REPORT FOR THE CALENDER QUARTER ENDED March 31, 2013
FIDUCIARY MANAGEMENT, INC.
100 EAST WISCONSIN AVENUE,
SUITE 2200
MILWAUKEE, WI 53202
FORM 13F FILE NUMBER 028-01526
THE INSTITUTIONAL INVESTMENT MANAGER FILING THIS REPORT AND THE
PERSON BY WHOM IT IS SIGNED HEREBY REPRESENT THAT THE PERSON
SIGNING THE REPORT IS AUTHORIZED TO SUBMIT IT, THAT ALL INFORMATION
CONTAINED HEREIN IS TRUE, CORRECT AND COMPLETE, AND THAT IT IS
UNDERSTOOD THAT ALL REQUIRED ITEMS, STATEMENTS, SCHEDULES, LISTS
AND TABLES, ARE CONSIDERED INTEGRAL PARTS OF THIS FORM.
PERSON SIGNING THIS REPORT ON BEHALF OF REPORTING MANAGER:
NAME: JESSICA P. TASKE
TITLE: VICE PRESIDENT
PHONE: (414) 226-4545
REPORT TYPE: 13F HOLDINGS REPORT
NAME AND 13F FILE NUMBERS OF ALL INSTITUTIONAL INVESTMENT MANAGERS
WITH RESPECT TO WHICH THIS SCHEDULE IS FILED.
FORM 13F
SUMMARY PAGE:
OTHER INSTITUTIONAL INVESTMENT MANAGERS TOTAL: 0
FORM 13F INFORMATION TABLE ENTRY TOTAL: 68
FORM 13F INFORMATION TABLE VALUE TOTAL: 15,690,551
"Name of Reporting Manager: Fiduciary Management, Inc."
Item I Item 2 Item 3 Item 4 Item 5
Name of Issuer Title Cusip Fair Shares
M/V Prin
3M Co. COM 88579Y101 762442 7,171,873
AJ Gallagher COM 363576109 71570 1,732,504
Accenture Plc COM G1151C101 650683 8,564,997
American ExpressCOM 025816109 439141 6,509,653
AmerisourceBergeCOM 03073E105 418989 8,143,615
Anixter InternatCOM 035290105 88365 1,263,799
Aptar Group COM 038336103 81155 1,415,084
Arrow Elec COM 042735100 129510 3,188,342
Automatic Data COM 053015103 397648 6,115,775
Avery Dennison COM 053611109 82691 1,919,922
Bank of NY Mell COM 064058100 75097526,830,128
Berkshire Hath Cl B 084670702 743725 7,137,480
Bio-Rad Labs COM 090572207 71308 565,934
Bristow Group COM 110394103 48461 734,924
Broadrige FinancCOM 11133T103 83445 3,359,301
Carlisle Cos IncCOM 142339100 87988 1,297,946
Cimarex Entergy COM 171798101 115432 1,530,117
Cintas Corp COM 172908105 438733 9,941,838
Comerica Inc. COM 200340107 46816913,022,774
Compass MinteralCOM 20451N101 57511 728,906
Covidien Ltd. COM G2554F113 547324 8,067,867
Cullen/Frost BanCOM 229899109 88913 1,421,920
Danone SA ADR COM 23636T100 38941427,755,795
Devon Energy Co COM 25179M103 478721 8,484,949
Dun & BradstreetCOM 26483E100 56305 673,099
Expeditors InterCOM 302130109 345771 9,682,745
Family Dollar StCOM 307000109 77400 1,310,754
First Bus Fin SvCOM 319390100 671 24,948
Forward Air CorpCOM 349853101 31219 837,204
Gentex Corp COM 371901109 70211 3,508,788
Glaxosmithkline COM 37733w105 409499 8,729,457
Greenlight CapitCOM G4095J109 11214 458,645
H.B. Fuller CompCOM 359694106 76329 1,953,135
Illinois Tool WoCOM 452308109 511030 8,385,785
Ingersoll-Rand COM G47791101 394911 7,178,902
Innophos HoldingCOM 45774N108 56829 1,041,007
Jack Henry & AssCOM 426281101 29517 638,757
Jos. A. Bank COM 480838101 26805 671,810
Kaydon Corp COM 486587108 3448 134,783
Kennametal Inc. COM 489170100 77446 1,983,771
Kimberly-Clark COM 494368103 35
3827 3,611,214
Kirby Corp COM 497266106 64422 838,826
MKS Instruments COM 55306N104 39230 1,442,272
McDermott Inter COM 580037109 49866 4,537,424
Microsoft Corp COM 594918104 32772611,454,962
Mine Safety COM 602720104 45008 907,045
Molex Inc - ClA COM 608554200 92014 3,814,823
Monsanto Co COM 61166W101 327558 3,100,996
Nestle SA ADR COM 641069406 415160 5,728,718
Net 1 UEPS Tech COM 64107N206 186 25,200
Omnicom Group COM 681919106 552172 9,374,740
Owens & Minor, ICOM 690732102 52809 1,621,895
Paccar Inc. COM 693718108 304422 6,020,998
Patterson Cos InCOM 703395103 103908 2,731,545
Protective Life COM 743674103 80311 2,243,335
Robert Half Inc COM 770323103 39044 1,040,337
Ryder Systems InCOM 783549108 65243 1,091,940
Scansource Inc COM 806037107 55677 1,972,965
Schlumberger LtdCOM 806857108 423374 5,653,281
Sigma Aldrich CoCOM 826552101 56220 723,736
Sysco Corp COM 871829107 54924415,616,846
TE Connectivity COM H84989104 60828614,507,171
Time Warner Inc COM 887317303 460270 7,988,021
W.R Berkley CorpCOM 084423102 92374 2,081,909
Wal Mart Stores COM 931142103 488888 6,533,321
Willis Group HolCOM G96666105 283445 7,177,631
World Fuel ServiCOM 981475106 65712 1,654,384
Zions BancorporaCOM 989701107 23238 929,895