Janitorial Services Continues to be in Demand and ABM Industries (ABM) Seems to Benefit Vulcan Value Partners, an exclusive investment vehicle for all public equity investments, published its ‘Small Cap Composite’ third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A gross return of 0.1% was recorded by the fund for the Q3 of 2020, below its Russel 2000 Value Index benchmark that returned 2.6% and Russel 2000 index that returned 4.9%. You can view the fund’s top 10 holdings to have a peek at their top bets for 2021. Vulcan Value Partners, in their Q3 2020 Investor Letter said that the need for janitorial service has increased during the pandemic and continues to be in demand up to now. They acquired a new position in ABM Industries Incorporated (NYSE: ABM), the largest janitorial services provider in America that currently has a $2.75 billion market cap. For the past 3 months, ABM Industries Incorporated delivered a 21.58% return and settled at $41.19 per share at the closing of January 15th.