# EDGAR Filing Document

**Accession Number:** 0001459754
**File Stem:** 0001420506-23-000633
**Filing Date:** 2023-2
**Character Count:** 10056
**Document Hash:** 4ef49e9efa96f942c485559f0d628cad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001420506-23-000633.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001420506-23-000633

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wallace Capital Management Inc.
- **CENTRAL INDEX KEY:** 0001459754
- **IRS NUMBER:** 752981025
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14310
- **FILM NUMBER:** 23625551

**BUSINESS ADDRESS:**
- **STREET 1:** 100 CRESCENT COURT
- **STREET 2:** SUITE 1190
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-303-0200

**MAIL ADDRESS:**
- **STREET 1:** 100 CRESCENT COURT
- **STREET 2:** SUITE 1190
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Wallace Capital Management Inc.<br>**Address:** 100 CRESCENT COURT<br>SUITE 1190<br>DALLAS, TX 75201

**Form 13F File Number:** 028-14310

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:** Blake Estess<br>**Title:** Chief Compliance Officer<br>**Phone:** 214-303-0200

**Signature, Place, and Date of Signing:**

Blake Estess Chief Compliance Officer  DALLAS, TX  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 66

**Form 13F Information Table Value Total:** $638318454

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AFFILIATED MANAGERS GROUP IN | COM | 008252108 |  | 13312747 | 84029 | SH |  | SOLE |  | 84029 | 0 | 0 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 203181 | 4445 | SH |  | SOLE |  | 4445 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 1465740 | 11281 | SH |  | SOLE |  | 11281 | 0 | 0 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 427559 | 1790 | SH |  | SOLE |  | 1790 | 0 | 0 |
| BELLRING BRANDS INC | COMMON STOCK | 07831C103 |  | 4127117 | 160964 | SH |  | SOLE |  | 160964 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 7968086 | 17 | SH |  | SOLE |  | 17 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 101865026 | 329767 | SH |  | SOLE |  | 329767 | 0 | 0 |
| CABLE ONE INC | COM | 12685J105 |  | 26971902 | 37889 | SH |  | SOLE |  | 37889 | 0 | 0 |
| CLARUS CORP NEW | COM | 18270P109 |  | 231699 | 29553 | SH |  | SOLE |  | 29553 | 0 | 0 |
| CLOROX CO DEL | COM | 189054109 |  | 1786261 | 12729 | SH |  | SOLE |  | 12729 | 0 | 0 |
| CNX RES CORP | COM | 12653C108 |  | 7409297 | 439982 | SH |  | SOLE |  | 439982 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 5824434 | 91565 | SH |  | SOLE |  | 91565 | 0 | 0 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 1061301 | 13470 | SH |  | SOLE |  | 13470 | 0 | 0 |
| CONDUENT INC | COM | 206787103 |  | 1539413 | 380102 | SH |  | SOLE |  | 380102 | 0 | 0 |
| CRAWFORD  CO | CL A | 224633206 |  | 141780 | 25500 | SH |  | SOLE |  | 25500 | 0 | 0 |
| CROWN CRAFTS INC | COM | 228309100 |  | 66750 | 12500 | SH |  | SOLE |  | 12500 | 0 | 0 |
| DRIL-QUIP INC | COM | 262037104 |  | 3577990 | 131689 | SH |  | SOLE |  | 131689 | 0 | 0 |
| EQUITY COMWLTH | COM SH BEN INT | 294628102 |  | 13094021 | 524390 | SH |  | SOLE |  | 524390 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 486009 | 4406 | SH |  | SOLE |  | 4406 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 14156495 | 374610 | SH |  | SOLE |  | 374610 | 0 | 0 |
| FRANKLIN RESOURCES INC | COM | 354613101 |  | 8385591 | 317877 | SH |  | SOLE |  | 317877 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 |  | 18282864 | 218043 | SH |  | SOLE |  | 218043 | 0 | 0 |
| GRAHAM HLDGS CO | COM CL B | 384637104 |  | 102750150 | 170057 | SH |  | SOLE |  | 170057 | 0 | 0 |
| GSK PLC | SPONSORED ADR | 37733W204 |  | 3143500 | 89456 | SH |  | SOLE |  | 89456 | 0 | 0 |
| HALEON PLC | SPON ADS | 405552100 |  | 1083712 | 135464 | SH |  | SOLE |  | 135464 | 0 | 0 |
| HANESBRANDS INC | COM | 410345102 |  | 4446976 | 699210 | SH |  | SOLE |  | 699210 | 0 | 0 |
| HERSHEY CO | COM | 427866108 |  | 2459042 | 10619 | SH |  | SOLE |  | 10619 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 271640 | 860 | SH |  | SOLE |  | 860 | 0 | 0 |
| INVESTORS TITLE CO NC | COM | 461804106 |  | 1065579 | 7222 | SH |  | SOLE |  | 7222 | 0 | 0 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 21077992 | 119321 | SH |  | SOLE |  | 119321 | 0 | 0 |
| JOHNSON OUTDOORS INC | CL A | 479167108 |  | 9884397 | 149492 | SH |  | SOLE |  | 149492 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 268736 | 2004 | SH |  | SOLE |  | 2004 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 |  | 542871 | 13335 | SH |  | SOLE |  | 13335 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 9127002 | 119667 | SH |  | SOLE |  | 119667 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 405646 | 5348 | SH |  | SOLE |  | 5348 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL A | G5480U104 |  | 2170646 | 114667 | SH |  | SOLE |  | 114667 | 0 | 0 |
| LIBERTY GLOBAL PLC | SHS CL C | G5480U120 |  | 35231642 | 1813260 | SH |  | SOLE |  | 1813260 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM A SIRIUSXM | 531229409 |  | 2400740 | 61072 | SH |  | SOLE |  | 61072 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM C SIRIUSXM | 531229607 |  | 8518405 | 217695 | SH |  | SOLE |  | 217695 | 0 | 0 |
| LILLY ELI  CO | COM | 532457108 |  | 925941 | 2531 | SH |  | SOLE |  | 2531 | 0 | 0 |
| LOEWS CORP | COM | 540424108 |  | 18909953 | 324189 | SH |  | SOLE |  | 324189 | 0 | 0 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 324341 | 1960 | SH |  | SOLE |  | 1960 | 0 | 0 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 382503 | 1100 | SH |  | SOLE |  | 1100 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 |  | 486707 | 1847 | SH |  | SOLE |  | 1847 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 2291303 | 20652 | SH |  | SOLE |  | 20652 | 0 | 0 |
| MERCURY GENL CORP NEW | COM | 589400100 |  | 3589231 | 104948 | SH |  | SOLE |  | 104948 | 0 | 0 |
| MOHAWK INDS INC | COM | 608190104 |  | 6521738 | 63801 | SH |  | SOLE |  | 63801 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 |  | 2429830 | 36457 | SH |  | SOLE |  | 36457 | 0 | 0 |
| NATIONAL PRESTO INDS INC | COM | 637215104 |  | 2641524 | 38585 | SH |  | SOLE |  | 38585 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 277855 | 1538 | SH |  | SOLE |  | 1538 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 301445 | 5883 | SH |  | SOLE |  | 5883 | 0 | 0 |
| PHILIP MORRIS INTL INC | COM | 718172109 |  | 367291 | 3629 | SH |  | SOLE |  | 3629 | 0 | 0 |
| PIPER SANDLER COMPANIES | COM | 724078100 |  | 415046 | 3188 | SH |  | SOLE |  | 3188 | 0 | 0 |
| POST HLDGS INC | COM | 737446104 |  | 12981283 | 143821 | SH |  | SOLE |  | 143821 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 3462747 | 22847 | SH |  | SOLE |  | 22847 | 0 | 0 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 13280159 | 102955 | SH |  | SOLE |  | 102955 | 0 | 0 |
| RPC INC | COM | 749660106 |  | 448945 | 50500 | SH |  | SOLE |  | 50500 | 0 | 0 |
| SANOFI | SPONSORED ADR | 80105N105 |  | 6184554 | 127701 | SH |  | SOLE |  | 127701 | 0 | 0 |
| SERITAGE GROWTH PPTYS | CL A | 81752R100 |  | 1243183 | 105087 | SH |  | SOLE |  | 105087 | 0 | 0 |
| TRIPADVISOR INC | COM | 896945201 |  | 7227978 | 402001 | SH |  | SOLE |  | 402001 | 0 | 0 |
| UNILEVER PLC | SPON ADR NEW | 904767704 |  | 11380100 | 226020 | SH |  | SOLE |  | 226020 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 294811 | 1419 | SH |  | SOLE |  | 1419 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 248153 | 6010 | SH |  | SOLE |  | 6010 | 0 | 0 |
| WESTWOOD HLDGS GROUP INC | COM | 961765104 |  | 113107 | 10159 | SH |  | SOLE |  | 10159 | 0 | 0 |
| WHITE MTNS INS GROUP LTD | COM | G9618E107 |  | 104109755 | 73611 | SH |  | SOLE |  | 73611 | 0 | 0 |
| ZOETIS INC | CL A | 98978V103 |  | 245032 | 1672 | SH |  | SOLE |  | 1672 | 0 | 0 |

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