ValueAct Capital
Founded by Jeff Ubben; led by Mason Morfit · San Francisco, CA · CIK 1418814 · EDGAR filings ↗
Constructive activist with board seats.
Reported 13F portfolio value covers U.S. reportable long positions only, not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Share of reported common-equity value; (±pp) vs prior quarter.
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | CRM Salesforce, Inc. | 25.8% | $2.14B | 7.83M | +100.0% | ▲ Add | 2 |
| 2 | NSIT Insight Enterprises, Inc. | 21.1% | $1.75B | 8.12M | +100.0% | ▲ Add | 2 |
| 3 | DIS The Walt Disney Company | 17.3% | $1.44B | 14.93M | +143.4% | ▲ Add | 2 |
| 4 | RBLX Roblox Corporation | 10.8% | $897.23M | 20.27M | +781.4% | ▲ Add | 2 |
| 5 | EXPE Expedia Group, Inc. | 9.3% | $771.96M | 5.22M | +52.7% | ▲ Add | 2 |
| 6 | TOST Toast, Inc. | 5.3% | $438.30M | 15.48M | New | New | 1 |
| 7 | META Meta Platforms, Inc. | 2.9% | $242.14M | 423.00K | New | New | 1 |
| 8 | LYV Live Nation Entertainment… | 2.7% | $222.19M | 2.03M | New | New | 1 |
| 9 | V Visa Inc. | 2.5% | $205.44M | 747.20K | New | New | 1 |
| 10 | FWONA Formula One Group | 2.5% | $203.83M | 4.02M | New | New | 1 |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| TOST Toast, Inc. | 15.48M | n/a | New | $438.30M | 5.3% | |
| META Meta Platforms, Inc. | 423.00K | n/a | New | $242.14M | 2.9% | |
| LYV Live Nation… | 2.03M | n/a | New | $222.19M | 2.7% | |
| V Visa Inc. | 747.20K | n/a | New | $205.44M | 2.5% | |
| FWONA Formula One Group | 4.02M | n/a | New | $203.83M | 2.5% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| CRM Salesforce, Inc. | 7.83M | 3.91M | +100.0% | $2.14B | 25.8% | |
| NSIT Insight Enterprises… | 8.12M | 4.06M | +100.0% | $1.75B | 21.1% | |
| DIS The Walt Disney Company | 14.93M | 6.13M | +143.4% | $1.44B | 17.3% | |
| RBLX Roblox Corporation | 20.27M | 2.30M | +781.4% | $897.23M | 10.8% | |
| EXPE Expedia Group, Inc. | 5.22M | 3.41M | +52.7% | $771.96M | 9.3% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| None this quarter. | ||||||
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| SPOT Spotify Technology S.A. | n/a | 676.55K | Exit | $212.30M | 6.0% | |
| FI Fiserv, Inc. | n/a | 1.10M | Exit | $164.50M | 4.6% | |
| KKR KKR & Co. Inc. | n/a | 1.21M | Exit | $127.05M | 3.6% | |
| NYT The New York Times… | n/a | 1.34M | Exit | $68.85M | 1.9% | |
| FLTR.L Flutter Entertainment… | n/a | 323.24K | Exit | $46.76M | 1.3% |
Consecutive quarters each current position has been reported, within our data window.
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Soroban Capital Partners LP | 3 | 8.1% | 0.4052 | Compare ⇄ |
| Holocene Advisors, LP | 10 | 1.3% | 0.3343 | Compare ⇄ |
| Viking Global Investors | 3 | 3.0% | 0.3246 | Compare ⇄ |
| Loomis Sayles & Co L P | 6 | 0.9% | 0.3211 | Compare ⇄ |
| Tiger Global Management | 4 | 6.8% | 0.2892 | Compare ⇄ |
| Grantham, Mayo, Van Otterloo & Co. LLC | 8 | 1.2% | 0.2749 | Compare ⇄ |
| Balyasny Asset Management L.P. | 14 | 0.7% | 0.2718 | Compare ⇄ |
| Brown Advisory Inc | 14 | 1.0% | 0.2629 | Compare ⇄ |
Similarity of reported longs only; hedges and non-13F assets are invisible. Methodology
$5.63B · 18 holdings listed · View original SEC filing ↗
$5.71B · 18 holdings listed · View original SEC filing ↗
$7.03B · 16 holdings listed · View original SEC filing ↗
$5.93B · 16 holdings listed · View original SEC filing ↗
$5.60B · 18 holdings listed · View original SEC filing ↗
$4.58B · 14 holdings listed · View original SEC filing ↗
$4.39B · 12 holdings listed · View original SEC filing ↗
$4.37B · 11 holdings listed · amendment (new holdings) · View original SEC filing ↗
$3.94B · 10 holdings listed · View original SEC filing ↗
$3.56B · 10 holdings listed · View original SEC filing ↗