ValueAct Capital
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Mason Morfit's ValueAct Capital reported 12 stock positions worth $4.5 billion. Its top holding was Salesforce (CRM) at 23.1% of the portfolio, followed by Insight Enterprises (NSIT, 18.4%) and Walt Disney (DIS, 14.6%). Compared with Q4 2023, it opened 1 new position, sold out of 3, added to 3 and reduced 7. The biggest buy was Walt Disney (DIS, shares +7%) and the biggest sale KKR (KKR, shares −68%).
- Most Recent 13F
- Q2 2026
- Notable People
- Mason Morfit
- Location
- SAN FRANCISCO, CA
- CIK
- 0001418814
- Portfolio Value
- $4.5B (Q1 2024)
- SEC Filing
- 0001418812-24-000011 ↗ filed May 15, 2024
Holdings Value
Holdings 12 stocks · $4.5B
| CRM Salesforce Inc. | 23.11% | 3,486,309 | $1.1B | No change |
| NSIT Insight Enterprises Inc. | 18.42% | 4,511,739 | $837.0M | Add +0.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 14.59% | 5,418,631 | $663.0M | Add +6.5% |
| FISV Fiserv Inc. | 12.86% | 3,655,641 | $584.2M | Reduce -12.7% |
| EXPE Expedia Group Inc. | 10.35% | 3,414,568 | $470.4M | Reduce -19.7% |
| CBRE CBRE Group Inc. Class A | 5.29% | 2,470,748 | $240.3M | Reduce -46.7% |
| SPOT Spotify Technology SA | 4.77% | 820,553 | $216.5M | Reduce -20.1% |
| KKR KKR & Co. Inc. | 4.22% | 1,904,808 | $191.6M | Reduce -68.0% |
| NYT New York Times Co. Class A | 1.99% | 2,094,392 | $90.5M | Reduce -42.3% |
| RBLX Roblox Corp. Class A | 1.93% | 2,300,000 | $87.8M | Add +27.8% |
| FLUT Flutter Entertainment PLC-Di | 1.72% | 495,135 | $78.2M | New |
| ILMN Illumina Inc. | 0.74% | 243,777 | $33.5M | Reduce -25.7% |
Portfolio Sells Q4 2023 → Q1 2024
| KKR KKR & Co. Inc. | Reduce -68.0% | 4.22% | −5.66 |
| CBRE CBRE Group Inc. Class A | Reduce -46.7% | 5.29% | −3.35 |
| EXPE Expedia Group Inc. | Reduce -19.7% | 10.35% | −2.56 |
| PAYC Paycom Software Inc. | Sold out | 0.00% | −2.52 |
| NYT New York Times Co. Class A | Reduce -42.3% | 1.99% | −1.56 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.93 |
| STX Seagate Technology Holdings | Sold out | 0.00% | −0.45 |
| ILMN Illumina Inc. | Reduce -25.7% | 0.74% | −0.18 |
| SPOT Spotify Technology SA | Reduce -20.1% | 4.77% | +0.90 |
| FISV Fiserv Inc. | Reduce -12.7% | 12.86% | +1.72 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 18 | $5.6B | V, AMZN, RKT, BLK, META |
| Q1 2026 | 18 | $5.7B | V, AMZN, CRM, BLK, META |
| Q4 2025 | 16 | $7.0B | CRM, AMZN, RKT, BLK, META |
| Q3 2025 | 16 | $5.9B | AMZN, CRM, RBLX, META, V |
| Q2 2025 | 18 | $5.6B | AMZN, CRM, DIS, RBLX, META |
| Q1 2025 | 14 | $4.6B | CRM, DIS, NSIT, META, RBLX |
| Q4 2024 | 12 | $4.4B | CRM, DIS, NSIT, RBLX, EXPE |
| Q3 2024Amended | 11 | $4.4B | CRM, NSIT, DIS, RBLX, TOST |
| Q2 2024 | 10 | $3.6B | CRM, NSIT, DIS, EXPE, SPOT |
| Q1 2024 | 12 | $4.5B | CRM, NSIT, DIS, FISV, EXPE |