ValueAct Capital
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Mason Morfit's ValueAct Capital reported 14 stock positions worth $4.6 billion. Its top holding was Salesforce (CRM) at 17.0% of the portfolio, followed by Walt Disney (DIS, 14.1%) and Insight Enterprises (NSIT, 13.3%). Compared with Q4 2024, it opened 2 new positions, added to 5 and reduced 4. The biggest buy was Meta Platforms Class A (META, shares +380%) and the biggest sale Toast Class A (TOST, shares −70%).
- Most Recent 13F
- Q2 2026
- Notable People
- Mason Morfit
- Location
- SAN FRANCISCO, CA
- CIK
- 0001418814
- Portfolio Value
- $4.6B (Q1 2025)
- SEC Filing
- 0001418812-25-000015 ↗ filed May 15, 2025
Holdings Value
Holdings 14 stocks · $4.6B
| CRM Salesforce Inc. | 16.98% | 2,898,509 | $777.8M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 14.15% | 6,566,031 | $648.1M | No change |
| NSIT Insight Enterprises Inc. | 13.30% | 4,061,739 | $609.2M | No change |
| META Meta Platforms Inc. Class A | 12.77% | 1,014,874 | $584.9M | Add +379.9% |
| RBLX Roblox Corp. Class A | 11.15% | 8,764,921 | $510.9M | Reduce -13.5% |
| V Visa Inc. Class A | 10.04% | 1,312,950 | $460.1M | Add +251.4% |
| LLYVK Liberty Media Corp.-Liberty-C | 5.81% | 3,903,888 | $266.0M | Add +23.2% |
| EXPE Expedia Group Inc. | 4.10% | 1,117,156 | $187.8M | Reduce -44.6% |
| LYV Live Nation Entertainment Inc. | 2.52% | 885,266 | $115.6M | Reduce -16.6% |
| LLYVA Liberty Media Corp.-Liberty-A | 2.43% | 1,658,648 | $111.5M | Add +30.8% |
| AMZN Amazon.com Inc. | 2.34% | 563,100 | $107.1M | Add +4.9% |
| TOST Toast Inc. Class A | 1.88% | 2,597,200 | $86.1M | Reduce -69.6% |
| RKT Rocket Cos Inc. Class A | 1.77% | 6,728,509 | $81.2M | New |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.76% | 3,416,200 | $35.0M | New |
Portfolio Sells Q4 2024 → Q1 2025
Portfolio Buys Q4 2024 → Q1 2025
| META Meta Platforms Inc. Class A | Add +379.9% | 12.77% | +9.95 |
| V Visa Inc. Class A | Add +251.4% | 10.04% | +7.35 |
| RKT Rocket Cos Inc. Class A | New | 1.77% | +1.77 |
| LLYVK Liberty Media Corp.-Liberty-C | Add +23.2% | 5.81% | +0.89 |
| NU Nu Holdings Ltd./Cayman Isl-A | New | 0.76% | +0.76 |
| LLYVA Liberty Media Corp.-Liberty-A | Add +30.8% | 2.43% | +0.51 |
| AMZN Amazon.com Inc. | Add +4.9% | 2.34% | −0.35 |
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 |