ValueAct Capital
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Mason Morfit's ValueAct Capital reported 16 stock positions worth $5.9 billion. Its top holding was Amazon.com (AMZN) at 13.0% of the portfolio, followed by Salesforce (CRM, 11.6%) and Roblox Class A (RBLX, 10.0%). Compared with Q2 2025, it opened 1 new position, sold out of 3, added to 4 and reduced 9. The biggest buy was Rocket Cos Class A (RKT, shares +68%) and the biggest sale Walt Disney (DIS, shares −14%).
- Most Recent 13F
- Q2 2026
- Notable People
- Mason Morfit
- Location
- SAN FRANCISCO, CA
- CIK
- 0001418814
- Portfolio Value
- $5.9B (Q3 2025)
- SEC Filing
- 0001418814-25-000003 ↗ filed Nov 14, 2025
Holdings Value
Holdings 16 stocks · $5.9B
| AMZN Amazon.com Inc. | 12.96% | 3,500,500 | $768.6M | Reduce -9.6% |
| CRM Salesforce Inc. | 11.59% | 2,898,509 | $686.9M | No change |
| RBLX Roblox Corp. Class A | 10.01% | 4,283,221 | $593.3M | Reduce -9.5% |
| META Meta Platforms Inc. Class A | 9.52% | 768,674 | $564.5M | Add +23.3% |
| V Visa Inc. Class A | 9.02% | 1,565,850 | $534.5M | Add +25.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 8.48% | 4,391,931 | $502.9M | Reduce -13.7% |
| RKT Rocket Cos Inc. Class A | 8.30% | 25,395,627 | $492.2M | Add +67.9% |
| MDB Mongodb Inc. | 6.19% | 2,118,200 | $367.2M | Add +206.8% |
| LLYVK Liberty Media Corp.-Liberty-C | 5.75% | 3,515,888 | $340.9M | Reduce -11.9% |
| NSIT Insight Enterprises Inc. | 4.34% | 2,271,739 | $257.6M | Reduce -20.6% |
| SSD Simpson Manufacturing Co. Inc. | 3.41% | 1,207,942 | $202.3M | Reduce -14.1% |
| COOP Mr Cooper Group Inc. | 3.22% | 904,800 | $190.7M | No change |
| LLYVA Liberty Media Corp.-Liberty-A | 2.73% | 1,719,548 | $162.2M | Reduce -3.0% |
| TOST Toast Inc. Class A | 2.09% | 3,397,200 | $124.0M | New |
| LYV Live Nation Entertainment Inc. | 1.77% | 640,866 | $104.7M | Reduce -27.6% |
| CBRE CBRE Group Inc. Class A | 0.62% | 234,591 | $37.0M | Reduce -60.2% |
Portfolio Sells Q2 2025 → Q3 2025
| DIS The Walt Disney Co. | Reduce -13.7% | 8.48% | −2.79 |
| NSIT Insight Enterprises Inc. | Reduce -20.6% | 4.34% | −2.71 |
| AMZN Amazon.com Inc. | Reduce -9.6% | 12.96% | −2.21 |
| RDFN Redfin Corp. | Sold out | 0.00% | −1.16 |
| CBRE CBRE Group Inc. Class A | Reduce -60.2% | 0.62% | −0.85 |
| EXPE Expedia Group Inc. | Sold out | 0.00% | −0.84 |
| LYV Live Nation Entertainment Inc. | Reduce -27.6% | 1.77% | −0.63 |
| SSD Simpson Manufacturing Co. Inc. | Reduce -14.1% | 3.41% | −0.49 |
| CCC CCC Intelligent Solutions Ho | Sold out | 0.00% | −0.48 |
| LLYVK Liberty Media Corp.-Liberty-C | Reduce -11.9% | 5.75% | −0.04 |
| LLYVA Liberty Media Corp.-Liberty-A | Reduce -3.0% | 2.73% | +0.22 |
| RBLX Roblox Corp. Class A | Reduce -9.5% | 10.01% | +1.12 |
Portfolio Buys Q2 2025 → Q3 2025
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 |