ValueAct Capital
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Mason Morfit's ValueAct Capital reported 16 stock positions worth $7.0 billion. Its top holding was Salesforce (CRM) at 11.3% of the portfolio, followed by Amazon.com (AMZN, 11.2%) and Rocket Cos Class A (RKT, 10.9%). Compared with Q3 2025, it opened 1 new position, sold out of 1, added to 10 and reduced 4. The biggest buy was a new position in BlackRock (BLK) and the biggest sale Walt Disney (DIS, shares −30%).
- Most Recent 13F
- Q2 2026
- Notable People
- Mason Morfit
- Location
- SAN FRANCISCO, CA
- CIK
- 0001418814
- Portfolio Value
- $7.0B (Q4 2025)
- SEC Filing
- 0001418814-26-000001 ↗ filed Feb 17, 2026
Holdings Value
Holdings 16 stocks · $7.0B
| CRM Salesforce Inc. | 11.29% | 2,994,509 | $793.3M | Add +3.3% |
| AMZN Amazon.com Inc. | 11.15% | 3,394,300 | $783.5M | Reduce -3.0% |
| RKT Rocket Cos Inc. Class A | 10.85% | 39,380,652 | $762.4M | Add +55.1% |
| BLK BlackRock Inc. | 10.59% | 695,000 | $743.9M | New |
| META Meta Platforms Inc. Class A | 9.85% | 1,047,974 | $691.8M | Add +36.3% |
| V Visa Inc. Class A | 8.58% | 1,718,250 | $602.6M | Add +9.7% |
| MDB Mongodb Inc. | 8.40% | 1,406,800 | $590.4M | Reduce -33.6% |
| RBLX Roblox Corp. Class A | 6.89% | 5,975,821 | $484.2M | Add +39.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 4.98% | 3,077,931 | $350.2M | Reduce -29.9% |
| LLYVK Liberty Live Holdings Class C | 4.27% | 3,603,988 | $299.7M | Add +2.5% |
| TOST Toast Inc. Class A | 4.05% | 8,015,277 | $284.6M | Add +135.9% |
| SSD Simpson Manufacturing Co. Inc. | 3.38% | 1,472,142 | $237.7M | Add +21.9% |
| LLYVA Liberty Live Holdings Class A | 2.09% | 1,799,319 | $146.6M | Add +4.6% |
| LYV Live Nation Entertainment Inc. | 1.67% | 823,066 | $117.3M | Add +28.4% |
| NSIT Insight Enterprises Inc. | 1.41% | 1,216,592 | $99.1M | Reduce -46.5% |
| CBRE CBRE Group Inc. Class A | 0.54% | 234,591 | $37.7M | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| BLK BlackRock Inc. | New | 10.59% | +10.59 |
| RKT Rocket Cos Inc. Class A | Add +55.1% | 10.85% | +2.55 |
| TOST Toast Inc. Class A | Add +135.9% | 4.05% | +1.96 |
| META Meta Platforms Inc. Class A | Add +36.3% | 9.85% | +0.33 |
| SSD Simpson Manufacturing Co. Inc. | Add +21.9% | 3.38% | −0.03 |
| LYV Live Nation Entertainment Inc. | Add +28.4% | 1.67% | −0.10 |
| CRM Salesforce Inc. | Add +3.3% | 11.29% | −0.29 |
| V Visa Inc. Class A | Add +9.7% | 8.58% | −0.44 |
| LLYVA Liberty Live Holdings Class A | Add +4.6% | 2.09% | −0.65 |
| LLYVK Liberty Live Holdings Class C | Add +2.5% | 4.27% | −1.48 |
| RBLX Roblox Corp. Class A | Add +39.5% | 6.89% | −3.11 |
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 |