ValueAct Holdings, L.P.
Long book
$5.71B
Q1 2026
Positions
18
Top-10 weight
81%
concentration
Last quarter
+8.6%
SPY +14.8%
Turnover
21%
of book per quarter
Strategy in plain words
auto-generated from filingsValueAct Holdings, L.P. is an activist investor that takes positions to influence management, running a $5.71B US long book across 18 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VISA INC-CLASS A SHARES, AMAZON.COM INC, SALESFORCE INC, BLACKROCK INC, META PLATFORMS INC-CLASS A.
Over the last 9 quarters its long book ran on average 2.7pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-5.9%
Q2 2024
+9.1%
Q3 2024
+10.8%
Q4 2024
-8.5%
Q1 2025
+19.3%
Q2 2025
+2.4%
Q3 2025
-2.5%
Q4 2025
-17.3%
Q1 2026
+8.6%
Sector allocation
Technology 37%
Services media 23%
Financials 22%
Consumer discretionary 11%
Industrials 4%
Communications 3%
Real estate 1%
Long book by quarter
What does ValueAct Holdings, own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| V VISA INC-CLASS A SHARES | Services media | 2.3M | $700.1M | 12.3% | +34.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.9M | $600.8M | 10.5% | -15.0% |
| CRM SALESFORCE INC | Technology | 3.0M | $559.0M | 9.8% | Held |
| BLK BLACKROCK INC | Financials | 546.1K | $525.2M | 9.2% | -21.4% |
| META META PLATFORMS INC-CLASS A | Technology | 915.7K | $523.9M | 9.2% | -12.6% |
| RKT ROCKET COS INC-CLASS A | Financials | 28.2M | $402.1M | 7.0% | -28.4% |
| TOST TOAST INC-CLASS A | Technology | 12.9M | $341.9M | 6.0% | +60.9% |
| LLYVK LIBERTY LIVE HOLDINGS-C | Services media | 3.6M | $335.1M | 5.9% | -1.2% |
| RBLX ROBLOX CORP -CLASS A | Technology | 5.8M | $330.8M | 5.8% | -2.1% |
| KKR KKR & CO INC | Financials | 3.3M | $303.4M | 5.3% | New |
| MDB MONGODB INC | Technology | 1.0M | $254.0M | 4.4% | -26.2% |
| SSD SIMPSON MANUFACTURING CO INC | Industrials | 1.4M | $239.9M | 4.2% | -5.0% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 358.5K | $173.8M | 3.0% | New |
| LLYVA LIBERTY LIVE HOLDINGS-A | Services media | 1.8M | $162.9M | 2.9% | -1.2% |
| LYV LIVE NATION ENTERTAINMENT IN | Services media | 624.7K | $95.3M | 1.7% | -24.1% |
| WIX WIX.COM LTD | Technology | 1.1M | $94.1M | 1.6% | New |
| DIS WALT DISNEY CO/THE | Services media | 400.2K | $38.6M | 0.7% | -87.0% |
| CBRE CBRE GROUP INC - A | Real estate | 234.6K | $31.8M | 0.6% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 18 | $5.71B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 16 | $7.03B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 16 | $5.93B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 18 | $5.60B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 14 | $4.58B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 12 | $4.39B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR/ANEW HOLDINGS | Nov 15, 2024 | 11 | $4.37B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 10 | $3.94B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 10 | $3.56B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 12 | $4.54B | canonical | SEC ↗ |