Skip to main content
Livermore
Livermore
ZHEN

ValueAct Capital

Superinvestor

ValueAct Holdings, L.P.

SEC CIK
0001418814
Manager
Mason Morfit
Style
Activist
Latest filing
Aug 14, 2026

The latest 13F from ValueAct Capital covers Q2 2026 (filed Aug 14, 2026): 18 long positions worth $5.63B. The top 10 holdings make up 86.7% of the portfolio, and the largest is Visa Inc. (V) at 14.1%. Livermore has 24 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$30.9M
Added
7
Est. +$499.1M
Reduced
6
Est. −$864.8M
Sold out
1
Est. −$38.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. VVisa Inc.
    14.1%$794.7MHistory
  2. AMZNAmazon Com Inc
    12.4%$701.1MHistory
  3. RKTRocket Companies, Inc.
    11.6%$656.3MHistory
  4. BLKBlackRock, Inc.
    9.9%$559.3MHistory
  5. METAMeta Platforms, Inc.
    9.2%$515.8MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. RKTRocket Companies, Inc.
    +$211.9MAddedHistory
  2. CBRECbre Group, Inc.
    +$102.1MAddedHistory
  3. SPOTSpotify Technology S.A.
    +$77.3MAddedHistory
  4. TOSTToast, Inc.
    +$34.5MAddedHistory
  5. BLKBlackRock, Inc.
    +$34.2MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. RKTRocket Companies, Inc.
    +4.61 pp7.0% → 11.6%History
  2. AMZNAmazon Com Inc
    +1.93 pp10.5% → 12.4%History
  3. CBRECbre Group, Inc.
    +1.82 pp0.6% → 2.4%History
  4. SPOTSpotify Technology S.A.
    +1.25 pp3.0% → 4.3%History
  5. TOSTToast, Inc.
    +0.99 pp6.0% → 7.0%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. MDBMongoDB, Inc.
    −$292.9MReducedHistory
  2. RBLXRoblox Corp
    −$146.9MReducedHistory
  3. LLYVKLiberty Live Holdings, Inc.
    −$146.7MReducedHistory
  4. SSDSimpson Manufacturing Co., Inc.
    −$118.8MReducedHistory
  5. LLYVALiberty Live Holdings, Inc.
    −$100.4MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. MDBMongoDB, Inc.
    −3.46 pp4.4% → 1.0%History
  2. RBLXRoblox Corp
    −2.75 pp5.8% → 3.0%History
  3. LLYVKLiberty Live Holdings, Inc.
    −1.79 pp5.9% → 4.1%History
  4. LLYVALiberty Live Holdings, Inc.
    −1.44 pp2.9% → 1.4%History
  5. SSDSimpson Manufacturing Co., Inc.
    −1.11 pp4.2% → 3.1%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$5.63B
−$77.5M (−1.4%) vs. prior quarter
Positions
18
0 vs. prior quarter
Top 10 concentration
86.7%
Top 10 as share of value
Turnover
9.3%
Q2 2026, one quarter
Average holding period
6.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $9.02B (Q2 2021)

Q1 2021: $8.57BQ2 2021: $9.02BQ3 2021: $8.63BQ4 2021: $8.87BQ1 2022: $7.27BQ2 2022: $6.27BQ3 2022: $5.90BQ4 2022: $5.31BQ1 2023: $6.14BQ2 2023: $6.43BQ3 2023: $4.45BQ4 2023: $5.00BQ1 2024: $4.54BQ2 2024: $3.56BQ3 2024: $4.37BQ4 2024: $4.39BQ1 2025: $4.58BQ2 2025: $5.60BQ3 2025: $5.93BQ4 2025: $7.03BQ1 2026: $5.71BQ2 2026: $5.63B
Q1 2021Q2 2026
13F filings of ValueAct Capital by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 202618$5.63BVAMZNRKTvs. Q1 2026SEC
Q1 2026May 15, 202618$5.71BVAMZNCRMvs. Q4 2025SEC
Q4 2025Feb 17, 202616$7.03BCRMAMZNRKTvs. Q3 2025SEC
Q3 2025Nov 14, 202516$5.93BAMZNCRMRBLXvs. Q2 2025SEC
Q2 2025Aug 14, 202518$5.60BAMZNCRMDISvs. Q1 2025SEC
Q1 2025May 15, 202514$4.58BCRMDISNSITvs. Q4 2024SEC
Q4 2024Feb 14, 202512$4.39BCRMDISNSITvs. Q3 2024SEC
Q3 2024Nov 15, 2024Amended11$4.37BCRMNSITDISvs. Q2 2024SEC
Q2 2024Aug 14, 202410$3.56BCRMNSITDISvs. Q1 2024SEC
Q1 2024May 15, 202412$4.54BCRMNSITDISvs. Q4 2023SEC
Q4 2023Feb 14, 202414$5.00BCRMNSITEXPEvs. Q3 2023SEC
Q3 2023Nov 14, 202312$4.45BFISVCRMKKRvs. Q2 2023SEC
Q2 2023Aug 14, 20239$6.43BFISVKKRSTXvs. Q1 2023SEC
Q1 2023May 15, 20239$6.14BFISVKKRSTXvs. Q4 2022SEC
Q4 2022Feb 14, 20239$5.31BFISVKKRCBREvs. Q3 2022SEC
Q3 2022Nov 14, 202212$5.90BFISVKKRSTXvs. Q2 2022SEC
Q2 2022Aug 15, 202216$6.27BFISVKKRSTXvs. Q1 2022SEC
Q1 2022May 16, 202213$7.27BFISVKKRSTXvs. Q4 2021SEC
Q4 2021Feb 14, 202212$8.87BSTXKKRFISVvs. Q3 2021SEC
Q3 2021Nov 15, 202113$8.63BKKRSTXFISVvs. Q2 2021SEC
Q2 2021Aug 19, 2021Amended13$9.02BKKRSTXCvs. Q1 2021SECSEC
Q1 2021May 17, 202113$8.57BSTXCKKR–SEC

13D and 13G filings

Companies where ValueAct Capital reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

ValueAct Capital does not currently report owning 5% or more of any company.

Latest filings

16 filings on file made by ValueAct Capital or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by ValueAct Capital
CompanyFiled (ET)FilerFormStakeChangeEvent dateFiling
LLYVALiberty Live Holdings, Inc.Jun 15, 20264:47 PM ETVA Partners I, LLCand 8 others13D/A4.90%1.28M shares−2.10 ppfrom 7.00%Below 5%Jun 11, 2026SEC
LLYVALiberty Live Holdings, Inc.Dec 19, 20255:39 PM ETVA Partners I, LLCand 8 others13D7.00%1.80M sharesNewDec 15, 2025SEC
NSITInsight Enterprises IncDec 1, 20254:32 PM ETVA Partners I, LLCand 6 others13D/A4.70%1.45M shares−0.60 ppfrom 5.30%Below 5%Nov 26, 2025SEC
NSITInsight Enterprises IncOct 28, 20254:35 PM ETVA Partners I, LLCand 6 others13D/A5.30%1.67M shares−1.40 ppfrom 6.70%Oct 24, 2025SEC
NSITInsight Enterprises IncOct 9, 20254:47 PM ETVA Partners I, LLCand 6 others13D/A6.70%2.10M shares−1.20 ppfrom 7.90%Oct 7, 2025SEC
RKTRocket Companies, Inc.Oct 3, 20254:09 PM ETVA Partners I, LLCand 6 others13D/A4.30%41.5M shares−5.60 ppfrom 9.90%Below 5%Oct 1, 2025SEC
NSITInsight Enterprises IncSep 18, 20254:34 PM ETVA Partners I, LLCand 6 others13D/A7.90%2.48M shares−1.20 ppfrom 9.10%Sep 16, 2025SEC
RKTRocket Companies, Inc.Aug 4, 20254:22 PM ETVA Partners I, LLCand 6 others13D/A9.90%25.4M shares+1.00 ppfrom 8.90%Jul 31, 2025SEC
RKTRocket Companies, Inc.Jul 11, 20254:27 PM ETVA Partners I, LLCand 6 others13D/A8.90%22.7M shares+1.20 ppfrom 7.70%Jul 9, 2025SEC
RKTRocket Companies, Inc.Jul 3, 20252:13 PM ETVA Partners I, LLCand 6 others13D/A7.70%19.7M shares−2.20 ppfrom 9.90%Jul 2, 2025SEC
NSITInsight Enterprises IncMay 27, 20257:41 PM ETVA Partners I, LLCand 6 others13D/A9.10%2.86M shares−1.70 ppfrom 10.80%May 26, 2025SEC
NSITInsight Enterprises IncMay 15, 20254:41 PM ETVA Partners I, LLCand 6 others13D/A10.80%3.46M shares0.00 ppfrom 10.80%May 13, 2025SEC
RKTRocket Companies, Inc.May 15, 20254:31 PM ETVA Partners I, LLCand 6 others13D9.90%15.1M sharesNewMay 9, 2025SEC
NSITInsight Enterprises IncMay 12, 20254:04 PM ETVA Partners I, LLCand 6 others13D/A10.80%3.46M shares–May 8, 2025SEC
FWONALiberty Media CorpMay 6, 20256:44 PM ETValueAct Capital Master Fund, L.P.and 8 others13D/A6.90%1.77M shares+1.40 ppfrom 5.50%May 2, 2025SEC
FWONALiberty Media CorpFeb 11, 20255:34 PM ETValueAct Capital Master Fund, L.P.and 6 others13D5.50%1.41M sharesNewFeb 4, 2025SEC