Mason Morfit ValueAct Holdings
Mason Morfit is chief executive officer of ValueAct Capital, a major constructive-activist investment firm. ValueAct typically takes significant stakes in companies and works with boards on strategy, capital allocation, and operational improvement. Morfit’s campaigns and holdings are closely watched in both activist and fundamental investing communities.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Allison Transmission
ALSN
|
+$347M |
| 2 |
DRC
DRESSER-RAND GROUP INC
DRC
|
+$39M |
| 3 |
MSCI
MSCI
|
+$2.53M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Adobe
ADBE
|
+$331M |
| 2 |
CF Industries
CF
|
+$298M |
| 3 |
The Mosaic Company
MOS
|
+$24.8M |
| 4 |
Valero Energy
VLO
|
+$21.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 49.36% |
| 2 | Healthcare | 18.37% |
| 3 | Financials | 9.44% |
| 4 | Industrials | 8.34% |
| 5 | Real Estate | 7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $2.5B | 20.69% |
66,865,530
| – | – |
|
2
Bausch Health
BHC
$2.41B
| $2.22B | 18.37% |
18,923,877
| – | – |
|
3
Motorola Solutions
MSI
$79.5B
| $1.95B | 16.14% |
28,907,623
| – | – |
|
|
4
Adobe
ADBE
$109B
| $1.52B | 12.53% |
25,310,116
-5,993,246
| -19% | -$331M |
|
|
COL
5
DELISTED
Rockwell Collins
COL
| $969M | 8.02% |
13,113,000
| – | – |
|
6
CBRE Group
CBRE
$44B
| $846M | 7% |
32,162,764
| – | – |
|
7
Willis Towers Watson
WTW
$31.8B
| $816M | 6.75% |
6,876,049
| – | – |
|
|
8
Allison Transmission
ALSN
$11B
| $498M | 4.12% |
18,025,204
+13,400,000
| +290% | +$347M |
|
|
MCRS
9
DELISTED
MICROS SYSTEMS INC
MCRS
| $384M | 3.18% |
6,697,308
| – | – |
|
|
10
MSCI
MSCI
$41B
| $326M | 2.7% |
7,454,117
+60,100
| +0.8% | +$2.53M |
|
|
DRC
11
DELISTED
DRESSER-RAND GROUP INC
DRC
| $39.3M | 0.32% |
+658,222
| New | +$39M |
|
|
OPLN
12
Openlane
OPLN
$4.08B
| $23.7M | 0.2% |
2,123,185
| – | – |
|
|
13
CF Industries
CF
$19.6B
| – | – |
-7,061,000
| Closed | -$298M |
|
|
14
The Mosaic Company
MOS
$7.76B
| – | – |
-575,944
| Closed | -$24.8M |
|
|
15
Valero Energy
VLO
$100B
| – | – |
-637,747
| Closed | -$21.8M |
|
Similar funds
Mason Morfit's Q4 2013 Portfolio in Review
As of Q4 2013, Mason Morfit held 15 positions worth $12.1B, up 9.1% from $11.1B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Mason Morfit's Q4 2013 filing shows 1 new, 2 increased, 1 reduced and 3 closed positions. Its largest new stake was DRESSER-RAND GROUP INC: 658,222 shares worth $39.3M. The largest sale was Adobe, an estimated $331M.
By sector, the portfolio is most concentrated in Technology at 49% of assets, down from 50% a quarter earlier, followed by Healthcare and Financials.
- Mason Morfit's largest Q4 2013 buy was DRESSER-RAND GROUP INC: 658,222 shares worth $39.3M.
- Mason Morfit added most to Allison Transmission in Q4 2013, an estimated $347M increase.
- Mason Morfit's biggest Q4 2013 reduction was Adobe, cutting an estimated $331M.
- Mason Morfit fully exited CF Industries in Q4 2013, selling an estimated $298M.
- Mason Morfit's ten largest holdings make up 99% of its $12.1B portfolio in Q4 2013.
- Mason Morfit opened 1 new position and closed 3 in Q4 2013.
- Mason Morfit's portfolio value rose 9.1% quarter-over-quarter to $12.1B.
Based on ValueAct Holdings's 13F filing for Q4 2013, filed 14 Feb 2014.