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 |
Armstrong World Industries
AWI
|
+$146M |
| 2 |
Microsoft
MSFT
|
+$119M |
| 3 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$88.2M |
| 4 |
MSCI
MSCI
|
+$52M |
| 5 |
CBRE Group
CBRE
|
+$89.1K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$152M |
| 2 |
MCRS
MICROS SYSTEMS INC
MCRS
|
+$120M |
| 3 |
COL
Rockwell Collins
COL
|
+$86.4M |
| 4 |
Expeditors International
EXPD
|
+$55.1M |
| 5 |
Adobe
ADBE
|
+$48.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.24% |
| 2 | Healthcare | 17.64% |
| 3 | Industrials | 10.43% |
| 4 | Financials | 9.06% |
| 5 | Real Estate | 7.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.59T
| $3.1B | 22.88% |
74,236,642
+2,951,112
| +4% | +$119M |
|
2
Bausch Health
BHC
$2.41B
| $2.39B | 17.64% |
18,923,877
| – | – |
|
3
Motorola Solutions
MSI
$79.5B
| $1.92B | 14.22% |
28,907,623
| – | – |
|
|
4
Adobe
ADBE
$109B
| $1.78B | 13.14% |
24,560,116
-750,000
| -3% | -$48.4M |
|
|
5
CBRE Group
CBRE
$44B
| $1.03B | 7.62% |
32,165,849
+3,085
| +0% | +$89.1K |
|
|
COL
6
DELISTED
Rockwell Collins
COL
| $939M | 6.94% |
12,011,700
-1,100,000
| -8% | -$86.4M |
|
7
Willis Towers Watson
WTW
$31.8B
| $798M | 5.9% |
6,954,532
| – | – |
|
8
Allison Transmission
ALSN
$11B
| $561M | 4.14% |
18,025,204
| – | – |
|
|
9
MSCI
MSCI
$41B
| $428M | 3.17% |
9,341,288
+1,208,171
| +15% | +$52M |
|
|
DRC
10
DELISTED
DRESSER-RAND GROUP INC
DRC
| $278M | 2.05% |
4,358,408
-650,000
| -13% | -$39.7M |
|
|
11
Armstrong World Industries
AWI
$7.55B
| $155M | 1.15% |
+2,700,000
| New | +$146M |
|
|
TFCF
12
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $91.2M | 0.67% |
+2,663,083
| New | +$88.2M |
|
|
13
Expeditors International
EXPD
$24.4B
| $40M | 0.3% |
905,364
-1,281,336
| -59% | -$55.1M |
|
|
OPLN
14
Openlane
OPLN
$4.08B
| $25.6M | 0.19% |
2,123,185
| – | – |
|
|
15
Gen Digital
GEN
$17.3B
| – | – |
-7,591,219
| Closed | -$152M |
|
|
MCRS
16
DELISTED
MICROS SYSTEMS INC
MCRS
| – | – |
-2,272,552
| Closed | -$120M |
|
Similar funds
Mason Morfit's Q2 2014 Portfolio in Review
As of Q2 2014, Mason Morfit held 16 positions worth $13.5B, up 2.2% from $13.2B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Mason Morfit's Q2 2014 filing shows 2 new, 3 increased, 4 reduced and 2 closed positions. Its largest new stake was Armstrong World Industries: 2,700,000 shares worth $155M. The largest sale was Gen Digital, an estimated $152M.
By sector, the portfolio is most concentrated in Technology at 50% of assets, up from 50% a quarter earlier, followed by Healthcare and Industrials.
- Mason Morfit's largest Q2 2014 buy was Armstrong World Industries: 2,700,000 shares worth $155M.
- Mason Morfit added most to Microsoft in Q2 2014, an estimated $119M increase.
- Mason Morfit's biggest Q2 2014 reduction was Rockwell Collins, cutting an estimated $86.4M.
- Mason Morfit fully exited Gen Digital in Q2 2014, selling an estimated $152M.
- Mason Morfit's ten largest holdings make up 98% of its $13.5B portfolio in Q2 2014.
- Mason Morfit opened 2 new positions and closed 2 in Q2 2014.
- Mason Morfit's portfolio value rose 2.2% quarter-over-quarter to $13.5B.
Based on ValueAct Holdings's 13F filing for Q2 2014, filed 14 Aug 2014.