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 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$760M |
| 2 |
AGU
Agrium
AGU
|
+$479M |
| 3 |
Armstrong World Industries
AWI
|
+$362M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$159M |
| 5 |
Willis Towers Watson
WTW
|
+$51.8K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DRC
DRESSER-RAND GROUP INC
DRC
|
+$278M |
| 2 |
COL
Rockwell Collins
COL
|
+$73.8M |
| 3 |
Adobe
ADBE
|
+$49.6M |
| 4 |
Expeditors International
EXPD
|
+$40M |
| 5 |
OPLN
Openlane
OPLN
|
+$25.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 46.39% |
| 2 | Healthcare | 16.64% |
| 3 | Industrials | 9.27% |
| 4 | Financials | 8.05% |
| 5 | Communication Services | 6.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $3.44B | 23.07% |
74,237,469
+827
| +0% | +$36.9K |
|
2
Bausch Health
BHC
$2.41B
| $2.48B | 16.64% |
18,923,877
| – | – |
|
3
Motorola Solutions
MSI
$79.5B
| $1.83B | 12.26% |
28,907,623
| – | – |
|
|
4
Adobe
ADBE
$109B
| $1.65B | 11.07% |
23,860,116
-700,000
| -3% | -$49.6M |
|
5
CBRE Group
CBRE
$44B
| $957M | 6.41% |
32,165,849
| – | – |
|
|
COL
6
DELISTED
Rockwell Collins
COL
| $868M | 5.81% |
11,051,428
-960,272
| -8% | -$73.8M |
|
|
TFCF
7
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $839M | 5.63% |
25,200,000
+22,536,917
| +846% | +$760M |
|
|
8
Willis Towers Watson
WTW
$31.8B
| $763M | 5.11% |
6,954,998
+466
| +0% | +$51.8K |
|
|
9
Armstrong World Industries
AWI
$7.55B
| $515M | 3.45% |
9,200,000
+6,500,000
| +241% | +$362M |
|
10
Allison Transmission
ALSN
$11B
| $514M | 3.44% |
18,025,204
| – | – |
|
|
AGU
11
DELISTED
Agrium
AGU
| $464M | 3.11% |
+5,216,753
| New | +$479M |
|
12
MSCI
MSCI
$41B
| $438M | 2.93% |
9,308,960
-32,328
| -0.3% | -$1.49M |
|
|
TFCFA
13
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $158M | 1.06% |
+4,600,000
| New | +$159M |
|
|
14
Expeditors International
EXPD
$24.4B
| – | – |
-905,364
| Closed | -$40M |
|
|
OPLN
15
Openlane
OPLN
$4.08B
| – | – |
-2,123,185
| Closed | -$25.6M |
|
|
DRC
16
DELISTED
DRESSER-RAND GROUP INC
DRC
| – | – |
-4,358,408
| Closed | -$278M |
|
Similar funds
Mason Morfit's Q3 2014 Portfolio in Review
As of Q3 2014, Mason Morfit held 16 positions worth $14.9B, up 10% from $13.5B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
Mason Morfit deployed $1.29B of net new capital in Q3 2014, opening 2 new positions and adding to 4 existing holdings. Its largest new stake was Agrium: 5,216,753 shares worth $464M.
By sector, the portfolio is most concentrated in Technology at 46% of assets, down from 50% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Rockwell Collins, an estimated $73.8M trimmed.
- Mason Morfit's largest Q3 2014 buy was Agrium: 5,216,753 shares worth $464M.
- Mason Morfit added most to Twenty-First Century Fox, Inc. Class B in Q3 2014, an estimated $760M increase.
- Mason Morfit's biggest Q3 2014 reduction was Rockwell Collins, cutting an estimated $73.8M.
- Mason Morfit fully exited DRESSER-RAND GROUP INC in Q3 2014, selling an estimated $278M.
- Mason Morfit's ten largest holdings make up 93% of its $14.9B portfolio in Q3 2014.
- Mason Morfit opened 2 new positions and closed 3 in Q3 2014.
- Mason Morfit's portfolio value rose 10% quarter-over-quarter to $14.9B.
Based on ValueAct Holdings's 13F filing for Q3 2014, filed 17 Nov 2014.