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 |
Halliburton
HAL
|
+$1.02B |
| 2 |
BHI
Baker Hughes
BHI
|
+$846M |
| 3 |
AGU
Agrium
AGU
|
+$279M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$174M |
| 5 |
Bausch Health
BHC
|
+$61.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Motorola Solutions
MSI
|
+$722M |
| 2 |
Adobe
ADBE
|
+$550M |
| 3 |
COL
Rockwell Collins
COL
|
+$540M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$158M |
| 5 |
CBRE Group
CBRE
|
+$27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 36.29% |
| 2 | Healthcare | 17.38% |
| 3 | Energy | 10.42% |
| 4 | Financials | 7.94% |
| 5 | Communication Services | 7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $3.45B | 21.61% |
74,238,243
+774
| +0% | +$36.3K |
|
|
2
Bausch Health
BHC
$2.41B
| $2.77B | 17.38% |
19,383,877
+460,000
| +2% | +$61.9M |
|
|
3
Motorola Solutions
MSI
$79.5B
| $1.18B | 7.39% |
17,588,576
-11,319,047
| -39% | -$722M |
|
|
4
Adobe
ADBE
$109B
| $1.16B | 7.29% |
16,006,753
-7,853,363
| -33% | -$550M |
|
|
TFCF
5
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.12B | 7% |
30,300,000
+5,100,000
| +20% | +$174M |
|
|
6
CBRE Group
CBRE
$44B
| $1.07B | 6.72% |
31,322,230
-843,619
| -3% | -$27M |
|
|
BHI
7
DELISTED
Baker Hughes
BHI
| $841M | 5.27% |
+14,997,500
| New | +$846M |
|
8
Willis Towers Watson
WTW
$31.8B
| $826M | 5.17% |
6,954,998
| – | – |
|
|
9
Halliburton
HAL
$29.4B
| $822M | 5.15% |
+20,895,000
| New | +$1.02B |
|
|
AGU
10
DELISTED
Agrium
AGU
| $776M | 4.86% |
8,194,898
+2,978,145
| +57% | +$279M |
|
11
Allison Transmission
ALSN
$11B
| $648M | 4.06% |
19,125,204
+1,100,000
| +6% | +$35M |
|
12
Armstrong World Industries
AWI
$7.55B
| $470M | 2.95% |
9,200,000
| – | – |
|
13
MSCI
MSCI
$41B
| $442M | 2.77% |
9,308,960
| – | – |
|
|
COL
14
DELISTED
Rockwell Collins
COL
| $377M | 2.36% |
4,465,000
-6,586,428
| -60% | -$540M |
|
|
TFCFA
15
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-4,600,000
| Closed | -$158M |
|
Similar funds
Mason Morfit's Q4 2014 Portfolio in Review
As of Q4 2014, Mason Morfit held 15 positions worth $16B, up 7% from $14.9B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Mason Morfit's Q4 2014 filing shows 2 new, 5 increased, 4 reduced and 1 closed positions. Its largest new stake was Halliburton: 20,895,000 shares worth $822M. The largest sale was Motorola Solutions, an estimated $722M.
By sector, the portfolio is most concentrated in Technology at 36% of assets, down from 46% a quarter earlier, followed by Healthcare and Energy.
- Mason Morfit's largest Q4 2014 buy was Halliburton: 20,895,000 shares worth $822M.
- Mason Morfit added most to Agrium in Q4 2014, an estimated $279M increase.
- Mason Morfit's biggest Q4 2014 reduction was Motorola Solutions, cutting an estimated $722M.
- Mason Morfit fully exited Twenty-First Century Fox, Inc. Class A in Q4 2014, selling an estimated $158M.
- Mason Morfit's ten largest holdings make up 88% of its $16B portfolio in Q4 2014.
- Mason Morfit opened 2 new positions and closed 1 in Q4 2014.
- Mason Morfit's portfolio value rose 7% quarter-over-quarter to $16B.
Based on ValueAct Holdings's 13F filing for Q4 2014, filed 17 Feb 2015.