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
|
+$536M |
| 2 |
BHI
Baker Hughes
BHI
|
+$498M |
| 3 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$121M |
| 4 |
WCC
WESCO International
WCC
|
+$73.7M |
| 5 |
Microsoft
MSFT
|
+$45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
COL
Rockwell Collins
COL
|
+$377M |
| 2 |
AGU
Agrium
AGU
|
+$24.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.94% |
| 2 | Healthcare | 21.28% |
| 3 | Energy | 16.36% |
| 4 | Financials | 8.06% |
| 5 | Real Estate | 6.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Bausch Health
BHC
$2.41B
| $3.85B | 21.28% |
19,383,877
| – | – |
|
|
2
Microsoft
MSFT
$3.59T
| $3.06B | 16.91% |
75,271,429
+1,033,186
| +1% | +$45M |
|
|
3
Halliburton
HAL
$29.4B
| $1.48B | 8.19% |
33,756,760
+12,861,760
| +62% | +$536M |
|
|
BHI
4
DELISTED
Baker Hughes
BHI
| $1.48B | 8.17% |
23,246,700
+8,249,200
| +55% | +$498M |
|
5
CBRE Group
CBRE
$44B
| $1.21B | 6.7% |
31,322,230
| – | – |
|
6
Adobe
ADBE
$109B
| $1.18B | 6.54% |
16,006,753
| – | – |
|
7
Motorola Solutions
MSI
$79.5B
| $1.17B | 6.48% |
17,588,576
| – | – |
|
|
TFCF
8
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.03B | 5.7% |
31,385,000
+1,085,000
| +4% | +$36.4M |
|
9
Willis Towers Watson
WTW
$31.8B
| $888M | 4.91% |
6,954,998
| – | – |
|
|
AGU
10
DELISTED
Agrium
AGU
| $830M | 4.59% |
7,963,005
-231,893
| -3% | -$24.8M |
|
11
Allison Transmission
ALSN
$11B
| $611M | 3.38% |
19,125,204
| – | – |
|
12
MSCI
MSCI
$41B
| $571M | 3.15% |
9,308,960
| – | – |
|
13
Armstrong World Industries
AWI
$7.55B
| $529M | 2.92% |
9,200,000
| – | – |
|
|
PCP
14
DELISTED
PRECISION CASTPARTS CORP
PCP
| $120M | 0.66% |
+569,185
| New | +$121M |
|
|
WCC
15
WESCO International
WCC
$17B
| $74.4M | 0.41% |
+1,064,800
| New | +$73.7M |
|
|
COL
16
DELISTED
Rockwell Collins
COL
| – | – |
-4,465,000
| Closed | -$377M |
|
Similar funds
Mason Morfit's Q1 2015 Portfolio in Review
As of Q1 2015, Mason Morfit held 16 positions worth $18.1B, up 13% from $16B the previous quarter. Its ten largest holdings account for 89% of the portfolio.
Mason Morfit deployed $908M of net new capital in Q1 2015, opening 2 new positions and adding to 4 existing holdings. Its largest new stake was PRECISION CASTPARTS CORP: 569,185 shares worth $120M.
By sector, the portfolio is most concentrated in Technology at 30% of assets, down from 36% a quarter earlier, followed by Healthcare and Energy.
On the sell side, the largest reduction was Agrium, an estimated $24.8M trimmed.
- Mason Morfit's largest Q1 2015 buy was PRECISION CASTPARTS CORP: 569,185 shares worth $120M.
- Mason Morfit added most to Halliburton in Q1 2015, an estimated $536M increase.
- Mason Morfit's biggest Q1 2015 reduction was Agrium, cutting an estimated $24.8M.
- Mason Morfit fully exited Rockwell Collins in Q1 2015, selling an estimated $377M.
- Mason Morfit's ten largest holdings make up 89% of its $18.1B portfolio in Q1 2015.
- Mason Morfit opened 2 new positions and closed 1 in Q1 2015.
- Mason Morfit's portfolio value rose 13% quarter-over-quarter to $18.1B.
Based on ValueAct Holdings's 13F filing for Q1 2015, filed 15 May 2015.