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 |
TW
TOWERS WATSON & CO COM STK CL A (DE)
TW
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$981M |
| 2 |
American Express
AXP
|
+$838M |
| 3 |
Halliburton
HAL
|
+$779M |
| 4 |
MSCI
MSCI
|
+$199M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.19% |
| 2 | Energy | 11.32% |
| 3 | Healthcare | 10.55% |
| 4 | Financials | 9.35% |
| 5 | Communication Services | 8.92% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Microsoft
MSFT
$3.59T
| $3.14B | 21.75% |
56,623,770
-18,649,321
| -25% | -$981M |
|
2
Bausch Health
BHC
$2.41B
| $1.52B | 10.55% |
14,994,261
| – | – |
|
3
Adobe
ADBE
$109B
| $1.32B | 9.11% |
14,010,739
| – | – |
|
|
TFCF
4
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.29B | 8.92% |
47,326,334
| – | – |
|
5
Motorola Solutions
MSI
$79.5B
| $1.2B | 8.33% |
17,588,576
| – | – |
|
6
CBRE Group
CBRE
$44B
| $1.08B | 7.5% |
31,327,405
| – | – |
|
|
BHI
7
DELISTED
Baker Hughes
BHI
| $1.07B | 7.43% |
23,246,700
| – | – |
|
8
Willis Towers Watson
WTW
$31.8B
| $895M | 6.19% |
6,954,998
| – | – |
|
|
AGU
9
DELISTED
Agrium
AGU
| $894M | 6.19% |
10,003,451
| – | – |
|
|
10
Halliburton
HAL
$29.4B
| $562M | 3.89% |
16,504,295
-20,645,265
| -56% | -$779M |
|
11
Allison Transmission
ALSN
$11B
| $495M | 3.43% |
19,125,204
| – | – |
|
|
12
MSCI
MSCI
$41B
| $456M | 3.16% |
6,327,311
-2,982,000
| -32% | -$199M |
|
13
Armstrong World Industries
AWI
$7.55B
| $421M | 2.91% |
9,200,000
| – | – |
|
|
TW
14
DELISTED
TOWERS WATSON & CO COM STK CL A (DE)
TW
| $93.1M | 0.64% |
725,000
+395,000
| +120% | +$50.5M |
|
|
15
American Express
AXP
$227B
| – | – |
-11,300,000
| Closed | -$838M |
|
Similar funds
Mason Morfit's Q4 2015 Portfolio in Review
As of Q4 2015, Mason Morfit held 15 positions worth $14.4B, down 16% from $17.2B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
Mason Morfit withdrew a net $2.75B in Q4 2015, closing 1 position and reducing 3 holdings. Its most notable exit was American Express, an estimated $838M position sold in full.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Energy and Healthcare.
Against the trend, Mason Morfit added an estimated $50.5M to TOWERS WATSON & CO COM STK CL A (DE).
- Mason Morfit added most to TOWERS WATSON & CO COM STK CL A (DE) in Q4 2015, an estimated $50.5M increase.
- Mason Morfit's biggest Q4 2015 reduction was Microsoft, cutting an estimated $981M.
- Mason Morfit fully exited American Express in Q4 2015, selling an estimated $838M.
- Mason Morfit's ten largest holdings make up 90% of its $14.4B portfolio in Q4 2015.
- Mason Morfit opened 0 new positions and closed 1 in Q4 2015.
- Mason Morfit's portfolio value fell 16% quarter-over-quarter to $14.4B.
Based on ValueAct Holdings's 13F filing for Q4 2015, filed 16 Feb 2016.