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 |
CBRE Group
CBRE
|
+$210M |
| 2 |
Trinity Industries
TRN
|
+$80.9M |
| 3 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$80.4M |
| 4 |
Bread Financial
BFH
|
+$53.7M |
| 5 |
NETSCOUT
NTCT
|
+$50.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Morgan Stanley
MS
|
+$567M |
| 2 |
Allison Transmission
ALSN
|
+$268M |
| 3 |
BHI
Baker Hughes
BHI
|
+$147M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.32% |
| 2 | Technology | 23.13% |
| 3 | Energy | 14.62% |
| 4 | Communication Services | 11.93% |
| 5 | Real Estate | 10.83% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.59T
| $2.4B | 19.71% |
38,626,497
+1,819
| +0% | +$109K |
|
|
BHI
2
DELISTED
Baker Hughes
BHI
| $1.78B | 14.62% |
27,407,820
-2,478,380
| -8% | -$147M |
|
|
TFCF
3
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.45B | 11.93% |
53,326,334
+3,000,000
| +6% | +$80.4M |
|
|
4
CBRE Group
CBRE
$44B
| $1.32B | 10.83% |
41,873,250
+7,253,196
| +21% | +$210M |
|
|
5
Bread Financial
BFH
$4.07B
| $1.2B | 9.85% |
6,573,865
+308,865
| +5% | +$53.7M |
|
|
6
Morgan Stanley
MS
$336B
| $1.14B | 9.33% |
26,901,000
-14,999,000
| -36% | -$567M |
|
7
Willis Towers Watson
WTW
$31.8B
| $991M | 8.14% |
8,108,015
| – | – |
|
|
8
Trinity Industries
TRN
$2.37B
| $433M | 3.55% |
21,644,238
+4,391,469
| +25% | +$80.9M |
|
9
Armstrong World Industries
AWI
$7.55B
| $385M | 3.16% |
9,200,000
| – | – |
|
10
Seagate
STX
$193B
| $364M | 2.99% |
9,539,490
| – | – |
|
|
11
Allison Transmission
ALSN
$11B
| $355M | 2.91% |
10,525,204
-8,600,000
| -45% | -$268M |
|
12
Bausch Health
BHC
$2.41B
| $218M | 1.79% |
14,994,261
| – | – |
|
|
AFI
13
DELISTED
Armstrong Flooring, Inc.
AFI
| $91.6M | 0.75% |
4,600,000
| – | – |
|
|
14
NETSCOUT
NTCT
$2.8B
| $51.8M | 0.43% |
+1,645,000
| New | +$50.5M |
|
Similar funds
Mason Morfit's Q4 2016 Portfolio in Review
As of Q4 2016, Mason Morfit held 14 positions worth $12.2B, up 6% from $11.5B the previous quarter. Its ten largest holdings account for 94% of the portfolio.
Mason Morfit withdrew a net $506M in Q4 2016, reducing 3 holdings. Its largest reduction was Morgan Stanley, cutting an estimated $567M.
By sector, the portfolio is most concentrated in Financials at 27% of assets, down from 30% a quarter earlier, followed by Technology and Energy.
Against the trend, Mason Morfit opened a new position in NETSCOUT worth $51.8M.
- Mason Morfit's largest Q4 2016 buy was NETSCOUT: 1,645,000 shares worth $51.8M.
- Mason Morfit added most to CBRE Group in Q4 2016, an estimated $210M increase.
- Mason Morfit's biggest Q4 2016 reduction was Morgan Stanley, cutting an estimated $567M.
- Mason Morfit's ten largest holdings make up 94% of its $12.2B portfolio in Q4 2016.
- Mason Morfit opened 1 new position and closed 0 in Q4 2016.
- Mason Morfit's portfolio value rose 6% quarter-over-quarter to $12.2B.
Based on ValueAct Holdings's 13F filing for Q4 2016, filed 14 Feb 2017.