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 |
Citigroup
C
|
+$1.13B |
| 2 |
Trinity Industries
TRN
|
+$95.8M |
| 3 |
SLM Corp
SLM
|
+$83.1M |
| 4 |
KKR & Co
KKR
|
+$43.3M |
| 5 |
Bausch Health
BHC
|
+$28.1K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$771M |
| 2 |
CBRE Group
CBRE
|
+$228M |
| 3 |
Armstrong World Industries
AWI
|
+$142M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$89.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.17% |
| 2 | Communication Services | 19.44% |
| 3 | Technology | 12.59% |
| 4 | Industrials | 10.87% |
| 5 | Real Estate | 9.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCF
1
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.94B | 19.44% |
53,326,334
| – | – |
|
2
Seagate
STX
$193B
| $1.26B | 12.59% |
21,458,600
| – | – |
|
3
Bread Financial
BFH
$4.07B
| $1.25B | 12.54% |
7,364,382
| – | – |
|
|
4
Citigroup
C
$221B
| $1.09B | 10.96% |
16,200,000
+15,100,000
| +1,373% | +$1.13B |
|
|
5
KKR & Co
KKR
$97.4B
| $1.01B | 10.11% |
49,700,000
+1,950,000
| +4% | +$43.3M |
|
6
Morgan Stanley
MS
$336B
| $969M | 9.72% |
17,959,620
| – | – |
|
|
7
CBRE Group
CBRE
$44B
| $940M | 9.43% |
19,916,923
-5,000,000
| -20% | -$228M |
|
|
8
Trinity Industries
TRN
$2.37B
| $699M | 7% |
29,735,561
+3,889,949
| +15% | +$95.8M |
|
|
9
Armstrong World Industries
AWI
$7.55B
| $386M | 3.87% |
6,852,612
-2,350,000
| -26% | -$142M |
|
|
10
Bausch Health
BHC
$2.41B
| $287M | 2.87% |
18,011,537
+1,510
| +0% | +$28.1K |
|
|
11
SLM Corp
SLM
$4.97B
| $83M | 0.83% |
+7,400,000
| New | +$83.1M |
|
|
AFI
12
DELISTED
Armstrong Flooring, Inc.
AFI
| $62.5M | 0.63% |
4,609,071
| – | – |
|
|
13
Microsoft
MSFT
$3.59T
| – | – |
-9,014,063
| Closed | -$771M |
|
|
ESRX
14
DELISTED
Express Scripts Holding Company
ESRX
| – | – |
-1,200,000
| Closed | -$89.6M |
|
Similar funds
Mason Morfit's Q1 2018 Portfolio in Review
As of Q1 2018, Mason Morfit held 14 positions worth $9.97B, up 0.93% from $9.88B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Mason Morfit's Q1 2018 filing shows 1 new, 4 increased, 2 reduced and 2 closed positions. Its largest new stake was SLM Corp: 7,400,000 shares worth $83M. The largest sale was Microsoft, an estimated $771M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 36% a quarter earlier, followed by Communication Services and Technology.
- Mason Morfit's largest Q1 2018 buy was SLM Corp: 7,400,000 shares worth $83M.
- Mason Morfit added most to Citigroup in Q1 2018, an estimated $1.13B increase.
- Mason Morfit's biggest Q1 2018 reduction was CBRE Group, cutting an estimated $228M.
- Mason Morfit fully exited Microsoft in Q1 2018, selling an estimated $771M.
- Mason Morfit's ten largest holdings make up 99% of its $9.97B portfolio in Q1 2018.
- Mason Morfit opened 1 new position and closed 2 in Q1 2018.
- Mason Morfit's portfolio value rose 0.93% quarter-over-quarter to $9.97B.
Based on ValueAct Holdings's 13F filing for Q1 2018, filed 15 May 2018.