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
|
+$618M |
| 2 |
SLM Corp
SLM
|
+$350M |
| 3 |
Seagate
STX
|
+$54.7M |
| 4 |
Bread Financial
BFH
|
+$43.9M |
| 5 |
Morgan Stanley
MS
|
+$39.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$966M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 51.2% |
| 2 | Communication Services | 12.77% |
| 3 | Technology | 11.45% |
| 4 | Industrials | 10.74% |
| 5 | Real Estate | 8.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Citigroup
C
$221B
| $1.68B | 15.25% |
25,175,500
+8,975,500
| +55% | +$618M |
|
|
2
Bread Financial
BFH
$4.07B
| $1.42B | 12.84% |
7,621,555
+257,173
| +3% | +$43.9M |
|
|
TFCF
3
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.41B | 12.77% |
28,626,334
-24,700,000
| -46% | -$966M |
|
|
4
Seagate
STX
$193B
| $1.27B | 11.45% |
22,404,700
+946,100
| +4% | +$54.7M |
|
5
KKR & Co
KKR
$97.4B
| $1.24B | 11.18% |
49,700,000
| – | – |
|
6
CBRE Group
CBRE
$44B
| $951M | 8.61% |
19,916,923
| – | – |
|
|
7
Morgan Stanley
MS
$336B
| $887M | 8.03% |
18,709,620
+750,000
| +4% | +$39.2M |
|
8
Trinity Industries
TRN
$2.37B
| $733M | 6.64% |
29,735,561
| – | – |
|
9
Armstrong World Industries
AWI
$7.55B
| $433M | 3.92% |
6,852,612
| – | – |
|
|
10
SLM Corp
SLM
$4.97B
| $431M | 3.9% |
37,605,408
+30,205,408
| +408% | +$350M |
|
11
Bausch Health
BHC
$2.41B
| $419M | 3.79% |
18,033,149
+21,612
| +0.1% | +$447K |
|
|
AFI
12
DELISTED
Armstrong Flooring, Inc.
AFI
| $64.8M | 0.59% |
4,614,787
+5,716
| +0.1% | +$77.2K |
|
13
UNIFI
UFI
$149M
| $29.3M | 0.27% |
+925,000
| New | +$30.5M |
|
14
Lindblad Expeditions
LIND
$2.04B
| $22.4M | 0.2% |
+1,691,300
| New | +$20.1M |
|
15
Strategic Education
STRA
$1.85B
| $21.9M | 0.2% |
+193,457
| New | +$20.7M |
|
16
AES
AES
$10.5B
| $20.5M | 0.19% |
+1,529,500
| New | +$18.8M |
|
|
EVA
17
DELISTED
Enviva Inc.
EVA
| $19.9M | 0.18% |
+685,453
| New | +$19.8M |
|
Similar funds
Mason Morfit's Q2 2018 Portfolio in Review
As of Q2 2018, Mason Morfit held 17 positions worth $11B, up 11% from $9.97B the previous quarter. Its ten largest holdings account for 95% of the portfolio.
Mason Morfit's Q2 2018 filing shows 5 new, 7 increased and 1 reduced positions. Its largest new stake was UNIFI: 925,000 shares worth $29.3M. The largest sale was Twenty-First Century Fox, Inc. Class B, an estimated $966M.
By sector, the portfolio is most concentrated in Financials at 51% of assets, up from 44% a quarter earlier, followed by Communication Services and Technology.
- Mason Morfit's largest Q2 2018 buy was UNIFI: 925,000 shares worth $29.3M.
- Mason Morfit added most to Citigroup in Q2 2018, an estimated $618M increase.
- Mason Morfit's biggest Q2 2018 reduction was Twenty-First Century Fox, Inc. Class B, cutting an estimated $966M.
- Mason Morfit's ten largest holdings make up 95% of its $11B portfolio in Q2 2018.
- Mason Morfit opened 5 new positions and closed 0 in Q2 2018.
- Mason Morfit's portfolio value rose 11% quarter-over-quarter to $11B.
Based on ValueAct Holdings's 13F filing for Q2 2018, filed 14 Aug 2018.