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 |
NKLA
Nikola Corporation Common Stock
NKLA
|
+$375M |
| 2 |
EVA
Enviva Inc.
EVA
|
+$76.7M |
| 3 |
AES
AES
|
+$13.1M |
| 4 |
CBRE Group
CBRE
|
+$182K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSG
The Stars Group Inc.
TSG
|
+$278M |
| 2 |
Outfront Media
OUT
|
+$46.2M |
| 3 |
Comcast
CMCSA
|
+$11.3M |
| 4 |
Strategic Education
STRA
|
+$9.14M |
| 5 |
BP
BP
|
+$4.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.19% |
| 2 | Technology | 18.18% |
| 3 | Consumer Discretionary | 16.13% |
| 4 | Industrials | 9.7% |
| 5 | Real Estate | 5.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Seagate
STX
$193B
| $1.53B | 17.49% |
31,554,360
| – | – |
|
2
KKR & Co
KKR
$97.4B
| $1.39B | 15.91% |
45,000,000
| – | – |
|
3
Citigroup
C
$221B
| $1.38B | 15.81% |
27,025,500
| – | – |
|
|
NKLA
4
DELISTED
Nikola Corporation Common Stock
NKLA
| $788M | 9.03% |
+389,181
| New | +$375M |
|
5
Morgan Stanley
MS
$336B
| $688M | 7.88% |
14,250,000
| – | – |
|
6
Trinity Industries
TRN
$2.37B
| $575M | 6.58% |
27,005,855
| – | – |
|
7
LKQ Corp
LKQ
$6.52B
| $565M | 6.46% |
21,547,746
| – | – |
|
|
8
CBRE Group
CBRE
$44B
| $463M | 5.3% |
10,229,820
+4,228
| +0% | +$182K |
|
9
Bausch Health
BHC
$2.41B
| $328M | 3.75% |
17,931,594
| – | – |
|
10
SLM Corp
SLM
$4.97B
| $227M | 2.6% |
32,294,254
| – | – |
|
|
EVA
11
DELISTED
Enviva Inc.
EVA
| $174M | 1.99% |
4,834,867
+2,307,692
| +91% | +$76.7M |
|
12
Hawaiian Electric Industries
HE
$1.99B
| $117M | 1.34% |
3,246,668
| – | – |
|
13
A.O. Smith
AOS
$8.57B
| $98.6M | 1.13% |
2,092,510
| – | – |
|
|
14
Strategic Education
STRA
$1.85B
| $90.9M | 1.04% |
591,375
-58,625
| -9% | -$9.14M |
|
|
15
AES
AES
$10.5B
| $77.5M | 0.89% |
5,346,500
+1,000,000
| +23% | +$13.1M |
|
16
Darling Ingredients
DAR
$10.4B
| $65M | 0.74% |
2,640,000
| – | – |
|
17
Verra Mobility
VRRM
$693M
| $60.7M | 0.69% |
5,905,000
| – | – |
|
|
18
BP
BP
$115B
| $60M | 0.69% |
2,572,000
-200,000
| -7% | -$4.8M |
|
19
Lindblad Expeditions
LIND
$2.04B
| $38M | 0.44% |
4,923,247
| – | – |
|
20
UNIFI
UFI
$149M
| $18.3M | 0.21% |
1,417,054
| – | – |
|
|
AFI
21
DELISTED
Armstrong Flooring, Inc.
AFI
| $3.66M | 0.04% |
1,222,756
| – | – |
|
|
22
Comcast
CMCSA
$95.3B
| – | – |
-328,000
| Closed | -$11.3M |
|
|
23
Outfront Media
OUT
$5.25B
| – | – |
-3,481,951
| Closed | -$46.2M |
|
|
HDS
24
DELISTED
HD Supply Holdings, Inc.
HDS
| – | – |
-25,000
| Closed | -$711K |
|
|
TSG
25
DELISTED
The Stars Group Inc.
TSG
| – | – |
-13,630,000
| Closed | -$278M |
|
Similar funds
Mason Morfit's Q2 2020 Portfolio in Review
As of Q2 2020, Mason Morfit held 25 positions worth $8.74B, up 25% from $6.96B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
Mason Morfit's Q2 2020 filing shows 1 new, 3 increased, 2 reduced and 4 closed positions. Its largest new stake was Nikola Corporation Common Stock: 389,181 shares worth $788M. The largest sale was The Stars Group Inc., an estimated $278M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, up from 42% a quarter earlier, followed by Technology and Consumer Discretionary.
- Mason Morfit's largest Q2 2020 buy was Nikola Corporation Common Stock: 389,181 shares worth $788M.
- Mason Morfit added most to Enviva Inc. in Q2 2020, an estimated $76.7M increase.
- Mason Morfit's biggest Q2 2020 reduction was Strategic Education, cutting an estimated $9.14M.
- Mason Morfit fully exited The Stars Group Inc. in Q2 2020, selling an estimated $278M.
- Mason Morfit's ten largest holdings make up 91% of its $8.74B portfolio in Q2 2020.
- Mason Morfit opened 1 new position and closed 4 in Q2 2020.
- Mason Morfit's portfolio value rose 25% quarter-over-quarter to $8.74B.
Based on ValueAct Holdings's 13F filing for Q2 2020, filed 14 Aug 2020.