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 |
Insight Enterprises
NSIT
|
+$94.3M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$61M |
| 3 |
BLD
TopBuild
BLD
|
+$45.1M |
| 4 |
Outfront Media
OUT
|
+$3.26M |
| 5 |
CBAH.WS
CBRE Acquisition Holdings, Inc. Warrants, each whole warrant exercisable for one share of Class A co
CBAH.WS
|
+$27.3K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Morgan Stanley
MS
|
+$568M |
| 2 |
Seagate
STX
|
+$497M |
| 3 |
Citigroup
C
|
+$354M |
| 4 |
KKR & Co
KKR
|
+$289M |
| 5 |
Trinity Industries
TRN
|
+$115M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 41.97% |
| 2 | Technology | 23.03% |
| 3 | Consumer Discretionary | 10.65% |
| 4 | Real Estate | 9.49% |
| 5 | Industrials | 8.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Seagate
STX
$193B
| $1.77B | 20.61% |
23,011,223
-7,135,450
| -24% | -$497M |
|
|
2
Citigroup
C
$221B
| $1.58B | 18.44% |
21,723,719
-5,301,781
| -20% | -$354M |
|
|
3
KKR & Co
KKR
$97.4B
| $1.54B | 18.01% |
31,584,672
-6,465,328
| -17% | -$289M |
|
4
LKQ Corp
LKQ
$6.52B
| $912M | 10.65% |
21,547,746
| – | – |
|
5
CBRE Group
CBRE
$44B
| $809M | 9.45% |
10,229,820
| – | – |
|
|
6
Trinity Industries
TRN
$2.37B
| $658M | 7.68% |
23,105,855
-3,900,000
| -14% | -$115M |
|
7
Bausch Health
BHC
$2.41B
| $569M | 6.65% |
17,941,603
| – | – |
|
8
SLM Corp
SLM
$4.97B
| $473M | 5.51% |
26,294,254
-6,000,000
| -19% | -$91M |
|
|
9
Insight Enterprises
NSIT
$4.33B
| $105M | 1.23% |
+1,100,000
| New | +$94.3M |
|
|
FISV
10
Fiserv Inc
FISV
$28B
| $102M | 1.19% |
860,000
+531,719
| +162% | +$61M |
|
|
BLD
11
DELISTED
TopBuild
BLD
| $46.4M | 0.54% |
+221,770
| New | +$45.1M |
|
|
12
Outfront Media
OUT
$5.25B
| $3.44M | 0.04% |
+159,963
| New | +$3.26M |
|
|
CBAH.WS
13
DELISTED
CBRE Acquisition Holdings, Inc. Warrants, each whole warrant exercisable for one share of Class A co
CBAH.WS
| $17K | ﹤0.01% |
+18,417
| New | +$27.3K |
|
14
CDW
CDW
$17.2B
| – | – |
-368,116
| Closed | -$48.5M |
|
|
15
Morgan Stanley
MS
$336B
| – | – |
-8,283,722
| Closed | -$568M |
|
Similar funds
Mason Morfit's Q1 2021 Portfolio in Review
As of Q1 2021, Mason Morfit held 15 positions worth $8.57B, down 0.62% from $8.62B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Mason Morfit withdrew a net $1.76B in Q1 2021, closing 2 positions and reducing 5 holdings. Its most notable exit was Morgan Stanley, an estimated $568M position sold in full.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 48% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Mason Morfit opened a new position in Insight Enterprises worth $105M.
- Mason Morfit's largest Q1 2021 buy was Insight Enterprises: 1,100,000 shares worth $105M.
- Mason Morfit added most to Fiserv Inc in Q1 2021, an estimated $61M increase.
- Mason Morfit's biggest Q1 2021 reduction was Seagate, cutting an estimated $497M.
- Mason Morfit fully exited Morgan Stanley in Q1 2021, selling an estimated $568M.
- Mason Morfit's ten largest holdings make up 99% of its $8.57B portfolio in Q1 2021.
- Mason Morfit opened 4 new positions and closed 2 in Q1 2021.
- Mason Morfit's portfolio value fell 0.62% quarter-over-quarter to $8.57B.
Based on ValueAct Holdings's 13F filing for Q1 2021, filed 17 May 2021.