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 |
FISV
Fiserv Inc
FISV
|
+$533M |
| 2 |
Insight Enterprises
NSIT
|
+$46.6M |
| 3 |
Rackspace Technology
RXT
|
+$6.43M |
| 4 |
Lumentum
LITE
|
+$2.76M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$482M |
| 2 |
KKR & Co
KKR
|
+$199M |
| 3 |
BLD
TopBuild
BLD
|
+$94.9M |
| 4 |
CBRE Group
CBRE
|
+$92.9M |
| 5 |
SLM Corp
SLM
|
+$68.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.85% |
| 2 | Financials | 31.66% |
| 3 | Consumer Discretionary | 12.56% |
| 4 | Real Estate | 10.41% |
| 5 | Healthcare | 5.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
KKR & Co
KKR
$97.4B
| $1.46B | 16.96% |
24,055,349
-3,165,777
| -12% | -$199M |
|
2
Seagate
STX
$193B
| $1.43B | 16.61% |
17,377,070
| – | – |
|
|
FISV
3
Fiserv Inc
FISV
$28B
| $1.19B | 13.74% |
10,935,201
+4,775,001
| +78% | +$533M |
|
4
LKQ Corp
LKQ
$6.52B
| $1.08B | 12.56% |
21,550,411
| – | – |
|
|
5
Citigroup
C
$221B
| $972M | 11.25% |
13,846,107
-6,899,597
| -33% | -$482M |
|
|
6
CBRE Group
CBRE
$44B
| $899M | 10.41% |
9,232,609
-1,000,000
| -10% | -$92.9M |
|
7
Bausch Health
BHC
$2.41B
| $500M | 5.79% |
17,941,603
| – | – |
|
8
Trinity Industries
TRN
$2.37B
| $408M | 4.72% |
15,005,855
| – | – |
|
|
9
Insight Enterprises
NSIT
$4.33B
| $300M | 3.47% |
3,324,835
+481,145
| +17% | +$46.6M |
|
|
10
SLM Corp
SLM
$4.97B
| $298M | 3.45% |
16,912,667
-3,666,587
| -18% | -$68.8M |
|
|
11
Lumentum
LITE
$77.7B
| $83.5M | 0.97% |
1,000,000
+32,951
| +3% | +$2.76M |
|
|
12
Rackspace Technology
RXT
$846M
| $5.69M | 0.07% |
+400,000
| New | +$6.43M |
|
|
CBAH.WS
13
DELISTED
CBRE Acquisition Holdings, Inc. Warrants, each whole warrant exercisable for one share of Class A co
CBAH.WS
| $30K | ﹤0.01% |
18,417
| – | – |
|
|
BLD
14
DELISTED
TopBuild
BLD
| – | – |
-480,000
| Closed | -$94.9M |
|
Similar funds
Mason Morfit's Q3 2021 Portfolio in Review
As of Q3 2021, Mason Morfit held 14 positions worth $8.63B, down 4.3% from $9.02B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Mason Morfit withdrew a net $349M in Q3 2021, closing 1 position and reducing 4 holdings. Its most notable exit was TopBuild, an estimated $94.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 28% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Mason Morfit opened a new position in Rackspace Technology worth $5.69M.
- Mason Morfit's largest Q3 2021 buy was Rackspace Technology: 400,000 shares worth $5.69M.
- Mason Morfit added most to Fiserv Inc in Q3 2021, an estimated $533M increase.
- Mason Morfit's biggest Q3 2021 reduction was Citigroup, cutting an estimated $482M.
- Mason Morfit fully exited TopBuild in Q3 2021, selling an estimated $94.9M.
- Mason Morfit's ten largest holdings make up 99% of its $8.63B portfolio in Q3 2021.
- Mason Morfit opened 1 new position and closed 1 in Q3 2021.
- Mason Morfit's portfolio value fell 4.3% quarter-over-quarter to $8.63B.
Based on ValueAct Holdings's 13F filing for Q3 2021, filed 15 Nov 2021.