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
|
+$217M |
| 2 |
AMPS
Altus Power
AMPS
|
+$40.5M |
| 3 |
AMPS.WS
Altus Power Warrants
AMPS.WS
|
+$44.9K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Trinity Industries
TRN
|
+$318M |
| 2 |
LKQ Corp
LKQ
|
+$226M |
| 3 |
Seagate
STX
|
+$184M |
| 4 |
KKR & Co
KKR
|
+$148M |
| 5 |
Lumentum
LITE
|
+$83.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 38.98% |
| 2 | Financials | 31.19% |
| 3 | Consumer Discretionary | 11.88% |
| 4 | Real Estate | 11.3% |
| 5 | Healthcare | 4.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Seagate
STX
$193B
| $1.75B | 19.73% |
15,487,070
-1,890,000
| -11% | -$184M |
|
|
2
KKR & Co
KKR
$97.4B
| $1.64B | 18.53% |
22,055,349
-2,000,000
| -8% | -$148M |
|
|
FISV
3
Fiserv Inc
FISV
$28B
| $1.35B | 15.25% |
13,035,201
+2,100,000
| +19% | +$217M |
|
|
4
LKQ Corp
LKQ
$6.52B
| $1.05B | 11.88% |
17,550,411
-4,000,000
| -19% | -$226M |
|
5
CBRE Group
CBRE
$44B
| $1B | 11.3% |
9,232,609
| – | – |
|
6
Citigroup
C
$221B
| $836M | 9.43% |
13,846,107
| – | – |
|
7
Bausch Health
BHC
$2.41B
| $431M | 4.86% |
15,616,761
-2,324,842
| -13% | -$62.2M |
|
8
Insight Enterprises
NSIT
$4.33B
| $354M | 4% |
3,324,835
| – | – |
|
9
SLM Corp
SLM
$4.97B
| $287M | 3.24% |
14,601,031
-2,311,636
| -14% | -$42.3M |
|
|
10
Trinity Industries
TRN
$2.37B
| $117M | 1.32% |
3,870,847
-11,135,008
| -74% | -$318M |
|
|
AMPS
11
DELISTED
Altus Power
AMPS
| $41.8M | 0.47% |
+4,000,000
| New | +$40.5M |
|
|
AMPS.WS
12
DELISTED
Altus Power Warrants
AMPS.WS
| $47K | ﹤0.01% |
+18,417
| New | +$44.9K |
|
|
13
Lumentum
LITE
$77.7B
| – | – |
-1,000,000
| Closed | -$83.5M |
|
14
Rackspace Technology
RXT
$846M
| – | – |
-400,000
| Closed | -$5.69M |
|
|
CBAH.WS
15
DELISTED
CBRE Acquisition Holdings, Inc. Warrants, each whole warrant exercisable for one share of Class A co
CBAH.WS
| – | – |
-18,417
| Closed | -$30K |
|
Similar funds
Mason Morfit's Q4 2021 Portfolio in Review
As of Q4 2021, Mason Morfit held 15 positions worth $8.87B, up 2.7% from $8.63B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Mason Morfit withdrew a net $811M in Q4 2021, closing 3 positions and reducing 6 holdings. Its most notable exit was Lumentum, an estimated $83.5M position sold in full.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 35% a quarter earlier, followed by Financials and Consumer Discretionary.
Against the trend, Mason Morfit opened a new position in Altus Power worth $41.8M.
- Mason Morfit's largest Q4 2021 buy was Altus Power: 4,000,000 shares worth $41.8M.
- Mason Morfit added most to Fiserv Inc in Q4 2021, an estimated $217M increase.
- Mason Morfit's biggest Q4 2021 reduction was Trinity Industries, cutting an estimated $318M.
- Mason Morfit fully exited Lumentum in Q4 2021, selling an estimated $83.5M.
- Mason Morfit's ten largest holdings make up 100% of its $8.87B portfolio in Q4 2021.
- Mason Morfit opened 2 new positions and closed 3 in Q4 2021.
- Mason Morfit's portfolio value rose 2.7% quarter-over-quarter to $8.87B.
Based on ValueAct Holdings's 13F filing for Q4 2021, filed 14 Feb 2022.