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 |
Salesforce
CRM
|
+$81.7M |
| 2 |
New York Times
NYT
|
+$66.2M |
| 3 |
AMPS
Altus Power
AMPS
|
+$144K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Citigroup
C
|
+$458M |
| 2 |
LKQ Corp
LKQ
|
+$344M |
| 3 |
BLD
TopBuild
BLD
|
+$255M |
| 4 |
KKR & Co
KKR
|
+$134M |
| 5 |
Rocket Companies
RKT
|
+$8.19M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 50.96% |
| 2 | Financials | 20.73% |
| 3 | Real Estate | 13.39% |
| 4 | Communication Services | 8.34% |
| 5 | Consumer Discretionary | 6.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
FISV
1
Fiserv Inc
FISV
$28B
| $1.48B | 27.89% |
14,647,776
| – | – |
|
|
2
KKR & Co
KKR
$97.4B
| $1.1B | 20.73% |
23,702,511
-2,754,052
| -10% | -$134M |
|
3
CBRE Group
CBRE
$44B
| $711M | 13.39% |
9,234,964
| – | – |
|
4
Seagate
STX
$193B
| $707M | 13.32% |
13,437,070
| – | – |
|
5
Insight Enterprises
NSIT
$4.33B
| $443M | 8.35% |
4,421,951
| – | – |
|
|
6
New York Times
NYT
$10.6B
| $443M | 8.34% |
13,646,112
+2,031,371
| +17% | +$66.2M |
|
|
7
LKQ Corp
LKQ
$6.52B
| $323M | 6.09% |
6,052,751
-6,500,000
| -52% | -$344M |
|
|
8
Salesforce
CRM
$171B
| $74.3M | 1.4% |
+560,221
| New | +$81.7M |
|
|
AMPS
9
DELISTED
Altus Power
AMPS
| $26.2M | 0.49% |
4,017,608
+17,588
| +0.4% | +$144K |
|
|
BLD
10
DELISTED
TopBuild
BLD
| – | – |
-1,546,253
| Closed | -$255M |
|
|
11
Citigroup
C
$221B
| – | – |
-10,992,637
| Closed | -$458M |
|
|
12
Rocket Companies
RKT
$39.4B
| – | – |
-1,296,027
| Closed | -$8.19M |
|
|
AMPS.WS
13
DELISTED
Altus Power Warrants
AMPS.WS
| – | – |
-18,417
| Closed | -$56K |
|
Similar funds
Mason Morfit's Q4 2022 Portfolio in Review
As of Q4 2022, Mason Morfit held 13 positions worth $5.31B, down 10% from $5.9B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Mason Morfit withdrew a net $1.05B in Q4 2022, closing 4 positions and reducing 2 holdings. Its most notable exit was Citigroup, an estimated $458M position sold in full.
By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 42% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Mason Morfit opened a new position in Salesforce worth $74.3M.
- Mason Morfit's largest Q4 2022 buy was Salesforce: 560,221 shares worth $74.3M.
- Mason Morfit added most to New York Times in Q4 2022, an estimated $66.2M increase.
- Mason Morfit's biggest Q4 2022 reduction was LKQ Corp, cutting an estimated $344M.
- Mason Morfit fully exited Citigroup in Q4 2022, selling an estimated $458M.
- Mason Morfit's ten largest holdings make up 100% of its $5.31B portfolio in Q4 2022.
- Mason Morfit opened 1 new position and closed 4 in Q4 2022.
- Mason Morfit's portfolio value fell 10% quarter-over-quarter to $5.31B.
Based on ValueAct Holdings's 13F filing for Q4 2022, filed 14 Feb 2023.