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 |
Expedia Group
EXPE
|
+$521M |
| 2 |
Walt Disney
DIS
|
+$448M |
| 3 |
Paycom
PAYC
|
+$129M |
| 4 |
Danaher
DHR
|
+$14.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seagate
STX
|
+$554M |
| 2 |
FISV
Fiserv Inc
FISV
|
+$412M |
| 3 |
KKR & Co
KKR
|
+$370M |
| 4 |
New York Times
NYT
|
+$161M |
| 5 |
Spotify
SPOT
|
+$39.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 48.47% |
| 2 | Communication Services | 18.26% |
| 3 | Consumer Discretionary | 12.92% |
| 4 | Financials | 9.87% |
| 5 | Real Estate | 8.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Salesforce
CRM
$171B
| $917M | 18.36% |
3,486,309
| – | – |
|
2
Insight Enterprises
NSIT
$4.33B
| $799M | 16% |
4,511,630
| – | – |
|
|
3
Expedia Group
EXPE
$38.6B
| $645M | 12.92% |
+4,251,568
| New | +$521M |
|
|
FISV
4
Fiserv Inc
FISV
$28B
| $556M | 11.14% |
4,188,841
-3,360,000
| -45% | -$412M |
|
|
5
KKR & Co
KKR
$97.4B
| $493M | 9.87% |
5,954,108
-5,466,800
| -48% | -$370M |
|
|
6
Walt Disney
DIS
$186B
| $459M | 9.19% |
+5,086,331
| New | +$448M |
|
7
CBRE Group
CBRE
$44B
| $432M | 8.64% |
4,637,748
| – | – |
|
|
8
Spotify
SPOT
$110B
| $193M | 3.86% |
1,027,553
-226,300
| -18% | -$39.5M |
|
|
9
New York Times
NYT
$10.6B
| $178M | 3.56% |
3,626,732
-3,657,864
| -50% | -$161M |
|
|
10
Paycom
PAYC
$10.3B
| $126M | 2.52% |
+608,000
| New | +$129M |
|
11
Roblox
RBLX
$27.4B
| $82.3M | 1.65% |
1,800,000
| – | – |
|
|
12
Danaher
DHR
$154B
| $46.3M | 0.93% |
200,000
+66,896
| +50% | +$14.2M |
|
13
Illumina
ILMN
$33.1B
| $45.7M | 0.91% |
337,230
-196,929
| -37% | -$22.7M |
|
|
14
Seagate
STX
$193B
| $22.4M | 0.45% |
262,348
-7,424,722
| -97% | -$554M |
|
15
Alarm.com
ALRM
$2.82B
| – | – |
-585,400
| Closed | -$35.8M |
|
Similar funds
Mason Morfit's Q4 2023 Portfolio in Review
As of Q4 2023, Mason Morfit held 15 positions worth $5B, up 12% from $4.45B the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Mason Morfit withdrew a net $484M in Q4 2023, closing 1 position and reducing 6 holdings. Its most notable exit was Alarm.com, an estimated $35.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 48% of assets, down from 62% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Mason Morfit opened a new position in Expedia Group worth $645M.
- Mason Morfit's largest Q4 2023 buy was Expedia Group: 4,251,568 shares worth $645M.
- Mason Morfit added most to Danaher in Q4 2023, an estimated $14.2M increase.
- Mason Morfit's biggest Q4 2023 reduction was Seagate, cutting an estimated $554M.
- Mason Morfit fully exited Alarm.com in Q4 2023, selling an estimated $35.8M.
- Mason Morfit's ten largest holdings make up 96% of its $5B portfolio in Q4 2023.
- Mason Morfit opened 3 new positions and closed 1 in Q4 2023.
- Mason Morfit's portfolio value rose 12% quarter-over-quarter to $5B.
Based on ValueAct Holdings's 13F filing for Q4 2023, filed 14 Feb 2024.