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VH
ValueAct Holdings Portfolio holdings
AUM
$5.71B
1-Year Est. Return
7.41%
This Fund
S&P 500
This Quarter
Est. Return
+6.43%
1 Year Est. Return
+7.41%
3 Year Est. Return
+81.25%
5 Year Est. Return
+105.21%
10 Year Est. Return
+676.04%
AUM
$11.9B
AUM Growth
-$232M
(-1.9%)
Cap. Flow
-$880M
Cap. Flow
% of AUM
-7.37%
Top 10 Holdings %
Top 10 Hldgs %
93.43%
Holding
15
New
1
Increased
4
Reduced
2
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BIVV
Bioverativ Inc. Common Stock
BIVV
|
+$418M |
| 2 |
BHI
Baker Hughes
BHI
|
+$244M |
| 3 |
Bread Financial
BFH
|
+$150M |
| 4 |
Bausch Health
BHC
|
+$41.3M |
| 5 |
NETSCOUT
NTCT
|
+$23.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$1B |
| 2 |
Morgan Stanley
MS
|
+$400M |
| 3 |
Allison Transmission
ALSN
|
+$355M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 27.55% |
| 2 | Technology | 17.09% |
| 3 | Energy | 15.73% |
| 4 | Communication Services | 14.19% |
| 5 | Real Estate | 12.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BHI
1
DELISTED
Baker Hughes
BHI
| $1.88B | 15.73% |
31,407,820
+4,000,000
| +15% | +$244M |
|
|
TFCF
2
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.69B | 14.19% |
53,326,334
| – | – |
|
|
3
Microsoft
MSFT
$2.93T
| $1.52B | 12.69% |
23,012,089
-15,614,408
| -40% | -$1B |
|
|
4
Bread Financial
BFH
$4.01B
| $1.46B | 12.25% |
7,364,382
+790,517
| +12% | +$150M |
|
5
CBRE Group
CBRE
$41.3B
| $1.46B | 12.2% |
41,873,250
| – | – |
|
6
Willis Towers Watson
WTW
$27.7B
| $1.06B | 8.88% |
8,108,015
| – | – |
|
|
7
Morgan Stanley
MS
$339B
| $766M | 6.41% |
17,884,620
-9,016,380
| -34% | -$400M |
|
|
BIVV
8
DELISTED
Bioverativ Inc. Common Stock
BIVV
| $462M | 3.87% |
+8,476,892
| New | +$418M |
|
9
Seagate
STX
$178B
| $438M | 3.67% |
9,539,490
| – | – |
|
10
Armstrong World Industries
AWI
$6.66B
| $424M | 3.55% |
9,200,000
| – | – |
|
11
Trinity Industries
TRN
$2.9B
| $414M | 3.46% |
21,644,238
| – | – |
|
|
12
Bausch Health
BHC
$1.8B
| $199M | 1.66% |
17,997,224
+3,002,963
| +20% | +$41.3M |
|
|
13
NETSCOUT
NTCT
$2.95B
| $87.3M | 0.73% |
2,300,000
+655,000
| +40% | +$23.1M |
|
|
AFI
14
DELISTED
Armstrong Flooring, Inc.
AFI
| $84.7M | 0.71% |
4,600,000
| – | – |
|
|
15
Allison Transmission
ALSN
$9.42B
| – | – |
-10,525,204
| Closed | -$355M |
|
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ValueAct Holdings's Q1 2017 Portfolio in Review
As of Q1 2017, ValueAct Holdings held 15 positions worth $11.9B, down 1.9% from $12.2B the previous quarter. Its ten largest holdings account for 93% of the portfolio.
ValueAct Holdings withdrew a net $880M in Q1 2017, closing 1 position and reducing 2 holdings. Its most notable exit was Allison Transmission, an estimated $355M position sold in full.
By sector, the portfolio is most concentrated in Financials at 28% of assets, up from 27% a quarter earlier, followed by Technology and Energy.
Against the trend, ValueAct Holdings opened a new position in Bioverativ Inc. Common Stock worth $462M.
- ValueAct Holdings's largest Q1 2017 buy was Bioverativ Inc. Common Stock: 8,476,892 shares worth $462M.
- ValueAct Holdings added most to Baker Hughes in Q1 2017, an estimated $244M increase.
- ValueAct Holdings's biggest Q1 2017 reduction was Microsoft, cutting an estimated $1B.
- ValueAct Holdings fully exited Allison Transmission in Q1 2017, selling an estimated $355M.
- ValueAct Holdings's ten largest holdings make up 93% of its $11.9B portfolio in Q1 2017.
- ValueAct Holdings opened 1 new position and closed 1 in Q1 2017.
- ValueAct Holdings's portfolio value fell 1.9% quarter-over-quarter to $11.9B.
Based on ValueAct Holdings's 13F filing for Q1 2017, filed 15 May 2017.