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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
-0.48%
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
$9.98B
AUM Growth
-$1.22B
(-11%)
Cap. Flow
-$1.18B
Cap. Flow
% of AUM
-11.84%
Top 10 Holdings %
Top 10 Hldgs %
91.35%
Holding
16
New
1
Increased
5
Reduced
4
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Baker Hughes
BKR
|
+$1.11B |
| 2 |
KKR & Co
KKR
|
+$769M |
| 3 |
Seagate
STX
|
+$260M |
| 4 |
Trinity Industries
TRN
|
+$48M |
| 5 |
Bausch Health
BHC
|
+$194K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BHI
Baker Hughes
BHI
|
+$1.71B |
| 2 |
Willis Towers Watson
WTW
|
+$542M |
| 3 |
Microsoft
MSFT
|
+$511M |
| 4 |
BIVV
Bioverativ Inc. Common Stock
BIVV
|
+$345M |
| 5 |
CBRE Group
CBRE
|
+$202M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.58% |
| 2 | Technology | 13.86% |
| 3 | Communication Services | 13.78% |
| 4 | Energy | 11.53% |
| 5 | Real Estate | 10.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TFCF
1
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $1.38B | 13.78% |
53,326,334
| – | – |
|
2
Bread Financial
BFH
$4.01B
| $1.3B | 13.05% |
7,364,382
| – | – |
|
|
3
Baker Hughes
BKR
$55.5B
| $1.15B | 11.53% |
+31,407,820
| New | +$1.11B |
|
|
4
CBRE Group
CBRE
$41.3B
| $1.09B | 10.96% |
28,878,480
-5,500,000
| -16% | -$202M |
|
|
5
KKR & Co
KKR
$90.6B
| $926M | 9.28% |
45,555,916
+40,555,916
| +811% | +$769M |
|
6
Morgan Stanley
MS
$339B
| $862M | 8.63% |
17,884,620
| – | – |
|
|
7
Seagate
STX
$178B
| $712M | 7.13% |
21,458,600
+7,642,835
| +55% | +$260M |
|
|
8
Microsoft
MSFT
$2.93T
| $671M | 6.73% |
9,013,474
-6,999,325
| -44% | -$511M |
|
|
9
Trinity Industries
TRN
$2.9B
| $550M | 5.52% |
23,967,355
+2,323,117
| +11% | +$48M |
|
10
Armstrong World Industries
AWI
$6.66B
| $472M | 4.73% |
9,202,612
+2,612
| +0% | +$123K |
|
|
11
Willis Towers Watson
WTW
$27.7B
| $460M | 4.61% |
2,980,008
-3,629,350
| -55% | -$542M |
|
|
12
Bausch Health
BHC
$1.8B
| $258M | 2.59% |
18,010,027
+12,803
| +0.1% | +$194K |
|
|
AFI
13
DELISTED
Armstrong Flooring, Inc.
AFI
| $72.6M | 0.73% |
4,609,071
| – | – |
|
|
BIVV
14
DELISTED
Bioverativ Inc. Common Stock
BIVV
| $72.5M | 0.73% |
1,270,619
-5,893,273
| -82% | -$345M |
|
15
NETSCOUT
NTCT
$2.95B
| – | – |
-1,750,943
| Closed | -$60.2M |
|
|
BHI
16
DELISTED
Baker Hughes
BHI
| – | – |
-31,407,820
| Closed | -$1.71B |
|
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ValueAct Holdings's Q3 2017 Portfolio in Review
As of Q3 2017, ValueAct Holdings held 16 positions worth $9.98B, down 11% from $11.2B the previous quarter. Its ten largest holdings account for 91% of the portfolio.
ValueAct Holdings withdrew a net $1.18B in Q3 2017, closing 2 positions and reducing 4 holdings. Its most notable exit was Baker Hughes, an estimated $1.71B position sold in full.
By sector, the portfolio is most concentrated in Financials at 36% of assets, up from 30% a quarter earlier, followed by Technology and Communication Services.
Against the trend, ValueAct Holdings opened a new position in Baker Hughes worth $1.15B.
- ValueAct Holdings's largest Q3 2017 buy was Baker Hughes: 31,407,820 shares worth $1.15B.
- ValueAct Holdings added most to KKR & Co in Q3 2017, an estimated $769M increase.
- ValueAct Holdings's biggest Q3 2017 reduction was Willis Towers Watson, cutting an estimated $542M.
- ValueAct Holdings fully exited Baker Hughes in Q3 2017, selling an estimated $1.71B.
- ValueAct Holdings's ten largest holdings make up 91% of its $9.98B portfolio in Q3 2017.
- ValueAct Holdings opened 1 new position and closed 2 in Q3 2017.
- ValueAct Holdings's portfolio value fell 11% quarter-over-quarter to $9.98B.
Based on ValueAct Holdings's 13F filing for Q3 2017, filed 14 Nov 2017.