Portfolio holdings of ValueAct Capital . ValueAct Capital stock picks:. Stock Holdings page.
ValueAct Capital
i
Strategy
ValueAct Capital concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued. The investment team seeks to identify companies that are out of favor, or may be undergoing significant transition. Such companies may be temporarily mispriced for a variety of reasons, including perceived unfavorable industry conditions, poor business performance, changes in management or ownership, reorganizations, or other external factors. These conditions can often result in fundamentally "good" businesses that are available at depressed valuations. The goal in each investment is to work productively with management and/or the company's board to implement a strategy or strategies that maximize returns for all shareholders.
ValueAct Capital is typically one of the largest independent shareholders at each of its core company investments and works in a constructive manner with management and/or the company's board to successfully implement strategies that generate superior returns on invested capital. The seven investment partners have extensive experience working effectively with portfolio companies as long-term large shareholders, and oftentimes as members of the companies' boards. At any given time, the portfolio consists of ten to eighteen core company investments, as well as a small "farm team" of additional investments in development.
ValueAct Capital concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued. The investment team seeks to identify companies that are out of favor, or may be undergoing significant transition. Such companies may be temporarily mispriced for a variety of reasons, including perceived unfavorable industry conditions, poor business performance, changes in management or ownership, reorganizations, or other external factors. These conditions can often result in fundamentally "good" businesses that are available at depressed valuations. The goal in each investment is to work productively with management and/or the company's board to implement a strategy or strategies that maximize returns for all shareholders.
ValueAct Capital is typically one of the largest independent shareholders at each of its core company investments and works in a constructive manner with management and/or the company's board to successfully implement strategies that generate superior returns on invested capital. The seven investment partners have extensive experience working effectively with portfolio companies as long-term large shareholders, and oftentimes as members of the companies' boards. At any given time, the portfolio consists of ten to eighteen core company investments, as well as a small "farm team" of additional investments in development.
Period: Q4 2023
Portfolio date: 31 Dec 2023
No. of stocks: 14
Portfolio value: $4,995,951,000
History | Stock | % of Portfolio |
RecentActivity | Shares | ReportedPrice* | Value | Current Price |
+/-Reported Price |
52Week Low |
52Week High |
|
≡ | CRM - Salesforce.com | 18.36 | 3,486,309 | $263.14 | $917,387,000 | $273.65 | 3.99% | $193.00 | $318.30 | ||
≡ | NSIT - Insight Enterprises Inc. | 16.00 | 4,511,630 | $177.19 | $799,416,000 | $193.96 | 9.46% | $122.33 | $194.57 | ||
≡ | EXPE - Expedia Group Inc. | 12.92 | Buy | 4,251,568 | $151.79 | $645,346,000 | $115.31 | -24.03% | $88.81 | $160.05 | |
≡ | FI - Fiserv Inc. | 11.14 | Reduce 44.51% | 4,188,841 | $132.84 | $556,446,000 | $149.22 | 12.33% | $109.12 | $159.99 | |
≡ | KKR - KKR & Co. L.P. | 9.87 | Reduce 47.87% | 5,954,108 | $82.85 | $493,298,000 | $94.96 | 14.62% | $47.30 | $103.48 | |
≡ | DIS - Walt Disney Co. | 9.19 | Buy | 5,086,331 | $90.29 | $459,245,000 | $113.66 | 25.88% | $78.48 | $123.74 | |
≡ | CBRE - CBRE Group | 8.64 | 4,637,748 | $93.09 | $431,728,000 | $86.59 | -6.98% | $64.63 | $98.65 | ||
≡ | SPOT - Spotify Technology S.A. | 3.86 | Reduce 18.05% | 1,027,553 | $187.91 | $193,087,000 | $296.07 | 57.56% | $129.23 | $319.30 | |
≡ | NYT - New York Times CL A | 3.56 | Reduce 50.21% | 3,626,732 | $48.99 | $177,674,000 | $45.03 | -8.08% | $34.69 | $49.72 | |
≡ | PAYC - Paycom Software Inc. | 2.52 | Buy | 608,000 | $206.72 | $125,686,000 | $171.28 | -17.14% | $145.54 | $371.99 | |
≡ | RBLX - Roblox Corp. | 1.65 | 1,800,000 | $45.72 | $82,296,000 | $39.24 | -14.17% | $24.88 | $47.20 | ||
≡ | DHR - Danaher Corp. | 0.93 | Add 69.49% | 200,000 | $231.34 | $46,268,000 | $248.37 | 7.36% | $181.70 | $268.71 | |
≡ | ILMN - Illumina Inc. | 0.91 | Reduce 36.87% | 328,045 | $139.24 | $45,677,000 | $117.86 | -15.35% | $89.00 | $213.91 | |
≡ | STX - Seagate Technology | 0.45 | Reduce 96.59% | 262,348 | $85.37 | $22,397,000 | $87.51 | 2.51% | $50.91 | $99.63 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Technology | 38.11 | |
Information Technology | 27.14 | |
Financials | 18.51 | |
Consumer Discretionary | 12.75 | |
Communication Services | 1.65 | |
Industrials | 0.93 | |
Health Care | 0.91 |
Articles & Commentaries
16 Sep 2020 Activist ValueAct played a key role in speeding up Citigroup CEO’s retirement, sources say
26 Jun 2020 The Activist Investor Done With Finance
04 Mar 2020 Full CNBC interview with Jeff Ubben
16 Apr 2019 CNBC interview with ValueAct's Jeff Ubben
25 Oct 2018 ValueAct's Ubben says electricity is the next 'Amazon-like' growth area, buys Hawaiian Electric
23 Jun 2014 Jeff Ubben on Rethinking Risk
30 Apr 2014 JeffreyUbben: "Tremendous" upside in Microsoft
28 Jan 2013 Introducing Jeff Ubben of ValueAct Capital