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ValueAct Capital

ValueAct Capital · 12 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 16 priced positions, -3.88% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.

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2026-02-172026-05-15

16 of 16 priced100.00% coverage
-3.88%
Holdings from Q4 2025 disclosure · accession 0001418814-26-000001 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM2,994,509$184.29$173.51$551.86M$519.58M-5.85%11.29%-0.7 bps1
AMZN3,394,300$201.15$264.14$682.76M$896.57M+31.31%11.15%+3.5 bps1
RKT39,380,652$18.37$13.35$723.42M$525.73M-27.33%10.85%-3.0 bps1
BLK695,000$1072.67$1081.90$745.51M$751.92M+0.86%10.59%+0.1 bps1
META1,047,974$639.29$614.23$669.96M$643.7M-3.92%9.85%-0.4 bps1
V1,718,250$319.50$325.75$548.98M$559.72M+1.96%8.58%+0.2 bps1
MDB1,406,800$354.36$312.16$498.51M$439.15M-11.91%8.40%-1.0 bps1
RBLX5,975,821$63.00$42.85$376.48M$256.06M-31.98%6.89%-2.2 bps1
DIS3,077,931$105.44$102.72$324.54M$316.17M-2.58%4.98%-0.1 bps1
LLYVK3,603,988$94.21$99.51$339.53M$358.63M+5.63%4.27%+0.2 bps1
TOST8,015,277$27.66$23.05$221.7M$184.75M-16.67%4.05%-0.7 bps1
SSD1,472,142$206.03$178.62$303.31M$262.95M-13.30%3.38%-0.5 bps1
LLYVA1,799,319$91.79$96.53$165.16M$173.69M+5.16%2.09%+0.1 bps1
LYV823,066$157.53$168.87$129.66M$138.99M+7.20%1.67%+0.1 bps1
NSIT1,216,592$83.00$88.90$100.98M$108.16M+7.11%1.41%+0.1 bps1
CBRE234,591$141.24$129.95$33.13M$30.49M-7.99%0.54%-0.0 bps1
Top 5 (by entry value)(5)$3.37B$3.34B-1.07%
Total(16)$6.42B$6.17B-3.88%

2025-11-142026-02-17

15 of 16 priced96.78% coverage
-6.01%
Holdings from Q3 2025 disclosure · accession 0001418814-25-000003 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
AMZN3,500,500$234.69$201.15$821.53M$704.13M-14.29%12.96%-1.9 bps1
CRM2,898,509$243.66$184.29$706.25M$534.17M-24.37%11.59%-2.8 bps1
RBLX4,283,221$102.28$63.00$438.09M$269.84M-38.40%10.01%-3.8 bps1
META768,674$609.46$639.29$468.48M$491.41M+4.89%9.52%+0.5 bps1
V1,565,850$330.02$319.50$516.76M$500.29M-3.19%9.02%-0.3 bps1
DIS4,391,931$105.80$105.44$464.67M$463.09M-0.34%8.48%-0.0 bps1
RKT25,395,627$17.05$18.37$433M$466.52M+7.74%8.30%+0.6 bps1
MDB2,118,200$352.61$354.36$746.9M$750.61M+0.50%6.19%+0.0 bps1
LLYVK3,515,888$83.59$94.21$293.89M$331.23M+12.70%5.75%+0.7 bps1
NSIT2,271,739$90.06$83.00$204.59M$188.55M-7.84%4.34%-0.3 bps1
SSD1,207,942$164.17$206.03$198.31M$248.87M+25.50%3.41%+0.9 bps1
LLYVA1,719,548$80.44$91.79$138.33M$157.84M+14.10%2.73%+0.4 bps1
TOST3,397,200$35.90$27.66$121.96M$93.97M-22.95%2.09%-0.5 bps1
LYV640,866$135.86$157.53$87.07M$100.96M+15.95%1.77%+0.3 bps1
CBRE234,591$153.66$141.24$36.05M$33.13M-8.08%0.62%-0.1 bps1
COOP3.22%0
Top 5 (by entry value)(5)$3.26B$2.98B-8.57%
Total(15)$5.68B$5.33B-6.01%

2025-08-142025-11-14

15 of 18 priced95.94% coverage
-7.06%
Holdings from Q2 2025 disclosure · accession 0001418812-25-000025 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
AMZN3,872,500$230.98$234.69$894.47M$908.84M+1.61%15.17%+0.2 bps1
CRM2,898,509$233.37$243.66$676.43M$706.25M+4.41%14.12%+0.6 bps1
DIS5,087,631$116.31$105.80$591.74M$538.27M-9.04%11.27%-1.0 bps1
RBLX4,732,021$125.28$102.28$592.83M$483.99M-18.36%8.89%-1.6 bps1
META623,374$782.13$609.46$487.56M$379.92M-22.08%8.22%-1.8 bps1
V1,244,950$345.49$330.02$430.12M$410.86M-4.48%7.89%-0.4 bps1
NSIT2,861,739$132.64$90.06$379.58M$257.73M-32.10%7.06%-2.3 bps1
LLYVK3,991,888$93.18$83.59$371.96M$333.68M-10.29%5.79%-0.6 bps1
SSD1,406,105$191.19$164.17$268.83M$230.84M-14.13%3.90%-0.6 bps1
RKT15,125,609$18.72$17.05$283.15M$257.89M-8.92%3.83%-0.3 bps1
MDB690,500$204.37$352.61$141.12M$243.48M+72.54%2.59%+1.9 bps1
LLYVA1,773,148$90.59$80.44$160.63M$142.64M-11.20%2.52%-0.3 bps1
LYV885,266$161.60$135.86$143.06M$120.27M-15.93%2.39%-0.4 bps1
CBRE589,391$158.54$153.66$93.44M$90.57M-3.08%1.47%-0.0 bps1
EXPE278,356$207.20$264.66$57.68M$73.67M+27.73%0.84%+0.2 bps1
COOP2.41%0
RDFN1.16%0
CCCS0.48%0
Top 5 (by entry value)(5)$3.24B$3.02B-6.96%
Total(15)$5.57B$5.18B-7.06%

2025-05-152025-08-14

14 of 14 priced100.00% coverage
+10.78%
Holdings from Q1 2025 disclosure · accession 0001418812-25-000015 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM2,898,509$290.76$233.37$842.77M$676.43M-19.74%16.98%-3.4 bps1
DIS6,566,031$112.22$116.31$736.84M$763.7M+3.64%14.15%+0.5 bps1
NSIT4,061,739$134.60$132.64$546.71M$538.75M-1.46%13.30%-0.2 bps1
META1,014,874$643.88$782.13$653.46M$793.76M+21.47%12.77%+2.7 bps1
RBLX8,764,921$80.77$125.28$707.94M$1.1B+55.11%11.15%+6.1 bps1
V1,312,950$362.30$345.49$475.68M$453.61M-4.64%10.04%-0.5 bps1
LLYVK3,903,888$78.12$93.18$304.97M$363.76M+19.28%5.81%+1.1 bps1
EXPE1,117,156$166.21$207.20$185.68M$231.47M+24.66%4.10%+1.0 bps1
LYV885,266$145.42$161.60$128.74M$143.06M+11.13%2.52%+0.3 bps1
LLYVA1,658,648$77.15$90.59$127.96M$150.26M+17.42%2.43%+0.4 bps1
AMZN563,100$205.17$230.98$115.53M$130.06M+12.58%2.34%+0.3 bps1
TOST2,597,200$45.23$43.00$117.47M$111.68M-4.93%1.88%-0.1 bps1
RKT6,728,509$12.77$18.72$85.92M$125.96M+46.59%1.77%+0.8 bps1
NU3,416,200$13.13$12.01$44.85M$41.03M-8.53%0.76%-0.1 bps1
Top 5 (by entry value)(5)$3.49B$3.87B+10.98%
Total(14)$5.07B$5.62B+10.78%

2025-02-142025-05-15

12 of 12 priced100.00% coverage
-3.30%
Holdings from Q4 2024 disclosure · accession 0001418812-25-000004 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM2,898,509$326.54$290.76$946.48M$842.77M-10.96%22.08%-2.4 bps1
DIS6,566,031$110.38$112.22$724.76M$736.84M+1.67%16.66%+0.3 bps1
NSIT4,061,739$165.58$134.60$672.54M$546.71M-18.71%14.08%-2.6 bps1
RBLX10,135,921$66.75$80.77$676.57M$818.68M+21.00%13.36%+2.8 bps1
EXPE2,017,406$202.38$166.21$408.28M$335.31M-17.87%8.56%-1.5 bps1
TOST8,548,600$40.49$45.23$346.13M$386.65M+11.71%7.10%+0.8 bps1
LLYVK3,168,788$80.35$78.12$254.61M$247.55M-2.78%4.91%-0.1 bps1
LYV1,061,466$153.76$145.42$163.21M$154.36M-5.42%3.13%-0.2 bps1
META211,500$736.67$643.88$155.81M$136.18M-12.60%2.82%-0.4 bps1
V373,600$353.81$362.30$132.18M$135.36M+2.40%2.69%+0.1 bps1
AMZN536,900$228.68$205.17$122.78M$110.16M-10.28%2.68%-0.3 bps1
LLYVA1,268,448$79.08$77.15$100.31M$97.86M-2.44%1.92%-0.0 bps1
Top 5 (by entry value)(5)$3.43B$3.28B-4.33%
Total(12)$4.7B$4.55B-3.30%

2024-11-142025-02-14

10 of 10 priced100.00% coverage
+8.12%
Holdings from Q3 2024 disclosure · accession 0001418812-24-000021 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM3,914,309$331.65$326.54$1.3B$1.28B-1.54%27.22%-0.4 bps1
NSIT4,061,739$152.63$165.58$619.94M$672.54M+8.48%22.23%+1.9 bps1
DIS7,464,831$109.12$110.38$814.56M$823.97M+1.15%18.24%+0.2 bps1
RBLX10,135,921$52.73$66.75$534.47M$676.57M+26.59%11.40%+3.0 bps1
EXPE2,607,606$182.26$202.38$475.26M$527.73M+11.04%9.81%+1.1 bps1
META211,500$577.16$736.67$122.07M$155.81M+27.64%3.08%+0.9 bps1
LYV1,014,650$129.19$153.76$131.08M$156.01M+19.02%2.82%+0.5 bps1
V373,600$308.25$353.81$115.16M$132.18M+14.78%2.61%+0.4 bps1
LLYVK1,337,500$64.83$80.35$86.71M$107.47M+23.94%1.74%+0.4 bps1
LLYVA671,800$62.64$79.08$42.08M$53.13M+26.25%0.85%+0.2 bps1
Top 5 (by entry value)(5)$3.74B$3.98B+6.32%
Total(10)$4.24B$4.58B+8.12%

2024-08-142024-11-14

10 of 10 priced100.00% coverage
+19.18%
Holdings from Q2 2024 disclosure · accession 0001418812-24-000017 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM3,914,309$255.32$331.65$999.4M$1.3B+29.90%28.30%+8.5 bps1
NSIT4,061,739$196.44$152.63$797.89M$619.94M-22.30%22.66%-5.1 bps1
DIS6,133,631$86.30$109.12$529.33M$669.3M+26.44%17.12%+4.5 bps1
EXPE3,414,568$129.03$182.26$440.58M$622.34M+41.25%12.10%+5.0 bps1
SPOT676,553$334.35$477.50$226.21M$323.05M+42.81%5.97%+2.6 bps1
FI1,103,759$164.03$210.85$181.05M$232.73M+28.54%4.63%+1.3 bps1
KKR1,207,208$118.38$150.52$142.91M$181.71M+27.15%3.57%+1.0 bps1
RBLX2,300,000$39.09$52.73$89.91M$121.28M+34.89%2.41%+0.8 bps1
NYT1,344,392$54.56$54.22$73.35M$72.89M-0.62%1.94%-0.0 bps1
FLUT323,235$206.88$267.00$66.87M$86.3M+29.06%1.31%+0.4 bps1
Top 5 (by entry value)(5)$2.99B$3.53B+18.02%
Total(10)$3.55B$4.23B+19.18%

2024-05-152024-08-14

12 of 12 priced100.00% coverage
-1.25%
Holdings from Q1 2024 disclosure · accession 0001418812-24-000011 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM3,486,309$287.54$255.32$1B$890.12M-11.21%23.11%-2.6 bps1
NSIT4,511,739$210.34$196.44$949M$886.29M-6.61%18.42%-1.2 bps1
DIS5,418,631$102.77$86.30$556.87M$467.63M-16.03%14.59%-2.3 bps1
FI3,655,641$155.01$164.03$566.66M$599.63M+5.82%12.86%+0.7 bps1
EXPE3,414,568$112.45$129.03$383.97M$440.58M+14.74%10.35%+1.5 bps1
CBRE2,470,748$92.26$110.49$227.95M$272.99M+19.76%5.29%+1.0 bps1
SPOT820,553$303.04$334.35$248.66M$274.35M+10.33%4.77%+0.5 bps1
KKR1,904,808$107.67$118.38$205.09M$225.49M+9.95%4.22%+0.4 bps1
NYT2,094,392$47.94$54.56$100.41M$114.27M+13.81%1.99%+0.3 bps1
RBLX2,300,000$33.01$39.09$75.92M$89.91M+18.42%1.93%+0.4 bps1
FLUT495,135$211.72$206.88$104.83M$102.43M-2.29%1.72%-0.0 bps1
ILMN243,777$111.88$122.28$27.27M$29.81M+9.30%0.74%+0.1 bps1
Top 5 (by entry value)(5)$3.46B$3.28B-5.05%
Total(12)$4.45B$4.39B-1.25%

2024-02-142024-05-15

14 of 14 priced100.00% coverage
+2.18%
Holdings from Q4 2023 disclosure · accession 0001418812-24-000003 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
CRM3,486,309$289.15$287.54$1.01B$1B-0.56%18.36%-0.1 bps1
NSIT4,511,630$192.61$210.34$868.99M$948.98M+9.21%16.00%+1.5 bps1
EXPE4,251,568$134.82$112.45$573.2M$478.09M-16.59%12.92%-2.1 bps1
FI4,188,841$144.98$155.01$607.3M$649.31M+6.92%11.14%+0.8 bps1
KKR5,954,108$95.95$107.67$571.3M$641.08M+12.21%9.87%+1.2 bps1
DIS5,086,331$111.56$102.77$567.43M$522.72M-7.88%9.19%-0.7 bps1
CBRE4,637,748$86.89$92.26$402.97M$427.88M+6.18%8.64%+0.5 bps1
SPOT1,027,553$244.17$303.04$250.9M$311.39M+24.11%3.86%+0.9 bps1
NYT3,626,732$44.18$47.94$160.23M$173.87M+8.51%3.56%+0.3 bps1
PAYC608,000$189.25$177.45$115.06M$107.89M-6.24%2.52%-0.2 bps1
RBLX1,800,000$44.14$33.01$79.45M$59.42M-25.22%1.65%-0.4 bps1
DHR200,000$247.99$263.46$49.6M$52.69M+6.24%0.93%+0.1 bps1
ILMN328,045$136.91$111.88$44.91M$36.7M-18.28%0.91%-0.2 bps1
STX262,348$86.81$98.72$22.77M$25.9M+13.72%0.45%+0.1 bps1
Top 5 (by entry value)(5)$3.63B$3.72B+2.51%
Total(14)$5.32B$5.44B+2.18%

2023-11-142024-02-14

12 of 12 priced100.00% coverage
+25.40%
Holdings from Q3 2023 disclosure · accession 0001418812-23-000073 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
FI7,548,841$122.16$144.98$922.17M$1.09B+18.68%19.15%+3.6 bps1
CRM3,486,309$221.18$289.15$771.1M$1.01B+30.73%15.88%+4.9 bps1
KKR11,420,908$66.63$95.95$760.98M$1.1B+44.00%15.80%+7.0 bps1
NSIT4,511,630$147.40$192.61$665.01M$868.99M+30.67%14.75%+4.5 bps1
STX7,687,070$74.61$86.81$573.53M$667.31M+16.35%11.39%+1.9 bps1
CBRE4,637,748$77.94$86.89$361.47M$402.97M+11.48%7.69%+0.9 bps1
NYT7,284,596$44.34$44.18$323M$321.83M-0.36%6.74%-0.0 bps1
SPOT1,253,853$174.41$244.17$218.68M$306.15M+40.00%4.36%+1.7 bps1
ILMN519,610$94.83$136.91$49.28M$71.14M+44.36%1.60%+0.7 bps1
RBLX1,800,000$39.24$44.14$70.63M$79.45M+12.49%1.17%+0.1 bps1
ALRM585,400$58.09$69.76$34.01M$40.84M+20.09%0.80%+0.2 bps1
DHR118,000$203.52$247.99$24.02M$29.26M+21.85%0.66%+0.1 bps1
Top 5 (by entry value)(5)$3.69B$4.73B+28.21%
Total(12)$4.77B$5.99B+25.40%

2023-08-142023-11-14

8 of 9 priced99.66% coverage
+2.95%
Holdings from Q2 2023 disclosure · accession 0001418812-23-000038 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
FI11,647,776$124.47$122.16$1.45B$1.42B-1.86%22.85%-0.4 bps1
KKR20,535,233$61.78$66.63$1.27B$1.37B+7.85%17.88%+1.4 bps1
STX13,437,070$67.81$74.61$911.17M$1B+10.03%12.93%+1.3 bps1
CBRE9,237,748$84.65$77.94$781.98M$719.99M-7.93%11.59%-0.9 bps1
CRM3,486,309$212.06$221.18$739.31M$771.1M+4.30%11.45%+0.5 bps1
NSIT4,511,630$148.48$147.40$669.89M$665.01M-0.73%10.27%-0.1 bps1
NYT13,410,554$44.01$44.34$590.2M$594.62M+0.75%8.21%+0.1 bps1
SPOT1,799,141$139.38$174.41$250.76M$313.79M+25.13%4.49%+1.1 bps1
AMPS0.34%0
Top 5 (by entry value)(5)$5.15B$5.28B+2.60%
Total(8)$6.66B$6.86B+2.95%

2023-05-152023-08-14

8 of 9 priced99.64% coverage
+12.24%
Holdings from Q1 2023 disclosure · accession 0001418812-23-000026 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
FI11,647,776$119.72$124.47$1.39B$1.45B+3.97%21.44%+0.9 bps1
KKR20,535,233$49.11$61.78$1.01B$1.27B+25.80%17.56%+4.5 bps1
STX13,437,070$61.06$67.81$820.47M$911.17M+11.05%14.47%+1.6 bps1
CRM3,486,309$203.33$212.06$708.87M$739.31M+4.29%11.34%+0.5 bps1
CBRE9,234,964$74.16$84.65$684.86M$781.74M+14.15%10.95%+1.5 bps1
NSIT4,511,116$123.67$148.48$557.89M$669.81M+20.06%10.50%+2.1 bps1
NYT13,410,554$36.64$44.01$491.36M$590.2M+20.11%8.49%+1.7 bps1
SPOT2,249,141$144.22$139.38$324.37M$313.49M-3.36%4.89%-0.2 bps1
AMPS0.36%0
Top 5 (by entry value)(5)$4.62B$5.15B+11.56%
Total(8)$5.99B$6.72B+12.24%