ValueAct Capital

Q2 2023 13F · by Mason Morfit, CIO

As of: Jun 30, 2023
Filed: Aug 14, 2023
US stock: $6.4B · prev $6.1B
Positions: 9 · prev 9
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves4 since the prior filing

+0.4 pp in · −0.4 pp out

New 0 0.00 pp
Added 3 +0.39 pp
Trimmed 1 −0.40 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 7 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year, more than 30 years per position

Low
Moderate
High

Top 5 positions77% of US stock

FISV Fiserv, Inc. held held22.9%
KKR KKR & Co. Inc. held held17.9%
STX Seagate Technology Holdings PLC (Ireland) held held12.9%
CBRE Cbre Group, Inc. added+0.64 pp added+0.6411.6%
CRM Salesforce, Inc. held held11.4%

Positions9 in this filing · 0 exited


FISVFiserv, Inc.	22.85%	11,647,776	$1.5B	held	—	11 q
KKRKKR & Co. Inc.	17.88%	20,535,233	$1.1B	held	—	21 q
STXSeagate Technology Holdings PLC (Ireland)	12.93%	13,437,070	$831M	held	—	29 q
CBRECbre Group, Inc.	11.59%	9,237,748	$746M	added0%	+0.64 pp	41 q
CRMSalesforce, Inc.	11.45%	3,486,309	$737M	held	—	3 q
NSITInsight Enterprises Inc	10.27%	4,511,630	$660M	added0%	−0.23 pp	10 q
NYTNew York Times Co.	8.21%	13,410,554	$528M	held	—	5 q
SPOTSpotify Technology S.A.	4.49%	1,799,141	$289M	trimmed−20%	−0.40 pp	2 q
AMPSAltus Power, Inc.	0.34%	4,017,628	$22M	added0%	−0.02 pp	7 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001418812-23-000038
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet