§ 13F · FUND PROFILE
ValueAct Holdings.
ValueAct Holdings is a $5.9 trillion activist hedge fund known for its constructivist approach, working collaboratively with management teams to drive operational improvements and strategic changes at portfolio companies. The fund maintains a concentrated portfolio of 16 positions, with notable holdings in technology and financial services companies including Salesforce, Amazon, and BlackRock.
AUM · $5929.6T (13F)Positions · 16Turnover · — · Q4Filed · Feb 17, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$1190.2T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | CRM | SALESFORCE INC | 2.99M | $793.3T | 11.3% | +3% |
| 2 | AMZN | AMAZON COM INC | 3.39M | $783.5T | 11.2% | −3% |
| 3 | RKT | ROCKET COS INC | 39.38M | $762.4T | 10.9% | +55% |
| 4 | BLK | BLACKROCK INC | 695K | $743.9T | 10.6% | NEW |
| 5 | META | META PLATFORMS INC | 1.05M | $691.8T | 9.8% | +36% |
| 6 | V | VISA INC | 1.72M | $602.6T | 8.6% | +10% |
| 7 | MDB | MONGODB INC | 1.41M | $590.4T | 8.4% | −34% |
| 8 | RBLX | ROBLOX CORP | 5.98M | $484.2T | 6.9% | +40% |
| 9 | DIS | DISNEY WALT CO | 3.08M | $350.2T | 5.0% | −30% |
| 10 | LLYVK | LIBERTY LIVE HOLDINGS INC | 3.60M | $299.7T | 4.3% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE VALUEACT SIGNAL
AC read
ValueAct Holdings' latest 13F filing reveals a remarkably concentrated activist strategy, maintaining just 16 positions across its massive $5.9 trillion portfolio. The fund's approach appears heavily weighted toward large-cap technology and financial services companies, with Salesforce (CRM) representing the largest position at $793.3 trillion or 11.3% of assets under management. Amazon follows closely with multiple substantial positions totaling over $1.5 trillion combined, suggesting ValueAct may be building significant influence across different share classes or reporting periods.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed