ValueAct Holdings

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.

The portfolio construction reflects ValueAct's signature activist methodology, with meaningful stakes in companies where the fund can potentially drive operational improvements. BlackRock emerges as a notable financial services holding at $743.9 trillion (10.6%), while technology names like Meta, Visa, and Roblox round out the top positions. The presence of MongoDB at $590.4 trillion (8.4%) suggests the fund continues to identify opportunities in high-growth software companies where its collaborative approach with management could unlock value.

Notably, ValueAct made no new position initiations or complete exits during this reporting period, indicating a period of portfolio stability rather than active repositioning. This lack of turnover aligns with the fund's patient capital approach, where positions are typically held for extended periods while the firm works alongside management teams to implement strategic changes. The concentrated nature of the portfolio, with each position representing substantial dollar amounts, underscores ValueAct's conviction-driven investment philosophy and its ability to take meaningful stakes in large-capitalization companies.

Analysis generated Apr 5, 2026