ValueAct Capital Management
ValueAct Capital Management
Latest 13F filing
Q4 2025
filed Feb 17, 2026
Portfolio value
$7.03B
Positions
16
Top 10 concentration
86.9%
QoQ change
+18.5%
+$1.10B
Activity vs. Q3 2025
3
New positions
8
Added to
1
Unchanged
4
Reduced
16
Exited
Portfolio composition — Q4 2025
- CRMSALESFORCE INC11.3%
- AMZNAMAZON COM INC11.2%
- RKTROCKET COS INC10.9%
- BLKBLACKROCK INC10.6%
- METAMETA PLATFORMS INC9.8%
- VVISA INC8.6%
- MDBMONGODB INC8.4%
- RBLXROBLOX CORP6.9%
- DISDISNEY WALT CO5.0%
- LLYVKLIBERTY LIVE HOLDINGS INC4.3%
- Other6 more positions13.1%
Top buys
New & added positions, by size
Holdings as of Q4 2025
| # | Ticker | Issuer | Shares | Value | % Portfolio | Reported price | Action | Δ Shares |
|---|---|---|---|---|---|---|---|---|
| 1 | CRM | SALESFORCE INC | 2,994,509 | $793.28M | 11.29% | $264.91 | ADD | +3.3% |
| 2 | AMZN | AMAZON COM INC | 3,394,300 | $783.47M | 11.15% | $230.82 | REDUCE | -3.0% |
| 3 | RKT | ROCKET COS INC | 39,380,652 | $762.41M | 10.85% | $19.36 | ADD | +55.1% |
| 4 | BLK | BLACKROCK INC | 695,000 | $743.89M | 10.59% | $1070.34 | NEW | — |
| 5 | META | META PLATFORMS INC | 1,047,974 | $691.76M | 9.85% | $660.09 | ADD | +36.3% |
| 6 | V | VISA INC | 1,718,250 | $602.61M | 8.58% | $350.71 | ADD | +9.7% |
| 7 | MDB | MONGODB INC | 1,406,800 | $590.42M | 8.40% | $419.69 | REDUCE | -33.6% |
| 8 | RBLX | ROBLOX CORP | 5,975,821 | $484.22M | 6.89% | $81.03 | ADD | +39.5% |
| 9 | DIS | DISNEY WALT CO | 3,077,931 | $350.18M | 4.98% | $113.77 | REDUCE | -29.9% |
| 10 | LLYVK | LIBERTY LIVE HOLDINGS INC | 3,603,988 | $299.71M | 4.27% | $83.16 | NEW | — |
| 11 | TOST | TOAST INC | 8,015,277 | $284.62M | 4.05% | $35.51 | ADD | +135.9% |
| 12 | SSD | SIMPSON MFG INC | 1,472,142 | $237.71M | 3.38% | $161.47 | ADD | +21.9% |
| 13 | LLYVA | LIBERTY LIVE HOLDINGS INC | 1,799,319 | $146.64M | 2.09% | $81.50 | NEW | — |
| 14 | LYV | LIVE NATION ENTERTAINMENT IN | 823,066 | $117.29M | 1.67% | $142.50 | ADD | +28.4% |
| 15 | NSIT | INSIGHT ENTERPRISES INC | 1,216,592 | $99.12M | 1.41% | $81.47 | REDUCE | -46.4% |
| 16 | CBRE | CBRE GROUP INC | 234,591 | $37.72M | 0.54% | $160.79 | — | 0% |
Positions exited in Q4 2025
| Ticker | Issuer | Prior shares |
|---|---|---|
| NYT | NEW YORK TIMES CO | 0 |
| PAYC | PAYCOM SOFTWARE INC | 0 |
| DHR | DANAHER CORPORATION | 0 |
| ILMN | ILLUMINA INC | 0 |
| CCC | CCC INTELLIGENT SOLUTIONS HL | 0 |
| EXPE | EXPEDIA GROUP INC | 0 |
| STX | SEAGATE TECHNOLOGY HLDNGS PL | 0 |
| LLYVA* | LIBERTY MEDIA CORP DEL | 1,719,548 |
| SPOT | SPOTIFY TECHNOLOGY S A | 0 |
| FLUT | FLUTTER ENTMT PLC | 0 |
| FISV | FISERV INC | 0 |
| NU | NU HLDGS LTD | 0 |
| RDFN | REDFIN CORP | 0 |
| KKR | KKR & CO INC | 0 |
| LLYVK* | LIBERTY MEDIA CORP DEL | 3,515,888 |
| 07WA | MR COOPER GROUP INC | 904,800 |
Source: SEC EDGAR 13F-HR filing Feb 17, 2026. Reported prices are derived from the filing's value-to-shares ratio (effectively the quarter-end mark). Filings are published with a 45-day delay. CIK 0001418814.