中文
Value GiantsValue investors’ 13F holdings, as a whole
Q2 2026 13FData as of Aug 18, 2026
Activist

Mason Morfit

Q2 2026 13F: 18 holdings worth about $5.6B; that quarter 1 new, 7 added, 6 trimmed, 1 sold out.

Firm: Valueact Holdings, L.P.
Filer: ValueAct Holdings, L.P. CIK 1418814
Last filed: Aug 14, 2026 | Activist | Counted in this quarter’s totals

13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.

Why This Giant Is Included

Full selection rules →

13F value
$5.6B
previous $5.7B (−1.4%)
Holdings
18
1 new / 1 sold out
Net deploymentest.
−5.6%
est. net buying ÷ last quarter’s portfolio
Top-10 concentration
87%
overlap with the composite 8%
Turnoverest.
9.2%
held 6 quarters on average
I

Trades in Q2 2026

Sorted by position shift: how many percentage points of the portfolio the trade moved.

How to Read This

Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.

MoveCompanyChange in sharesChange %Position shift (pts)Start → end priceEst. trade price
TrimmedMDBMongoDB, Inc−872.1K−84%−5.20$244.77 → $335.90$290.33
TrimmedLLYVKLiberty Live Holdings, Inc−1.39M−39%−4.39$94.11 → $105.64$99.88
AddedRKTRocket Companies, Inc+13.45M+48%+3.76$14.25 → $15.75$15.00
TrimmedRBLXRoblox Corp−2.70M−46%−2.61$56.56 → $54.38$55.47
TrimmedSSDSimpson Manufacturing Co., Inc−567.4K−41%−2.11$171.62 → $209.35$190.49
AddedCBRECBRE Group Inc+757.8K+323%+1.81$135.46 → $134.69$135.08
AddedSPOTSpotify Technology S.A+168.3K+47%+1.37$484.91 → $459.13$472.02
TrimmedLYVLive Nation Entertainment, Inc−322.6K−52%−1.05$152.51 → $183.11$167.81
Sold outDISWalt Disney Co−400.2K—−0.68$96.38 → $96.25$96.31
AddedTOSTToast, Inc+1.24M+10%+0.61$26.51 → $27.82$27.17
AddedBLKBlackRock, Inc+35.6K+7%+0.61$961.71 → $961.56$961.64
NewPAYPPayPay Corp+2.15M—+0.55— → $14.33—
AddedKKRKKR & Co Inc+278.5K+8%+0.45$92.50 → $91.78$92.14
AddedAMZNAmazon.com Inc+57.1K+2%+0.24$208.27 → $238.34$223.31
II

All Holdings (17 Companies)

Share classes of one company are combined; click a heading to re-sort.

How to Read This

Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.

CompanySectorWeight (prev.)SharesValueThis quarterFirst boughtQuarters heldEst. avg costQuarter-end pricevs costHistory
VVisa IncFinancials14.1%12.3%2.32M$794.7MHeldQ3 20248$324.55est.$343.09+6%History
AMZNAmazon.com IncConsumer discretionary12.4%10.5%2.94M$701.1MAdded +2%Q4 20247$204.92est.$238.34+16%History
RKTRocket Companies, IncFinancials11.6%7.0%41.67M$656.3MAdded +48%Q1 20256$15.71est.$15.75+0%History
BLKBlackRock, IncFinancials9.9%9.2%581.7K$559.3MAdded +7%Q4 20253$1,109est.$961.56−13%History
METAMeta Platforms, IncInformation technology9.2%9.2%915.7K$515.8MHeldQ3 20248$628.18est.$563.29−10%History
CRMSalesforce, IncInformation technology8.3%9.8%2.99M$469.1MHeldQ4 202215$176.98est.$156.66−11%History
TOSTToast, IncInformation technology7.0%6.0%14.13M$393.2MAdded +10%Q3 20254$33.63est.$27.82−17%History
KKRKKR & Co IncFinancials5.8%5.3%3.56M$326.6MAdded +8%Q1 20262$108.59est.$91.78−15%History
LLYVKLiberty Live Holdings, IncConsumer discretionary5.5%8.7%2.17M$309.0MTrimmed −39%Q3 20248$51.65est.$105.64+105%History
SPOTSpotify Technology S.ACommunication & media4.3%3.0%526.8K$241.9MAdded +47%Q1 20262$513.39est.$459.13−11%History
SSDSimpson Manufacturing Co., IncIndustrials3.1%4.2%830.6K$173.9MTrimmed −41%Q2 20255$157.68est.$209.35+33%History
RBLXRoblox CorpInformation technology3.0%5.8%3.15M$171.2MTrimmed −46%Q3 202312$58.83est.$54.38−8%History
CBRECBRE Group IncReal estate2.4%0.6%992.4K$133.7MAdded +323%Q2 20255$135.16est.$134.69−0%History
MDBMongoDB, IncInformation technology1.0%4.4%165.7K$55.7MTrimmed −84%Q2 20255$197.64est.$335.90+70%History
LYVLive Nation Entertainment, IncConsumer discretionary1.0%1.7%302.1K$55.3MTrimmed −52%Q3 20248$113.59est.$183.11+61%History
WIXWix.com LtdInformation technology0.8%1.6%1.10M$47.4MHeldQ1 20262$95.85est.$43.10−55%History
PAYPPayPay CorpIndustrials0.5%—2.15M$30.9MNewQ2 20261$14.33est.$14.330%History
III

Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost

How to Read This

Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.

above costbelow costwithin 5%
Portfolio MapVVisa IncAMZNAmazon.com IncRKTRocket Companies, IncBLKBlackRock, IncMETAMeta Platforms, IncCRMSalesforce, IncTOSTToast, IncKKRKKR & Co IncLLYVKLiberty Live Hold…SPOTSpotify Technolog…SSDSimpson Ma…RBLXRoblox Cor…CBREMDBLYVWIX
IV

Over Time

From Q2 2008, 73 quarters (this giant’s electronic 13F filings).

13F Value

13F Value$0$5.0B$10.0B$15.0BQ2 2008Q2 2010Q2 2012Q2 2014Q2 2016Q2 2018Q2 2020Q2 2022Q2 2024Q2 2026

Holdings

Holdings01020Q2 2008Q2 2010Q2 2012Q2 2014Q2 2016Q2 2018Q2 2020Q2 2022Q2 2024Q2 2026

Top-10 Concentration

Top-10 Concentration0%25%50%75%100%Q2 2008Q2 2010Q2 2012Q2 2014Q2 2016Q2 2018Q2 2020Q2 2022Q2 2024Q2 2026

Turnover (Est.)

Turnover0%10%20%Q2 2008Q2 2010Q2 2012Q2 2014Q2 2016Q2 2018Q2 2020Q2 2022Q2 2024Q2 2026

Sector Mix

Information technologyFinancialsCommunication & mediaConsumer discretionaryIndustrialsHealth careEnergyOther (incl. unclassified)
Sector Mix0%25%50%75%100%Q2 2008Q2 2010Q2 2012Q2 2014Q2 2016Q2 2018Q2 2020Q2 2022Q2 2024Q2 2026
V

Quarter by Quarter, with the Original Filings

* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.

Show 73 Quarters
QuarterHoldingsNewSold out13F valueTurnoverNet deploymentSEC
Q2 20261811$5.6B9.2%−5.6%13F-HR
Q1 20261831$5.7B15.8%−1.1%13F-HR
Q4 20251611$7.0B11.6%+16.9%13F-HR
Q3 20251613$5.9B10.6%+3.2%13F-HR
Q2 20251862$5.6B23.8%+5.3%13F-HR
Q1 20251420$4.6B10.5%+11.5%13F-HR
Q4 20241210$4.4B5.9%−10.7%13F-HR
Q3 20241165$4.4B20.2%+13.8%13F-HR 13F-HR/A
Q2 20241002$3.6B4.9%−15.9%13F-HR
Q1 20241213$4.5B3.0%−19.1%13F-HR
Q4 20231431$5.0B24.1%−11.2%13F-HR
Q3 20231241$4.5B3.7%−29.6%13F-HR
Q2 2023900$6.4B0.0%−1.1%13F-HR
Q1 2023911$6.1B12.9%−1.6%13F-HR
Q4 2022914$5.3B2.5%−17.8%13F-HR
Q3 20221204$5.9B4.7%+0.6%13F-HR
Q2 20221630$6.3B6.4%+4.0%13F-HR
Q1 20221310$7.3B1.3%−3.0%13F-HR
Q4 20211223$8.9B3.0%−9.2%13F-HR
Q3 20211311$8.6B6.4%−4.1%13F-HR
Q2 20211311$9.0B7.3%+3.0%13F-HR 13F-HR/A
Q1 20211342$8.6B2.4%−20.8%13F-HR
Q4 20201112$8.6B0.7%−8.3%13F-HR
Q3 202012110$7.1B0.4%−18.4%13F-HR
Q2 20202114$8.7B4.5%+7.5%13F-HR
Q1 20202442$7.0B2.6%+3.2%13F-HR
Q4 20192233$9.9B3.1%−7.4%13F-HR
Q3 20192223$9.3B6.3%−3.9%13F-HR
Q2 20192352$9.6B4.3%+2.5%13F-HR
Q1 20192012$9.1B1.8%−4.3%13F-HR
Q4 20182142$8.0B5.0%+4.5%13F-HR
Q3 20181942$10.2B5.4%−8.3%13F-HR
Q2 20181761$11.0B20.7%+2.5%13F-HR
Q1 20181212$10.0B12.6%+0.5%13F-HR
Q4 20171323$9.9B2.6%−15.1%13F-HR
Q3 20171401$10.0B10.5%−4.8%13F-HR
Q2 20171510$11.2B2.4%−6.4%13F-HR
Q1 20171411$11.9B7.7%−6.8%13F-HR
Q4 20161410$12.2B4.1%−4.2%13F-HR
Q3 20161301$11.5B8.3%−5.3%13F-HR
Q2 20161443$11.0B10.2%+14.9%13F-HR
Q1 20161323$10.0B9.0%−22.4%13F-HR
Q4 20151401$14.4B0.3%−15.2%13F-HR
Q3 20151510$17.2B0.8%−0.1%13F-HR
Q2 20151412$19.0B6.1%+3.0%13F-HR
Q1 20151521$18.1B2.5%+5.6%13F-HR
Q4 20141421$16.0B13.1%+3.5%13F-HR
Q3 20141323$14.9B3.6%+9.3%13F-HR
Q2 20141422$13.5B3.1%−0.9%13F-HR
Q1 20141420$13.2B1.9%+4.0%13F-HR
Q4 20131213$12.1B3.4%−2.8%13F-HR
Q3 20131433$11.1B1.3%+6.1%13F-HR
Q2 20131422$9.7B5.7%+7.4%13F-HR
Q1 20131444$8.8B18.0%−3.2%13F-HR
Q4 20121421$7.9B2.0%+3.4%13F-HR
Q3 20121303$7.1B2.5%−4.7%13F-HR
Q2 20121632$6.8B4.1%+13.3%13F-HR
Q1 20121532$6.5B9.2%−1.9%13F-HR
Q4 20111402$5.8B6.1%+1.5%13F-HR
Q3 20111626$5.1B12.6%+20.3%13F-HR
Q2 20112030$5.0B12.9%+15.7%13F-HR
Q1 20111740$4.2B11.9%−12.0%13F-HR
Q4 20101334$3.9B22.3%+5.4%13F-HR
Q3 20101432$3.3B9.8%+17.7%13F-HR
Q2 20101325$3.1B15.0%+6.6%13F-HR
Q1 20101620$2.8B5.6%−4.9%13F-HR
Q4 2009 *1433$2.5B10.5%−5.4%13F-HR
Q3 2009 *1434$2.6B15.0%−2.6%13F-HR
Q2 2009 *1576$2.2B7.9%+12.3%13F-HR
Q1 2009 *1443$1.6B1.9%−9.3%13F-HR
Q4 2008 *1315$2.2B1.4%−16.1%13F-HR
Q3 2008 *1711$3.5B9.3%−5.3%13F-HR
Q2 2008 *1700$3.7B——13F-HR
VI

Large Positions Sold Out

Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.

How to Read This

Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.

CompanyHeldPeak weightCompany since
DISWalt Disney CoQ4 2023 – Q2 202617%—
NSITInsight Enterprises IncQ1 2021 – Q1 202623%Still filing with the SEC
COOPMr. Cooper GroupQ2 2025 – Q4 20253%Bought after an earlier bankruptcy Sep 30, 2008
EXPEExpedia Group, IncQ4 2023 – Q3 202513%—
TOSTToast, IncQ3 2024 – Q2 202510%—
FISVFiserv IncQ4 2020 – Q3 202428%—
KKRKKR & Co IncQ2 2018 – Q3 202422%—
NYTNew York Times CoQ2 2022 – Q3 20248%—
SPOTSpotify Technology S.AQ1 2023 – Q3 20246%—
CBRECBRE Group IncQ3 2011 – Q2 202413%—
STXSeagate Technology Holdings plcQ2 2016 – Q1 202422%Still filing with the SEC
PAYCPaycom Software, IncQ4 2023 – Q1 20243%—
LKQLKQ CorpQ3 2019 – Q1 202313%—
CCitigroup IncQ4 2017 – Q4 202223%—
BLDTopbuild CorpQ1 2022 – Q4 20224%Still filing with the SEC
BHCBausch Health Companies IncQ4 2010 – Q3 202223%Still filing with the SEC
TRNTrinity Industries IncQ2 2016 – Q3 20228%Still filing with the SEC
SLMSLM CorpQ1 2018 – Q3 20226%—
MSMorgan StanleyQ2 2016 – Q1 202113%Still filing with the SEC
—Nikola CorpQ2 2020 – Q3 20209%Bankruptcy filing more than 2 years after the sale Feb 19, 2025
HEHawaiian Electric IndustriesQ3 2018 – Q3 20202%Still filing with the SEC
TSGStars Group IncQ2 2019 – Q2 20204%Still filing with the SEC
BFHBread Financial Holdings, IncQ1 2016 – Q1 202015%—
ACAArcosa, IncQ4 2018 – Q4 20192%Still filing with the SEC
AWIArmstrong World IndustriesQ2 2014 – Q2 20196%—
—Twenty-First Century Fox, IncQ2 2014 – Q3 201819%Acquired or delisted Apr 1, 2019
—KKR & Co. IncQ2 2017 – Q2 201810%Still filing with the SEC
MSFTMicrosoft CorpQ1 2013 – Q1 201831%—
BKRBaker Hughes CoQ4 2014 – Q4 201716%Still filing with the SEC
WTWWillis Towers Watson PLCQ1 2016 – Q4 20179%—
BIVVBioverativ IncQ1 2017 – Q4 20174%Acquired or delisted Mar 19, 2018
ALSNAllison Transmission Holdings IncQ3 2013 – Q1 20175%—
MSCIMSCI IncQ4 2012 – Q3 20163%—
MSIMotorola Solutions, IncQ1 2011 – Q2 201623%—
ADBEAdobe IncQ1 2011 – Q2 201616%—
AGUAgrium IncQ3 2014 – Q2 20166%Acquired or delisted Jan 12, 2018
HALHalliburton CoQ4 2014 – Q1 20169%Still filing with the SEC
—Willis Towers Watson PLCQ2 2010 – Q1 20168%Still filing with the SEC
AXPAmerican Express CoQ2 2015 – Q4 20155%—
COLCollins AerospaceQ2 2011 – Q1 201510%Acquired or delisted Dec 7, 2018