ValueAct Holdings, L.P.: 13F Holdings & AI Insights

CIK: 0001418814

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$5.7B

Reporting period: 2026-03-31 · Number of holdings: 18

ValueAct Holdings, L.P. disclosed 18 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.7B and a quarterly turnover rate of 45.1%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "V"

Personality snowflake

Concentration: 30.71
Portfolio Stability: 45.1
Momentum/Contrarian: 100
Sector conviction: 77.87
Diversification: 36
Sizing Uniformity: 93.64

ValueAct Holdings, L.P.'s disclosed holdings carry a Herfindahl concentration index of 0.077 — mathematically equivalent to about 13 equally-sized positions, close to its 18 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.64), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 3.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.

Recent moves

Trim DIS
-87.0%　-$311.6M
Trim MDB
-26.2%　-$336.4M
Trim RKT
-28.4%　-$360.3M
Add V
+34.8%　$97.5M
Add TOST
+60.9%　$57.2M
Add LLYVK
-1.2%　$35.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	V	Visa Inc-class A Shares	Stock-Financials	12.26%	+3.68%	+34.80%
2	AMZN	Amazon.com INC	Stock-Consumer Disc	10.52%	-0.63%	-15.02%
3	CRM	Salesforce INC	Stock-Tech	9.79%	-1.50%	—
4	BLK	Blackrock INC	Stock-Financials	9.19%	-1.40%	-21.42%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	9.17%	-0.68%	-12.62%
6	RKT	Rocket Cos Inc-class A	Stock-Financials	7.04%	-3.81%	-28.35%
7	TOST	Toast Inc-class A	Stock-Tech	5.98%	+1.93%	+60.89%
8	LLYVK	Liberty Live Holdings-c	Stock-Other	5.87%	+1.60%	-1.19%
9	RBLX	Roblox CORP -class A	Stock-Comm Services	5.79%	-1.10%	-2.13%
10	KKR	Kkr & Co INC	Stock-Financials	5.31%	+5.31%	NEW
11	MDB	Mongodb INC	Stock-Tech	4.45%	-3.95%	-26.23%
12	SSD	Simpson Manufacturing Co INC	Stock-Materials	4.20%	+0.82%	-5.03%
13	SPOT	Spotify Technology S.A.	Stock-Comm Services	3.04%	+3.04%	NEW
14	LLYVA	Liberty Live Holdings-a	Stock-Other	2.85%	+0.76%	-1.24%
15	LYV	Live Nation Entertainment In	Stock-Comm Services	1.67%	—	-24.11%
16	WIX	Wix.com Ltd.	Stock-Tech	1.65%	+1.65%	NEW
17	DIS	Walt Disney Co/the	Stock-Comm Services	0.68%	-4.30%	-87.00%
18	CBRE	Cbre Group INC - A	Stock-Real Estate	0.56%	+0.02%	—

Portfolio Performance

Performance for Q3 2026

+3.9%

Performance Last 4 Quarters

-8.8%

Based on 77% of reported portfolio value with available pricing

Stdev: +22.1%
Beta: +1.29
Alpha: -10.7%
Max Drawdown: -25.6%
Annualized Perf: +11.3%
Batting Avg vs S&P: +38.9%
Sortino: +1.08
Stutzer: +0.18
Treynor: +0.1
Sterling: +0.44
Calmar: +0.44
Information Ratio: -0.37
Tracking Error: +14.7%
Stdev Down: +12.1%
Winning Months %: +55.6%
Losing Months %: +44.4%
Best 12 Months: +57.4%
Worst 12 Months: -16.5%
Efficiency Ratio: +0.2
Sharpe: +0.59
Stdev Sectors: +12.4%
Skewness: +0.56
Kurtosis: +0.28
Upside Potential: +3.17

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	18	$5.7B	45	1V 2AMZN 3CRM Top holdings2026-03-31 1.V 2.AMZN 3.CRM 4.BLK 5.META 6.RKT 7.TOST 8.LLYVK 9.RBLX 10.KKR
2025-12-31	16	$7.0B	51	1CRM 2AMZN 3RKT Top holdings2025-12-31 1.CRM 2.AMZN 3.RKT 4.BLK 5.META 6.V 7.MDB 8.RBLX 9.DIS 10.LLYVK
2025-09-30	16	$5.9B	53	1AMZN 2CRM 3RBLX Top holdings2025-09-30 1.AMZN 2.CRM 3.RBLX 4.META 5.V 6.DIS 7.RKT 8.MDB 9.LLYVK* 10.NSIT
2025-06-30	18	$5.6B	0	1AMZN 2CRM 3DIS Top holdings2025-06-30 1.AMZN 2.CRM 3.DIS 4.RBLX 5.META 6.V 7.NSIT 8.LLYVK* 9.SSD 10.RKT
2025-03-31	14	$4.6B	100	1CRM 2DIS 3NSIT Top holdings2025-03-31 1.CRM 2.DIS 3.NSIT 4.META 5.RBLX 6.V 7.LLYVK* 8.EXPE 9.LYV 10.LLYVA*
2024-12-31	12	$4.4B	0	1CRM 2DIS 3NSIT Top holdings2024-12-31 1.CRM 2.DIS 3.NSIT 4.RBLX 5.EXPE 6.TOST 7.LLYVK* 8.LYV 9.META 10.V
2024-09-30	11	$4.4B	0	1CRM 2NSIT 3DIS Top holdings2024-09-30 1.CRM 2.NSIT 3.DIS 4.RBLX 5.TOST 6.EXPE 7.META 8.LYV 9.V 10.LLYVK*
2024-06-30	10	$3.6B	0	1CRM 2NSIT 3DIS Top holdings2024-06-30 1.CRM 2.NSIT 3.DIS 4.EXPE 5.SPOT 6.FISV 7.KKR 8.RBLX 9.NYT 10.FLUT
2024-03-31	12	$4.5B	0	1CRM 2NSIT 3DIS Top holdings2024-03-31 1.CRM 2.NSIT 3.DIS 4.FISV 5.EXPE 6.CBRE 7.SPOT 8.KKR 9.NYT 10.RBLX
2023-12-31	14	$5.0B	0	1CRM 2NSIT 3EXPE Top holdings2023-12-31 1.CRM 2.NSIT 3.EXPE 4.FISV 5.KKR 6.DIS 7.CBRE 8.SPOT 9.NYT 10.PAYC
2023-09-30	12	$4.5B	0	1FISV 2CRM 3KKR Top holdings2023-09-30 1.FISV 2.CRM 3.KKR 4.NSIT 5.STX 6.CBRE 7.NYT 8.SPOT 9.ILMN 10.RBLX
2023-06-30	9	$6.4B	0	1FISV 2KKR 3STX Top holdings2023-06-30 1.FISV 2.KKR 3.STX 4.CBRE 5.CRM 6.NSIT 7.NYT 8.SPOT 9.AMPSUSD
2023-03-31	9	$6.1B	0	1FISV 2KKR 3STX Top holdings2023-03-31 1.FISV 2.KKR 3.STX 4.CRM 5.CBRE 6.NSIT 7.NYT 8.SPOT 9.AMPSUSD
2022-12-31	9	$5.3B	0	1FISV 2KKR 3CBRE Top holdings2022-12-31 1.FISV 2.KKR 3.CBRE 4.STX 5.NSIT 6.NYT 7.LKQ 8.CRM 9.AMPSUSD
2022-09-30	12	$5.9B	0	1FISV 2KKR 3STX Top holdings2022-09-30 1.FISV 2.KKR 3.STX 4.CBRE 5.LKQ 6.C 7.NSIT 8.NYT 9.BLD 10.AMPSUSD
2022-06-30	16	$6.3B	0	1FISV 2KKR 3STX Top holdings2022-06-30 1.FISV 2.KKR 3.STX 4.CBRE 5.LKQ 6.C 7.NSIT 8.BLD 9.SLM 10.BHC
2022-03-31	13	$7.3B	0	1FISV 2KKR 3STX Top holdings2022-03-31 1.FISV 2.KKR 3.STX 4.CBRE 5.LKQ 6.C 7.NSIT 8.BHC 9.SLM 10.BLD
2021-12-31	12	$8.9B	0	1STX 2KKR 3FISV Top holdings2021-12-31 1.STX 2.KKR 3.FISV 4.LKQ 5.CBRE 6.C 7.BHC 8.NSIT 9.SLM 10.TRN
2021-09-30	13	$8.6B	0	1KKR 2STX 3FISV Top holdings2021-09-30 1.KKR 2.STX 3.FISV 4.LKQ 5.C 6.CBRE 7.BHC 8.TRN 9.NSIT 10.SLM
2021-06-30	12	$8.4B	0	1KKR 2STX 3C Top holdings2021-06-30 1.KKR 2.STX 3.C 4.LKQ 5.CBRE 6.BHC 7.SLM 8.TRN 9.NSIT 10.BLD
2021-03-31	13	$8.6B	20	1STX 2C 3KKR Top holdings2021-03-31 1.STX 2.C 3.KKR 4.LKQ 5.CBRE 6.TRN 7.BHC 8.SLM 9.NSIT 10.FISV
2020-12-31	11	$8.6B	22	1STX 2C 3KKR Top holdings2020-12-31 1.STX 2.C 3.KKR 4.LKQ 5.TRN 6.CBRE 7.MS 8.SLM 9.BHC 10.CDW
2020-09-30	12	$7.1B	28	1STX 2KKR 3C Top holdings2020-09-30 1.STX 2.KKR 3.C 4.LKQ 5.MS 6.TRN 7.CBRE 8.BHC 9.SLM 10.AOS
2020-06-30	21	$8.7B	32	1STX 2KKR 3C Top holdings2020-06-30 1.STX 2.KKR 3.C 4.654110 5.MS 6.TRN 7.LKQ 8.CBRE 9.BHC 10.SLM
2020-03-31	24	$7.0B	40	1STX 2C 3KKR Top holdings2020-03-31 1.STX 2.C 3.KKR 4.MS 5.LKQ 6.TRN 7.CBRE 8.AYAEUR 9.BHC 10.SLM
2019-12-31	22	$9.9B	21	1C 2STX 3KKR Top holdings2019-12-31 1.C 2.STX 3.KKR 4.MS 5.CBRE 6.LKQ 7.TRN 8.BHC 9.AYAEUR 10.SLM
2019-09-30	22	$9.3B	21	1C 2STX 3KKR Top holdings2019-09-30 1.C 2.STX 3.KKR 4.MS 5.CBRE 6.LKQ 7.BFH 8.TRN 9.BHC 10.SLM
2019-06-30	23	$9.6B	17	1C 2STX 3KKR Top holdings2019-06-30 1.C 2.STX 3.KKR 4.MS 5.CBRE 6.BFH 7.TRN 8.BHC 9.SLM 10.AYAEUR
2019-03-31	20	$9.1B	20	1C 2STX 3KKR Top holdings2019-03-31 1.C 2.STX 3.KKR 4.MS 5.BFH 6.CBRE 7.TRN 8.BHC 9.SLM 10.ACA
2018-12-31	21	$8.0B	31	1C 2STX 3MS Top holdings2018-12-31 1.C 2.STX 3.MS 4.KKR 5.CBRE 6.BFH 7.TRN 8.BHC 9.SLM 10.ACA
2018-09-30	19	$10.2B	30	1C 2BFH 3KKR Top holdings2018-09-30 1.C 2.BFH 3.KKR 4.STX 5.MS 6.CBRE 7.TRN 8.BHC 9.SLM 10.AWI
2018-06-30	17	$11.0B	41	1C 2BFH 3XXI Top holdings2018-06-30 1.C 2.BFH 3.XXI 4.STX 5.KKR 6.CBRE 7.MS 8.TRN 9.AWI 10.SLM
2018-03-31	12	$10.0B	31	1XXI 2STX 3BFH Top holdings2018-03-31 1.XXI 2.STX 3.BFH 4.C 5.KKR 6.MS 7.CBRE 8.TRN 9.AWI 10.VALE
2017-12-31	13	$9.9B	33	1XXI 2BFH 3CBRE Top holdings2017-12-31 1.XXI 2.BFH 3.CBRE 4.KKR 5.MS 6.STX 7.MSFT 8.TRN 9.AWI 10.VALE
2017-09-30	14	$10.0B	57	1XXI 2BFH 3BKR Top holdings2017-09-30 1.XXI 2.BFH 3.BKR 4.CBRE 5.KKR 6.MS 7.STX 8.MSFT 9.TRN 10.AWI
2017-06-30	15	$11.2B	13	1BKR 2BFH 3XXI Top holdings2017-06-30 1.BKR 2.BFH 3.XXI 4.CBRE 5.MSFT 6.WTW 7.MS 8.STX 9.TRN 10.09075E
2017-03-31	14	$11.9B	26	1BKR 2XXI 3MSFT Top holdings2017-03-31 1.BKR 2.XXI 3.MSFT 4.BFH 5.CBRE 6.WTW 7.MS 8.09075E 9.STX 10.AWI
2016-12-31	14	$12.2B	17	1MSFT 2BKR 3XXI Top holdings2016-12-31 1.MSFT 2.BKR 3.XXI 4.CBRE 5.BFH 6.MS 7.WTW 8.TRN 9.AWI 10.STX
2016-09-30	13	$11.5B	23	1MSFT 2BKR 3MS Top holdings2016-09-30 1.MSFT 2.BKR 3.MS 4.XXI 5.WTW 6.BFH 7.CBRE 8.ALSN 9.AWI 10.VALE
2016-06-30	14	$11.0B	41	1MSFT 2BKR 3XXI Top holdings2016-06-30 1.MSFT 2.BKR 3.XXI 4.WTW 5.MS 6.CBRE 7.BFH 8.ALSN 9.AWI 10.VALE
2016-03-31	13	$10.0B	55	1MSFT 2XXI 3BKR Top holdings2016-03-31 1.MSFT 2.XXI 3.BKR 4.CBRE 5.WTW 6.MSI 7.ALSN 8.AWI 9.VALE 10.MSCI
2015-12-31	14	$14.4B	23	1MSFT 2VALE 3ADBE Top holdings2015-12-31 1.MSFT 2.VALE 3.ADBE 4.XXI 5.MSI 6.CBRE 7.BKR 8.WTW 9.008916 10.HAL
2015-09-30	15	$17.2B	13	1MSFT 2VALE 3HAL Top holdings2015-09-30 1.MSFT 2.VALE 3.HAL 4.XXI 5.BKR 6.MSI 7.ADBE 8.CBRE 9.008916 10.AXP
2015-06-30	14	$19.0B	17	1VALE 2MSFT 3HAL Top holdings2015-06-30 1.VALE 2.MSFT 3.HAL 4.XXI 5.BKR 6.ADBE 7.CBRE 8.008916 9.MSI 10.WTW
2015-03-31	15	$18.1B	23	1VALE 2MSFT 3HAL Top holdings2015-03-31 1.VALE 2.MSFT 3.HAL 4.BKR 5.CBRE 6.ADBE 7.MSI 8.XXI 9.WTW 10.008916
2014-12-31	14	$16.0B	30	1MSFT 2VALE 3MSI Top holdings2014-12-31 1.MSFT 2.VALE 3.MSI 4.ADBE 5.XXI 6.CBRE 7.BKR 8.WTW 9.HAL 10.008916
2014-09-30	13	$14.9B	21	1MSFT 2VALE 3MSI Top holdings2014-09-30 1.MSFT 2.VALE 3.MSI 4.ADBE 5.CBRE 6.ROK 7.XXI 8.WTW 9.AWI 10.ALSN
2014-06-30	14	$13.5B	11	1MSFT 2VALE 3MSI Top holdings2014-06-30 1.MSFT 2.VALE 3.MSI 4.ADBE 5.CBRE 6.ROK 7.WTW 8.ALSN 9.MSCI 10.DRCEUR
2014-03-31	14	$13.2B	15	1MSFT 2VALE 3MSI Top holdings2014-03-31 1.MSFT 2.VALE 3.MSI 4.ADBE 5.ROK 6.CBRE 7.WTW 8.ALSN 9.MSCI 10.DRCEUR
2013-12-31	12	$12.1B	17	1MSFT 2VALE 3MSI Top holdings2013-12-31 1.MSFT 2.VALE 3.MSI 4.ADBE 5.ROK 6.CBRE 7.WTW 8.ALSN 9.MSFT 10.MSCI
2013-09-30	14	$11.1B	16	1MSFT 2VALE 3MSI Top holdings2013-09-30 1.MSFT 2.VALE 3.MSI 4.ADBE 5.ROK 6.WTW 7.CBRE 8.MSFT 9.CF 10.MSCI
2013-06-30	14	$9.7B	0	1MSFT 2MSI 3VALE Top holdings2013-06-30 1.MSFT 2.MSI 3.VALE 4.ADBE 5.CBRE 6.WTW 7.ROK 8.MSFT 9.MSCI 10.CF

Holding changes this quarter

ValueAct Holdings, L.P.'s most significant position changes for 2026-03-31: New buy: Kkr & Co INC (KKR); New buy: Spotify Technology S.A. (SPOT); Sold out: Insight Enterprises INC (NSIT); New buy: Wix.com Ltd. (WIX); Trim: Walt Disney Co/the (DIS) — shares -87.00%.

Position changes disclosed by ValueAct Holdings, L.P. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	V	Visa Inc-class A Shares	+3.7%	+34.80%	Add
2	TOST	Toast Inc-class A	+1.9%	+60.89%	Add
3	LLYVK	Liberty Live Holdings-c	+1.6%	-1.19%	Trim
4	SSD	Simpson Manufacturing Co INC	+0.8%	-5.03%	Trim
5	LLYVA	Liberty Live Holdings-a	+0.8%	-1.24%	Trim
6	CBRE	Cbre Group INC - A	0%	—	Unchanged
7	LYV	Live Nation Entertainment In	—	-24.11%	Trim
8	AMZN	Amazon.com INC	-0.6%	-15.02%	Trim
9	META	Meta Platforms Inc-class A	-0.7%	-12.62%	Trim
10	RBLX	Roblox CORP -class A	-1.1%	-2.13%	Trim
11	BLK	Blackrock INC	-1.4%	-21.42%	Trim
12	CRM	Salesforce INC	-1.5%	—	Unchanged
13	RKT	Rocket Cos Inc-class A	-3.8%	-28.35%	Trim
14	MDB	Mongodb INC	-4%	-26.23%	Trim
15	DIS	Walt Disney Co/the	-4.3%	-87.00%	Trim
16	KKR	Kkr & Co INC	—	NEW	New buy
17	SPOT	Spotify Technology S.A.	—	NEW	New buy
18	NSIT	Insight Enterprises INC	—	EXIT	Sold out
19	WIX	Wix.com Ltd.	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-15	Amendment	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-19	Amendment	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-15	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR
2016-09-30	2016-11-15	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-16	13F-HR	View on EDGAR
2015-12-31	2016-02-16	13F-HR	View on EDGAR
2015-09-30	2015-11-16	13F-HR	View on EDGAR
2015-06-30	2015-08-17	13F-HR	View on EDGAR
2015-03-31	2015-05-15	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-17	13F-HR	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR
2014-03-31	2014-05-14	13F-HR	View on EDGAR
2013-12-31	2014-02-14	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-15	13F-HR	View on EDGAR

FAQ

What is ValueAct Holdings, L.P. and what type of investor is it?

ValueAct Holdings, L.P. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $5.7B, spread across 18 disclosed positions.

What are ValueAct Holdings, L.P.'s largest equity positions?

Based on the latest 13F filing, ValueAct Holdings, L.P.'s top holdings by market value are: 1. Visa Inc-class A Shares (V) — $700.1M (12.3%) 2. Amazon.com INC (AMZN) — $600.8M (10.5%) 3. Salesforce INC (CRM) — $559.0M (9.8%) 4. Blackrock INC (BLK) — $525.2M (9.2%) 5. Meta Platforms Inc-class A (META) — $523.9M (9.2%)

What changes did ValueAct Holdings, L.P. make in its most recent portfolio filing?

In the latest reported quarter, ValueAct Holdings, L.P. made 17 notable position adjustments: 3 new positions were initiated, 2 existing holdings were added to, 11 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Kkr & Co INC (KKR); New buy: Spotify Technology S.A. (SPOT); Sold out: Insight Enterprises INC (NSIT); New buy: Wix.com Ltd. (WIX); Trim: Walt Disney Co/the (DIS) — shares -87.00%

What sectors does ValueAct Holdings, L.P. focus on?

ValueAct Holdings, L.P. is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 37.0% • Information Technology: 23.9% • Communication Services: 22.3% • Consumer Discretionary: 11.5% • Materials: 4.6% • Real Estate: 0.6%

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Total reported value

$175.7M

192 stks

2019-03-31

Stale — no recent filing

Concentration26.3

Portfolio Stability21.4

Sector conviction74.8

3 of the top 5 holdings overlap, including Meta Platforms Inc-class A

View detail

Cna Financial CORP

CIK 0000021175

Total reported value

$235.2M

15 stks

2026-03-31

Concentration32.2

Portfolio Stability78.6

Sector conviction43.9

2 of the top 5 holdings overlap, including Meta Platforms Inc-class A

View detail

ValueAct Holdings, L.P.: 13F Holdings & AI Insights

CIK: 0001418814

Momentum followerQuality / disciplined sizingSector-focused

Total reported value

$5.7B

Reporting period: 2026-03-31 · Number of holdings: 18

ValueAct Holdings, L.P. disclosed 18 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $5.7B and a quarterly turnover rate of 45.1%.

Browse other institutions with $1B to $10B AUM Browse other institutions starting with "V"

Personality snowflake

Concentration: 30.71
Portfolio Stability: 45.1
Momentum/Contrarian: 100
Sector conviction: 77.87
Diversification: 36
Sizing Uniformity: 93.64

Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.64), suggesting a disciplined, rules-based approach to how much capital goes into each idea.

Recent moves

Trim DIS
-87.0%　-$311.6M
Trim MDB
-26.2%　-$336.4M
Trim RKT
-28.4%　-$360.3M
Add V
+34.8%　$97.5M
Add TOST
+60.9%　$57.2M
Add LLYVK
-1.2%　$35.4M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	V	Visa Inc-class A Shares	Stock-Financials	12.26%	+3.68%	+34.80%
2	AMZN	Amazon.com INC	Stock-Consumer Disc	10.52%	-0.63%	-15.02%
3	CRM	Salesforce INC	Stock-Tech	9.79%	-1.50%	—
4	BLK	Blackrock INC	Stock-Financials	9.19%	-1.40%	-21.42%
5	META	Meta Platforms Inc-class A	Stock-Comm Services	9.17%	-0.68%	-12.62%
6	RKT	Rocket Cos Inc-class A	Stock-Financials	7.04%	-3.81%	-28.35%
7	TOST	Toast Inc-class A	Stock-Tech	5.98%	+1.93%	+60.89%
8	LLYVK	Liberty Live Holdings-c	Stock-Other	5.87%	+1.60%	-1.19%
9	RBLX	Roblox CORP -class A	Stock-Comm Services	5.79%	-1.10%	-2.13%
10	KKR	Kkr & Co INC	Stock-Financials	5.31%	+5.31%	NEW
11	MDB	Mongodb INC	Stock-Tech	4.45%	-3.95%	-26.23%
12	SSD	Simpson Manufacturing Co INC	Stock-Materials	4.20%	+0.82%	-5.03%
13	SPOT	Spotify Technology S.A.	Stock-Comm Services	3.04%	+3.04%	NEW
14	LLYVA	Liberty Live Holdings-a	Stock-Other	2.85%	+0.76%	-1.24%
15	LYV	Live Nation Entertainment In	Stock-Comm Services	1.67%	—	-24.11%
16	WIX	Wix.com Ltd.	Stock-Tech	1.65%	+1.65%	NEW
17	DIS	Walt Disney Co/the	Stock-Comm Services	0.68%	-4.30%	-87.00%
18	CBRE	Cbre Group INC - A	Stock-Real Estate	0.56%	+0.02%	—

Portfolio Performance

Performance for Q3 2026

+3.9%

Performance Last 4 Quarters

-8.8%

Based on 77% of reported portfolio value with available pricing

Stdev: +22.1%
Beta: +1.29
Alpha: -10.7%
Max Drawdown: -25.6%
Annualized Perf: +11.3%
Batting Avg vs S&P: +38.9%
Sortino: +1.08
Stutzer: +0.18
Treynor: +0.1
Sterling: +0.44
Calmar: +0.44
Information Ratio: -0.37
Tracking Error: +14.7%
Stdev Down: +12.1%
Winning Months %: +55.6%
Losing Months %: +44.4%
Best 12 Months: +57.4%
Worst 12 Months: -16.5%
Efficiency Ratio: +0.2
Sharpe: +0.59
Stdev Sectors: +12.4%
Skewness: +0.56
Kurtosis: +0.28
Upside Potential: +3.17

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	18	$5.7B	45	1V 2AMZN 3CRM Top holdings2026-03-31 1.V 2.AMZN 3.CRM 4.BLK 5.META 6.RKT 7.TOST 8.LLYVK 9.RBLX 10.KKR
2025-12-31	16	$7.0B	51	1CRM 2AMZN 3RKT Top holdings2025-12-31 1.CRM 2.AMZN 3.RKT 4.BLK 5.META 6.V 7.MDB 8.RBLX 9.DIS 10.LLYVK
2025-09-30	16	$5.9B	53	1AMZN 2CRM 3RBLX Top holdings2025-09-30 1.AMZN 2.CRM 3.RBLX 4.META 5.V 6.DIS 7.RKT 8.MDB 9.LLYVK* 10.NSIT
2025-06-30	18	$5.6B	0	1AMZN 2CRM 3DIS Top holdings2025-06-30 1.AMZN 2.CRM 3.DIS 4.RBLX 5.META 6.V 7.NSIT 8.LLYVK* 9.SSD 10.RKT
2025-03-31	14	$4.6B	100	1CRM 2DIS 3NSIT Top holdings2025-03-31 1.CRM 2.DIS 3.NSIT 4.META 5.RBLX 6.V 7.LLYVK* 8.EXPE 9.LYV 10.LLYVA*
2024-12-31	12	$4.4B	0	1CRM 2DIS 3NSIT Top holdings2024-12-31 1.CRM 2.DIS 3.NSIT 4.RBLX 5.EXPE 6.TOST 7.LLYVK* 8.LYV 9.META 10.V
2024-09-30	11	$4.4B	0	1CRM 2NSIT 3DIS Top holdings2024-09-30 1.CRM 2.NSIT 3.DIS 4.RBLX 5.TOST 6.EXPE 7.META 8.LYV 9.V 10.LLYVK*
2024-06-30	10	$3.6B	0	1CRM 2NSIT 3DIS Top holdings2024-06-30 1.CRM 2.NSIT 3.DIS 4.EXPE 5.SPOT 6.FISV 7.KKR 8.RBLX 9.NYT 10.FLUT
2024-03-31	12	$4.5B	0	1CRM 2NSIT 3DIS Top holdings2024-03-31 1.CRM 2.NSIT 3.DIS 4.FISV 5.EXPE 6.CBRE 7.SPOT 8.KKR 9.NYT 10.RBLX
2023-12-31	14	$5.0B	0	1CRM 2NSIT 3EXPE Top holdings2023-12-31 1.CRM 2.NSIT 3.EXPE 4.FISV 5.KKR 6.DIS 7.CBRE 8.SPOT 9.NYT 10.PAYC
2023-09-30	12	$4.5B	0	1FISV 2CRM 3KKR Top holdings2023-09-30 1.FISV 2.CRM 3.KKR 4.NSIT 5.STX 6.CBRE 7.NYT 8.SPOT 9.ILMN 10.RBLX
2023-06-30	9	$6.4B	0	1FISV 2KKR 3STX Top holdings2023-06-30 1.FISV 2.KKR 3.STX 4.CBRE 5.CRM 6.NSIT 7.NYT 8.SPOT 9.AMPSUSD
2023-03-31	9	$6.1B	0	1FISV 2KKR 3STX Top holdings2023-03-31 1.FISV 2.KKR 3.STX 4.CRM 5.CBRE 6.NSIT 7.NYT 8.SPOT 9.AMPSUSD
2022-12-31	9	$5.3B	0	1FISV 2KKR 3CBRE Top holdings2022-12-31 1.FISV 2.KKR 3.CBRE 4.STX 5.NSIT 6.NYT 7.LKQ 8.CRM 9.AMPSUSD
2022-09-30	12	$5.9B	0	1FISV 2KKR 3STX Top holdings2022-09-30 1.FISV 2.KKR 3.STX 4.CBRE 5.LKQ 6.C 7.NSIT 8.NYT 9.BLD 10.AMPSUSD
2022-06-30	16	$6.3B	0	1FISV 2KKR 3STX Top holdings2022-06-30 1.FISV 2.KKR 3.STX 4.CBRE 5.LKQ 6.C 7.NSIT 8.BLD 9.SLM 10.BHC
2022-03-31	13	$7.3B	0	1FISV 2KKR 3STX Top holdings2022-03-31 1.FISV 2.KKR 3.STX 4.CBRE 5.LKQ 6.C 7.NSIT 8.BHC 9.SLM 10.BLD
2021-12-31	12	$8.9B	0	1STX 2KKR 3FISV Top holdings2021-12-31 1.STX 2.KKR 3.FISV 4.LKQ 5.CBRE 6.C 7.BHC 8.NSIT 9.SLM 10.TRN
2021-09-30	13	$8.6B	0	1KKR 2STX 3FISV Top holdings2021-09-30 1.KKR 2.STX 3.FISV 4.LKQ 5.C 6.CBRE 7.BHC 8.TRN 9.NSIT 10.SLM
2021-06-30	12	$8.4B	0	1KKR 2STX 3C Top holdings2021-06-30 1.KKR 2.STX 3.C 4.LKQ 5.CBRE 6.BHC 7.SLM 8.TRN 9.NSIT 10.BLD
2021-03-31	13	$8.6B	20	1STX 2C 3KKR Top holdings2021-03-31 1.STX 2.C 3.KKR 4.LKQ 5.CBRE 6.TRN 7.BHC 8.SLM 9.NSIT 10.FISV
2020-12-31	11	$8.6B	22	1STX 2C 3KKR Top holdings2020-12-31 1.STX 2.C 3.KKR 4.LKQ 5.TRN 6.CBRE 7.MS 8.SLM 9.BHC 10.CDW
2020-09-30	12	$7.1B	28	1STX 2KKR 3C Top holdings2020-09-30 1.STX 2.KKR 3.C 4.LKQ 5.MS 6.TRN 7.CBRE 8.BHC 9.SLM 10.AOS
2020-06-30	21	$8.7B	32	1STX 2KKR 3C Top holdings2020-06-30 1.STX 2.KKR 3.C 4.654110 5.MS 6.TRN 7.LKQ 8.CBRE 9.BHC 10.SLM
2020-03-31	24	$7.0B	40	1STX 2C 3KKR Top holdings2020-03-31 1.STX 2.C 3.KKR 4.MS 5.LKQ 6.TRN 7.CBRE 8.AYAEUR 9.BHC 10.SLM
2019-12-31	22	$9.9B	21	1C 2STX 3KKR Top holdings2019-12-31 1.C 2.STX 3.KKR 4.MS 5.CBRE 6.LKQ 7.TRN 8.BHC 9.AYAEUR 10.SLM
2019-09-30	22	$9.3B	21	1C 2STX 3KKR Top holdings2019-09-30 1.C 2.STX 3.KKR 4.MS 5.CBRE 6.LKQ 7.BFH 8.TRN 9.BHC 10.SLM
2019-06-30	23	$9.6B	17	1C 2STX 3KKR Top holdings2019-06-30 1.C 2.STX 3.KKR 4.MS 5.CBRE 6.BFH 7.TRN 8.BHC 9.SLM 10.AYAEUR
2019-03-31	20	$9.1B	20	1C 2STX 3KKR Top holdings2019-03-31 1.C 2.STX 3.KKR 4.MS 5.BFH 6.CBRE 7.TRN 8.BHC 9.SLM 10.ACA
2018-12-31	21	$8.0B	31	1C 2STX 3MS Top holdings2018-12-31 1.C 2.STX 3.MS 4.KKR 5.CBRE 6.BFH 7.TRN 8.BHC 9.SLM 10.ACA
2018-09-30	19	$10.2B	30	1C 2BFH 3KKR Top holdings2018-09-30 1.C 2.BFH 3.KKR 4.STX 5.MS 6.CBRE 7.TRN 8.BHC 9.SLM 10.AWI
2018-06-30	17	$11.0B	41	1C 2BFH 3XXI Top holdings2018-06-30 1.C 2.BFH 3.XXI 4.STX 5.KKR 6.CBRE 7.MS 8.TRN 9.AWI 10.SLM
2018-03-31	12	$10.0B	31	1XXI 2STX 3BFH Top holdings2018-03-31 1.XXI 2.STX 3.BFH 4.C 5.KKR 6.MS 7.CBRE 8.TRN 9.AWI 10.VALE
2017-12-31	13	$9.9B	33	1XXI 2BFH 3CBRE Top holdings2017-12-31 1.XXI 2.BFH 3.CBRE 4.KKR 5.MS 6.STX 7.MSFT 8.TRN 9.AWI 10.VALE
2017-09-30	14	$10.0B	57	1XXI 2BFH 3BKR Top holdings2017-09-30 1.XXI 2.BFH 3.BKR 4.CBRE 5.KKR 6.MS 7.STX 8.MSFT 9.TRN 10.AWI
2017-06-30	15	$11.2B	13	1BKR 2BFH 3XXI Top holdings2017-06-30 1.BKR 2.BFH 3.XXI 4.CBRE 5.MSFT 6.WTW 7.MS 8.STX 9.TRN 10.09075E
2017-03-31	14	$11.9B	26	1BKR 2XXI 3MSFT Top holdings2017-03-31 1.BKR 2.XXI 3.MSFT 4.BFH 5.CBRE 6.WTW 7.MS 8.09075E 9.STX 10.AWI
2016-12-31	14	$12.2B	17	1MSFT 2BKR 3XXI Top holdings2016-12-31 1.MSFT 2.BKR 3.XXI 4.CBRE 5.BFH 6.MS 7.WTW 8.TRN 9.AWI 10.STX
2016-09-30	13	$11.5B	23	1MSFT 2BKR 3MS Top holdings2016-09-30 1.MSFT 2.BKR 3.MS 4.XXI 5.WTW 6.BFH 7.CBRE 8.ALSN 9.AWI 10.VALE
2016-06-30	14	$11.0B	41	1MSFT 2BKR 3XXI Top holdings2016-06-30 1.MSFT 2.BKR 3.XXI 4.WTW 5.MS 6.CBRE 7.BFH 8.ALSN 9.AWI 10.VALE
2016-03-31	13	$10.0B	55	1MSFT 2XXI 3BKR Top holdings2016-03-31 1.MSFT 2.XXI 3.BKR 4.CBRE 5.WTW 6.MSI 7.ALSN 8.AWI 9.VALE 10.MSCI
2015-12-31	14	$14.4B	23	1MSFT 2VALE 3ADBE Top holdings2015-12-31 1.MSFT 2.VALE 3.ADBE 4.XXI 5.MSI 6.CBRE 7.BKR 8.WTW 9.008916 10.HAL
2015-09-30	15	$17.2B	13	1MSFT 2VALE 3HAL Top holdings2015-09-30 1.MSFT 2.VALE 3.HAL 4.XXI 5.BKR 6.MSI 7.ADBE 8.CBRE 9.008916 10.AXP
2015-06-30	14	$19.0B	17	1VALE 2MSFT 3HAL Top holdings2015-06-30 1.VALE 2.MSFT 3.HAL 4.XXI 5.BKR 6.ADBE 7.CBRE 8.008916 9.MSI 10.WTW
2015-03-31	15	$18.1B	23	1VALE 2MSFT 3HAL Top holdings2015-03-31 1.VALE 2.MSFT 3.HAL 4.BKR 5.CBRE 6.ADBE 7.MSI 8.XXI 9.WTW 10.008916
2014-12-31	14	$16.0B	30	1MSFT 2VALE 3MSI Top holdings2014-12-31 1.MSFT 2.VALE 3.MSI 4.ADBE 5.XXI 6.CBRE 7.BKR 8.WTW 9.HAL 10.008916
2014-09-30	13	$14.9B	21	1MSFT 2VALE 3MSI Top holdings2014-09-30 1.MSFT 2.VALE 3.MSI 4.ADBE 5.CBRE 6.ROK 7.XXI 8.WTW 9.AWI 10.ALSN
2014-06-30	14	$13.5B	11	1MSFT 2VALE 3MSI Top holdings2014-06-30 1.MSFT 2.VALE 3.MSI 4.ADBE 5.CBRE 6.ROK 7.WTW 8.ALSN 9.MSCI 10.DRCEUR
2014-03-31	14	$13.2B	15	1MSFT 2VALE 3MSI Top holdings2014-03-31 1.MSFT 2.VALE 3.MSI 4.ADBE 5.ROK 6.CBRE 7.WTW 8.ALSN 9.MSCI 10.DRCEUR
2013-12-31	12	$12.1B	17	1MSFT 2VALE 3MSI Top holdings2013-12-31 1.MSFT 2.VALE 3.MSI 4.ADBE 5.ROK 6.CBRE 7.WTW 8.ALSN 9.MSFT 10.MSCI
2013-09-30	14	$11.1B	16	1MSFT 2VALE 3MSI Top holdings2013-09-30 1.MSFT 2.VALE 3.MSI 4.ADBE 5.ROK 6.WTW 7.CBRE 8.MSFT 9.CF 10.MSCI
2013-06-30	14	$9.7B	0	1MSFT 2MSI 3VALE Top holdings2013-06-30 1.MSFT 2.MSI 3.VALE 4.ADBE 5.CBRE 6.WTW 7.ROK 8.MSFT 9.MSCI 10.CF

Holding changes this quarter

Position changes disclosed by ValueAct Holdings, L.P. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	V	Visa Inc-class A Shares	+3.7%	+34.80%	Add
2	TOST	Toast Inc-class A	+1.9%	+60.89%	Add
3	LLYVK	Liberty Live Holdings-c	+1.6%	-1.19%	Trim
4	SSD	Simpson Manufacturing Co INC	+0.8%	-5.03%	Trim
5	LLYVA	Liberty Live Holdings-a	+0.8%	-1.24%	Trim
6	CBRE	Cbre Group INC - A	0%	—	Unchanged
7	LYV	Live Nation Entertainment In	—	-24.11%	Trim
8	AMZN	Amazon.com INC	-0.6%	-15.02%	Trim
9	META	Meta Platforms Inc-class A	-0.7%	-12.62%	Trim
10	RBLX	Roblox CORP -class A	-1.1%	-2.13%	Trim
11	BLK	Blackrock INC	-1.4%	-21.42%	Trim
12	CRM	Salesforce INC	-1.5%	—	Unchanged
13	RKT	Rocket Cos Inc-class A	-3.8%	-28.35%	Trim
14	MDB	Mongodb INC	-4%	-26.23%	Trim
15	DIS	Walt Disney Co/the	-4.3%	-87.00%	Trim
16	KKR	Kkr & Co INC	—	NEW	New buy
17	SPOT	Spotify Technology S.A.	—	NEW	New buy
18	NSIT	Insight Enterprises INC	—	EXIT	Sold out
19	WIX	Wix.com Ltd.	—	NEW	New buy

Filing History

Period	Filed	Type	EDGAR
2026-03-31	2026-05-15	13F-HR	View on EDGAR
2025-12-31	2026-02-17	13F-HR	View on EDGAR
2025-09-30	2025-11-14	13F-HR	View on EDGAR
2025-06-30	2025-08-14	13F-HR	View on EDGAR
2025-03-31	2025-05-15	13F-HR	View on EDGAR
2024-12-31	2025-02-14	13F-HR	View on EDGAR
2024-09-30	2024-11-15	Amendment	View on EDGAR
2024-09-30	2024-11-14	13F-HR	View on EDGAR
2024-06-30	2024-08-14	13F-HR	View on EDGAR
2024-03-31	2024-05-15	13F-HR	View on EDGAR
2023-12-31	2024-02-14	13F-HR	View on EDGAR
2023-09-30	2023-11-14	13F-HR	View on EDGAR
2023-06-30	2023-08-14	13F-HR	View on EDGAR
2023-03-31	2023-05-15	13F-HR	View on EDGAR
2022-12-31	2023-02-14	13F-HR	View on EDGAR
2022-09-30	2022-11-14	13F-HR	View on EDGAR
2022-06-30	2022-08-15	13F-HR	View on EDGAR
2022-03-31	2022-05-16	13F-HR	View on EDGAR
2021-12-31	2022-02-14	13F-HR	View on EDGAR
2021-09-30	2021-11-15	13F-HR	View on EDGAR
2021-06-30	2021-08-19	Amendment	View on EDGAR
2021-06-30	2021-08-16	13F-HR	View on EDGAR
2021-03-31	2021-05-17	13F-HR	View on EDGAR
2020-12-31	2021-02-16	13F-HR	View on EDGAR
2020-09-30	2020-11-16	13F-HR	View on EDGAR
2020-06-30	2020-08-14	13F-HR	View on EDGAR
2020-03-31	2020-05-15	13F-HR	View on EDGAR
2019-12-31	2020-02-14	13F-HR	View on EDGAR
2019-09-30	2019-11-14	13F-HR	View on EDGAR
2019-06-30	2019-08-14	13F-HR	View on EDGAR
2019-03-31	2019-05-15	13F-HR	View on EDGAR
2018-12-31	2019-02-14	13F-HR	View on EDGAR
2018-09-30	2018-11-14	13F-HR	View on EDGAR
2018-06-30	2018-08-14	13F-HR	View on EDGAR
2018-03-31	2018-05-15	13F-HR	View on EDGAR
2017-12-31	2018-02-15	13F-HR	View on EDGAR
2017-09-30	2017-11-14	13F-HR	View on EDGAR
2017-06-30	2017-08-14	13F-HR	View on EDGAR
2017-03-31	2017-05-15	13F-HR	View on EDGAR
2016-12-31	2017-02-14	13F-HR	View on EDGAR
2016-09-30	2016-11-15	13F-HR	View on EDGAR
2016-06-30	2016-08-15	13F-HR	View on EDGAR
2016-03-31	2016-05-16	13F-HR	View on EDGAR
2015-12-31	2016-02-16	13F-HR	View on EDGAR
2015-09-30	2015-11-16	13F-HR	View on EDGAR
2015-06-30	2015-08-17	13F-HR	View on EDGAR
2015-03-31	2015-05-15	13F-HR	View on EDGAR
2014-12-31	2015-02-17	13F-HR	View on EDGAR
2014-09-30	2014-11-17	13F-HR	View on EDGAR
2014-06-30	2014-08-14	13F-HR	View on EDGAR
2014-03-31	2014-05-14	13F-HR	View on EDGAR
2013-12-31	2014-02-14	13F-HR	View on EDGAR
2013-09-30	2013-11-14	13F-HR	View on EDGAR
2013-06-30	2013-08-15	13F-HR	View on EDGAR