ValueAct Capital 13F holdings, Q4 2019
Holdings as of December 31, 2019 · filings on SEC EDGAR · latest filing →
ValueAct Capital disclosed 22 US equity positions worth $9.9bn in its Q4 2019 13F filing. The largest position was C at 21.9% of the reported book, followed by STX and KKR. Against the Q3 2019 filing, it opened 3 new positions, added to 5 and reduced 5 among the top 22 holdings.
What did ValueAct Capital own in Q4 2019? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2019 |
|---|---|---|---|---|---|---|---|
| 1 | C CITIGROUP INC | Financial Services | 21.9% | $2.2bn | 27,025,500 | -4% | reduced |
| 2 | STX SEAGATE TECHNOLOGY PLC | Technology | 19.0% | $1.9bn | 31,554,360 | 0% | held |
| 3 | KKR KKR & CO INC | Financial Services | 13.5% | $1.3bn | 45,784,200 | -5% | reduced |
| 4 | MS MORGAN STANLEY | Financial Services | 7.8% | $766.8m | 15,000,000 | -33% | reduced |
| 5 | CBRE CBRE GROUP INC | Real Estate | 6.3% | $626.7m | 10,225,592 | 0% | held |
| 6 | LKQ LKQ CORP | Consumer Cyclical | 6.0% | $590.2m | 16,532,718 | 3% | added |
| 7 | TRN TRINITY INDS INC | Industrials | 5.6% | $551.3m | 24,889,998 | 10% | added |
| 8 | BHC BAUSCH HEALTH COS INC | Healthcare | 5.4% | $536.5m | 17,931,594 | 0% | held |
| 9 | STARS GROUP INC | 3.6% | $355.6m | 13,630,000 | 0% | held | |
| 10 | SLM SLM CORP | Financial Services | 3.5% | $349.1m | 39,184,254 | 0% | held |
| 11 | STRA STRATEGIC ED INC | Consumer Defensive | 1.1% | $107.0m | 673,265 | 34% | added |
| 12 | HE HAWAIIAN ELEC INDUSTRIES | Utilities | 1.0% | $95.3m | 2,033,463 | 25% | added |
| 13 | FDX FEDEX CORP | Industrials | 0.9% | $89.2m | 590,000 | – | new |
| 14 | AES AES CORP | Utilities | 0.9% | $86.5m | 4,346,500 | 0% | held |
| 15 | ENVIVA PARTNERS LP | 0.8% | $78.5m | 2,104,261 | 0% | held | |
| 16 | VRRM VERRA MOBILITY CORP | Technology | 0.7% | $72.1m | 5,155,000 | – | new |
| 17 | LIND LINDBLAD EXPEDITIONS HLDGS I | Consumer Cyclical | 0.6% | $58.3m | 3,568,118 | 25% | added |
| 18 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 0.6% | $57.3m | 2,040,000 | -9% | reduced |
| 19 | BFH ALLIANCE DATA SYSTEMS CORP | Financial Services | 0.4% | $37.0m | 330,000 | -91% | reduced |
| 20 | UFI UNIFI INC | Consumer Cyclical | 0.4% | $35.8m | 1,417,054 | 0% | held |
| 21 | OUT OUTFRONT MEDIA INC | Real Estate | 0.1% | $10.0m | 372,400 | – | new |
| 22 | ARMSTRONG FLOORING INC | 0.1% | $5.2m | 1,222,756 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.