ValueAct Capital 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
ValueAct Capital disclosed 24 US equity positions worth $7.0bn in its Q1 2020 13F filing. The largest position was STX at 22.1% of the reported book, followed by C and KKR. Against the Q4 2019 filing, it opened 4 new positions, added to 8 and reduced 4 among the top 24 holdings.
What did ValueAct Capital own in Q1 2020? Top 24 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | STX SEAGATE TECHNOLOGY PLC | Technology | 22.1% | $1.5bn | 31,554,360 | 0% | held |
| 2 | C CITIGROUP INC | Financial Services | 16.3% | $1.1bn | 27,025,500 | 0% | held |
| 3 | KKR KKR & CO INC | Financial Services | 15.2% | $1.1bn | 45,000,000 | -2% | reduced |
| 4 | MS MORGAN STANLEY | Financial Services | 7.0% | $484.5m | 14,250,000 | -5% | reduced |
| 5 | LKQ LKQ CORP | Consumer Cyclical | 6.3% | $441.9m | 21,547,746 | 30% | added |
| 6 | TRN TRINITY INDS INC | Industrials | 6.2% | $434.0m | 27,005,855 | 9% | added |
| 7 | CBRE CBRE GROUP INC | Real Estate | 5.5% | $385.6m | 10,225,592 | 0% | held |
| 8 | STARS GROUP INC | 4.0% | $278.3m | 13,630,000 | 0% | held | |
| 9 | BHC BAUSCH HEALTH COS INC | Healthcare | 4.0% | $277.9m | 17,931,594 | 0% | held |
| 10 | SLM SLM CORP | Financial Services | 3.3% | $232.2m | 32,294,254 | -18% | reduced |
| 11 | HE HAWAIIAN ELEC INDUSTRIES | Utilities | 2.0% | $139.8m | 3,246,668 | 60% | added |
| 12 | STRA STRATEGIC ED INC | Consumer Defensive | 1.3% | $90.8m | 650,000 | -3% | reduced |
| 13 | AOS SMITH A O CORP | Industrials | 1.1% | $79.1m | 2,092,510 | – | new |
| 14 | BP BP PLC | Energy | 1.0% | $67.6m | 2,772,000 | – | new |
| 15 | ENVIVA PARTNERS LP | 1.0% | $67.5m | 2,527,175 | 20% | added | |
| 16 | AES AES CORP | Utilities | 0.8% | $59.1m | 4,346,500 | 0% | held |
| 17 | DAR DARLING INGREDIENTS INC | Consumer Defensive | 0.7% | $50.6m | 2,640,000 | 29% | added |
| 18 | OUT OUTFRONT MEDIA INC | Real Estate | 0.7% | $46.2m | 3,427,200 | 820% | added |
| 19 | VRRM VERRA MOBILITY CORP | Technology | 0.6% | $42.2m | 5,905,000 | 15% | added |
| 20 | LIND LINDBLAD EXPEDITIONS HLDGS I | Consumer Cyclical | 0.3% | $20.5m | 4,923,247 | 38% | added |
| 21 | UFI UNIFI INC | Consumer Cyclical | 0.2% | $16.4m | 1,417,054 | 0% | held |
| 22 | CMCSA COMCAST CORP NEW | Communication Services | 0.2% | $11.3m | 328,000 | – | new |
| 23 | ARMSTRONG FLOORING INC | 0.0% | $1.7m | 1,222,756 | 0% | held | |
| 24 | HD SUPPLY HLDGS INC | 0.0% | $711.0k | 25,000 | – | new |
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.