ValueAct Holdings portfolio holdings — 2025Q4

Holdings

Sorted by value · 2025Q3

Sector16 positions

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

12.96%

of portfolio

Number of shares

3,500,500 sh

Holdings current value

$768.60M

Avg closing price

$219.19

+14.3%

Last action

Trimmed 2.9%

2025Q4

Current $250.56

CRMSALESFORCE COM INC

Technology·Software - Application

11.59%

of portfolio

Number of shares

2,898,509 sh

Holdings current value

$686.95M

Avg closing price

$198.63

-8.3%

Last action

Added 3.4%

2025Q4

Current $182.14

RBLXROBLOX CORP

Communication Services·Electronic Gaming & Multimedia

10.01%

of portfolio

Number of shares

4,283,221 sh

Holdings current value

$593.31M

Avg closing price

$52.51

+14.9%

Last action

Added 65.3%

2025Q4

Current $60.34

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

9.52%

of portfolio

Number of shares

768,674 sh

Holdings current value

$564.50M

Avg closing price

$620.10

+11.0%

Last action

Added 57.1%

2025Q4

Current $688.55

VVISA INC

Financial Services·Credit Services

9.01%

of portfolio

Number of shares

1,565,850 sh

Holdings current value

$534.55M

Avg closing price

$333.22

-4.9%

Last action

Added 10.8%

2025Q4

Current $317.02

DISDISNEY WALT CO

Communication Services·Entertainment

8.48%

of portfolio

Number of shares

4,391,931 sh

Holdings current value

$502.88M

Avg closing price

$93.63

+13.5%

Last action

Trimmed 23.0%

2025Q4

Current $106.29

RKTROCKET COS INC

Financial Services·Mortgage Finance

8.30%

of portfolio

Number of shares

25,395,627 sh

Holdings current value

$492.17M

Avg closing price

$16.86

-1.4%

Last action

Added 122.6%

2025Q4

Current $16.63

MDBMONGODB INC

Technology·Software - Infrastructure

6.19%

of portfolio

Number of shares

2,118,200 sh

Holdings current value

$367.19M

Avg closing price

$185.29

+42.1%

Last action

Trimmed 25.1%

2025Q4

Current $263.38

LLYVK*LIBERTY MEDIA CORP DELTRK

5.75%

of portfolio

Number of shares

3,515,888 sh

Holdings current value

$340.94M

Avg closing price

$62.76

Last action

Exited

2025Q4

Current —

NSITINSIGHT ENTERPRISES INC

Technology·Electronics & Computer Distribution

4.34%

of portfolio

Number of shares

2,271,739 sh

Holdings current value

$257.64M

Avg closing price

$92.25

-17.2%

Last action

Trimmed 31.7%

2025Q4

Current $76.43

SSDSIMPSON MFG INC

Basic Materials·Lumber & Wood Production

3.41%

of portfolio

Number of shares

1,207,942 sh

Holdings current value

$202.28M

Avg closing price

$156.42

+12.7%

Last action

Added 28.0%

2025Q4

Current $176.27

07WAMR COOPER GROUP INC

3.22%

of portfolio

Number of shares

904,800 sh

Holdings current value

$190.72M

Avg closing price

$149.21

Last action

Exited

2025Q4

Current —

LLYVA*LIBERTY MEDIA CORP DELTRK

2.73%

of portfolio

Number of shares

1,719,548 sh

Holdings current value

$162.15M

Avg closing price

$61.08

Last action

Exited

2025Q4

Current —

TOSTTOAST INC

Technology·Software - Infrastructure

2.09%

of portfolio

Number of shares

3,397,200 sh

Holdings current value

$124.03M

Avg closing price

$33.28

-12.6%

Last action

Added

2025Q4

Current $29.08

LYVLIVE NATION ENTERTAINMENT IN

Communication Services·Entertainment

1.77%

of portfolio

Number of shares

640,866 sh

Holdings current value

$104.72M

Avg closing price

$117.48

+33.3%

Last action

Added 39.7%

2025Q4

Current $156.56

CBRECBRE GROUP INC

Real Estate·Real Estate Services

0.62%

of portfolio

Number of shares

234,591 sh

Holdings current value

$36.96M

Avg closing price

$29.29

+417.3%

Last action

Trimmed 60.2%

2025Q3

Current $151.51

Portfolio heatmap

Box size = % of portfolio · color = return since filing

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Communication Services4 pos$1.77B33.7%
Technology4 pos$1.44B27.4%
Financial Services2 pos$1.03B19.6%
Consumer Cyclical1 pos$768.6M14.7%
Basic Materials1 pos$202.3M3.9%
Real Estate1 pos$37.0M0.7%

(11.7% unclassified, excluded from %)

Holdings

Sorted by value · 2025Q3

Sector16 positions

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

12.96%

of portfolio

Number of shares

3,500,500 sh

Holdings current value

$768.60M

Avg closing price

$219.19

+14.3%

Last action

Trimmed 2.9%

2025Q4

Current $250.56

CRMSALESFORCE COM INC

Technology·Software - Application

11.59%

of portfolio

Number of shares

2,898,509 sh

Holdings current value

$686.95M

Avg closing price

$198.63

-8.3%

Last action

Added 3.4%

2025Q4

Current $182.14

RBLXROBLOX CORP

Communication Services·Electronic Gaming & Multimedia

10.01%

of portfolio

Number of shares

4,283,221 sh

Holdings current value

$593.31M

Avg closing price

$52.51

+14.9%

Last action

Added 65.3%

2025Q4

Current $60.34

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

9.52%

of portfolio

Number of shares

768,674 sh

Holdings current value

$564.50M

Avg closing price

$620.10

+11.0%

Last action

Added 57.1%

2025Q4

Current $688.55

VVISA INC

Financial Services·Credit Services

9.01%

of portfolio

Number of shares

1,565,850 sh

Holdings current value

$534.55M

Avg closing price

$333.22

-4.9%

Last action

Added 10.8%

2025Q4

Current $317.02

DISDISNEY WALT CO

Communication Services·Entertainment

8.48%

of portfolio

Number of shares

4,391,931 sh

Holdings current value

$502.88M

Avg closing price

$93.63

+13.5%

Last action

Trimmed 23.0%

2025Q4

Current $106.29

RKTROCKET COS INC

Financial Services·Mortgage Finance

8.30%

of portfolio

Number of shares

25,395,627 sh

Holdings current value

$492.17M

Avg closing price

$16.86

-1.4%

Last action

Added 122.6%

2025Q4

Current $16.63

MDBMONGODB INC

Technology·Software - Infrastructure

6.19%

of portfolio

Number of shares

2,118,200 sh

Holdings current value

$367.19M

Avg closing price

$185.29

+42.1%

Last action

Trimmed 25.1%

2025Q4

Current $263.38

LLYVK*LIBERTY MEDIA CORP DELTRK

5.75%

of portfolio

Number of shares

3,515,888 sh

Holdings current value

$340.94M

Avg closing price

$62.76

Last action

Exited

2025Q4

Current —

NSITINSIGHT ENTERPRISES INC

Technology·Electronics & Computer Distribution

4.34%

of portfolio

Number of shares

2,271,739 sh

Holdings current value

$257.64M

Avg closing price

$92.25

-17.2%

Last action

Trimmed 31.7%

2025Q4

Current $76.43

SSDSIMPSON MFG INC

Basic Materials·Lumber & Wood Production

3.41%

of portfolio

Number of shares

1,207,942 sh

Holdings current value

$202.28M

Avg closing price

$156.42

+12.7%

Last action

Added 28.0%

2025Q4

Current $176.27

07WAMR COOPER GROUP INC

3.22%

of portfolio

Number of shares

904,800 sh

Holdings current value

$190.72M

Avg closing price

$149.21

Last action

Exited

2025Q4

Current —

LLYVA*LIBERTY MEDIA CORP DELTRK

2.73%

of portfolio

Number of shares

1,719,548 sh

Holdings current value

$162.15M

Avg closing price

$61.08

Last action

Exited

2025Q4

Current —

TOSTTOAST INC

Technology·Software - Infrastructure

2.09%

of portfolio

Number of shares

3,397,200 sh

Holdings current value

$124.03M

Avg closing price

$33.28

-12.6%

Last action

Added

2025Q4

Current $29.08

LYVLIVE NATION ENTERTAINMENT IN

Communication Services·Entertainment

1.77%

of portfolio

Number of shares

640,866 sh

Holdings current value

$104.72M

Avg closing price

$117.48

+33.3%

Last action

Added 39.7%

2025Q4

Current $156.56

CBRECBRE GROUP INC

Real Estate·Real Estate Services

0.62%

of portfolio

Number of shares

234,591 sh

Holdings current value

$36.96M

Avg closing price

$29.29

+417.3%

Last action

Trimmed 60.2%

2025Q3

Current $151.51

Portfolio heatmap

Box size = % of portfolio · color = return since filing

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Communication Services4 pos$1.77B33.7%
Technology4 pos$1.44B27.4%
Financial Services2 pos$1.03B19.6%
Consumer Cyclical1 pos$768.6M14.7%
Basic Materials1 pos$202.3M3.9%
Real Estate1 pos$37.0M0.7%

(11.7% unclassified, excluded from %)