ValueAct Capital's Third Quarter Strategies for 2025

ValueAct Capital Announces Third Quarter Investment Moves

ValueAct Capital has submitted its 13F filing for the third quarter of 2025. With over twenty years of experience, ValueAct Capital has established a strong presence in the investment world, providing significant insights into its strategic investment decisions during this period. Known for managing more than 100 core investments and holding board memberships in 49 public companies, the firm stands out with its long-term investment philosophy, often preferring to hold its investments for three to five years.

ValueAct Capital emphasizes integrity, industry understanding, and social, ethical, and environmental issues in its investment approach. The firm places great importance on its relationships with portfolio companies and the institutional investor community, aiming to position the companies it invests in for better success.

This quarter, ValueAct Capital made only one addition to its portfolio:

The most significant addition was Toast Inc (NYSE:TOST); with 3,397,200 shares making up 2.09% of the portfolio, this stock is valued at a total of 124.03 million USD.

The firm also increased its stakes in a total of four stocks, making noteworthy adjustments:

MongoDB Inc (NASDAQ:MDB) saw its share count increase by 1,427,700 to a total of 2,118,200 shares. This increase represents a significant 206.76% rise in shares and contributed 4.17% to the portfolio, with a total value of 367,192,780 USD.

Another major increase occurred with Rocket Companies Inc (NYSE:RKT), where the share count increased by 10,270,018 to a total of 25,395,627 shares, valued at 492,167,250 USD.

According to the third-quarter results for 2025, ValueAct Capital exited all positions in three stocks:

- Redfin Corp (RDFN): Entire 5,805,600 shares sold. Impact on portfolio -1.16%.
- Expedia Group Inc (NASDAQ:EXPE): Entire 278,356 shares liquidated. Impact on portfolio -0.84%.

The firm also reduced positions in nine stocks. The most notable changes were:

- The Walt Disney Co (NYSE:DIS): Share count reduced by 695,700, resulting in a -13.67% decrease. This resulted in a -1.54% impact on the portfolio.
- Amazon.com Inc (NASDAQ:AMZN): Share count reduced by 372,000, showing a -9.61% decrease. This led to a -1.46% impact on the portfolio. The stock traded at an average price of 226.35 USD during the quarter, providing a return of 1.61% over the last three months and 6.97% year-to-date.

As of the third quarter of 2025, ValueAct Capital's portfolio contained a total of 16 stocks. The largest holdings were:

• Amazon.com Inc (NASDAQ:AMZN): 12.96%
• Salesforce Inc (NYSE:CRM): 11.59%
• Roblox Corp (NYSE:RBLX): 10.01%
• Meta Platforms Inc (NASDAQ:META): 9.52%
• Visa Inc (NYSE:V): 9.01%

The investments are concentrated in six out of eleven sectors: Communication Services, Technology, Financial Services, Consumer Discretionary, Basic Materials, and Real Estate.