Insight into ValueAct Capital (Trades, Portfolio)'s Fourth Quarter 2024 13F Filing

• Warning! GuruFocus has detected 5 Warning Sign with CRM.

ValueAct Capital (Trades, Portfolio) recently submitted its 13F filing for the fourth quarter of 2024, offering a glimpse into its strategic investment decisions during this period. ValueAct Capital (Trades, Portfolio), a prominent investment firm with over two decades of experience, has made more than 100 core investments and its managers have served on 49 public company boards. The firm is known for its long-term investment philosophy, often holding positions for 3-5 years, and sometimes even a decade or more. According to its website, ValueAct Capital (Trades, Portfolio) emphasizes the importance of integrity, industry understanding, and consideration of social, ethical, and environmental issues in its investment approach. The firm values its relationships with portfolio companies and the institutional investor community, aiming to leave companies in a better position than when it first invests in them.

Summary of New Buy

ValueAct Capital (Trades, Portfolio) added a total of one stock to its portfolio during the fourth quarter of 2024. The most significant addition was Amazon.com Inc (NASDAQ:AMZN), with 536,900 shares, accounting for 2.68% of the portfolio and a total value of $117.79 million.

Key Position Increases

ValueAct Capital (Trades, Portfolio) also increased its stakes in one stock. The most notable increase was in Liberty Live Group (NASDAQ:LLYVK), with an additional 493,788 shares, bringing the total to 3,168,788 shares. This adjustment represents a significant 18.46% increase in share count, a 0.77% impact on the current portfolio, and a total value of $215.67 million.

Key Position Reduces

ValueAct Capital (Trades, Portfolio) reduced its position in 10 stocks, with the most significant changes including:

• Reduced Salesforce Inc (NYSE:CRM) by 4,930,109 shares, resulting in a -62.98% decrease in shares and a -16.24% impact on the portfolio. The stock traded at an average price of $319.91 during the quarter and has returned -1.69% over the past 3 months and -2.59% year-to-date.
• Reduced Insight Enterprises Inc (NASDAQ:NSIT) by 4,061,739 shares, resulting in a -50% reduction in shares and a -10.53% impact on the portfolio. The stock traded at an average price of $178.16 during the quarter and has returned 8.61% over the past 3 months and 8.99% year-to-date.

Portfolio Overview

At the end of the fourth quarter of 2024, ValueAct Capital (Trades, Portfolio)'s portfolio included 12 stocks. The top holdings were 22.08% in Salesforce Inc (NYSE:CRM), 16.66% in The Walt Disney Co (NYSE:DIS), 14.08% in Insight Enterprises Inc (NASDAQ:NSIT), 13.36% in Roblox Corp (NYSE:RBLX), and 8.56% in Expedia Group Inc (NASDAQ:EXPE).

The holdings are mainly concentrated in four of the 11 industries: Technology, Communication Services, Consumer Cyclical, and Financial Services.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.