ValueAct Holdings, L.P. 13F: Quarter-over-Quarter Portfolio Changes
ValueAct Holdings, L.P. reported a disclosed portfolio value of approximately $5.7 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 18.7% quarter on quarter. Over the quarter, the fund initiated 3 new positions, bought more shares in 2 holdings, trimmed 11 holdings, and exited 1 position.
ValueAct Holdings, L.P.'s top buy was a new stake in Kkr & CO INC (KKR) , equal to 5.3% of the disclosed portfolio. Its top sell was Disney Walt CO (DIS) . The fund sold 87.0% of its previously reported shares, reducing the position's portfolio weight by 4.3 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| KKR & CO INC | KKR | 5.3% | History → |
| SPOTIFY TECHNOLOGY S A | SPOT | 3.0% | Holders → |
| WIX COM LTD | WIX | 1.6% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
Top SellsQ1 2026
Showing the top 10 sells among 11 existing positions where the fund sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| DISNEY WALT CO | DIS | -4.3% | 87.0% | Holders → |
| ROCKET COS INC | RKT | -3.8% | 28.4% | History → |
| MONGODB INC | MDB | -4.0% | 26.2% | Holders → |
| LIVE NATION ENTERTAINMENT IN | LYV | -0.0% | 24.1% | Holders → |
| BLACKROCK INC | BLK | -1.4% | 21.4% | History → |
| AMAZON.COM | AMZN | -0.6% | 15.0% | History → |
| META PLATFORMS INC | META | -0.7% | 12.6% | History → |
| SIMPSON MFG INC | SSD | 0.8% | 5.0% | Holders → |
| ROBLOX CORP | RBLX | -1.1% | 2.1% | History → |
| LIBERTY LIVE HOLDINGS INC | LLYVA | 0.8% | 1.2% | Holders → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| INSIGHT ENTERPRISES INC | NSIT | 1.4% |
Net Portfolio Value ChangeQ1 2026
- $7.0BPrior quarter
- $5.7BCurrent quarter
- $-1.3BNet delta
- -18.7%% change
Methodology & FAQ
How ValueAct Holdings, L.P. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for ValueAct Holdings, L.P.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did ValueAct Holdings, L.P. buy in Q1 2026?
In Q1 2026, ValueAct Holdings, L.P. initiated 3 new positions (KKR & CO INC (KKR), SPOTIFY TECHNOLOGY S A (SPOT), WIX COM LTD (WIX)); bought more shares of TOAST INC (TOST), VISA (V).
What stocks did ValueAct Holdings, L.P. sell in Q1 2026?
In Q1 2026, ValueAct Holdings, L.P. fully sold 1 position (INSIGHT ENTERPRISES INC (NSIT)); reduced holdings in DISNEY WALT CO (DIS), ROCKET COS INC (RKT), MONGODB INC (MDB), LIVE NATION ENTERTAINMENT IN (LYV), BLACKROCK INC (BLK) — the largest 5 of 11 reductions.
Which positions did ValueAct Holdings, L.P. initiate in Q1 2026?
ValueAct Holdings, L.P. established 3 new positions in Q1 2026: KKR & CO INC (KKR, 5.3%), SPOTIFY TECHNOLOGY S A (SPOT, 3.0%), WIX COM LTD (WIX, 1.6%).
Which existing positions saw the largest allocation increases for ValueAct Holdings, L.P. in Q1 2026?
Of 2 existing positions with share-count increases in Q1 2026, the largest were: TOAST INC (TOST, +1.9% weight, +60.9% shares), VISA (V, +3.7% weight, +34.8% shares).
Which positions did ValueAct Holdings, L.P. fully exit in Q1 2026?
ValueAct Holdings, L.P. fully exited 1 position in Q1 2026: INSIGHT ENTERPRISES INC (NSIT, last-reported weight 1.4%).
Which existing positions saw the largest allocation reductions for ValueAct Holdings, L.P. in Q1 2026?
Of 11 existing positions with share-count reductions in Q1 2026, the largest were: DISNEY WALT CO (DIS, -4.3% weight, -87.0% shares), ROCKET COS INC (RKT, -3.8% weight, -28.4% shares), MONGODB INC (MDB, -4.0% weight, -26.2% shares), LIVE NATION ENTERTAINMENT IN (LYV, -0.0% weight, -24.1% shares), BLACKROCK INC (BLK, -1.4% weight, -21.4% shares), AMAZON.COM (AMZN, -0.6% weight, -15.0% shares), META PLATFORMS INC (META, -0.7% weight, -12.6% shares), SIMPSON MFG INC (SSD, 0.8% weight, -5.0% shares), ROBLOX CORP (RBLX, -1.1% weight, -2.1% shares), LIBERTY LIVE HOLDINGS INC (LLYVA, 0.8% weight, -1.2% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.