13F filing recap · Q3 2024

What did ValueAct Capital buy in Q3 2024?

Reported stock-position changes between this filing and the previous one.

Stock value

$4.37B

Positions

Estimated turnover

52.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

ValueAct Capital opened new positions in Toast, Meta Platforms, Live Nation Entertainment, Visa, and Liberty Media Corporation. The firm exited Fiserv, KKR, The New York Times Company, Flutter Entertainment, and Spotify Technology. It added to Walt Disney and dramatically increased its Roblox stake, while trimming Expedia Group.

New positions

TOSTToast, Inc.$438.30Mreported value+15.48M shares METAMeta Platforms, Inc.$121.07Mreported value+211.5K shares LYVLive Nation Entertainment, Inc.$111.09Mreported value+1.01M shares VVisa Inc.$102.72Mreported value+373.6K shares LLYVKLiberty Media Corporation$68.65Mreported value+1.34M shares LLYVALiberty Media Corporation$33.26Mreported value+671.8K shares

Increased positions

DISWalt Disney Co/$718.04Mreported value+1.33M shares+21.7%RBLXRoblox Corporation$448.62Mreported value+7.84M shares+340.7%

Reduced positions

EXPEExpedia Group, Inc.$385.98Mreported value-807.0K shares-23.6%

Exited positions

SPOTSpotify Technology S.a.$212.30Mprior reported value-676.6K shares-100.0%FISVFiserv Inc$164.50Mprior reported value-1.10M shares-100.0%KKRKkr & Co. Inc.$127.05Mprior reported value-1.21M shares-100.0%NYTThe New York Times Company$68.85Mprior reported value-1.34M shares