13F filing recap · Q4 2024

What did ValueAct Capital buy in Q4 2024?

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

Stock value

$4.39B

Positions

Estimated turnover

24.9%

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 a new position in Amazon.com. It trimmed Salesforce, Walt Disney, and Expedia Group, and substantially reduced its stake in Toast. The firm sharply increased its Liberty Media Corporation position and also added to another Liberty Media Corporation listing, while slightly increasing its Live Nation Entertainment holding.

New positions

AMZNAmazon.com Inc$117.79Mreported value+536.9K shares

Increased positions

LLYVKLiberty Media Corporation$215.67Mreported value+1.83M shares+136.9%LYVLive Nation Entertainment, Inc.$137.46Mreported value+46.8K shares+4.6%LLYVALiberty Media Corporation$84.43Mreported value+596.6K shares+88.8%

Reduced positions

CRMSalesforce, Inc.$969.06Mreported value-1.02M shares-26.0%DISWalt Disney Co/$731.13Mreported value-898.8K shares-12.0%EXPEExpedia Group, Inc.$375.90Mreported value-590.2K shares-22.6%TOSTToast, Inc.$311.60Mreported value-6.93M shares