13F filing recap · Q1 2025

What did ValueAct Capital buy in Q1 2025?

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

Stock value

$4.58B

Positions

Estimated turnover

32.1%

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 Rocket Companies and Nu Holdings. It sharply increased its stakes in Meta Platforms and Visa, while also adding to Liberty Media Corporation. The firm trimmed Roblox, Expedia, Live Nation, and Toast, and slightly increased its Amazon position.

New positions

RKTRocket Companies, Inc.$81.21Mreported value+6.73M shares NUNu Holdings Ltd.$34.98Mreported value+3.42M shares

Increased positions

METAMeta Platforms, Inc.$584.93Mreported value+803.4K shares+379.8%VVisa Inc.$460.14Mreported value+939.4K shares+251.4%LLYVKLiberty Media Corporation$266.01Mreported value+735.1K shares+23.2%LLYVALiberty Media Corporation$111.53Mreported value+390.2K shares

Reduced positions

RBLXRoblox Corporation$510.91Mreported value-1.37M shares-13.5%EXPEExpedia Group, Inc.$187.79Mreported value-900.3K shares-44.6%LYVLive Nation Entertainment, Inc.$115.60Mreported value-176.2K shares-16.6%TOSTToast, Inc.$86.15Mreported value-5.95M shares