13F filing recap · Q3 2025

What did ValueAct Capital buy in Q3 2025?

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

Stock value

$5.93B

Positions

Estimated turnover

24.2%

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 Toast and exited Ccc Intelligent Solutions Holdings, Expedia Group, and Redfin. It added to Meta Platforms, Visa, Rocket Companies, and Mongodb, while trimming Amazon, Roblox, Walt Disney, Liberty Media, Insight Enterprises, Simpson Manufacturing, Live Nation Entertainment, and Cbre Group.

New positions

TOSTToast, Inc.$124.03Mreported value+3.40M shares

Increased positions

METAMeta Platforms, Inc.$564.50Mreported value+145.3K shares+23.3%VVisa Inc.$534.55Mreported value+320.9K shares+25.8%RKTRocket Companies, Inc.$492.17Mreported value+10.27M shares+67.9%MDBMongodb, Inc.$367.19Mreported value+1.43M shares

Reduced positions

AMZNAmazon.com Inc$768.60Mreported value-372.0K shares-9.6%RBLXRoblox Corporation$593.31Mreported value-448.8K shares-9.5%DISWalt Disney Co/$502.88Mreported value-695.7K shares-13.7%LLYVKLiberty Media Corporation$340.94Mreported value-476.0K shares

Exited positions

RDFNRedfin Corporation$64.96Mprior reported value-5.81M shares-100.0%EXPEExpedia Group, Inc.$46.95Mprior reported value-278.4K shares-100.0%CCCCcc Intelligent Solutions Holdings Inc.$27.12Mprior reported value-2.88M shares-100.0%