13F filing recap · Q1 2026

What did ValueAct Capital buy in Q1 2026?

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

Stock value

$5.71B

Positions

Estimated turnover

29.4%

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 KKR, Spotify Technology, and Wix.com, and exited Insight Enterprises entirely. The firm added to Visa and substantially increased its Toast stake, while trimming Amazon, BlackRock, Meta Platforms, Rocket Companies, MongoDB, and Live Nation. It also sharply reduced its Walt Disney position and made slight decreases in Liberty Live Holdings, Roblox, and Simpson Manufacturing.

New positions

KKRKkr & Co. Inc.$303.37Mreported value+3.28M shares SPOTSpotify Technology S.a.$173.84Mreported value+358.5K shares WIXWix.com Ltd.$94.07Mreported value+1.10M shares

Increased positions

VVisa Inc.$700.06Mreported value+598.0K shares+34.8%TOSTToast, Inc.$341.86Mreported value+4.88M shares+60.9%

Reduced positions

AMZNAmazon.com Inc$600.78Mreported value-509.7K shares-15.0%BLKBlackrock, Inc.$525.19Mreported value-148.9K shares-21.4%METAMeta Platforms, Inc.$523.88Mreported value-132.3K shares-12.6%RKTRocket Companies, Inc.$402.06Mreported value-11.17M shares

Exited positions

NSITInsight Enterprises, Inc.$99.12Mprior reported value-1.22M shares-100.0%