ValueAct Holdings LP
The positions ValueAct Holdings LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- Paypay Corp (PAYP)$31m · 0.5%
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- Disney Walt Co$39m held before
Every reported position, Q2 2026
18 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
Visa Inc (V) COM CL A · CUSIP 92826C839 | 14% | $795m | 2,316,250 | +$95m 0 shares | Held |
Amazon Com Inc (AMZN) COM · CUSIP 023135106 | 12% | $701m | 2,941,700 | +$100m +57,100 shares | Added |
Rocket Cos Inc COM CL A · CUSIP 77311W101 | 12% | $656m | 41,668,774 | +$254m +13,454,050 shares | Added |
Blackrock Inc (BLK) COM · CUSIP 09290D101 | 9.9% | $559m | 581,700 | +$34m +35,600 shares | Added |
Meta Platforms Inc (META) CL A · CUSIP 30303M102 | 9.2% | $516m | 915,674 | -$8.1m 0 shares | Held |
Salesforce Inc (CRM) COM · CUSIP 79466L302 | 8.3% | $469m | 2,994,509 | -$90m 0 shares | Held |
Toast Inc (TOST) CL A · CUSIP 888787108 | 7.0% | $393m | 14,134,038 | +$51m +1,238,600 shares | Added |
KKR & Co Inc COM · CUSIP 48251W104 | 5.8% | $327m | 3,558,200 | +$23m +278,500 shares | Added |
Spotify Technology S A (SPOT) SHS · CUSIP L8681T102 | 4.3% | $242m | 526,800 | +$68m +168,300 shares | Added |
Liberty Live Holdings Inc COM SHS SER C · CUSIP 530909308 | 4.1% | $230m | 2,172,388 | -$106m -1,388,820 shares | Trimmed |
Simpson MFG Inc COM · CUSIP 829073105 | 3.1% | $174m | 830,642 | -$66m -567,400 shares | Trimmed |
Roblox Corp (RBLX) CL A · CUSIP 771049103 | 3.0% | $171m | 3,147,421 | -$160m -2,701,200 shares | Trimmed |
Cbre Group Inc (CBRE) CL A · CUSIP 12504L109 | 2.4% | $134m | 992,391 | +$102m +757,800 shares | Added |
Liberty Live Holdings Inc COM SER A · CUSIP 530909100 | 1.4% | $80m | 785,119 | -$83m -991,956 shares | Trimmed |
Mongodb Inc (MDB) CL A · CUSIP 60937P106 | 1.0% | $56m | 165,700 | -$198m -872,100 shares | Trimmed |
Live Nation Entertainment In COM · CUSIP 538034109 | 1.0% | $55m | 302,066 | -$40m -322,600 shares | Trimmed |
Wix Com LTD (WIX) SHS · CUSIP M98068105 | 0.8% | $47m | 1,099,370 | -$47m 0 shares | Held |
Paypay Corp (PAYP) SPONSORED ADS · CUSIP 70450C101 | 0.5% | $31m | 2,154,800 | No earlier filing | New |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $5.6bn | 18 | 87% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $5.7bn | 18 | 81% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 17 Feb 2026 | $7.0bn | 16 | 87% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $5.9bn | 16 | 86% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $5.6bn | 18 | 86% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $4.6bn | 14 | 93% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 14 Feb 2025 | $4.4bn | 12 | 95% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $3.9bn | 10 | 100% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
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