SEC 13F Intelligence

Managers / Q3 2022 · view latest →

ValueAct Holdings, L.P.

CIK 0001418814 · ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO, CA, 94129 · 415-362-3700

Reported Value
$5.9B
Q3 2022
Positions
12
Filings on Record
32
2019–present window
Filed
Nov 14, 2022
original filing

Summary

Valueact Holdings, L.P. reported $5.9B in U.S.-listed holdings across 12 positions for Q3 2022.

The portfolio is heavily concentrated: FISV alone accounts for 23.2% of reported value.

Compared with Q2 2022, the fund opened 0 new positions and exited 4.

Portfolio Metrics

Turnover
+6.5%
vs prior filed quarter
Top-10 Concentration
+99.9%
share of reported value
Largest Position
+23.2%
Fiserv

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $8.0BQ4 ’18Q1 ’19: $9.1BQ2 ’19: $9.6BQ3 ’19: $9.3BQ4 ’19: $9.9BQ4 ’19Q1 ’20: $7.0BQ2 ’20: $8.7BQ3 ’20: $7.1BQ4 ’20: $8.6BQ4 ’20Q1 ’21: $8.6BQ2 ’21: $9.0BQ3 ’21: $8.6BQ4 ’21: $8.9BQ4 ’21Q1 ’22: $7.3BQ2 ’22: $6.3BQ3 ’22: $5.9BQ4 ’22: $5.3BQ4 ’22Q1 ’23: $6.1BQ2 ’23: $6.4BQ3 ’23: $4.5BQ4 ’23: $5.0BQ4 ’23Q1 ’24: $4.5BQ2 ’24: $3.6BQ3 ’24: $8.3BQ4 ’24: $4.4BQ4 ’24Q1 ’25: $4.6BQ2 ’25: $5.6BQ3 ’25: $5.9BQ4 ’25: $7.0BQ4 ’25Q1 ’26: $5.7Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.9%Other: 12.1%
  • Common Stock · 87.9% · $5.2B
  • Other · 12.1% · $715M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NYTNEW YORK TIMES COADDED+8.52M11.61M+$248M$334M
SLMSLM CORPSOLD OUT−10.89M0−$174M$0
BHCBAUSCH HEALTH COS INCSOLD OUT−14.34M0−$120M$0
UNVREURUNIVAR SOLUTIONS INCSOLD OUT−340.0K0−$8M$0
TRNTRINITY INDS INCSOLD OUT−90.8K0−$2M$0
RKTROCKET COS INCTRIMMED−704.0K1.30M−$7M$8M
BLD*TOPBUILD CORPADDED+341.3K1.55M+$53M$255M
IEIINSIGHT ENTERPRISES INCADDED+322.7K4.42M+$11M$364M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2022

11 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1FISVFISERV INChistory →COM23.22%$1.4B14.65M
2KKRKKR & CO INChistory →COM19.27%$1.1B26.46M
3SEAGATE TECHNOLOGY HLDNGS PLORD SHS12.12%$715M13.44M
4CBRECBRE GROUP INChistory →CL A10.56%$623M9.23M
5LKQ1LKQ CORPhistory →COM10.03%$592M12.55M
6TRVCCITIGROUP INChistory →COM NEW7.76%$458M10.99M
7IEIINSIGHT ENTERPRISES INChistory →COM6.17%$364M4.42M
8NYTNEW YORK TIMES COhistory →CL A5.66%$334M11.61M
9BLD*TOPBUILD CORPhistory →COM4.32%$255M1.55M
10ALTUS POWER INCCOM CL A · *W EXP 12/09/2020.75%$44M4.02M
11RKTROCKET COS INChistory →COM CL A0.14%$8M1.30M

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.7B18May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$7.0B16Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$5.9B16Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$5.6B18Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$4.6B14May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$4.4B12Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024REVEALED$8.3B21Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$3.6B10Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$4.5B12May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$5.0B14Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$4.5B12Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$6.4B9Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$6.1B9May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$5.3B9Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$5.9B12Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$6.3B16Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$7.3B13May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$8.9B12Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$8.6B13Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$9.0B13Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$8.6B13May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$8.6B11Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$7.1B12Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$8.7B21Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$7.0B24May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$9.9B22Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$9.3B22Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$9.6B23Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$9.1B20May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$8.0B21Feb 14, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 2 additional managers.

  • ValueAct Capital Management, L.P.028-12033
  • ValueAct Capital Management, L.P.

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.