ValuAct Capital's 13F: A Comprehensive Guide

What is a 13F filing and why is it important?

A 13F filing is a quarterly report that institutional investment managers with more than $100 million in assets under management must file with the Securities and Exchange Commission (SEC). The report discloses the manager's holdings of equity securities, including common stocks, preferred stocks, and convertible bonds, as of the end of each quarter.

13F filings are important because they provide insights into the investment strategies of some of the world's most successful money managers. By analyzing these filings, investors can learn what stocks these managers are buying and selling, and make more informed investment decisions.

| Personal Details of ValueAct Capital| |---|---| |Founded|2000| |Founder and CEO|Jeffrey Ubben| |Headquarters|San Francisco, California| |Assets Under Management|$16 billion|

ValueAct Capital is a San Francisco-based investment firm that manages over $16 billion in assets. The firm was founded in 2000 by Jeffrey Ubben, a former portfolio manager at Fidelity Investments. ValueAct Capital is known for its activist investing approach, which involves taking large stakes in companies and working with management to improve their performance.

ValueAct Capital's 13F filings are closely watched by investors because they provide insights into the firm's investment strategy. In recent years, ValueAct Capital has been increasing its exposure to technology stocks. The firm's top holdings as of the end of the second quarter of 2023 included Microsoft, Alphabet, and Amazon.

ValueAct Capital 13F

ValueAct Capital's 13F filings are closely watched by investors because they provide insights into the firm's investment strategy. Here are seven key aspects of ValueAct Capital's 13F filings to consider:

• Activist investing
• Technology stocks
• Large stakes
• Quarterly report
• Institutional investment managers
• Insights into investment strategies
• SEC disclosure

ValueAct Capital is an activist investor, meaning that it takes large stakes in companies and works with management to improve their performance. The firm's 13F filings provide insights into its activist investing strategy, as they disclose the companies in which ValueAct Capital has taken stakes. In recent years, ValueAct Capital has been increasing its exposure to technology stocks. The firm's top holdings as of the end of the second quarter of 2023 included Microsoft, Alphabet, and Amazon.

1. Activist investing

Activist investing is a type of investment strategy in which an investor takes a large stake in a company and then works with management to improve the company's performance. Activist investors typically target companies that they believe are undervalued and have the potential to improve their profitability. They may do this by pushing for changes in the company's strategy, operations, or management team.

ValueAct Capital is an activist investor that has a history of taking large stakes in companies and working with management to improve their performance. The firm's 13F filings provide insights into its activist investing strategy, as they disclose the companies in which ValueAct Capital has taken stakes. In recent years, ValueAct Capital has been increasing its exposure to technology stocks. The firm's top holdings as of the end of the second quarter of 2023 included Microsoft, Alphabet, and Amazon.

ValueAct Capital's activist investing strategy has been successful in generating returns for its investors. The firm's portfolio has outperformed the S&P 500 index over the past five years. ValueAct Capital's success is due in part to its ability to identify undervalued companies and work with management to improve their performance.

2. Technology stocks

Technology stocks are a major component of ValueAct Capital's 13F filings. The firm has been increasing its exposure to technology stocks in recent years, and its top holdings as of the end of the second quarter of 2023 included Microsoft, Alphabet, and Amazon.

There are several reasons why ValueAct Capital is investing in technology stocks. First, technology stocks have outperformed the broader market in recent years. Second, ValueAct Capital believes that technology stocks are undervalued. Third, ValueAct Capital believes that technology stocks have the potential to continue to grow in the future.

ValueAct Capital's investment in technology stocks is a reflection of the firm's belief in the long-term growth potential of the technology sector. Technology stocks are a major driver of the global economy, and ValueAct Capital believes that they are a good investment for its clients.

3. Large stakes

ValueAct Capital is known for taking large stakes in companies. This is a key component of its activist investing strategy. By taking a large stake in a company, ValueAct Capital is able to exert influence over the company's management and push for changes that it believes will improve the company's performance.

ValueAct Capital's 13F filings provide insights into the firm's large stakeholdings. As of the end of the second quarter of 2023, ValueAct Capital's largest holdings included Microsoft, Alphabet, and Amazon. These are all large, well-established companies with strong track records of growth. ValueAct Capital's investment in these companies is a reflection of its belief in their long-term growth potential.

Taking large stakes in companies is a risky investment strategy. However, it can also be a very rewarding strategy. ValueAct Capital has a history of generating strong returns for its investors. The firm's success is due in part to its ability to identify undervalued companies and take large stakes in them. This gives ValueAct Capital the opportunity to influence the company's management and push for changes that it believes will improve the company's performance.

4. Quarterly report

A quarterly report is a financial report that a company files with the Securities and Exchange Commission (SEC) every three months. The report provides a detailed overview of the company's financial performance during the previous quarter, including its revenues, expenses, profits, and losses. Quarterly reports are important because they provide investors with insights into a company's financial health and performance.

• Disclosure of financial performance: Quarterly reports provide a detailed disclosure of a company's financial performance during the previous quarter. This includes information on the company's revenues, expenses, profits, and losses. This information is essential for investors to assess the company's financial health and performance.
• Insights into company operations: Quarterly reports also provide insights into a company's operations. This includes information on the company's sales, marketing, and research and development activities. This information can help investors understand how the company is performing and identify potential risks and opportunities.
• Compliance with SEC regulations: Companies are required to file quarterly reports with the SEC in accordance with federal securities laws. These reports are used by the SEC to monitor the financial health of companies and ensure that they are in compliance with SEC regulations.
• Basis for investment decisions: Investors use quarterly reports to make informed investment decisions. The information contained in quarterly reports can help investors assess a company's financial health, performance, and risks. This information can help investors make informed decisions about whether to buy, sell, or hold a company's stock.

Quarterly reports are an important source of information for investors. The information contained in quarterly reports can help investors make informed investment decisions and assess the financial health and performance of companies.

5. Institutional investment managers

Institutional investment managers are financial professionals who manage large pools of money on behalf of clients. These clients can include pension funds, endowments, foundations, and insurance companies. Institutional investment managers typically use a variety of investment strategies to achieve their clients' financial goals. One common strategy is to invest in stocks and bonds. Institutional investment managers must file a 13F with the SEC each quarter disclosing their holdings of equity securities.

• Fiduciary duty
  Institutional investment managers have a fiduciary duty to their clients. This means that they must act in the best interests of their clients and put their clients' interests before their own. Institutional investment managers must also disclose any conflicts of interest to their clients.
• Investment expertise
  Institutional investment managers have a high level of investment expertise. They typically have a team of investment professionals who research and analyze companies before making investment decisions. Institutional investment managers also have access to a wide range of investment products and services.
• Long-term investment horizon
  Institutional investment managers typically have a long-term investment horizon. This means that they are not as concerned with short-term fluctuations in the market. Institutional investment managers are more focused on achieving their clients' long-term financial goals.
• Regulation
  Institutional investment managers are regulated by the SEC. This means that they must comply with a number of rules and regulations. These rules and regulations are designed to protect investors and ensure that institutional investment managers are acting in the best interests of their clients.

Institutional investment managers play an important role in the financial markets. They provide a number of services to their clients, including investment management, financial advice, and custody services. Institutional investment managers are also a major source of capital for companies. They provide companies with the capital they need to grow and expand their businesses.

6. Insights into investment strategies

ValuAct Capital's 13F filings provide valuable insights into the firm's investment strategies. By analyzing these filings, investors can learn what stocks ValuAct Capital is buying and selling, and make more informed investment decisions.

• Identifying undervalued companies
  

  ValuAct Capital is known for its ability to identify undervalued companies. The firm's 13F filings provide insights into the criteria that ValuAct Capital uses to identify undervalued companies. For example, ValuAct Capital often looks for companies with strong fundamentals, such as high profit margins and low debt levels. The firm also looks for companies that are trading at a discount to their intrinsic value.

• Activist investing
  

  ValuAct Capital is an activist investor, meaning that it takes large stakes in companies and works with management to improve their performance. The firm's 13F filings provide insights into ValuAct Capital's activist investing strategy. For example, ValuAct Capital often pushes for changes in a company's strategy, operations, or management team. The firm also works with management to improve the company's financial performance.

• Long-term investment horizon
  

  ValuAct Capital has a long-term investment horizon. The firm's 13F filings provide insights into the types of companies that ValuAct Capital is willing to invest in. For example, ValuAct Capital often invests in companies that are in the early stages of growth. The firm is also willing to invest in companies that are facing challenges, such as a declining stock price or a change in management. ValuAct Capital believes that these types of companies have the potential to generate strong returns over the long term.

• Risk management
  

  ValuAct Capital's 13F filings also provide insights into the firm's risk management practices. For example, ValuAct Capital often invests in a diversified portfolio of stocks. The firm also uses hedging strategies to reduce its exposure to risk. ValuAct Capital's risk management practices help to protect the firm's investors from losses.

ValuAct Capital's 13F filings are a valuable resource for investors who want to gain insights into the firm's investment strategies. By analyzing these filings, investors can learn what stocks ValuAct Capital is buying and selling, and make more informed investment decisions.

7. SEC disclosure

The Securities and Exchange Commission (SEC) requires institutional investment managers with more than $100 million in assets under management to file a 13F with the SEC each quarter disclosing their holdings of equity securities. ValuAct Capital is an institutional investment manager that files a 13F with the SEC each quarter.

• Transparency
  

  SEC disclosure promotes transparency in the financial markets. By requiring institutional investment managers to disclose their holdings of equity securities, the SEC makes it possible for investors to see what stocks these managers are buying and selling. This information can help investors make more informed investment decisions.

• Market regulation
  

  SEC disclosure helps to regulate the financial markets. By requiring institutional investment managers to disclose their holdings of equity securities, the SEC can monitor the activities of these managers and ensure that they are not engaging in any illegal or unethical activities.

• Investor protection
  

  SEC disclosure helps to protect investors. By providing investors with information about the holdings of institutional investment managers, the SEC helps investors to make more informed investment decisions. This information can help investors avoid making investment mistakes and losing money.

• Basis for investment decisions
  

  Investors use ValuAct Capital's 13F filings to make informed investment decisions. The information contained in ValuAct Capital's 13F filings can help investors identify undervalued companies and make more informed investment decisions.

SEC disclosure is an important part of the financial markets. It promotes transparency, regulates the markets, protects investors, and provides investors with information that they can use to make informed investment decisions.

FAQs on ValuAct Capital 13F

This section addresses frequently asked questions (FAQs) about ValuAct Capital's 13F filings, providing clear and informative answers.

Question 1: What is a 13F filing and why is it important?

A 13F filing is a quarterly report that institutional investment managers with more than $100 million in assets under management must file with the Securities and Exchange Commission (SEC). The report discloses the manager's holdings of equity securities, including common stocks, preferred stocks, and convertible bonds, as of the end of each quarter. 13F filings are important because they provide insights into the investment strategies of some of the world's most successful money managers.

Question 2: What is ValuAct Capital's investment strategy?

ValuAct Capital is an activist investor, meaning that it takes large stakes in companies and works with management to improve their performance. The firm's 13F filings provide insights into its activist investing strategy, as they disclose the companies in which ValuAct Capital has taken stakes. In recent years, ValuAct Capital has been increasing its exposure to technology stocks.

Question 3: How can I access ValuAct Capital's 13F filings?

ValuAct Capital's 13F filings are available on the SEC's website. Investors can search for ValuAct Capital's filings by using the company's Central Index Key (CIK) number, which is 0001064111.

Question 4: What are some of the benefits of analyzing ValuAct Capital's 13F filings?

Analyzing ValuAct Capital's 13F filings can provide investors with several benefits, including insights into the firm's investment strategy, identification of undervalued companies, and understanding of the firm's risk management practices.

Question 5: Are there any risks associated with investing based on ValuAct Capital's 13F filings?

Yes, there are some risks associated with investing based on ValuAct Capital's 13F filings. These risks include the risk that the firm's investment strategy may change, the risk that the firm may not be able to successfully implement its investment strategy, and the risk that the firm's investments may decline in value.

These FAQs provide a comprehensive overview of ValuAct Capital's 13F filings and their significance for investors. By understanding the information contained in these filings, investors can gain valuable insights into the firm's investment strategy and make more informed investment decisions.

To learn more about ValuAct Capital and its 13F filings, please visit the company's website or contact the firm directly.

Conclusion

ValuAct Capital's 13F filings provide valuable insights into the firm's investment strategies and the companies it invests in. By analyzing these filings, investors can gain insights into the firm's activist investing strategy, identify undervalued companies, and understand the firm's risk management practices. This information can help investors make more informed investment decisions.

However, it is important to remember that there are risks associated with investing based on 13F filings. These risks include the risk that the firm's investment strategy may change, the risk that the firm may not be able to successfully implement its investment strategy, and the risk that the firm's investments may decline in value. Investors should carefully consider these risks before making any investment decisions based on 13F filings.

Despite these risks, ValuAct Capital's 13F filings remain a valuable resource for investors who want to gain insights into the firm's investment strategies and the companies it invests in. By understanding the information contained in these filings, investors can make more informed investment decisions.