ValueAct Capital Slashed Its Stakes in Core Positions Toast, Roblox in Q1

Activist hedge fund ValueAct Capital outlined its core positions in its Q1 letter to investors, but a review of its 13F reveals even more information about what, exactly, is in the firm’s portfolio.

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Core holdings

According to ValueAct’s Q1 letter, its core holdings include Salesforce, Walt Disney, Insight, Recruit, Meta Platforms, Trend Micro, Visa, Roblox, Amazon, Liberty Live/ Live Nation, Olympus, Entegris, Stroer, Sanwa, Applied Materials, Expedia, Toast, and Simpson Manufacturing.

However, ValueAct’s 13F shows sizable moves in a couple of its core holdings and lists its other domestic stocks (foreign stocks are not included on 13Fs).

Of course, ValueAct is a well-known activist investor, often getting involved in the companies it...