Valueact drawdown fund11/25/2023 doneHow We Make Money doneOur Policy on AI doneMedia doneOrigin Storyįirm or one of its employees previously has been subject to a suspension or expulsion or other restriction of activities by a Self-Regulating Organization or commodities exchange.doneAbout Us doneMeet the Team doneWhy Trust Us doneHow We Test.Traditional IRA Personal Finance Education Planning for Retirement How Much Should I Save for Retirement Best Retirement Accounts.Investing for Retirement Should I Hire a Financial Advisor? Where to Invest $100, $1,000 or More Personal Finance Education.account_balance Best High-Yield Savings Accounts How to Invest Investing vs.How We Rate 17,000+ Firms Our Consumer Advocacy Mission Personal Finance Education.groups Find a Financial Advisor What Does a Financial Advisor Do? Types of Financial Advisors What's a Fiduciary?.How to Check Your Credit Score How to Improve Your Credit Score How to Get Out of Debt Personal Finance Education.calculate Credit Card Rewards Calculator calculate Business Card Rewards Calculator credit_card Best Cashback Credit Cards credit_card Best Business Credit Cards credit_card All Credit Card Coverage.I should note, however, that these are only estimates. However, based on the information contained in the report, it would appear that ValueAct owned $7.1 billion worth of securities at the end of the period, which compares to overall assets under management of $16 billion as reported at the end of 2019. Based on the positions detailed in the firm's most recent 13F, it would appear that ValueAct is currently holding a lot of cash.Īs a reminder, these SEC filings do not detail cash holdings, international investments or credit investments. It already reduced its holding in Morgan Stanley (MS). Overall, the fund sold ten positions and only bought one. ValueAct made some significant changes to its portfolio in the quarter. The second-largest holding, with a similar weighting, was KKR & Co. At the end of the third quarter of 2020, ValueAct owned 31.5 million Seagate shares, giving the $1.5 billion position a 22% portfolio weight. This position has been taken by Seagate Technology (NASDAQ:STX). The firm still owns 27 million shares in the banking giant, but it's no longer the fund's largest position. The hedge fund owned 31.5 million in this global investment bank at the end of the second quarter of 2019. Its latest 13-F filing at the time (for the three months to the end of June 2019) noted that the firm had 23% of assets under management invested in just one position, Citigroup (NYSE:C). The last time I covered the firm, I noted that ValueAct's flagship fund portfolio was highly concentrated. Warning! GuruFocus has detected 3 Warning Signs with C. Unlike other activists, which may have been more aggressive in pushing for change at companies, ValueAct favored working with management behind the scenes to improve operational performance without engaging in explosive confrontations. Managed by founder Jeff Ubben until the beginning of this year, ValueAct followed a strategy that has been labeled a "Mr. The firm, which managed around $16 billion at the end of 2019, has returned 14.1% per annum for investors since its inception in 2000. One of the world's most successful hedge funds is ValueAct Capital.
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