Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q1 2026)

As of Mar 31, 2026, the ValueAct Holdings portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2026, the filing reported:

New Buys - KKR & Co. Inc., Spotify, Wix

Increases - Toast, Inc., Visa Inc.

Reductions - Amazon.com, Inc., BlackRock, Walt Disney Company (The), Live Nation Entertainment, Inc., MongoDB, Inc., and 4 more

Complete Exits - Insight Enterprises, Inc.

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2026	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-509,700	-15.0%	$600.78M	2,884,600
Q1 2026	BLK BlackRock	BlackRock	Sell	-148,900	-21.4%	$525.19M	546,100
Q1 2026	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-2,677,700	-87.0%	$38.57M	400,231
Q1 2026	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy - Position Entry	+3,279,700	-	$303.37M	3,279,700
Q1 2026	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Sell	-198,400	-24.1%	$95.27M	624,666
Q1 2026	MDB MongoDB, Inc.	MongoDB, Inc.	Sell	-369,000	-26.2%	$254.02M	1,037,800
Q1 2026	META Meta Platforms, Inc.	Meta Platforms, Inc.	Sell	-132,300	-12.6%	$523.88M	915,674
Q1 2026	NSIT Insight Enterprises, Inc.	Insight Enterprises, Inc.	Sell - Position Exit	-1,216,592	-100.0%	$0.00	-
Q1 2026	RBLX Roblox Corporation	Roblox Corporation	Sell	-127,200	-2.1%	$330.80M	5,848,621
Q1 2026	RKT Rocket Companies, Inc.	Rocket Companies, Inc.	Sell	-11,165,928	-28.4%	$402.06M	28,214,724
Q1 2026	SPOT Spotify	Spotify	Buy - Position Entry	+358,500	-	$173.84M	358,500
Q1 2026	SSD Simpson Manufacturing Company,	Simpson Manufacturing Company,	Sell	-74,100	-5.0%	$239.93M	1,398,042
Q1 2026	TOST Toast, Inc.	Toast, Inc.	Buy	+4,880,161	+60.9%	$341.86M	12,895,438
Q1 2026	V Visa Inc.	Visa Inc.	Buy	+598,000	+34.8%	$700.06M	2,316,250
Q1 2026	WIX Wix	Wix	Buy - Position Entry	+1,099,370	-	$94.07M	1,099,370
Q4 2025	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Sell	-106,200	-3.0%	$783.47M	3,394,300
Q4 2025	BLK BlackRock	BlackRock	Buy - Position Entry	+695,000	-	$743.89M	695,000
Q4 2025	COOP Mr. Cooper Group Inc.	Mr. Cooper Group Inc.	Sell - Position Exit	-904,800	-100.0%	$0.00	-
Q4 2025	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+96,000	+3.3%	$793.28M	2,994,509
Q4 2025	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-1,314,000	-29.9%	$350.18M	3,077,931
Q4 2025	LLYVA Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell - Position Exit	-1,719,548	-100.0%	$0.00	-
Q4 2025	LLYVK Liberty Media Corporation - Ser	Liberty Media Corporation - Ser	Sell - Position Exit	-3,515,888	-100.0%	$0.00	-
Q4 2025	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Buy	+182,200	+28.4%	$117.29M	823,066
Q4 2025	MDB MongoDB, Inc.	MongoDB, Inc.	Sell	-711,400	-33.6%	$590.42M	1,406,800
Q4 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+279,300	+36.3%	$691.76M	1,047,974
Q4 2025	NSIT Insight Enterprises, Inc.	Insight Enterprises, Inc.	Sell	-1,055,147	-46.4%	$99.12M	1,216,592
Q4 2025	RBLX Roblox Corporation	Roblox Corporation	Buy	+1,692,600	+39.5%	$484.22M	5,975,821
Q4 2025	RKT Rocket Companies, Inc.	Rocket Companies, Inc.	Buy	+13,985,025	+55.1%	$762.41M	39,380,652
Q4 2025	SSD Simpson Manufacturing Company,	Simpson Manufacturing Company,	Buy	+264,200	+21.9%	$237.71M	1,472,142
Q4 2025	TOST Toast, Inc.	Toast, Inc.	Buy	+4,618,077	+135.9%	$284.62M	8,015,277

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