ValueAct's March Portfolio: Heavyweights in Finance & Tech
ValueAct Holdings, managed by Jeffrey Ubben, held a portfolio worth approximately $5.2 billion as of March 31, 2026. The fund's holdings are dominated by major tech and financial services stocks, with significant allocations to Visa, Amazon, and BlackRock.
Top Holdings Analysis
ValueAct Holdings' portfolio, managed by Jeffrey Ubben, is characterized by significant concentration in specific sectors and a focus on high-value technology and financial services companies as of March 31, 2026.
The largest holding by total stock value is Visa Inc. (V), accounting for 12.26% of the portfolio. This is followed by Amazon.com Inc. (AMZN) at 10.52% and BlackRock Inc. (BLK) at 9.19%. Other substantial positions include Meta Platforms Inc. (META) at 9.17%, Rocket Companies Inc. (RKT) at 7.04%, Toast Inc. (TOST) at 5.98%, Roblox Corp. (RBLX) at 5.79%, KKR & Co. Inc. (KKR) at 5.31%, MongoDB Inc. (MDB) at 4.45%, and Simpson Manufacturing Inc. (SSD) at 4.2%.
Portfolio Concentration and Sector Focus
The portfolio exhibits a clear bias towards the Financial Services sector, with several of its top holdings falling into this category. Visa (V), BlackRock (BLK), Rocket Companies (RKT), and KKR (KKR) all belong to this sector, contributing significantly to the overall allocation. This suggests a strategic focus on large, established players within the financial industry.
Technology is another dominant theme, represented by major tech companies like Visa (a fintech leader), Amazon (AMZN), Meta (META), Toast (TOST), Roblox (RBLX), and MongoDB (MDB). This indicates a blend of traditional finance and cutting-edge technology within ValueAct's investment thesis.
The portfolio also includes exposure to other sectors such as Consumer Cyclical (Amazon), Communication Services (Meta, Roblox), Technology (Toast, MongoDB), and Basic Materials (Simpson Manufacturing). However, the data provided does not allow for a complete assessment of the overall sector diversification, as only a subset of holdings is detailed.
Recent Changes in Holdings
Several holdings show significant changes compared to the previous period, reflecting ValueAct's active management style. The fund has notably increased its stake in KKR & Co. Inc. (KKR), adding over 1.7 million shares, representing a substantial 171.68% increase in shares and a significant boost to its position.
Conversely, the fund has reduced its holdings in several stocks. Amazon.com Inc. (AMZN) saw a decrease of 15.02% in its weighting, while BlackRock Inc. (BLK) experienced a sharp 21.42% reduction. Other stocks with notable decreases include Rocket Companies Inc. (RKT) (-28.35%), Meta Platforms Inc. (META) (-12.62%), MongoDB Inc. (MDB) (-26.23%), and Simpson Manufacturing Inc. (SSD) (-5.03%).
On the positive change side, besides KKR, Toast Inc. (TOST) saw a substantial increase of 60.89% in shares, indicating renewed confidence in this cloud-based restaurant software company.