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ValueAct Holdings, L.P.

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13F filer, CIK 1418814, SAN FRANCISCO, CA

ValueAct Holdings, L.P. reported $5,929,591,152 across 16 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-14. Its ten largest share positions make up 86.16% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001418814-25-000003

Period
2025-09-30
Reported value
$5.93B
Holdings
16
Top 10 weight
86.16%
New
1
Sold out
3

Part of the filer group ValueAct Holdings, L.P.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MDBadded+1,427,700$247M
RKTadded+10,270,018$199M
TOSTnew+3,397,200$124M
Vadded+320,900$110M
METAadded+145,300$107M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AMZNreduced-372,000-$81.7M
DISreduced-695,700-$79.7M
NSITreduced-590,000-$66.9M
REDFIN CORPexited-5,805,600-$65M
RBLXreduced-448,800-$62.2M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001418814-25-000003, largest first. % of portfolio is the value over $5,929,591,152, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 536,900 shares; 2025Q1: 563,100 shares; 2025Q2: 3,872,500 shares; 2025Q3: 3,500,500 shares 3,500,500$769M12.96%-372,000Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,914,309 shares; 2024Q4: 2,898,509 shares; 2025Q1: 2,898,509 shares; 2025Q2: 2,898,509 shares; 2025Q3: 2,898,509 shares 2,898,509$687M11.59%0Timeline
RBLXROBLOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,135,921 shares; 2024Q4: 10,135,921 shares; 2025Q1: 8,764,921 shares; 2025Q2: 4,732,021 shares; 2025Q3: 4,283,221 shares 4,283,221$593M10.01%-448,800Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 211,500 shares; 2024Q4: 211,500 shares; 2025Q1: 1,014,874 shares; 2025Q2: 623,374 shares; 2025Q3: 768,674 shares 768,674$564M9.52%+145,300Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 373,600 shares; 2024Q4: 373,600 shares; 2025Q1: 1,312,950 shares; 2025Q2: 1,244,950 shares; 2025Q3: 1,565,850 shares 1,565,850$535M9.01%+320,900Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,464,831 shares; 2024Q4: 6,566,031 shares; 2025Q1: 6,566,031 shares; 2025Q2: 5,087,631 shares; 2025Q3: 4,391,931 shares 4,391,931$503M8.48%-695,700Timeline
RKTROCKET COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 6,728,509 shares; 2025Q2: 15,125,609 shares; 2025Q3: 25,395,627 shares 25,395,627$492M8.3%+10,270,018Timeline
MDBMONGODB INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 690,500 shares; 2025Q3: 2,118,200 shares 2,118,200$367M6.19%+1,427,700Timeline
LLYVKLIBERTY MEDIA CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,337,500 shares; 2024Q4: 3,168,788 shares; 2025Q1: 3,903,888 shares; 2025Q2: 3,991,888 shares; 2025Q3: 3,515,888 shares 3,515,888$341M5.75%-476,000Timeline
NSITINSIGHT ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,061,739 shares; 2024Q4: 4,061,739 shares; 2025Q1: 4,061,739 shares; 2025Q2: 2,861,739 shares; 2025Q3: 2,271,739 shares 2,271,739$258M4.34%-590,000Timeline
SSDSIMPSON MFG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,406,105 shares; 2025Q3: 1,207,942 shares 1,207,942$202M3.41%-198,163Timeline
MR COOPER GROUP INCMR COOPER GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 904,800 shares; 2025Q3: 904,800 shares 904,800$191M3.22%0
LLYVALIBERTY MEDIA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 671,800 shares; 2024Q4: 1,268,448 shares; 2025Q1: 1,658,648 shares; 2025Q2: 1,773,148 shares; 2025Q3: 1,719,548 shares 1,719,548$162M2.73%-53,600Timeline
TOSTTOAST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,482,200 shares; 2024Q4: 8,548,600 shares; 2025Q1: 2,597,200 shares; 2025Q2: not reported; 2025Q3: 3,397,200 shares 3,397,200$124M2.09%newTimeline
LYVLIVE NATION ENTERTAINMENT INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,014,650 shares; 2024Q4: 1,061,466 shares; 2025Q1: 885,266 shares; 2025Q2: 885,266 shares; 2025Q3: 640,866 shares 640,866$105M1.77%-244,400Timeline
CBRECBRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 589,391 shares; 2025Q3: 234,591 shares 234,591$37M0.62%-354,800Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
REDFIN CORPREDFIN CORP5,805,600$65Mshares
EXPEEXPEDIA GROUP INC278,356$47Mshares
CCCCCC INTELLIGENT SOLUTIONS HL2,881,800$27.1Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001418814-25-000003 base2025-11-14acceptance time not in the bulk data set