Mason Morfitt’s ValueAct Capital Management increased its holdings in Salesforce and Disney in the second quarter, a sign of compliance with regulatory approval procedures. Morfitt, who sits on the Salesforce board, increased ValueAct’s stake in the customer relationship management software maker by more than 12% in the second quarter, bringing its total holdings to more than $1 billion, InsiderScore reported. It was ValueAct’s largest holding at the end of June. Morfitt also increased the fund’s Disney holdings by more than 13%, making it its third-largest holding at more than $600 million. Both stocks in the Dow Jones Industrial Average took a beating in the second quarter, with Salesforce down nearly 15% and Disney down nearly 19%. ValueAct, which manages a concentrated portfolio, is still waiting for results. Salesforce is up just 1.5% so far in the third quarter, while Disney is down another 11%. CRM DIS YTD Salesforce and Disney, year-to-date, were the only increased positions for the activist hedge fund, according to ValueAct’s 13F filing. Morfitt has not opened any new positions in the last three months. But the Princeton University graduate, who served on the Microsoft board for nearly four years from 2014 to 2017, cut his stake in CBRE Group and Illumina to zero in the second quarter, missing out on the stock price rise. Both stocks fell in the second quarter but are trending higher in the third quarter. These moves have left the portfolio at just 10 stocks. Morfitt also significantly reduced other stocks, including reducing ValueAct’s Fiserv holdings by about 70%. Morfitt has been head of ValueAct since 2020, when founder Jeff Ubben stepped down.
Subscribe to Updates
Subscribe to our newsletter and stay updated with the latest news and exclusive offers.
Morphit’s ValueAct acquires additional stakes in Disney and Salesforce in Q2
Related Posts
Add A Comment
Services
Subscribe to Updates
Subscribe to our newsletter and stay updated with the latest news and exclusive offers.
© 2025 Business Investopedia. All Rights Reserved.