Jeffrey Ubben et al
ValueAct Holdings, L.P.
Jeffrey Ubben et al (ValueAct Holdings, L.P.) discloses a $5.63B portfolio across 18 US-listed positions in the latest 13F filing (2026Q2, filed Aug 14, 2026). The largest holding is V at 14.1% of the book. The biggest move of the quarter: added 48% to the RKT share count (position now $656M). Mechanically cloning this 13F returned 12.1%/yr over the past 12.2 years, versus 13.7%/yr for the S&P 500 across that identical 12.2-year window.
Holdings (18) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | V | 14.1% | $795M | |||
| 2 | AMZN | 12.4% | $701M | |||
| 3 | RKT | 11.6% | $656M | |||
| 4 | BLK | 9.9% | $559M | |||
| 5 | META | 9.2% | $516M | |||
| 6 | CRM | 8.3% | $469M | |||
| 7 | TOST | 7.0% | $393M | |||
| 8 | KKR | 5.8% | $327M | |||
| 9 | SPOT | 4.3% | $242M | |||
| 10 | LLYVK | 4.1% | $229M | |||
| 11 | SSD | 3.1% | $174M | |||
| 12 | RBLX | 3.0% | $171M | |||
| 13 | CBRE | 2.4% | $134M | |||
| 14 | LLYVA | 1.4% | $80M | |||
| 15 | MDB | 1.0% | $56M | |||
| 16 | LYV | 1.0% | $55M | |||
| 17 | WIX | 0.8% | $47M | |||
| 18 | PAYP | 0.5% | $31M |
- 1Vport14.1%val$795MVisa Inc-class A Sharesthis Q hold·8q
- 2AMZNport12.4%val$701MAmazon.com Incthis Q hold·7q
- 3RKTport11.6%val$656MRocket Cos Inc-class Athis Q +48%·8q
- 4BLKport9.9%val$559MBlackrock Incthis Q hold·3q
- 5METAport9.2%val$516MMeta Platforms Inc-class Athis Q hold·8q
- 6CRMport8.3%val$469MSalesforce Incthis Q hold·15q
- 7TOSTport7.0%val$393MToast Inc-class Athis Q hold·7q
- 8KKRport5.8%val$327MKkr & CO Incthis Q hold·27q
- 9SPOTport4.3%val$242MSpotify Technology S Athis Q +47%·8q
- 10LLYVKport4.1%val$229MLiberty Live Holdings-cthis Q -39%·3q
- 11SSDport3.1%val$174MSimpson Manufacturing CO Incthis Q -41%·5q
- 12RBLXport3.0%val$171MRoblox Corp -class Athis Q -46%·12q
- 13CBREport2.4%val$134MCbre Group Inc - Athis Q +323%·36q
- 14LLYVAport1.4%val$80MLiberty Live Holdings-athis Q -56%·3q
- 15MDBport1.0%val$56MMongodb Incthis Q -84%·5q
- 16LYVport1.0%val$55MLive Nation Entertainment INthis Q -52%·8q
- 17WIXport0.8%val$47MWix Com Ltdthis Q hold·2q
- 18PAYPport0.5%val$31MPaypay Corpthis Q New·—1q
2026Q2 moves, by size (11)(expand ↓)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| RKT | Rocket Cos Inc-class A | ADD | 11.6% | +48% | $656M |
| LLYVK | Liberty Live Holdings-c | TRIM | 4.1% | -39% | $229M |
| RBLX | Roblox Corp -class A | TRIM | 3.0% | -46% | $171M |
| MDB | Mongodb Inc | TRIM | 1.0% | -84% | $56M |
| SPOT | Spotify Technology S A | ADD | 4.3% | +47% | $242M |
| SSD | Simpson Manufacturing CO Inc | TRIM | 3.1% | -41% | $174M |
| LLYVA | Liberty Live Holdings-a | TRIM | 1.4% | -56% | $80M |
| CBRE | Cbre Group Inc - A | ADD | 2.4% | +323% | $134M |
| LYV | Live Nation Entertainment IN | TRIM | 1.0% | -52% | $55M |
| DIS | Walt Disney Co/the | EXIT | 0.7% | -100% | $0 |
| PAYP | Paypay Corp | NEW | 0.5% | +100% | $31M |
- ADDRKT11.6%Rocket Cos Inc-class AΔ +48%·$656M
- TRIMLLYVK4.1%Liberty Live Holdings-cΔ -39%·$229M
- TRIMRBLX3.0%Roblox Corp -class AΔ -46%·$171M
- TRIMMDB1.0%Mongodb IncΔ -84%·$56M
- ADDSPOT4.3%Spotify Technology S AΔ +47%·$242M
- TRIMSSD3.1%Simpson Manufacturing CO IncΔ -41%·$174M
- TRIMLLYVA1.4%Liberty Live Holdings-aΔ -56%·$80M
- ADDCBRE2.4%Cbre Group Inc - AΔ +323%·$134M
- TRIMLYV1.0%Live Nation Entertainment INΔ -52%·$55M
- EXITDIS0.7%Walt Disney Co/theΔ -100%·$0
- NEWPAYP0.5%Paypay CorpΔ +100%·$31M
About Jeffrey Ubben et al
Jeffrey Ubben built ValueAct Capital into one of the more recognizable activist shops in the U.S. by taking concentrated stakes in a small number of companies and then working constructively with management rather than launching public campaigns — board seats over press releases. The fund's history includes notable positions in Microsoft (where a ValueAct board seat preceded Satya Nadella's strategic pivot) and Rolls-Royce. Ubben departed in 2020 to found Inclusive Capital Partners, an ESG-oriented vehicle, leaving Mason Morfit to run ValueAct. The current 13F reflects an 18-position book with modest concentration — top-5 at roughly 51%, anchored by Visa, Amazon, Salesforce, BlackRock, and Meta — which sits closer to a focused long-only fund than a classic activist block-builder. Readers should note that ValueAct's influence has historically come from privately negotiated arrangements that never appear in 13F filings; the public portfolio is a partial and lagging view of where the actual engagement thesis lives.
2026Q2 brief
2026Q2 activity: 1 new position (top: PAYP); 3 conviction adds (top: RKT, SPOT, CBRE); 1 exit (top: DIS). Top 5 holdings: V, AMZN, RKT, BLK, META (57% of portfolio).
AI-generated. Not investment advice.
Filing history
Jeffrey Ubben et al's disclosed 13F portfolio value and position count by quarter — the trajectory across every SEC filing.
| Quarter | Positions | Portfolio value |
|---|---|---|
| Q2 2026 — what changed → | 18 | $5.63B |
| Q1 2026 — what changed → | 18 | $5.71B |
| Q4 2025 — what changed → | 16 | $7.03B |
| Q3 2025 — what changed → | 16 | $5.93B |
| Q2 2025 — what changed → | 18 | $5.60B |
| Q1 2025 — what changed → | 14 | $4.58B |
| Q4 2024 holdings | 12 | $4.39B |
| Q3 2024 holdings | 11 | $4.37B |
| Q2 2024 holdings | 10 | $3.56B |
| Q1 2024 holdings | 12 | $4.54B |
| Q4 2023 holdings | 14 | $5.00B |
| Q3 2023 holdings | 12 | $4.45B |
Values as disclosed at each quarter end. Older filings on EDGAR.
Multibaggers Jeffrey Ubben et al held
Stocks up 5x or more since Jeffrey Ubben et al first held them at conviction size — the holding record behind the returns. Longest unbroken run and largest book weight are shown for each.
- MSCI14.6xMSCI INC10q straight · peak 3.22%
- AMZN13.8xAMAZON.COM INC6q straight · peak 15.17% · still holds
- MSFT11.2xMICROSOFT CORP16q straight · peak 31.21%
- MDB10.2xMONGODB INC4q straight · peak 8.4% · still holds
- META10.0xMETA PLATFORMS INC-CLASS A7q straight · peak 12.77% · still holds
- LITE9.3xLUMENTUM HOLDINGS INC2q straight · peak 0.97%
Six biggest of 14. Price multiple since the first quarter we observed a conviction holding (2014Q1 at the earliest), not Jeffrey Ubben et al's realized return — entry price and trades between filings aren't disclosed. Peak weight is share of disclosed US 13F book. All 129 multibaggers the cohort held →
Frequently asked questions
- What stocks does Jeffrey Ubben et al own?
- As of 2026Q2, Jeffrey Ubben et al's 13F discloses 18 positions worth $5.63B. The top five holdings: V (14.1%), AMZN (12.4%), RKT (11.6%), BLK (9.9%), META (9.2%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Jeffrey Ubben et al buy this quarter?
- In 2026Q2, the filing shows 1 new position and 3 additions to existing holdings. The largest positions touched by buying: RKT, SPOT, CBRE, PAYP.
- How big is Jeffrey Ubben et al's portfolio?
- $5.63B across 18 positions per the latest 13F (filed Aug 14, 2026). The top five holdings account for 57% of the disclosed book.
Similar portfolios
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001418814). Not investment advice.