Activist hedge fund ValueAct Holdings reshaped its portfolio in Q2, trimming exposure to some of its high-profile holdings inclined meta Platforms and Disney, while leaning into new positions, according to a report by Seeking alpha citing the firm’s latest 13F filing.
The San Francisco-based manager reduced its Meta Class A shares to 0.62m from 1.01m and Disney to 5.09m from 6.57m. It also pared back its Visa holding.
On the buy side, ValueAct made a major move into Amazon, ramping up to 3.87m shares from just 563,100 last quarter. It also doubled down on Rocket Companies to 15.1m shares, and opened fresh positions in Simpson Manufacturing, MongoDB, Mr Cooper Group, CBRE Group and CCC Intelligent Solutions.
The fund exited its holdings in Nu Holdings and Toast, continuing its pattern of high-conviction rotation across tech, consumer and financial names.
