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ValueAct Capital
San Francisco-based investment company From Wikipedia, the free encyclopedia
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ValueAct Capital is a San Francisco-based investment management firm. As of 2024, the firm manages about $10 billion in assets.” [1] The company is a privately owned hedge fund that invests in the public equity markets.
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Background
ValueAct Capital was initially formed in June 2000 to manage the capital of its founders, along with the capital of a limited number of outside investors. The firm was led by Jeff Ubben from its founding until 2020 when Mason Morfit became CEO.[2] Jeff Ubben left the firm in 2020. [3] In 2024, Rob Hale was elevated to the role of Co-CEO alongside Morfit. [4]
Investor actions
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Rolls-Royce
In August 2020, the company sold all of the stake capital of Rolls-Royce.[5]
Microsoft
In May 2013 ValueAct Capital revealed that it had purchased $2 billion worth of Microsoft stock (less than 1%). Shortly thereafter the company announced that Steve Ballmer decided to leave Microsoft. The company subsequently announced an agreement to share information and work with ValueAct, as well as to give ValueAct an option to join the board of directors. It was speculated that pressure from ValueAct led to Ballmer's decision to leave the company but both Ballmer and Microsoft have said otherwise.[6][7] Morfit joined the Microsoft Board of Directors in early 2014 and served until late 2017 during which time the company thrived under new CEO Satya Nadella.
The New York Times Company
ValueAct disclosed a 7% stake in The New York Times Company in August 2022.[8] ValueAct aims to encourage the company to more actively pursue the sale of "bundled" subscriptions to its various offerings.[8]
Salesforce
ValueAct disclosed a multi billion stake in Salesforce in January 2022. On January 27, Salesforce announced that it is appointing three new directors to the board, one of whom is Mason Morfit, CEO and CIO of ValueAct Capital.[9]
Meta
In November 2024, it was revealed that ValuAct had taken a $1 billion position in Meta.[10]
Rocket Companies
In May 2025, ValuAct disclosed a 9.9% stake in Rocket Companies, the parent company of Rocket Mortgage.[11]
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References
External links
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