Great investors · Mason Morfit · Q2 2025
What Mason Morfit bought and sold in Q2 2025
ValueAct 13F portfolio as of Jun 30, 2025: 18 positions worth $5.6 bn. Largest: AMZN, CRM, DIS, RBLX. Filed with the SEC on Aug 14, 2025.
The 13F is filed by ValueAct, not by Mason Morfit personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2025
- IncreasedAmazon.comAMZN+13.0 pp
- NewSimpson ManufacturingSSD+3.9 pp
- NewMongodbMDB+2.6 pp
- NewMr. Cooper GroupCOOP+2.4 pp
- IncreasedRocket CompaniesRKT+2.1 pp
- NewCBRE GroupCBRE+1.5 pp
- NewRedfinRDFN+1.2 pp
Sells in Q2 2025
- ReducedRobloxRBLX−7.6 pp
- ReducedMeta PlatformsMETA−5.2 pp
- ReducedWalt DisneyDIS−3.3 pp
- ReducedInsight EnterprisesNSIT−3.0 pp
- ReducedExpedia GroupEXPE−2.5 pp
- Sold outToastTOST−1.5 pp
- Sold outNu HoldingsNU−0.6 pp
14 companies with material moves, out of 18 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
ValueAct's Q2 2025 13F lists 18 lines of US-listed securities worth $5.6 bn; the largest is AMZN at 15.2% of the portfolio. It was accepted by the SEC on Aug 14, 2025 at 4:21 PM ET.
Against the previous quarter, it opened 6 positions (SSD, MDB, COOP and CBRE and 2 more), closed 2 (TOST and NU), added to 4 (AMZN, RKT, Liberty Media and Liberty Media) and trimmed 6 (RBLX, META, DIS and NSIT and 2 more). 2 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Amazon.com AMZN | 3.9 M | $850M | 15.2% | +588% |
| 2 | Salesforce CRM | 2.9 M | $790M | 14.1% | no change |
| 3 | Walt Disney DIS | 5.1 M | $631M | 11.3% | −23% |
| 4 | Roblox RBLX | 4.7 M | $498M | 8.89% | −46% |
| 5 | Meta Platforms META | 623,374 | $460M | 8.22% | −39% |
| 6 | Visa V | 1.2 M | $442M | 7.89% | −5.2% |
| 7 | Insight Enterprises NSIT | 2.9 M | $395M | 7.06% | −30% |
| 8 | Liberty Media | 4.0 M | $324M | 5.79% | +2.3% |
| 9 | Simpson Manufacturing SSD | 1.4 M | $218M | 3.90% | new |
| 10 | Rocket Companies RKT | 15.1 M | $214M | 3.83% | +125% |
| 11 | Mongodb MDB | 690,500 | $145M | 2.59% | new |
| 12 | Liberty Media | 1.8 M | $141M | 2.52% | +6.9% |
| 13 | Mr. Cooper Group COOP | 904,800 | $135M | 2.41% | new |
| 14 | Live Nation Entertainment LYV | 885,266 | $134M | 2.39% | no change |
| 15 | CBRE Group CBRE | 589,391 | $82.6M | 1.47% | new |
| 16 | Redfin RDFN | 5.8 M | $65.0M | 1.16% | new |
| 17 | Expedia Group EXPE | 278,356 | $47.0M | 0.84% | −75% |
| 18 | CCC Intelligent Solutions Holdings CCC | 2.9 M | $27.1M | 0.48% | new |
Positions it closed (2)
- Toast TOSTwas 1.88% · 2.6 M shares
- Nu Holdings NUwas 0.76% · 3.4 M shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.