J
Jeffrey Ubben
ValueAct Holdings, L.P. · Holdings as of Dec 31, 2025, filed by Feb 15, 2026 · US long stock positions only
Boardroom activist
Reported value
$7B
16 positions shown
Copycat since 2016
3.04x
11% per year
vs SPY
behind
SPY 3.57x same window
Top position
CRM
11% of book
Copying these filings vs SPY $1 at every deadline since 2016
SPY 3.57x
Jeffrey Ubben 3.04x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
The book tile = share of the filed book · tap a tile for the ticker · Dec 2025
Symbol Value % of book vs prior quarter
CRM $793M
11%
added
AMZN $783M
11%
trimmed
RKT $762M
11%
added
BLK $744M
11%
new
META $692M
10%
added
V $603M
9%
added
MDB $590M
8%
trimmed
RBLX $484M
7%
added
DIS $350M
5%
trimmed
LLYVK $300M
4%
new
TOST $285M
4%
added
SSD $238M
3%
added
LLYVA $147M
2%
new
LYV $117M
2%
added
NSIT $99M
1%
trimmed
CBRE $38M
1%
unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.