ValueAct Capital is a San Francisco-based investment company with a portfolio value calculated at about $9.269 billion on behalf of several institutional and individual investors. The company is a privately owned hedge fund that invests in the public equity markets.

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.

Investor actions

ValueAct Capital is a very active investor that identifies companies that appear to be out of favor or may be undergoing a significant transition. ValueAct makes a significant investment into the company and then works with the company to make changes with the goal of increasing long-term stock value and thus creating a profit for ValueAct.

Rolls-Royce

In August 2020, the company sold all of the stake capital of

Rolls-Royce Rolls-Royce (always hyphenated) may refer to: * Rolls-Royce Limited, a British manufacturer of cars and later aero engines, founded in 1906, now defunct Automobiles * Rolls-Royce Motor Cars, the current car manufacturing company incorporated in ...

Microsoft

In May 2013 ValueAct Capital revealed that it had purchased $2 billion worth of

Microsoft Microsoft Corporation is an American multinational technology corporation producing computer software, consumer electronics, personal computers, and related services headquartered at the Microsoft Redmond campus located in Redmond, Washing ...

stock (less than 1%). Shortly thereafter the company made public announcements that it sought to join the board of Microsoft if the company did not increase its stock price through a stock buyback program or a larger dividend. The threat was seen as one of the reasons that

Steve Ballmer Steven Anthony Ballmer (; March 24, 1956) is an American business magnate and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He is the current owner of the Los Angeles Clippers of the National Basketball Associ ...

decided to leave

The New York Times Company

ValueAct disclosed a 7% stake in

The New York Times Company The New York Times Company is an American mass media company that publishes ''The New York Times''. Its headquarters are in Manhattan, New York City. History The company was founded by Henry Jarvis Raymond and George Jones in New York City. T ...

in August 2022. ValueAct aims to encourage the company to more actively pursue the sale of "bundled" subscriptions to its various offerings.

References

External links

{{DEFAULTSORT:ValueAct Capital Hedge fund firms in California Financial services companies established in 2000 Companies based in San Francisco