Jeff Ubben bets on the value bets of Dollar, Visa and Spotify in Q3: Is this a clever move? – Live Nation Entertainment (NYSE:LYV), Salesforce (NYSE:CRM)
ValueAct Holtings, LP On November 14, its third-quarter portfolio was disclosed in a 13F filing with the U.S. Securities and Exchange Commission.
what happened: Radical hedge funds have made major adjustments and increased their shares Meta Platform Yuan,,,,, Visa Inc. Vand Live Nation Entertainment, Inc. Lef While exiting its shares Spotify technology point.
Since then, these investments have undergone significant price changes. This is a malfunction:
| property | Inventory units | Share price November 14 ($) | Today’s price ($) | Percentage change | Value of November 14 ($) | Value as of February 5 ($) | Profit/loss ($) |
|---|---|---|---|---|---|---|---|
| Yuan | 211,500 | 577.16 | 710.31 | 23.06% | 122.07 million | 150.23 million | +28 million |
| visa | 373,600 | 308.25 | 348.22 | 12.96% | 115.16 million | 1.3009 million | +15 million |
| Live the country | 1.01 million | 129.19 | 148.44 | 14.90% | 1.3108 million | 150.61 million | +20 million |
| Spotify (Exit location) | 676,553 | 477.50 | 617.89 | 29.40% | 302.76 million | 41.84 million | +115 million |
Live Nation, Visa and Meta have all experienced double-digit growth since their submission. Despite the valuation exit, Spotify recorded the biggest growth at 29.40%.
See also: Disney Q1 Revenue: Revenue and EPS BEAT, MOANA 2 and MUFASA POWER Operating Revenue, Streaming Subscribers Fall 700,000
Why it matters: ValueAct, known for its aggressive investment approach, often uses event-driven strategies to influence company policies and increase company value. CEO Mason Morfit Leading the company, the company has built a reputation for collaborative, constructivist styles compared to more of the adversarial activist fund. A ValueAct spokesman confirmed to Benzinga that the company has raised $1 billion in shares in Meta.
Co-founded Jeff Ubben In 2000, ValueAct Capital had a long history of investing in technology companies and other growth sectors in San Francisco.
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