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Valueact Capital Management

SEC-registered adviser since 2010San Francisco, CACRD 154249

$11.3B
AUM
18
Clients
See fees
Fee
12
Advisory staff

From Form ADV filed 30 March 2026 · data retrieved 15 October 2026SEC record

Valueact Capital Management is an investment adviser headquartered in San Francisco, California, and registered with the SEC since 2010. Its clients include pooled investment vehicles.

Its services include portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. Valueact Holdings II, L.P. owns 75% or more of Valueact Capital Management, and David Hale is its CEO.

Clients

Valueact Capital Management serves 18 clients. The average client has about $627 million with the firm.

Regulatory assets by client type
  • Pooled investment vehicles18 clients100%
Show client breakdown
Pooled investment vehicles
Clients
18
Regulatory AUM
$11,281,197,574
Share
100.0%
Avg. per client
$626.7M

Total

Clients
18
Regulatory AUM
$11,281,197,574
Share
100%
Avg. per client
$626.7M

What it does

Valueact Capital Management provides portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Valueact Capital Management advises 6 private funds.

100.0% of assets ($11.28B across 18 accounts) are managed with discretion. 67% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.

Custodians

Valueact Capital Management has custody of $11.27B for 18 clients.

Managed account assets by custodian
  • All other custodians$11.28B100%

Ownership and leadership

Valueact Holdings II, L.P. owns 75% or more of Valueact Capital Management, and David Hale is its CEO.

Who owns the firm
Valueact Capital Management, L.P.· the adviser

  • Valueact Holdings II, L.P.

    Control person · since December 2018

    Owns 75% or more of Valueact Capital Management, L.P.

  • Valueact Holdings GP, LLC

    General partner of Valueact Holdings, LP · Control person · since November 2007

Leadership

  • David Hale
    Co-Chief Executive Officer
  • Garrison Morfit
    Co-Chief Executive Officer/Chief Investment Officer
  • Briana Zelaya
    Vice President
  • Christopher Allen
    Chief Financial Officer
  • Jason Breeding
    Chief Operating Officer/General Counsel
  • Sonia Muscatine
    Chief Compliance Officer

Staff

  • 31 employees
  • 12 in advisory functions

Fees

Valueact Capital Management is paid through a percentage of assets under management and performance-based fees.

Brochure fee details have not yet been processed for this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Valueact Capital Management has 1 office, with 2 listed addresses in 1 state.

Listed office addresses by state

California · 2 listed addresses

  • 1 Letterman Drive, Building D, 4th Floor, San FranciscoHQ
  • 559 San Ysidro Road, Santa Barbara

Registration details

Legal name
Valueact Capital Management, L.P.
Headquarters
1 Letterman Drive, Building D, 4th Floor, San Francisco, CA 94129
Phone
415-362-3700
Website
valueact.com
SEC file
801-71658
Structure
Delaware limited partnership
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Valueact Capital Management have?

Valueact Capital Management has 18 clients and manages $11.3 billion for them, as of March 2026.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026

What services does Valueact Capital Management offer?

Valueact Capital Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Valueact Capital Management have?

Valueact Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 31 employees, and 12 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Valueact Capital Management?

Valueact Capital Management’s direct owner is Valueact Holdings II, L.P. (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026

How does Valueact Capital Management get paid?

Valueact Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 30 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 154249.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Valueact Capital Management, L.P. and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.