{"url":"https://nivawealth.com/firms/valueact-capital-management-154249","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/154249","regulatoryAum":11281197574,"crd":"154249","secFileNumber":"801-71658","legalName":"Valueact Capital Management, L.P.","displayName":"Valueact Capital Management","website":"https://valueact.com","linkedinUrl":"https://www.linkedin.com/company/valueact-capital","founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"1 Letterman Drive, Building D, 4th Floor","city":"San Francisco","state":"CA","stateName":"California","country":"United States","postalCode":"94129"},"tradeNames":[],"registration":{"secApproved":"2 August 2010","noticeFilings":2,"latestNoticeFiling":"2 August 2010","inventory":{"sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_FIRM_SEC_Feed_10_15_2026.xml.gz","sourceAsOf":"2026-10-15","retrievedAt":"2026-10-16T03:16:53.781384+00:00","noticeFilings":[{"status":"Notice Filed","jurisdiction":"California","effectiveDate":"2010-08-02"},{"status":"Notice Filed","jurisdiction":"Texas","effectiveDate":"2010-08-02"}],"registrationStatus":[{"status":"Approved","jurisdiction":"SEC","effectiveDate":"2010-08-02"}]}},"staff":{"employees":31,"advisory":12,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":11281197574,"discretionaryAccounts":18,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":67,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":18,"regulatoryAum":11281197574}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Valueact Capital Management has custody of $11.27B for 18 clients.","otherCustodians":[],"leadership":[{"name":"David Hale","title":"Co-Chief Executive Officer","crd":"5154309"},{"name":"Garrison Morfit","title":"Co-Chief Executive Officer/Chief Investment Officer","crd":"3149941"},{"name":"Briana Zelaya","title":"Vice President","crd":"7504894"},{"name":"Christopher Allen","title":"Chief Financial Officer","crd":"6832899"},{"name":"Jason Breeding","title":"Chief Operating Officer/General Counsel","crd":"6486264"},{"name":"Sonia Muscatine","title":"Chief Compliance Officer","crd":"7852278"}],"ownership":[{"label":"Valueact Holdings II, L.P.","detail":"Limited partner in the 75% or more ownership band and a control person, since December 2018. Also a managing member of Valueact Capital Management, LLC in the 75% or more band and a control person, since December 2018."},{"label":"Valueact Holdings GP, LLC","detail":"Indirect owner: general partner of Valueact Holdings, LP and a control person, since November 2007.","parent":"Valueact Holdings, LP"},{"label":"Garrison Morfit","detail":"Indirect owner: member of the management board of Valueact Holdings GP, LLC and a control person, since November 2007.","parent":"Valueact Holdings GP, LLC"},{"label":"Briana Zelaya","detail":"Indirect owner: member of the management board of Valueact Holdings GP, LLC and a control person, since January 2022.","parent":"Valueact Holdings GP, LLC"},{"label":"Valueact Partnership II, L.P.","detail":"Indirect owner: a limited partner of Valueact Holdings II, L.P. in the 75% or more band and a control person, since December 2021.","parent":"Valueact Holdings II, L.P."},{"label":"Valueact Partnership GP, LLC","detail":"Indirect owner: general partner of Valueact Partnership II, L.P. and a control person, since September 2021.","parent":"Valueact Partnership II, L.P."},{"label":"David Hale","detail":"Indirect owner: member of the management board of Valueact Holdings GP, LLC and a control person, since August 2023.","parent":"Valueact Holdings GP, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"California","offices":2,"addresses":[{"street":"1 Letterman Drive, Building D, 4th Floor","city":"San Francisco","headquarters":true},{"street":"559 San Ysidro Road","city":"Santa Barbara"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"415-362-3700","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)"],"financialPlanningClients":null,"assetMix":[],"privateFunds":6},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/154249/PDF/154249.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Valueact Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Valueact Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Valueact Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Valueact Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Valueact Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}