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ValueAct Capital Increases Stake In Twenty-First Century Fox Inc (FOX)

Jeff Ubben’s ValueAct Capital increased its stake in Twenty-First Century Fox Inc (NASDAQ:FOX). In a newly amended filing with the Securities and Exchange Commission, ValueAct disclosed an activist position of 43.55 million class B shares, up from 31.39 million mentioned in the fund’s latest 13F filing. Following the increase, the stake amasses 5.5% of Twenty-First Century Fox’s class B stock.


ValueAct has been holding shares of Twenty-First Century Fox Inc (NASDAQ:FOX) for some time now. As we discussed last summer, the investor purchased an $1.0 billion position, as Twenty-First Century Fox Inc (NASDAQ:FOX) had been in talks to acquire Time Warner (NYSE:TWX).

ValueAct is an activist fund that was co-founded by Jeff Ubben in 2000. Prior to ValueAct, Ubben was managing partner at Richard Blum’s Blum Capital Partners. Ubben holds an MBA from the J. L. Kellogg Graduate School of Management at Northwestern University and a B.A. from Duke University.

ValueAct has about $18 billion in assets under management. The fund likes to invest in companies and quietly make changes from the inside. The typical holding period can last anywhere up to three years. ValueAct recently played a part in Armstrong World Industries (NYSE:AWI)’s decision to split its flooring business and ceiling business. Its other investments include Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Microsoft Corporation (NASDAQ:MSFT), and others. Click here to see Ubben’s other stock picks.

Disclosure: None