Valueact Capital Management, L.P. (San Francisco)


Valueact Capital Management, L.P. is a large advisory firm based in San Francisco. It manages $13.95 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California and Texas.

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Valueact Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Valueact Capital Management: assets under management

The assets under management (AUM) of Valueact Capital Management, L.P. is $13.95 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 398% since the beginning of its operation, and $5.8 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $13.95 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $871.74 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Valueact Capital Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Garrison Mason Morfit serves?

The only and largest group of clients of Garrison Mason Morfit is pooled investment vehicles with 16 clients and $13.95 billion of assets under management. Among the 7 most similar advisory firms, Valueact Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $13.95 billion for 16 clients. 69% of the firm’s clients are foreign persons or businesses.

Valueact Capital Management also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Valueact Capital Management, L.P.

The company employs 48 people that are either part- or full-time employees. 42 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Garrison Mason Morfit has been acting as President since 1 Nov 2007. Jeffrey Williams Ubben has served as the Chief Investment Officer since 1 Jul 2000. Brandon Bridges Boze joined the executive team most recently as the Vice President.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Jeffrey Williams Ubben Chief executive officer/chief investment officer 1 Jul 2000 Other 1173701
George Felix Hamel Chief operating officer 1 Jul 2000 Other 1188836
Garrison Mason Morfit Vice president/partner/research/ 1 Jan 2001 Other 3149941
Valueact Capital Management Llc General partner 1 Dec 2004 Other 25-1905425
Jeffrey Williams Ubben Partner valueact & member of the general partner 1 Dec 2004 25% - 50% 1173701
George F. Hamel Partner valueact & member of the general partner 1 Dec 2004 Other 5037079
George Felix Hamel Partner valueact & member of the general partner 1 Dec 2004 Other 1188836
Garrison Mason Morfit Partner 1 Dec 2004 Other 3149941
Todd F Bourell Partner 1 Dec 2004 Other 2401613
Kelly Joseph Barlow Partner 1 Dec 2004 Other 2199670
Gregory Paul Spivy Partner 1 Dec 2004 Other 2172952
Allison Ascher Bennington General counsel 1 Dec 2004 Other 3178788
Ronald Yee Cfo 1 Dec 2004 Other 5037265
Peter H. Kamin Partner valueact & member of the general partner 1 Dec 2004 Other 5037079
Llc Valueact Capital Management General partner 1 Jan 2005 Other 25-1905425
L.P. Valueact Investors Partner 1 Jan 2005 Other 94-3377242
Allison Ascher Bennington General counsel 1 May 2005 Other 3178788
J. Michael Lawrie Partner 1 Jan 2006 Other 5063124
Chuck Wing Siu Chief financial officer 1 May 2006 Other 5808890
L.P. Valueact Holdings Limited partner 1 Oct 2007 75% - 100% 25-1905427
Garrison Mason Morfit President/partner/research 1 Nov 2007 Other 3149941
Chuck Wing Siu Chief financial officer 1 Apr 2008 Other 5808890
Dorothea Walsh Kennedy Chief compliance officer 1 Jan 2014 Other 6312871
Bradley Eric Singer Chief operating officer 1 Jan 2014 Other 2931462
Garrison Mason Morfit President/chief investment officer 1 Jul 2017 Other 3149941
Christopher Scott Allen Chief financial officer 1 Jul 2017 Other 6832899
Chris Scott Allen Chief financial officer 1 Jul 2017 Other 6832899
Brandon Bridges Boze Vice president 1 Jan 2018 Other 6916276

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Valueact Holdings L.P. Managing member 1 Oct 2007 Other 25-1905427
Valueact Holdings L.P. Managing member 1 Nov 2007 75% - 100% 25-1905427
Llc Valueact Holdings Gp General partner 1 Nov 2007 Other 71-1041343
Jeffrey Williams Ubben Member of the management board 1 Nov 2007 Other 1173701
George Felix Hamel Elected member of the management board 1 Nov 2007 Other 1188836

Based in San Francisco

The principal office where Valueact Capital Management, L.P. performs its advisory services is located at 1 Letterman Drive, Building D, San Francisco, CA 94129, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-362-3700 or by fax 415-362-5727. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at valueact.com.