ValueAct Capital disclosed in its second-quarter 13F filing that it increased its positions in Amazon.com and Rocket Companies, two of the firm's largest disclosed holdings. The fund added 57,100 Amazon shares, bringing its stake to 2.94 million shares valued at about $701.1 million at quarter-end. Its addition to Rocket was much larger: ValueAct purchased 13.45 million shares, raising its position by nearly 48% to 41.67 million shares, a stake valued at approximately $656.3 million as of June 30. Rocket Companies, best known for its Rocket Mortgage online lending business, is down about 33% so far this year and is evolving into a broader homeownership platform following its acquisitions of Redfin and Mr. Cooper. About 70% of Rocket's revenue is recurring or less sensitive to interest rates, though the company remains exposed to a weak housing market, with the 30-year fixed mortgage rate climbing for four straight weeks to nearly 7%, its highest level since January 2025.
Rocket Companies IncValueAct raised its Rocket stake nearly 48% to 41.67 million shares, a vote of confidence amid a 33% YTD decline.
Amazon.com IncValueAct increased its Amazon stake by 57,100 shares to 2.94 million shares worth ~$701.1 million in Q2.
