Long Term Returns of ValueAct Capital’s 5 Activist Targets

2. CBRE Group Inc (NYSE:CBRE)

Quarter first owned: Q3 2011

Quarter sold: N/A

In CBRE Group Inc (NYSE:CBRE), ValueAct initiated a position during the third quarter of 2011 and continues to maintain 9.24 million shares as of the end of June 2023. The stock appreciated by around 160% since ValueAct added it to its equity portfolio. ValueAct has been closely involved with CBRE Group Inc (NYSE:CBRE), with its President and Partner Brandon Boze joining the board and 2012 and currently holding the board chair position.

Another investor bullish on CBRE Group Inc (NYSE:CBRE) is Third Avenue Management. In a recent investor letter, Third Avenue Management said that CBRE Group Inc (NYSE:CBRE) is likely to gain market share within its segment and “capitalize on other secular trends and ancillary opportunities longer-term (e.g., outsourcing, sustainability, “flex” offerings, et al).”