ValueAct Capital
| History | Stock | Activity ▲ | Share change | % change to portfolio |
| Q3 2019 | ≡ | PCG - PG&E Corp. | Buy | 1,444,800 | 0.16 | ≡ | LKQ - LKQ Corp. | Buy | 16,032,718 | 5.44 | ≡ | PSN - Parsons Corp. | Reduce 83.49% | 1,507,000 | 0.56 | ≡ | ACA - Arcosa Inc. | Reduce 62.81% | 2,663,698 | 0.98 | ≡ | CBRE - CBRE Group | Reduce 22.68% | 3,000,000 | 1.72 | ≡ | MS - Morgan Stanley | Reduce 15.17% | 3,978,561 | 1.83 | ≡ | C - Citigroup Inc. | Reduce 11.10% | 3,500,000 | 2.61 | ≡ | KKR - KKR & Co. L.P. | Reduce 5.13% | 2,600,000 | 0.75 | ≡ | LIND - Lindblad Expeditions Hldgs Inc. | Reduce 5.05% | 152,110 | 0.03 | ≡ | EIX - Edison Int'l | Sell 100.00% | 700,000 | 0.49 | ≡ | XPO - XPO Logistics | Sell 100.00% | 1,000,000 | 0.60 | ≡ | BKNG - Booking Holdings Inc. | Sell 100.00% | 35,000 | 0.69 |
| Q2 2019 | ≡ | CBRE - CBRE Group | Add 0.03% | 4,216 | 0.00 | ≡ | LIND - Lindblad Expeditions Hldgs Inc. | Add 4.20% | 121,467 | 0.02 | ≡ | STX - Seagate Technology | Add 6.89% | 2,034,200 | 1.00 | ≡ | UFI - Unifi Inc. | Add 14.81% | 167,500 | 0.03 | ≡ | DAR - Darling Ingredients Inc. | Add 51.20% | 585,000 | 0.12 | ≡ | AES - AES Corp. | Add 165.04% | 2,582,000 | 0.45 | ≡ | EIX - Edison Int'l | Buy | 700,000 | 0.49 | ≡ | XPO - XPO Logistics | Buy | 1,000,000 | 0.60 | ≡ | BKNG - Booking Holdings Inc. | Buy | 35,000 | 0.69 | ≡ | PSN - Parsons Corp. | Buy | 1,805,000 | 0.69 | ≡ | TSG - The Stars Group Inc. | Buy | 13,630,000 | 2.43 | ≡ | AFIIQ - Armstrong Flooring Inc. | Reduce 73.50% | 3,392,031 | 0.36 | ≡ | STRA - Strategic Education Inc. | Reduce 46.41% | 202,476 | 0.37 | ≡ | BFH - Bread Financial Holdings Inc. | Reduce 28.80% | 1,500,000 | 2.19 | ≡ | ACA - Arcosa Inc. | Reduce 26.13% | 1,500,000 | 0.59 | ≡ | HE - Hawaiian Electric Industries | Reduce 17.53% | 250,000 | 0.11 | ≡ | BHC - Bausch Health | Reduce 0.56% | 101,555 | 0.03 | ≡ | AWI - Armstrong World Industries Inc. | Sell 100.00% | 63,910 | 0.06 | ≡ | PCG - PG&E Corp. | Sell 100.00% | 1,000,000 | 0.20 |
| Q1 2019 | ≡ | UFI - Unifi Inc. | Add 0.29% | 3,223 | 0.00 | ≡ | STRA - Strategic Education Inc. | Add 7.78% | 31,500 | 0.05 | ≡ | STX - Seagate Technology | Add 8.15% | 2,225,000 | 1.17 | ≡ | LIND - Lindblad Expeditions Hldgs Inc. | Add 25.66% | 590,259 | 0.10 | ≡ | EVA - Enviva Partners LP | Add 128.60% | 930,611 | 0.33 | ≡ | DAR - Darling Ingredients Inc. | Add 533.58% | 962,200 | 0.23 | ≡ | PCG - PG&E Corp. | Buy | 1,000,000 | 0.20 | ≡ | AWI - Armstrong World Industries Inc. | Reduce 97.15% | 2,181,000 | 2.05 | ≡ | CBRE - CBRE Group | Reduce 33.63% | 6,700,000 | 3.64 | ≡ | ACA - Arcosa Inc. | Reduce 19.55% | 1,395,000 | 0.47 | ≡ | HE - Hawaiian Electric Industries | Reduce 5.41% | 81,548 | 0.04 | ≡ | BE - Bloom Energy Corp. | Sell 100.00% | 250,000 | 0.06 | ≡ | ARMK - Aramark | Sell 100.00% | 229,230 | 0.12 |
| Q4 2018 | ≡ | CBRE - CBRE Group | Add 0.02% | 4,453 | 0.00 | ≡ | KKR - KKR & Co. L.P. | Add 2.01% | 1,000,000 | 0.24 | ≡ | AES - AES Corp. | Add 2.29% | 35,000 | 0.01 | ≡ | TRN - Trinity Industries | Add 2.30% | 492,109 | 0.13 | ≡ | STX - Seagate Technology | Add 3.40% | 898,595 | 0.43 | ≡ | EVA - Enviva Partners LP | Add 4.57% | 31,621 | 0.01 | ≡ | C - Citigroup Inc. | Add 20.21% | 5,300,000 | 3.44 | ≡ | UFI - Unifi Inc. | Add 21.91% | 202,679 | 0.06 | ≡ | HE - Hawaiian Electric Industries | Add 25.90% | 310,034 | 0.14 | ≡ | MS - Morgan Stanley | Add 26.04% | 5,418,091 | 2.68 | ≡ | LIND - Lindblad Expeditions Hldgs Inc. | Add 36.02% | 609,272 | 0.10 | ≡ | STRA - Strategic Education Inc. | Add 67.15% | 162,600 | 0.23 | ≡ | BE - Bloom Energy Corp. | Buy | 250,000 | 0.06 | ≡ | ARMK - Aramark | Buy | 229,230 | 0.12 | ≡ | DAR - Darling Ingredients Inc. | Buy | 180,328 | 0.16 | ≡ | ACA - Arcosa Inc. | Buy | 7,135,963 | 2.46 | ≡ | AWI - Armstrong World Industries Inc. | Reduce 57.03% | 2,980,000 | 2.16 | ≡ | BFH - Bread Financial Holdings Inc. | Reduce 14.39% | 875,000 | 1.63 | ≡ | GEN - Gen Digital Inc. | Sell 100.00% | 500,000 | 0.10 | ≡ | XRAY - DENTSPLY SIRONA Inc. | Sell 100.00% | 2,200,000 | 0.82 |
| Q3 2018 | ≡ | EVA - Enviva Partners LP | Add 0.96% | 6,576 | 0.00 | ≡ | C - Citigroup Inc. | Add 4.17% | 1,050,000 | 0.74 | ≡ | SLM - SLM Corp. | Add 4.20% | 1,578,846 | 0.17 | ≡ | MS - Morgan Stanley | Add 11.23% | 2,100,850 | 0.96 | ≡ | STX - Seagate Technology | Add 17.82% | 3,991,865 | 1.86 | ≡ | STRA - Strategic Education Inc. | Add 25.17% | 48,684 | 0.07 | ≡ | GEN - Gen Digital Inc. | Buy | 500,000 | 0.10 | ≡ | HE - Hawaiian Electric Industries | Buy | 1,197,261 | 0.42 | ≡ | XRAY - DENTSPLY SIRONA Inc. | Buy | 2,200,000 | 0.82 | ≡ | AWI - Armstrong World Industries Inc. | Reduce 23.75% | 1,627,702 | 1.12 | ≡ | FOX - Fox Corporation CL B | Sell 100.00% | 28,626,334 | 12.77 |
| Q2 2018 | ≡ | AFIIQ - Armstrong Flooring Inc. | Add 0.12% | 5,716 | 0.00 | ≡ | BHC - Bausch Health | Add 0.12% | 21,612 | 0.00 | ≡ | BFH - Bread Financial Holdings Inc. | Add 3.49% | 205,246 | 0.43 | ≡ | MS - Morgan Stanley | Add 4.18% | 750,000 | 0.32 | ≡ | STX - Seagate Technology | Add 4.41% | 946,100 | 0.48 | ≡ | C - Citigroup Inc. | Add 55.40% | 8,975,500 | 5.44 | ≡ | SLM - SLM Corp. | Add 408.18% | 30,205,408 | 3.13 | ≡ | EVA - Enviva Partners LP | Buy | 685,453 | 0.18 | ≡ | AES - AES Corp. | Buy | 1,529,500 | 0.19 | ≡ | LIND - Lindblad Expeditions Hldgs Inc. | Buy | 1,691,300 | 0.20 | ≡ | STRA - Strategic Education Inc. | Buy | 193,457 | 0.20 | ≡ | UFI - Unifi Inc. | Buy | 925,000 | 0.27 | ≡ | FOX - Fox Corporation CL B | Reduce 46.32% | 24,700,000 | 11.02 |
| Q1 2018 | ≡ | BHC - Bausch Health | Add 0.01% | 1,510 | 0.00 | ≡ | KKR - KKR & Co. L.P. | Add 4.08% | 1,950,000 | 0.40 | ≡ | TRN - Trinity Industries | Add 15.05% | 2,800,539 | 0.92 | ≡ | C - Citigroup Inc. | Add 1372.73% | 15,100,000 | 10.22 | ≡ | SLM - SLM Corp. | Buy | 7,400,000 | 0.83 | ≡ | AWI - Armstrong World Industries Inc. | Reduce 25.54% | 2,350,000 | 1.33 | ≡ | CBRE - CBRE Group | Reduce 20.07% | 5,000,000 | 2.37 | ≡ | ESRX - Express Scripts | Sell 100.00% | 1,200,000 | 0.91 | ≡ | MSFT - Microsoft Corp. | Sell 100.00% | 9,014,063 | 7.80 |
| Q4 2017 | ≡ | MSFT - Microsoft Corp. | Add 0.01% | 589 | 0.00 | ≡ | MS - Morgan Stanley | Add 0.42% | 75,000 | 0.04 | ≡ | KKR - KKR & Co. L.P. | Add 4.82% | 2,194,084 | 0.47 |