ValueAct Capital
| History | Stock | Activity ▼ | Share change | % change to portfolio |
| Q3 2017 | ≡ | MSFT - Microsoft Corp. | Reduce 43.71% | 6,999,325 | 5.23 | ≡ | WTW - Willis Towers Watson plc | Reduce 54.91% | 3,629,350 | 5.61 | ≡ | BIVV - Bioverativ Inc. | Reduce 82.26% | 5,893,273 | 3.39 | ≡ | BHI - Baker Hughes OLD | Sell 100.00% | 31,407,820 | 15.29 | ≡ | NTCT - NetScout Systems | Sell 100.00% | 1,750,943 | 0.54 |
| Q2 2017 | ≡ | STX - Seagate Technology | Add 44.83% | 4,276,275 | 1.48 | ≡ | AFIIQ - Armstrong Flooring Inc. | Add 0.20% | 9,071 | 0.00 | ≡ | KKR - KKR & Co. L.P. | Buy | 5,000,000 | 0.83 | ≡ | BIVV - Bioverativ Inc. | Reduce 15.49% | 1,313,000 | 0.71 | ≡ | CBRE - CBRE Group | Reduce 17.90% | 7,494,770 | 2.44 | ≡ | WTW - Willis Towers Watson plc | Reduce 18.48% | 1,498,657 | 1.95 | ≡ | NTCT - NetScout Systems | Reduce 23.87% | 549,057 | 0.17 | ≡ | MSFT - Microsoft Corp. | Reduce 30.42% | 6,999,290 | 4.31 |
| Q1 2017 | ≡ | NTCT - NetScout Systems | Add 39.82% | 655,000 | 0.21 | ≡ | BHC - Bausch Health | Add 20.03% | 3,002,963 | 0.28 | ≡ | BHI - Baker Hughes OLD | Add 14.59% | 4,000,000 | 2.00 | ≡ | BFH - Bread Financial Holdings Inc. | Add 12.03% | 630,900 | 1.31 | ≡ | BIVV - Bioverativ Inc. | Buy | 8,476,892 | 3.86 | ≡ | MS - Morgan Stanley | Reduce 33.52% | 9,016,380 | 3.23 | ≡ | MSFT - Microsoft Corp. | Reduce 40.42% | 15,614,408 | 8.61 | ≡ | ALSN - Allison Transmission Holdings | Sell 100.00% | 10,525,204 | 2.91 |
| Q4 2016 | ≡ | TRN - Trinity Industries | Add 25.45% | 3,161,605 | 0.72 | ≡ | CBRE - CBRE Group | Add 20.95% | 7,253,196 | 1.88 | ≡ | FOX - Fox Corporation CL B | Add 5.96% | 3,000,000 | 0.67 | ≡ | BFH - Bread Financial Holdings Inc. | Add 4.93% | 246,500 | 0.46 | ≡ | MSFT - Microsoft Corp. | Add 0.00% | 1,819 | 0.00 | ≡ | NTCT - NetScout Systems | Buy | 1,645,000 | 0.43 | ≡ | BHI - Baker Hughes OLD | Reduce 8.29% | 2,478,380 | 1.32 | ≡ | MS - Morgan Stanley | Reduce 35.80% | 14,999,000 | 5.20 | ≡ | ALSN - Allison Transmission Holdings | Reduce 44.97% | 8,600,000 | 2.38 |
| Q3 2016 | ≡ | STX - Seagate Technology | Add 217.98% | 6,539,490 | 2.19 | ≡ | TRN - Trinity Industries | Add 107.02% | 6,421,000 | 1.35 | ≡ | BFH - Bread Financial Holdings Inc. | Add 52.07% | 1,712,090 | 3.19 | ≡ | MS - Morgan Stanley | Add 10.26% | 3,900,000 | 1.09 | ≡ | FOX - Fox Corporation CL B | Add 6.34% | 3,000,000 | 0.65 | ≡ | CBRE - CBRE Group | Add 5.11% | 1,684,260 | 0.41 | ≡ | BHI - Baker Hughes OLD | Reduce 23.14% | 9,000,000 | 3.95 | ≡ | MSFT - Microsoft Corp. | Reduce 31.79% | 18,000,000 | 9.02 | ≡ | MSCI - MSCI Inc. | Sell 100.00% | 1,300,900 | 0.91 |
| Q2 2016 | ≡ | BFH - Bread Financial Holdings Inc. | Add 507.62% | 2,746,795 | 4.89 | ≡ | BHI - Baker Hughes OLD | Add 67.28% | 15,639,500 | 6.41 | ≡ | WTW - Willis Towers Watson plc | Add 5.57% | 428,000 | 0.48 | ≡ | CBRE - CBRE Group | Add 0.01% | 3,889 | 0.00 | ≡ | MSFT - Microsoft Corp. | Add 0.00% | 908 | 0.00 | ≡ | MS - Morgan Stanley | Buy | 38,000,000 | 8.96 | ≡ | TRN - Trinity Industries | Buy | 6,000,000 | 1.01 | ≡ | AFIIQ - Armstrong Flooring Inc. | Buy | 4,600,000 | 0.71 | ≡ | STX - Seagate Technology | Buy | 3,000,000 | 0.66 | ≡ | MSCI - MSCI Inc. | Reduce 67.97% | 2,760,000 | 1.93 | ≡ | MSI - Motorola Solutions Inc. | Sell 100.00% | 8,213,576 | 6.21 | ≡ | AGU - Agrium Inc. | Sell 100.00% | 3,170,300 | 2.79 | ≡ | ADBE - Adobe Inc. | Sell 100.00% | 6,000 | 0.01 |
| Q1 2016 | ≡ | CBRE - CBRE Group | Add 5.12% | 1,604,500 | 0.46 | ≡ | BFH - Bread Financial Holdings Inc. | Buy | 541,115 | 1.19 | ≡ | MSCI - MSCI Inc. | Reduce 35.82% | 2,266,411 | 1.67 | ≡ | MSI - Motorola Solutions Inc. | Reduce 53.30% | 9,375,000 | 7.09 | ≡ | WTW - Willis Towers Watson plc | Reduce 58.31% | 10,743,820 | 12.73 | ≡ | AGU - Agrium Inc. | Reduce 68.31% | 6,833,151 | 6.01 | ≡ | ADBE - Adobe Inc. | Reduce 99.96% | 14,004,739 | 23.34 | ≡ | HAL - Halliburton Co. | Sell 100.00% | 16,504,295 | 3.89 | ≡ | TW-OLD - Towers Watson & Co. | Sell 100.00% | 725,000 | 0.64 |
| Q4 2015 | ≡ | TW-OLD - Towers Watson & Co. | Add 119.70% | 395,000 | 0.35 | ≡ | MSFT - Microsoft Corp. | Reduce 24.78% | 18,649,321 | 7.16 | ≡ | MSCI - MSCI Inc. | Reduce 32.03% | 2,982,000 | 1.49 | ≡ | HAL - Halliburton Co. | Reduce 55.57% | 20,645,265 | 4.87 | ≡ | AXP - American Express | Sell 100.00% | 11,300,000 | 4.87 |
| Q3 2015 | ≡ | FOX - Fox Corporation CL B | Add 6.16% | 2,745,000 | 0.43 | ≡ | AXP - American Express | Add 1.80% | 200,000 | 0.09 | ≡ | MSCI - MSCI Inc. | Add 0.00% | 351 | 0.00 | ≡ | MSFT - Microsoft Corp. | Add 0.00% | 1,662 | 0.00 | ≡ | TW-OLD - Towers Watson & Co. | Buy | 330,000 | 0.23 | ≡ | HAL - Halliburton Co. | Reduce 0.98% | 368,700 | 0.08 | ≡ | ADBE - Adobe Inc. | Reduce 10.78% | 1,693,000 | 0.81 |
| Q2 2015 | ≡ | FOX - Fox Corporation CL B | Add 42.05% | 13,196,334 | 2.24 | ≡ | AGU - Agrium Inc. | Add 25.62% | 2,040,446 | 1.14 | ≡ | HAL - Halliburton Co. | Add 11.14% | 3,761,500 | 0.85 | ≡ | CBRE - CBRE Group | Add 0.02% | 5,175 | 0.00 | ≡ | AXP - American Express | Buy | 11,100,000 | 4.54 | ≡ | ADBE - Adobe Inc. | Reduce 1.89% | 303,014 | 0.13 | ≡ | BHC - Bausch Health | Reduce 22.65% | 4,389,616 | 5.13 | ≡ | PCP - Precision Castparts | Sell 100.00% | 569,185 | 0.66 | ≡ | WCC - WESCO International Inc. | Sell 100.00% | 1,064,800 | 0.41 |
| Q1 2015 | ≡ | HAL - Halliburton Co. | Add 61.55% | 12,861,760 | 3.12 | ≡ | BHI - Baker Hughes OLD | Add 55.00% | 8,249,200 | 2.90 | ≡ | FOX - Fox Corporation CL B | Add 3.58% | 1,085,000 | 0.20 | ≡ | MSFT - Microsoft Corp. | Add 1.39% | 1,033,186 | 0.23 | ≡ | PCP - Precision Castparts | Buy | 569,185 | 0.66 | ≡ | WCC - WESCO International Inc. | Buy | 1,064,800 | 0.41 | ≡ | AGU - Agrium Inc. | Reduce 2.83% | 231,893 | 0.13 | ≡ | COL - Rockwell Collins | Sell 100.00% | 4,465,000 | 2.36 |
| Q4 2014 | ≡ | AGU - Agrium Inc. | Add 57.09% | 2,978,145 | 1.77 | ≡ | FOX - Fox Corporation CL B | Add 20.24% | 5,100,000 | 1.18 | ≡ | ALSN - Allison Transmission Holdings | Add 6.10% | 1,100,000 | 0.23 | ≡ | BHC - Bausch Health | Add 2.43% | 460,000 | 0.41 | ≡ | MSFT - Microsoft Corp. | Add 0.00% | 774 | 0.00 | ≡ | BHI - Baker Hughes OLD | Buy | 14,997,500 | 5.27 | ≡ | HAL - Halliburton Co. | Buy | 20,895,000 | 5.15 | ≡ | CBRE - CBRE Group | Reduce 2.62% | 843,619 | 0.18 | ≡ | ADBE - Adobe Inc. | Reduce 32.91% | 7,853,363 | 3.58 | ≡ | MSI - Motorola Solutions Inc. | Reduce 39.16% | 11,319,047 | 4.76 |