ValueAct Capital
| History | Stock | Activity ▲ | Share change | % change to portfolio |
| Q1 2020 | ≡ | KKR - KKR & Co. L.P. | Reduce 1.71% | 784,200 | 0.26 | ≡ | BFH - Bread Financial Holdings Inc. | Sell 100.00% | 330,000 | 0.37 | ≡ | FDX - FedEx Corp. | Sell 100.00% | 590,000 | 0.90 |
| Q4 2019 | ≡ | BFH - Bread Financial Holdings Inc. | Reduce 91.10% | 3,377,646 | 3.79 | ≡ | MS - Morgan Stanley | Reduce 32.58% | 7,250,000 | 3.75 | ≡ | DAR - Darling Ingredients Inc. | Reduce 8.93% | 200,000 | 0.06 | ≡ | KKR - KKR & Co. L.P. | Reduce 4.81% | 2,315,800 | 0.68 | ≡ | C - Citigroup Inc. | Reduce 3.57% | 1,000,000 | 0.81 | ≡ | PSN - Parsons Corp. | Sell 100.00% | 298,000 | 0.11 | ≡ | PCG - PG&E Corp. | Sell 100.00% | 1,444,800 | 0.16 | ≡ | ACA - Arcosa Inc. | Sell 100.00% | 1,577,265 | 0.58 |
| Q3 2019 | ≡ | 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 | ≡ | 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 | ≡ | 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 | ≡ | 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 | ≡ | 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 | ≡ | FOX - Fox Corporation CL B | Reduce 46.32% | 24,700,000 | 11.02 |
| Q1 2018 | ≡ | 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 | ≡ | CBRE - CBRE Group | Reduce 13.72% | 3,961,557 | 1.74 | ≡ | BIVV - Bioverativ Inc. | Sell 100.00% | 1,270,619 | 0.73 | ≡ | WTW - Willis Towers Watson plc | Sell 100.00% | 2,980,008 | 4.61 | ≡ | BKR - Baker Hughes Co. | Sell 100.00% | 31,407,820 | 11.53 |
| Q3 2017 | ≡ | BIVV - Bioverativ Inc. | Reduce 82.26% | 5,893,273 | 3.39 | ≡ | WTW - Willis Towers Watson plc | Reduce 54.91% | 3,629,350 | 5.61 | ≡ | MSFT - Microsoft Corp. | Reduce 43.71% | 6,999,325 | 5.23 | ≡ | CBRE - CBRE Group | Reduce 16.00% | 5,500,000 | 2.09 | ≡ | NTCT - NetScout Systems | Sell 100.00% | 1,750,943 | 0.54 | ≡ | BHI - Baker Hughes OLD | Sell 100.00% | 31,407,820 | 15.29 |
| Q2 2017 | ≡ | MSFT - Microsoft Corp. | Reduce 30.42% | 6,999,290 | 4.31 | ≡ | NTCT - NetScout Systems | Reduce 23.87% | 549,057 | 0.17 | ≡ | WTW - Willis Towers Watson plc | Reduce 18.48% | 1,498,657 | 1.95 | ≡ | CBRE - CBRE Group | Reduce 17.90% | 7,494,770 | 2.44 | ≡ | BIVV - Bioverativ Inc. | Reduce 15.49% | 1,313,000 | 0.71 |
| Q1 2017 | ≡ | MSFT - Microsoft Corp. | Reduce 40.42% | 15,614,408 | 8.61 | ≡ | MS - Morgan Stanley | Reduce 33.52% | 9,016,380 | 3.23 | ≡ | ALSN - Allison Transmission Holdings | Sell 100.00% | 10,525,204 | 2.91 |
| Q4 2016 | ≡ | ALSN - Allison Transmission Holdings | Reduce 44.97% | 8,600,000 | 2.38 | ≡ | MS - Morgan Stanley | Reduce 35.80% | 14,999,000 | 5.20 | ≡ | BHI - Baker Hughes OLD | Reduce 8.29% | 2,478,380 | 1.32 |
| Q3 2016 | ≡ | MSFT - Microsoft Corp. | Reduce 31.79% | 18,000,000 | 9.02 | ≡ | BHI - Baker Hughes OLD | Reduce 23.14% | 9,000,000 | 3.95 | ≡ | MSCI - MSCI Inc. | Sell 100.00% | 1,300,900 | 0.91 |
| Q2 2016 | ≡ | MSCI - MSCI Inc. | Reduce 67.97% | 2,760,000 | 1.93 | ≡ | ADBE - Adobe Inc. | Sell 100.00% | 6,000 | 0.01 | ≡ | AGU - Agrium Inc. | Sell 100.00% | 3,170,300 | 2.79 | ≡ | MSI - Motorola Solutions Inc. | Sell 100.00% | 8,213,576 | 6.21 |
| Q1 2016 | ≡ | ADBE - Adobe Inc. | Reduce 99.96% | 14,004,739 | 23.34 | ≡ | AGU - Agrium Inc. | Reduce 68.31% | 6,833,151 | 6.01 | ≡ | WTW - Willis Towers Watson plc | Reduce 58.31% | 10,743,820 | 12.73 | ≡ | MSI - Motorola Solutions Inc. | Reduce 53.30% | 9,375,000 | 7.09 | ≡ | MSCI - MSCI Inc. | Reduce 35.82% | 2,266,411 | 1.67 | ≡ | TW-OLD - Towers Watson & Co. | Sell 100.00% | 725,000 | 0.64 | ≡ | HAL - Halliburton Co. | Sell 100.00% | 16,504,295 | 3.89 |
| Q4 2015 | ≡ | HAL - Halliburton Co. | Reduce 55.57% | 20,645,265 | 4.87 | ≡ | MSCI - MSCI Inc. | Reduce 32.03% | 2,982,000 | 1.49 | ≡ | MSFT - Microsoft Corp. | Reduce 24.78% | 18,649,321 | 7.16 | ≡ | AXP - American Express | Sell 100.00% | 11,300,000 | 4.87 |
| Q3 2015 | ≡ | ADBE - Adobe Inc. | Reduce 10.78% | 1,693,000 | 0.81 | ≡ | HAL - Halliburton Co. | Reduce 0.98% | 368,700 | 0.08 |
| Q2 2015 | ≡ | BHC - Bausch Health | Reduce 22.65% | 4,389,616 | 5.13 | ≡ | ADBE - Adobe Inc. | Reduce 1.89% | 303,014 | 0.13 | ≡ | WCC - WESCO International Inc. | Sell 100.00% | 1,064,800 | 0.41 | ≡ | PCP - Precision Castparts | Sell 100.00% | 569,185 | 0.66 |
| Q1 2015 | ≡ | AGU - Agrium Inc. | Reduce 2.83% | 231,893 | 0.13 | ≡ | COL - Rockwell Collins | Sell 100.00% | 4,465,000 | 2.36 |
| Q4 2014 | ≡ | COL - Rockwell Collins | Reduce 59.60% | 6,586,428 | 3.48 | ≡ | MSI - Motorola Solutions Inc. | Reduce 39.16% | 11,319,047 | 4.76 | ≡ | ADBE - Adobe Inc. | Reduce 32.91% | 7,853,363 | 3.58 | ≡ | CBRE - CBRE Group | Reduce 2.62% | 843,619 | 0.18 | ≡ | FOXA - Fox Corporation | Sell 100.00% | 4,600,000 | 1.06 |
| Q3 2014 | ≡ | COL - Rockwell Collins | Reduce 7.99% | 960,272 | 0.50 | ≡ | ADBE - Adobe Inc. | Reduce 2.85% | 700,000 | 0.32 |