ValueAct Capital

History Stock Activity Share change % change to portfolio
Q2  2015
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
COL - Rockwell Collins Reduce 59.60% 6,586,428 3.48
FOXA - Fox Corporation Sell 100.00% 4,600,000 1.06
Q3  2014
FOX - Fox Corporation CL B Add 846.27% 22,536,917 5.04
AWI - Armstrong World Industries Inc. Add 240.74% 6,500,000 2.44
WTW - Willis Towers Watson plc Add 0.01% 1,235 0.00
MSFT - Microsoft Corp. Add 0.00% 827 0.00
AGU - Agrium Inc. Buy 5,216,753 3.11
FOXA - Fox Corporation Buy 4,600,000 1.06
MSCI - MSCI Inc. Reduce 0.35% 32,328 0.01
ADBE - Adobe Inc. Reduce 2.85% 700,000 0.32
COL - Rockwell Collins Reduce 7.99% 960,272 0.50
DRC - Dresser Rand Group Inc. Sell 100.00% 4,358,408 2.05
EXPD - Expeditors Int'l Sell 100.00% 905,364 0.30
KAR - KAR Auction Services Sell 100.00% 803,628 0.19
Q2  2014
MSCI - MSCI Inc. Add 14.85% 1,208,171 0.41
MSFT - Microsoft Corp. Add 4.14% 2,951,112 0.91
CBRE - CBRE Group Add 0.01% 3,085 0.00
AWI - Armstrong World Industries Inc. Buy 2,700,000 1.15
FOX - Fox Corporation CL B Buy 2,663,083 0.67
ADBE - Adobe Inc. Reduce 2.96% 750,000 0.40
COL - Rockwell Collins Reduce 8.39% 1,100,000 0.64
DRC - Dresser Rand Group Inc. Reduce 12.98% 650,000 0.31
EXPD - Expeditors Int'l Reduce 58.60% 1,281,336 0.42
GEN - Gen Digital Inc. Sell 100.00% 7,591,219 1.14
MCRS - MICROS Systems Sell 100.00% 2,272,552 0.91
Q1  2014
DRC - Dresser Rand Group Inc. Add 660.90% 4,350,186 1.92
MSCI - MSCI Inc. Add 9.11% 679,000 0.22
MSFT - Microsoft Corp. Add 6.61% 4,420,000 1.37
WTW - Willis Towers Watson plc Add 1.14% 207,900 0.07
GEN - Gen Digital Inc. Buy 7,591,219 1.14
EXPD - Expeditors Int'l Buy 2,186,700 0.65
COL - Rockwell Collins Reduce 0.01% 1,300 0.00
MCRS - MICROS Systems Reduce 66.07% 4,424,756 1.77
Q4  2013
ALSN - Allison Transmission Holdings Add 289.72% 13,400,000 3.06
MSCI - MSCI Inc. Add 0.81% 60,100 0.02
DRC - Dresser Rand Group Inc. Buy 658,222 0.32
ADBE - Adobe Inc. Reduce 19.15% 5,993,246 2.97
CF - CF Industries Holdings Inc. Sell 100.00% 7,061,000 2.69
MOS - Mosaic Co. Sell 100.00% 575,944 0.22
VLO - Valero Energy Sell 100.00% 637,747 0.20
Q3  2013
CF - CF Industries Holdings Inc. Add 41.22% 2,061,000 0.79
MSCI - MSCI Inc. Add 19.25% 1,193,395 0.43
COL - Rockwell Collins Add 17.29% 1,932,991 1.18
MSFT - Microsoft Corp. Add 15.78% 9,115,530 2.74
CBRE - CBRE Group Add 0.50% 161,300 0.03
ALSN - Allison Transmission Holdings Buy 4,625,204 1.05
MOS - Mosaic Co. Buy 575,944 0.22
VLO - Valero Energy Buy 637,747 0.20
BCR - Bard (C.R.) Inc. Sell 100.00% 758,704 0.85
GDI-OLD - Gardner Denver Holdings Inc. Sell 100.00% 643,400 0.50
TECH - Bio-Techne Corp. Sell 100.00% 248,016 0.04
Q2  2013
MSFT - Microsoft Corp. Add 73.15% 24,396,487 8.65
MCRS - MICROS Systems Add 13.04% 772,502 0.34
WTW - Willis Towers Watson plc Add 10.39% 1,714,700 0.72
BHC - Bausch Health Add 7.77% 1,364,575 1.21
MSCI - MSCI Inc. Add 0.67% 41,409 0.01
COL - Rockwell Collins Add 0.01% 1,000 0.00
CBRE - CBRE Group Add 0.00% 1,464 0.00
CF - CF Industries Holdings Inc. Buy 5,000,000 1.76
TECH - Bio-Techne Corp. Buy 248,016 0.04
GDI-OLD - Gardner Denver Holdings Inc. Reduce 74.34% 1,864,350 1.45
BCR - Bard (C.R.) Inc. Reduce 79.02% 2,857,604 3.20
SPGI - S&P Global Inc. Sell 100.00% 1,462,472 0.86
ALB - Albemarle Corp. Sell 100.00% 956,153 0.68
TIBX - TIBCO Software Sell 100.00% 388,103 0.09
Q1  2013
WTW - Willis Towers Watson plc Add 46.20% 5,214,310 2.33
COL - Rockwell Collins Add 6.03% 636,109 0.45
MSFT - Microsoft Corp. Buy 33,353,513 10.79
MCRS - MICROS Systems Buy 5,924,806 3.05
SPGI - S&P Global Inc. Buy 1,462,472 0.86
ALB - Albemarle Corp. Buy 956,153 0.68
TIBX - TIBCO Software Buy 388,103 0.09
BCR - Bard (C.R.) Inc. Reduce 15.52% 664,286 0.76
MCO - Moody's Corp. Sell 100.00% 15,034,073 9.63
HAL - Halliburton Co. Sell 100.00% 12,821,400 5.66
ADSK - Autodesk Inc. Sell 100.00% 10,316,335 4.64