ValueAct Capital
| History | Stock | Activity ▲ | Share change | % change to portfolio |
| Q3 2024 | ≡ | EXPE - Expedia Group Inc. | Reduce 23.63% | 806,962 | 2.73 | ≡ | FLUT - Flutter Entertainment Plc | Sell 100.00% | 323,235 | 1.31 | ≡ | NYT - New York Times CL A | Sell 100.00% | 1,344,392 | 1.94 | ≡ | KKR - KKR & Co. L.P. | Sell 100.00% | 1,207,208 | 3.57 | ≡ | FI - Fiserv Inc. | Sell 100.00% | 1,103,759 | 4.63 | ≡ | SPOT - Spotify Technology S.A. | Sell 100.00% | 676,553 | 5.97 |
| Q2 2024 | ≡ | FI - Fiserv Inc. | Reduce 69.81% | 2,551,882 | 10.70 | ≡ | KKR - KKR & Co. L.P. | Reduce 36.62% | 697,600 | 2.06 | ≡ | NYT - New York Times CL A | Reduce 35.81% | 750,000 | 1.08 | ≡ | FLUT - Flutter Entertainment Plc | Reduce 34.72% | 171,900 | 0.70 | ≡ | SPOT - Spotify Technology S.A. | Reduce 17.55% | 144,000 | 1.27 | ≡ | NSIT - Insight Enterprises Inc. | Reduce 9.97% | 450,000 | 2.51 | ≡ | ILMN - Illumina Inc. | Sell 100.00% | 243,777 | 0.74 | ≡ | CBRE - CBRE Group | Sell 100.00% | 2,470,748 | 5.29 |
| Q1 2024 | ≡ | KKR - KKR & Co. L.P. | Reduce 68.01% | 4,049,300 | 8.97 | ≡ | CBRE - CBRE Group | Reduce 46.73% | 2,167,000 | 4.64 | ≡ | NYT - New York Times CL A | Reduce 42.25% | 1,532,340 | 1.46 | ≡ | ILMN - Illumina Inc. | Reduce 25.69% | 84,268 | 0.26 | ≡ | SPOT - Spotify Technology S.A. | Reduce 20.14% | 207,000 | 1.20 | ≡ | EXPE - Expedia Group Inc. | Reduce 19.69% | 837,000 | 2.54 | ≡ | FI - Fiserv Inc. | Reduce 12.73% | 533,200 | 1.88 | ≡ | STX - Seagate Technology | Sell 100.00% | 262,348 | 0.45 | ≡ | DHR - Danaher Corp. | Sell 100.00% | 200,000 | 0.93 | ≡ | PAYC - Paycom Software Inc. | Sell 100.00% | 608,000 | 2.52 |
| Q4 2023 | ≡ | STX - Seagate Technology | Reduce 96.59% | 7,424,722 | 12.74 | ≡ | NYT - New York Times CL A | Reduce 50.21% | 3,657,864 | 3.59 | ≡ | KKR - KKR & Co. L.P. | Reduce 47.87% | 5,466,800 | 9.06 | ≡ | FI - Fiserv Inc. | Reduce 44.51% | 3,360,000 | 8.94 | ≡ | ILMN - Illumina Inc. | Reduce 36.87% | 191,565 | 0.53 | ≡ | SPOT - Spotify Technology S.A. | Reduce 18.05% | 226,300 | 0.85 | ≡ | ALRM - Alarm.Com Holdings | Sell 100.00% | 585,400 | 0.80 |
| Q3 2023 | ≡ | CBRE - CBRE Group | Reduce 49.80% | 4,600,000 | 7.63 | ≡ | NYT - New York Times CL A | Reduce 45.68% | 6,125,958 | 5.67 | ≡ | KKR - KKR & Co. L.P. | Reduce 44.38% | 9,114,325 | 12.61 | ≡ | STX - Seagate Technology | Reduce 42.79% | 5,750,000 | 8.52 | ≡ | FI - Fiserv Inc. | Reduce 35.19% | 4,098,935 | 10.40 | ≡ | SPOT - Spotify Technology S.A. | Reduce 30.31% | 545,288 | 1.90 | ≡ | AMPS - Altus Power Inc | Sell 100.00% | 4,017,628 | 0.34 |
| Q2 2023 | ≡ | SPOT - Spotify Technology S.A. | Reduce 20.01% | 450,000 | 1.12 |
| Q1 2023 | ≡ | FI - Fiserv Inc. | Reduce 20.48% | 3,000,000 | 5.52 | ≡ | KKR - KKR & Co. L.P. | Reduce 13.36% | 3,167,278 | 2.71 | ≡ | NYT - New York Times CL A | Reduce 1.73% | 235,558 | 0.15 | ≡ | LKQ - LKQ Corp. | Sell 100.00% | 6,052,751 | 6.09 |
| Q4 2022 | ≡ | LKQ - LKQ Corp. | Reduce 51.78% | 6,500,000 | 6.54 | ≡ | KKR - KKR & Co. L.P. | Reduce 10.41% | 2,754,052 | 2.41 | ≡ | AMPS.WS - Altus Power Inc WTS 27 | Sell 100.00% | 18,417 | 0.00 | ≡ | RKT - Rocket Companies Inc. | Sell 100.00% | 1,296,027 | 0.14 | ≡ | BLD - TopBuild Corp. | Sell 100.00% | 1,546,253 | 4.32 | ≡ | C - Citigroup Inc. | Sell 100.00% | 10,992,637 | 7.76 |
| Q3 2022 | ≡ | RKT - Rocket Companies Inc. | Reduce 35.20% | 703,973 | 0.08 | ≡ | TRN - Trinity Industries | Sell 100.00% | 90,847 | 0.04 | ≡ | UNVR-OLD - Univar Solutions Inc. | Sell 100.00% | 340,000 | 0.13 | ≡ | BHC - Bausch Health | Sell 100.00% | 14,341,265 | 1.91 | ≡ | SLM - SLM Corp. | Sell 100.00% | 10,886,031 | 2.77 |
| Q2 2022 | ≡ | LKQ - LKQ Corp. | Reduce 28.48% | 4,997,660 | 3.91 | ≡ | SLM - SLM Corp. | Reduce 21.69% | 3,015,000 | 0.77 | ≡ | C - Citigroup Inc. | Reduce 20.61% | 2,853,470 | 2.09 | ≡ | BHC - Bausch Health | Reduce 0.62% | 89,636 | 0.01 |
| Q1 2022 | ≡ | TRN - Trinity Industries | Reduce 97.65% | 3,780,000 | 1.66 | ≡ | STX - Seagate Technology | Reduce 13.24% | 2,050,000 | 2.54 | ≡ | BHC - Bausch Health | Reduce 7.59% | 1,185,860 | 0.37 | ≡ | SLM - SLM Corp. | Reduce 4.79% | 700,000 | 0.18 |
| Q4 2021 | ≡ | TRN - Trinity Industries | Reduce 74.20% | 11,135,008 | 3.80 | ≡ | LKQ - LKQ Corp. | Reduce 18.56% | 4,000,000 | 2.71 | ≡ | SLM - SLM Corp. | Reduce 13.67% | 2,311,636 | 0.51 | ≡ | BHC - Bausch Health | Reduce 12.96% | 2,324,842 | 0.72 | ≡ | STX - Seagate Technology | Reduce 10.88% | 1,890,000 | 2.41 | ≡ | KKR - KKR & Co. L.P. | Reduce 8.31% | 2,000,000 | 1.68 | ≡ | CBAH.WS - CBRE Acquisition Holdings WTS | Sell 100.00% | 18,417 | 0.00 | ≡ | RXT - Rackspace Technology Inc. | Sell 100.00% | 400,000 | 0.07 | ≡ | LITE - Lumentum Holdings Inc. | Sell 100.00% | 1,000,000 | 0.97 |
| Q3 2021 | ≡ | C - Citigroup Inc. | Reduce 33.26% | 6,899,597 | 5.61 | ≡ | SLM - SLM Corp. | Reduce 17.82% | 3,666,587 | 0.75 | ≡ | KKR - KKR & Co. L.P. | Reduce 11.63% | 3,165,777 | 2.23 | ≡ | CBRE - CBRE Group | Reduce 9.77% | 1,000,000 | 1.13 | ≡ | BLD - TopBuild Corp. | Sell 100.00% | 480,000 | 1.05 |
| Q2 2021 | ≡ | TRN - Trinity Industries | Reduce 35.06% | 8,100,000 | 2.41 | ≡ | STX - Seagate Technology | Reduce 24.48% | 5,634,153 | 5.49 | ≡ | SLM - SLM Corp. | Reduce 21.73% | 5,715,000 | 1.33 | ≡ | KKR - KKR & Co. L.P. | Reduce 13.82% | 4,363,546 | 2.86 | ≡ | C - Citigroup Inc. | Reduce 4.50% | 978,015 | 0.77 | ≡ | OUT - Outfront Media Inc. | Sell 100.00% | 157,448 | 0.04 |
| Q1 2021 | ≡ | STX - Seagate Technology | Reduce 23.67% | 7,135,450 | 6.39 | ≡ | C - Citigroup Inc. | Reduce 19.62% | 5,301,781 | 4.50 | ≡ | SLM - SLM Corp. | Reduce 18.58% | 6,000,000 | 1.26 | ≡ | KKR - KKR & Co. L.P. | Reduce 16.99% | 6,465,328 | 3.69 | ≡ | TRN - Trinity Industries | Reduce 14.44% | 3,900,000 | 1.30 | ≡ | CDW - CDW Corp. | Sell 100.00% | 368,116 | 0.56 | ≡ | MS - Morgan Stanley | Sell 100.00% | 8,283,722 | 6.58 |
| Q4 2020 | ≡ | MS - Morgan Stanley | Reduce 27.97% | 3,216,278 | 2.55 | ≡ | KKR - KKR & Co. L.P. | Reduce 15.44% | 6,950,000 | 3.26 | ≡ | STX - Seagate Technology | Reduce 4.46% | 1,407,687 | 1.02 | ≡ | AFIIQ - Armstrong Flooring Inc. | Sell 100.00% | 1,222,756 | 0.06 | ≡ | AOS - A.O. Smith Corp. | Sell 100.00% | 2,092,510 | 1.55 |
| Q3 2020 | ≡ | MS - Morgan Stanley | Reduce 19.30% | 2,750,000 | 1.87 | ≡ | UFI - Unifi Inc. | Sell 100.00% | 1,417,054 | 0.21 | ≡ | LIND - Lindblad Expeditions Hldgs Inc. | Sell 100.00% | 4,923,247 | 0.44 | ≡ | BP - BP plc | Sell 100.00% | 2,572,000 | 0.69 | ≡ | VRRM - Verra Mobility Corp. | Sell 100.00% | 5,905,000 | 0.69 | ≡ | DAR - Darling Ingredients Inc. | Sell 100.00% | 2,640,000 | 0.74 |