ValueAct Holdings, L.P.

SAN FRANCISCO, CA · CIK 0001418814

Portfolio Value: $6.96B

Positions: 24

Period: 2020-03-31

Filed: 2020-05-15

Portfolio Value

$6.96B

Positions

New

Increased

Decreased

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ValueAct Holdings, L.P. Q1 2020 13F Filing Summary

ValueAct Holdings, L.P. (SAN FRANCISCO, CA) reported a portfolio value of $6.96B across 24 positions in their Q1 2020 SEC 13F filing (period ending 2020-03-31). Top holdings include STX ($1.54B), C ($1.14B), KKR ($1.06B). The top 10 positions account for 90.0% of the portfolio. This quarter saw 4 new positions, 8 increases, 4 reductions, 47 complete exits. Notable new buys: AOS ($79.12M), BP ($67.61M), CMCSA ($11.28M). Notable exits: FDX, BFH, ACA.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	STXSEAGATE TECHNOLOGY PLC SHS	G7945M107	$1.54B	31,554,360	22.12%	-
2	CCITIGROUP INC COM NEW	172967424	$1.14B	27,025,500	16.35%	-
3	KKRKKR & CO INC CL A	48251W104	$1.06B	45,000,000	15.17%	-1.7%
4	MSMORGAN STANLEY COM NEW	617446448	$484.50M	14,250,000	6.96%	-5.0%
5	LKQLKQ CORP COM	501889208	$441.94M	21,547,746	6.35%	+30.3%
6	TRNTRINITY INDS INC COM	896522109	$433.98M	27,005,855	6.23%	+8.5%
7	CBRECBRE GROUP INC CL A	12504L109	$385.61M	10,225,592	5.54%	-
8	STHOSTARS GROUP INC COM	85570W100	$278.32M	13,630,000	4.00%	-
9	THCHBAUSCH HEALTH COS INC COM	71734107	$277.94M	17,931,594	3.99%	-
10	SLMSLM CORP COM	78442P106	$232.20M	32,294,254	3.34%	-17.6%
11	IESCHAWAIIAN ELEC INDUSTRIES COM	419870100	$139.77M	3,246,668	2.01%	+59.7%
12	STRASTRATEGIC ED INC COM	86272C103	$90.84M	650,000	1.30%	-3.5%
13	AOSSMITH A O CORP COM	831865209	$79.12M	2,092,510	1.14%	New
14	BPBP PLC SPONSORED ADR	55622104	$67.61M	2,772,000	0.97%	New
15	PARENVIVA PARTNERS LP COM UNIT	29414J107	$67.53M	2,527,175	0.97%	+20.1%
16	AESAES CORP COM	00130H105	$59.11M	4,346,500	0.85%	-
17	DARDARLING INGREDIENTS INC COM	237266101	$50.61M	2,640,000	0.73%	+29.4%
18	OUTOUTFRONT MEDIA INC COM	69007J106	$46.20M	3,427,200	0.66%	+820.3%
19	VRRMVERRA MOBILITY CORP COM	92511U102	$42.16M	5,905,000	0.61%	+14.5%
20	XPLINDBLAD EXPEDITIONS HLDGS I COM	535219109	$20.53M	4,923,247	0.29%	+38.0%
21	UFIUNIFI INC COM NEW	904677200	$16.37M	1,417,054	0.24%	-
22	CMCSACOMCAST CORP NEW CL A	20030N101	$11.28M	328,000	0.16%	New
23	TRONARMSTRONG FLOORING INC COM	04238R106	$1.75M	1,222,756	0.03%	-
24	PPLHD SUPPLY HLDGS INC COM	40416M105	$711.00K	25,000	0.01%	New

Position Changes

Stock	Value	Shares
AOSSMITH A O CORP	$79.12M	2,092,510
BPBP PLC	$67.61M	2,772,000
CMCSACOMCAST CORP NEW	$11.28M	328,000
PPLHD SUPPLY HLDGS INC	$711.00K	25,000