Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q1 2023)

According to the SEC 13F filed on May 15, 2023, the ValueAct Holdings portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2023. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2023, the filing reported:

New Buys - Spotify

Increases - Salesforce, Inc., Insight Enterprises, Inc.

Reductions - Fiserv, Inc., KKR & Co. Inc., New York Times Company (The)

Complete Exits - LKQ Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	CRM Salesforce, Inc.	Salesforce, Inc.	Buy	+2,926,088	+522.3%	$696.49M	3,486,309
Q1 2023	FI Fiserv, Inc.	Fiserv, Inc.	Sell	-3,000,000	-20.5%	$1.32B	11,647,776
Q1 2023	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-3,167,278	-13.4%	$1.08B	20,535,233
Q1 2023	LKQ LKQ Corporation	LKQ Corporation	Sell - Position Exit	-6,052,751	-100.0%	$0.00	-
Q1 2023	NSIT Insight Enterprises, Inc.	Insight Enterprises, Inc.	Buy	+89,165	+2.0%	$644.91M	4,511,116
Q1 2023	NYT New York Times Company (The)	New York Times Company (The)	Sell	-235,558	-1.7%	$521.40M	13,410,554
Q1 2023	SPOT Spotify	Spotify	Buy - Position Entry	+2,249,141	-	$300.53M	2,249,141