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

As of Mar 31, 2023, the ValueAct Holdings portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 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