Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q2 2014)

As of Jun 30, 2014, the ValueAct Holdings portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 Q2 2014, the filing reported:

New Buys - Armstrong World Industries Inc

Increases - CBRE Group Inc, MSCI Inc., Microsoft Corporation

Reductions - Adobe Inc., Expeditors International of Was

Complete Exits - None reported

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
Q2 2014	ADBE Adobe Inc.	Adobe Inc.	Sell	-750,000	-3.0%	$1.78M	24,560,116
Q2 2014	AWI Armstrong World Industries Inc	Armstrong World Industries Inc	Buy - Position Entry	+2,700,000	-	$155.06K	2,700,000
Q2 2014	CBRE CBRE Group Inc	CBRE Group Inc	Buy	+3,085	+0.0%	$1.03M	32,165,849
Q2 2014	EXPD Expeditors International of Was	Expeditors International of Was	Sell	-1,281,336	-58.6%	$39.98K	905,364
Q2 2014	MSCI MSCI Inc.	MSCI Inc.	Buy	+1,208,171	+14.9%	$428.30K	9,341,288
Q2 2014	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+2,951,112	+4.1%	$3.10M	74,236,642