Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q2 2017)

According to the SEC 13F filed on Aug 14, 2026, the ValueAct Holdings portfolio showed several notable changes in holdings as of quarter-end Jun 30, 2017. 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 2017, the filing reported:

New Buys - KKR & Co. Inc.

Increases - None reported

Reductions - CBRE Group Inc, Microsoft Corporation, NetScout Systems, Inc., Willis Towers Watson

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 2017	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-7,494,770	-17.9%	$1.25M	34,378,480
Q2 2017	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy - Position Entry	+5,000,000	-	$93.00K	5,000,000
Q2 2017	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-6,999,290	-30.4%	$1.10M	16,012,799
Q2 2017	NTCT NetScout Systems, Inc.	NetScout Systems, Inc.	Sell	-549,057	-23.9%	$60.23K	1,750,943
Q2 2017	WTW Willis Towers Watson	Willis Towers Watson	Sell	-1,498,657	-18.5%	$961.40K	6,609,358