Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q2 2018)

As of Jun 30, 2018, 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 2018, the filing reported:

New Buys - The AES Corporation, Lindblad Expeditions Holdings I, Unifi, Inc. New

Increases - Bread Financial Holdings, Inc., Citigroup, Inc., Morgan Stanley, SLM Corporation

Reductions - None reported

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 2018	AES The AES Corporation	The AES Corporation	Buy - Position Entry	+1,529,500	-	$20.51K	1,529,500
Q2 2018	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Buy	+205,246	+3.5%	$1.42M	6,082,646
Q2 2018	C Citigroup, Inc.	Citigroup, Inc.	Buy	+8,975,500	+55.4%	$1.68M	25,175,500
Q2 2018	LIND Lindblad Expeditions Holdings I	Lindblad Expeditions Holdings I	Buy - Position Entry	+1,691,300	-	$22.41K	1,691,300
Q2 2018	MS Morgan Stanley	Morgan Stanley	Buy	+750,000	+4.2%	$886.84K	18,709,620
Q2 2018	SLM SLM Corporation	SLM Corporation	Buy	+30,205,408	+408.2%	$430.58K	37,605,408
Q2 2018	UFI Unifi, Inc. New	Unifi, Inc. New	Buy - Position Entry	+925,000	-	$29.32K	925,000