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

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, 2018. 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