Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q2 2019)

As of Jun 30, 2019, 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 2019, the filing reported:

New Buys - Booking Holdings Inc. Common St, Edison International, Parsons Corporation, XPO, Inc.

Increases - The AES Corporation, CBRE Group Inc, Darling Ingredients Inc., Lindblad Expeditions Holdings I, Unifi, Inc. New

Reductions - Arcosa, Inc., Bread Financial Holdings, Inc., Bausch Health Companies Inc., Hawaiian Electric Industries, I, Strategic Education, Inc.

Complete Exits - Armstrong World Industries Inc, Pacific Gas & Electric Co.

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 2019	ACA Arcosa, Inc.	Arcosa, Inc.	Sell	-1,500,000	-26.1%	$159.59K	4,240,963
Q2 2019	AES The AES Corporation	The AES Corporation	Buy	+2,582,000	+165.0%	$69.50K	4,146,500
Q2 2019	AWI Armstrong World Industries Inc	Armstrong World Industries Inc	Sell - Position Exit	-63,910	-100.0%	$0.00	-
Q2 2019	BFH Bread Financial Holdings, Inc.	Bread Financial Holdings, Inc.	Sell	-1,500,000	-28.8%	$519.55K	3,707,646
Q2 2019	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Sell	-101,555	-0.6%	$452.24K	17,931,594
Q2 2019	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+35,000	-	$65.61K	35,000
Q2 2019	CBRE CBRE Group Inc	CBRE Group Inc	Buy	+4,216	+0.0%	$678.47K	13,225,592
Q2 2019	DAR Darling Ingredients Inc.	Darling Ingredients Inc.	Buy	+585,000	+51.2%	$34.36K	1,727,528
Q2 2019	EIX Edison International	Edison International	Buy - Position Entry	+700,000	-	$47.19K	700,000
Q2 2019	HE Hawaiian Electric Industries, I	Hawaiian Electric Industries, I	Sell	-250,000	-17.5%	$51.20K	1,175,747
Q2 2019	LIND Lindblad Expeditions Holdings I	Lindblad Expeditions Holdings I	Buy	+121,467	+4.2%	$54.07K	3,012,298
Q2 2019	PCG Pacific Gas & Electric Co.	Pacific Gas & Electric Co.	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q2 2019	PSN Parsons Corporation	Parsons Corporation	Buy - Position Entry	+1,805,000	-	$66.53K	1,805,000
Q2 2019	STRA Strategic Education, Inc.	Strategic Education, Inc.	Sell	-202,476	-46.4%	$41.61K	233,765
Q2 2019	UFI Unifi, Inc. New	Unifi, Inc. New	Buy	+167,500	+14.8%	$23.59K	1,298,402
Q2 2019	XPO XPO, Inc.	XPO, Inc.	Buy - Position Entry	+1,000,000	-	$57.81K	1,000,000