Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q3 2015)

As of Sep 30, 2015, 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 Q3 2015, the filing reported:

New Buys - None reported

Increases - American Express Company, MSCI Inc., Microsoft Corporation

Reductions - Adobe Inc., Halliburton Company

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
Q3 2015	ADBE Adobe Inc.	Adobe Inc.	Sell	-1,693,000	-10.8%	$1.15M	14,010,739
Q3 2015	AXP American Express Company	American Express Company	Buy	+200,000	+1.8%	$837.67K	11,300,000
Q3 2015	HAL Halliburton Company	Halliburton Company	Sell	-368,700	-1.0%	$1.31M	37,149,560
Q3 2015	MSCI MSCI Inc.	MSCI Inc.	Buy	+351	+0.0%	$553.53K	9,309,311
Q3 2015	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+1,662	+0.0%	$3.33M	75,273,091