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

According to the SEC 13F filed on Aug 14, 2026, the ValueAct Holdings portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2015. 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