Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q3 2021)

According to the SEC 13F filed on Nov 15, 2021, the ValueAct Holdings portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2021. 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 2021, the filing reported:

New Buys - Fiserv, Inc., Rackspace Technology, Inc.

Increases - Lumentum Holdings Inc., Insight Enterprises, Inc.

Reductions - Citigroup, Inc., CBRE Group Inc, KKR & Co. Inc., SLM Corporation

Complete Exits - TopBuild Corp.

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 2021	BLD TopBuild Corp.	TopBuild Corp.	Sell - Position Exit	-480,000	-100.0%	$0.00	-
Q3 2021	C Citigroup, Inc.	Citigroup, Inc.	Sell	-6,899,597	-33.3%	$971.72K	13,846,107
Q3 2021	CBRE CBRE Group Inc	CBRE Group Inc	Sell	-1,000,000	-9.8%	$898.89K	9,232,609
Q3 2021	FI Fiserv, Inc.	Fiserv, Inc.	Buy - Position Entry	+10,935,201	-	$1.19M	10,935,201
Q3 2021	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-3,165,777	-11.6%	$1.46M	24,055,349
Q3 2021	LITE Lumentum Holdings Inc.	Lumentum Holdings Inc.	Buy	+32,951	+3.4%	$83.54K	1,000,000
Q3 2021	NSIT Insight Enterprises, Inc.	Insight Enterprises, Inc.	Buy	+481,145	+16.9%	$299.50K	3,324,835
Q3 2021	RXT Rackspace Technology, Inc.	Rackspace Technology, Inc.	Buy - Position Entry	+400,000	-	$5.69K	400,000
Q3 2021	SLM SLM Corporation	SLM Corporation	Sell	-3,666,587	-17.8%	$297.66K	16,912,667