Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q4 2015)

As of Dec 31, 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 Q4 2015, the filing reported:

New Buys - None reported

Increases - None reported

Reductions - Halliburton Company, MSCI Inc., Microsoft Corporation

Complete Exits - American Express Company

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
Q4 2015	AXP American Express Company	American Express Company	Sell - Position Exit	-11,300,000	-100.0%	$0.00	-
Q4 2015	HAL Halliburton Company	Halliburton Company	Sell	-20,645,265	-55.6%	$561.81K	16,504,295
Q4 2015	MSCI MSCI Inc.	MSCI Inc.	Sell	-2,982,000	-32.0%	$456.39K	6,327,311
Q4 2015	MSFT Microsoft Corporation	Microsoft Corporation	Sell	-18,649,321	-24.8%	$3.14M	56,623,770