Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q4 2020)

According to the SEC 13F filed on Feb 16, 2021, the ValueAct Holdings portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2020. 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 2020, the filing reported:

New Buys - Fiserv, Inc.

Increases - Bausch Health Companies Inc., CDW Corporation

Reductions - KKR & Co. Inc., Morgan Stanley

Complete Exits - A.O. Smith Corporation

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 2020	AOS A.O. Smith Corporation	A.O. Smith Corporation	Sell - Position Exit	-2,092,510	-100.0%	$0.00	-
Q4 2020	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Buy	+10,009	+0.1%	$373.19K	17,941,603
Q4 2020	CDW CDW Corporation	CDW Corporation	Buy	+128,503	+53.6%	$48.51K	368,116
Q4 2020	FI Fiserv, Inc.	Fiserv, Inc.	Buy - Position Entry	+328,281	-	$37.38K	328,281
Q4 2020	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-6,950,000	-15.4%	$1.54M	38,050,000
Q4 2020	MS Morgan Stanley	Morgan Stanley	Sell	-3,216,278	-28.0%	$567.68K	8,283,722