Jeffrey Ubben - ValueAct Holdings 13F Activity & Position Changes (Q4 2021)

As of Dec 31, 2021, the ValueAct Holdings portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Feb 14, 2022. 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 2021, the filing reported:

New Buys - Altus Power, Inc.

Increases - Fiserv, Inc.

Reductions - Bausch Health Companies Inc., KKR & Co. Inc., LKQ Corporation, SLM Corporation, Seagate Technology, and 1 more

Complete Exits - Lumentum Holdings Inc., Rackspace Technology, Inc.

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 2021	AMPS Altus Power, Inc.	Altus Power, Inc.	Buy - Position Entry	+4,000,000	-	$41.80K	4,000,000
Q4 2021	BHC Bausch Health Companies Inc.	Bausch Health Companies Inc.	Sell	-2,324,842	-13.0%	$431.18K	15,616,761
Q4 2021	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+2,100,000	+19.2%	$1.35M	13,035,201
Q4 2021	KKR KKR & Co. Inc.	KKR & Co. Inc.	Sell	-2,000,000	-8.3%	$1.64M	22,055,349
Q4 2021	LITE Lumentum Holdings Inc.	Lumentum Holdings Inc.	Sell - Position Exit	-1,000,000	-100.0%	$0.00	-
Q4 2021	LKQ LKQ Corporation	LKQ Corporation	Sell	-4,000,000	-18.6%	$1.05M	17,550,411
Q4 2021	RXT Rackspace Technology, Inc.	Rackspace Technology, Inc.	Sell - Position Exit	-400,000	-100.0%	$0.00	-
Q4 2021	SLM SLM Corporation	SLM Corporation	Sell	-2,311,636	-13.7%	$287.20K	14,601,031
Q4 2021	STX Seagate Technology	Seagate Technology	Sell	-1,890,000	-10.9%	$1.75M	15,487,070
Q4 2021	TRN Trinity Industries, Inc.	Trinity Industries, Inc.	Sell	-11,135,008	-74.2%	$116.90K	3,870,847