13F filing recap · Q3 2008

What did ValueAct Capital buy in Q3 2008?

Reported stock-position changes between this filing and the previous one.

Stock value

$3.47B

Positions

Estimated turnover

23.1%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

DRCDresser-Rand Group Inc.$125.88Mreported value+4.00M shares

Increased positions

BFHBread Financial Holdings, Inc.$298.31Mreported value+1.07M shares+29.6%TRIThomson Reuters Corporation$233.31Mreported value+4.35M shares+70.2%MHFIS&P Global Inc.$132.12Mreported value+443.4K shares+11.9%GVHRGevity HR Inc$23.96Mreported value+2.0K shares

Reduced positions

OCROmnicare Inc$283.68Mreported value-1.92M shares-16.3%WCRXWarner Chilcott Plc$79.43Mreported value-7.95M shares-60.2%MCOMoody’s Corporation$76.90Mreported value-9.67M shares-81.0%ZZSealy Corporation$19.71Mreported value-1.65M shares

Exited positions

RHIRobert Half Inc.$9.83Mprior reported value-410.0K shares-100.0%