13F filing recap · Q1 2013

What did ValueAct Capital buy in Q1 2013?

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

Stock value

$8.84B

Positions

Estimated turnover

39.2%

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

MSFTMicrosoft Corporation$954.24Mreported value+33.35M shares MCRSMicros Systems, Inc.$269.64Mreported value+5.92M shares MHFIS&P Global Inc.$76.17Mreported value+1.46M shares ALBAlbemarle Corporation$59.78Mreported value+956.2K shares TIBXTibco Software Inc$7.85Mreported value+388.1K shares

Increased positions

COLRockwell Collins Inc.$705.62Mreported value+636.1K shares+6.0%WTWWillis Towers Watson Plc$651.59Mreported value+5.21M shares+46.2%

Reduced positions

BCRC.r. Bard, Inc.$364.45Mreported value-664.3K shares-15.5%

Exited positions

MCOMoody’s Corporation$756.51Mprior reported value-15.03M shares-100.0%HALHalliburton Company$444.77Mprior reported value-12.82M shares-100.0%ADSKAutodesk, Inc.$364.68Mprior reported value-10.32M shares-100.0%ICEIntercontinental Exchange, Inc.$24.76Mprior reported value-200.0K shares