13F filing recap · Q2 2016

What did ValueAct Capital buy in Q2 2016?

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

Stock value

$11.02B

Positions

Estimated turnover

34.8%

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

MSMorgan Stanley$987.24Mreported value+38.00M shares TRNTrinity Industries Inc$111.42Mreported value+6.00M shares AFIIQArmstrong Flooring Inc$77.97Mreported value+4.60M shares STXSeagate Technology Holdings Plc$73.08Mreported value+3.00M shares

Increased positions

MSFTMicrosoft Corporation$2.90Breported value+908 shares+0.0%BKRBaker Hughes Co$1.75Breported value+15.64M shares+67.3%WTWWillis Towers Watson Plc$1.01Breported value+428.0K shares+5.6%CBRECbre Group, Inc.$872.14Mreported value+3.9K shares

Reduced positions

MSCIMsci Inc.$100.33Mreported value-2.76M shares-68.0%

Exited positions

MSIMotorola, Inc.$621.77Mprior reported value-8.21M shares-100.0%AGUAgrium Inc$279.91Mprior reported value-3.17M shares-100.0%ADBEAdobe Inc.$563.0Kprior reported value-6.0K shares-100.0%