13F filing recap · Q3 2017

What did ValueAct Capital buy in Q3 2017?

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

Stock value

$9.98B

Positions

Estimated turnover

53.7%

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

BKRBaker Hughes Co$1.15Breported value+31.41M shares

Increased positions

KKRKkr & Co. Inc.$926.15Mreported value+40.56M shares+811.1%STXSeagate Technology Holdings Plc$711.78Mreported value+7.64M shares+55.3%TRNTrinity Industries Inc$550.44Mreported value+1.67M shares+10.7%AWIArmstrong World Industries, Inc.$471.63Mreported value+2.6K shares

Reduced positions

CBRECbre Group, Inc.$1.09Breported value-5.50M shares-16.0%MSFTMicrosoft Corporation$671.41Mreported value-7.00M shares-43.7%WTWWillis Towers Watson Plc$459.61Mreported value-3.63M shares-54.9%BIVVBioverativ Inc$72.51Mreported value-5.89M shares

Exited positions

BKRBaker Hughes Co$1.71Bprior reported value-31.41M shares-100.0%NTCTNetscout Systems, Inc.$60.23Mprior reported value-1.75M shares-100.0%