13F filing recap · Q3 2019

What did ValueAct Capital buy in Q3 2019?

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

Stock value

$9.27B

Positions

Estimated turnover

16.7%

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

LKQLkq Corporation$504.23Mreported value+16.03M shares PCGPG&E Corp$14.45Mreported value+1.44M shares

Increased positions

TRNTrinity Industries Inc$444.01Mreported value+661.7K shares+3.0%HEHawaiian Electric Industries, Inc.$73.92Mreported value+445.0K shares+37.8%AESAes Corp$71.02Mreported value+200.0K shares+4.8%STRAStrategic Education, Inc.$68.04Mreported value+267.0K shares

Reduced positions

CCitigroup Inc$1.94Breported value-3.50M shares-11.1%KKRKkr & Co. Inc.$1.29Breported value-2.60M shares-5.1%MSMorgan Stanley$949.41Mreported value-3.98M shares-15.2%CBRECbre Group, Inc.$542.06Mreported value-3.00M shares

Exited positions

BKNGBooking Holdings Inc.$65.61Mprior reported value-35.0K shares-100.0%XPOXpo, Inc.$57.81Mprior reported value-1.00M shares-100.0%EIXEdison International$47.19Mprior reported value-700.0K shares-100.0%