13F filing recap · Q4 2020

What did ValueAct Capital buy in Q4 2020?

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

Stock value

$8.62B

Positions

Estimated turnover

9.6%

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

FISVFiserv Inc$37.38Mreported value+328.3K shares

Increased positions

BHCBausch Health Companies Inc.$373.19Mreported value+10.0K shares+0.1%CDWCdw Corp$48.51Mreported value+128.5K shares+53.6%

Reduced positions

STXSeagate Technology Holdings Plc$1.87Breported value-1.41M shares-4.5%KKRKkr & Co. Inc.$1.54Breported value-6.95M shares-15.4%MSMorgan Stanley$567.68Mreported value-3.22M shares-28.0%

Exited positions

AOSA. O. Smith Corporation$110.48Mprior reported value-2.09M shares-100.0%AFIIQArmstrong Flooring Inc$4.22Mprior reported value-1.22M shares-100.0%