13F filing recap · Q1 2023

What did ValueAct Capital buy in Q1 2023?

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

Stock value

$6.14B

Positions

Estimated turnover

30.3%

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

SPOTSpotify Technology S.a.$300.53Mreported value+2.25M shares

Increased positions

CRMSalesforce, Inc.$696.49Mreported value+2.93M shares+522.3%NSITInsight Enterprises, Inc.$644.91Mreported value+89.2K shares+2.0%

Reduced positions

FISVFiserv Inc$1.32Breported value-3.00M shares-20.5%KKRKkr & Co. Inc.$1.08Breported value-3.17M shares-13.4%NYTThe New York Times Company$521.40Mreported value-235.6K shares-1.7%

Exited positions

LKQLkq Corporation$323.28Mprior reported value-6.05M shares-100.0%