13F filing recap · Q4 2023

What did ValueAct Capital buy in Q4 2023?

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

Stock value

$5.00B

Positions

Estimated turnover

64.9%

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

EXPEExpedia Group, Inc.$645.35Mreported value+4.25M shares DISWalt Disney Co/$459.24Mreported value+5.09M shares PAYCPaycom Software, Inc.$125.69Mreported value+608.0K shares

Increased positions

DHRDanaher Corporation$46.27Mreported value+82.0K shares+69.5%

Reduced positions

FISVFiserv Inc$556.45Mreported value-3.36M shares-44.5%KKRKkr & Co. Inc.$493.30Mreported value-5.47M shares-47.9%SPOTSpotify Technology S.a.$193.09Mreported value-226.3K shares-18.0%NYTThe New York Times Company$177.67Mreported value-3.66M shares

Exited positions

ALRMAlarm.com Holdings, Inc.$35.79Mprior reported value-585.4K shares-100.0%