VALUEACT HOLDINGS, L.P. Information

ONE LETTERMAN DRIVE, SAN FRANCISCO, California, 94129, (415) 362-3700

Report Date: 12/31/2014

Position Statistics

Total Positions 15
New Positions 2
Increased Positions 7
Decreased Positions 5
Positions with Activity 12
Sold Out Positions 1
Total Mkt Value (in $ millions) 17,210

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 5.09%
Capital Goods 5.57%
Conglomerates
Consumer Cyclical 3.54%
Consumer/Non-Cyclical
Energy 10.85%
Financial 8.5%
Healthcare 22.68%
Services 12.46%
Technology 31.3%
Transportation
Utilities

15 Positions as of 12/31/2014

Company Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) ▲ Shares Held
TWENTY FIRST CENTY FOX INC CL A -157,596 Sold Out 0
ROCKWELL COLLINS INC COM 433,060 -638,818 (59.6) 4,465,000
MOTOROLA SOLUTIONS INC COM NEW 1,167,706 -751,472 (39.16) 17,588,576
ADOBE SYS INC COM 1,178,097 -578,008 (32.91) 16,006,753
CBRE GROUP INC CL A 1,140,442 -30,716 (2.62) 31,322,230
ARMSTRONG WORLD INDS INC NEW COM 525,320 New 9,200,000
BAKER HUGHES INC COM 952,041 952,041 New 14,997,500
HALLIBURTON CO COM 915,619 915,619 New 20,895,000
MSCI INC COM 567,102 New 9,308,960
WILLIS GROUP HOLDINGS PUBLIC L SHS 895,951 New 18,423,835
MICROSOFT CORP COM 3,040,798 32 .00 74,238,243
VALEANT PHARMACEUTICALS INTL I COM 3,903,525 92,635 2.43 19,383,877
ALLISON TRANSMISSION HLDGS INC COM 609,329 35,046 6.10 19,125,204
TWENTY FIRST CENTY FOX INC CL B 1,004,445 169,065 20.24 30,300,000
AGRIUM INC COM 876,772 318,632 57.09 8,194,898