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) 18,118

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

Sector Weighting

Basic Materials 4.76%
Capital Goods 5.35%
Conglomerates
Consumer Cyclical 3.37%
Consumer/Non-Cyclical
Energy 11.17%
Financial 8.25%
Healthcare 22.51%
Services 12.33%
Technology 32.26%
Transportation
Utilities

15 Positions as of 12/31/2014

Company Class ▲ Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
CBRE GROUP INC CL A 1,205,593 -32,471 (2.62) 31,322,230
TWENTY FIRST CENTY FOX INC CL A -159,390 Sold Out 0
TWENTY FIRST CENTY FOX INC CL B 1,028,837 173,171 20.24 30,300,000
ADOBE SYS INC COM 1,225,157 -601,096 (32.91) 16,006,753
AGRIUM INC COM 861,775 313,182 57.09 8,194,898
ALLISON TRANSMISSION HLDGS INC COM 610,859 35,134 6.10 19,125,204
ARMSTRONG WORLD INDS INC NEW COM 533,324 New 9,200,000
BAKER HUGHES INC COM 1,021,180 1,021,180 New 14,997,500
HALLIBURTON CO COM 1,002,960 1,002,960 New 20,895,000
MICROSOFT CORP COM 3,553,785 37 .00 74,238,243
MSCI INC COM 584,044 New 9,308,960
ROCKWELL COLLINS INC COM 436,632 -644,087 (59.6) 4,465,000
VALEANT PHARMACEUTICALS INTL I COM 4,078,755 96,793 2.43 19,383,877
MOTOROLA SOLUTIONS INC COM NEW 1,065,340 -685,595 (39.16) 17,588,576
WILLIS GROUP HOLDINGS PUBLIC L SHS 909,953 New 18,423,835