VALUEACT HOLDINGS, L.P. Information

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

Report Date: 06/30/2014

Position Statistics

Total Positions 15
New Positions 2
Increased Positions 5
Decreased Positions 5
Positions with Activity 10
Sold Out Positions 1
Total Mkt Value (in $ millions) 13,547

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

Sector Weighting

Basic Materials
Capital Goods 10.78%
Conglomerates
Consumer Cyclical 3.96%
Consumer/Non-Cyclical
Energy
Financial 9.13%
Healthcare 16.4%
Services 8.06%
Technology 51.38%
Transportation 0.28%
Utilities

15 Positions as of 06/30/2014

Company ▲ Class Value of Shares ($1,000s) Change in Value ($1,000s) Change (%) Shares Held
ADOBE SYS INC COM 1,644,054 -50,205 (2.96) 24,560,116
ALLISON TRANSMISSION HLDGS INC COM 536,250 New 18,025,204
ARMSTRONG WORLD INDS INC NEW COM 152,577 152,577 New 2,700,000
CBRE GROUP INC CL A 976,877 94 .01 32,165,849
DRESSER-RAND GROUP INC COM 348,280 -51,942 (12.98) 4,358,408
EXPEDITORS INTL WASH INC COM 38,342 -54,265 (58.6) 905,364
KAR AUCTION SVCS INC COM 24,109 New 803,628
MICROSOFT CORP COM 3,527,725 140,237 4.14 74,236,642
MOTOROLA SOLUTIONS INC COM NEW 1,788,804 New 28,907,623
MSCI INC COM 452,025 58,463 14.86 9,341,288
ROCKWELL COLLINS INC COM 960,095 -87,923 (8.39) 12,011,700
SYMANTEC CORP COM -185,150 Sold Out 0
TWENTY FIRST CENTY FOX INC CL B 90,891 90,891 New 2,663,083
VALEANT PHARMACEUTICALS INTL I COM 2,222,231 New 18,923,877
WILLIS GROUP HOLDINGS PUBLIC L SHS 784,803 New 18,422,600