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) 18,382

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

Sector Weighting

Basic Materials 4.65%
Capital Goods 5.16%
Conglomerates
Consumer Cyclical 3.24%
Consumer/Non-Cyclical
Energy 11.21%
Financial 8.04%
Healthcare 23.52%
Services 12.11%
Technology 32.07%
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 -158,700 Sold Out 0
ROCKWELL COLLINS INC COM 436,097 -643,296 (59.6) 4,465,000
AGRIUM INC COM 854,892 310,680 57.09 8,194,898
ARMSTRONG WORLD INDS INC NEW COM 512,900 New 9,200,000
MSCI INC COM 580,414 New 9,308,960
BAKER HUGHES INC COM 1,035,127 1,035,127 New 14,997,500
ADOBE SYS INC COM 1,223,396 -600,233 (32.91) 16,006,753
MOTOROLA SOLUTIONS INC COM NEW 1,060,239 -682,312 (39.16) 17,588,576
WILLIS GROUP HOLDINGS PUBLIC L SHS 896,872 New 18,423,835
ALLISON TRANSMISSION HLDGS INC COM 594,794 34,210 6.10 19,125,204
VALEANT PHARMACEUTICALS INTL I COM 4,322,992 102,589 2.43 19,383,877
HALLIBURTON CO COM 1,026,153 1,026,153 New 20,895,000
TWENTY FIRST CENTY FOX INC CL B 1,019,444 171,590 20.24 30,300,000
CBRE GROUP INC CL A 1,206,219 -32,488 (2.62) 31,322,230
MICROSOFT CORP COM 3,612,062 38 .00 74,238,243