VALUEACT HOLDINGS, L.P. Information

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

Report Date: 09/30/2014

Position Statistics

Total Positions 16
New Positions 2
Increased Positions 6
Decreased Positions 6
Positions with Activity 12
Sold Out Positions 3
Total Mkt Value (in $ millions) 16,094

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

Sector Weighting

Basic Materials 3.39%
Capital Goods 8.86%
Conglomerates
Consumer Cyclical 3.62%
Consumer/Non-Cyclical
Energy
Financial 8.09%
Healthcare 18.77%
Services 12.77%
Technology 44.51%
Transportation 0%
Utilities

16 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▲ Change in Value ($1,000s) Change (%) Shares Held
DRESSER-RAND GROUP INC COM -353,903 Sold Out 0
EXPEDITORS INTL WASH INC COM -40,099 Sold Out 0
KAR AUCTION SVCS INC COM -28,006 Sold Out 0
TWENTY FIRST CENTY FOX INC CL A 157,734 157,734 New 4,600,000
ARMSTRONG WORLD INDS INC NEW COM 461,104 325,780 240.74 9,200,000
MSCI INC COM 504,732 -1,753 (0.35) 9,308,960
AGRIUM INC COM 545,203 545,203 New 5,216,753
ALLISON TRANSMISSION HLDGS INC COM 582,575 New 18,025,204
WILLIS GROUP HOLDINGS PUBLIC L SHS 796,462 53 .01 18,423,835
TWENTY FIRST CENTY FOX INC CL B 837,648 749,127 846.27 25,200,000
ROCKWELL COLLINS INC COM 964,348 -83,793 (7.99) 11,051,428
CBRE GROUP INC CL A 1,059,865 New 32,165,849
ADOBE SYS INC COM 1,767,080 -51,842 (2.85) 23,860,116
MOTOROLA SOLUTIONS INC COM NEW 1,892,871 New 28,907,623
VALEANT PHARMACEUTICALS INTL I COM 3,021,386 New 18,923,877
MICROSOFT CORP COM 3,502,524 39 .00 74,237,469