Jeff Ubben - ValueAct Holdings,
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    18
Portfolio value:    $5,712,466,529
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Reported
Price*
Value Current
Price
+/-
Reported
Price
52
Week
Low
52
Week
High
V - Visa Inc. 12.26 Add 34.80% 2,316,250 $302.24 $700,063,400 $323.57 7.06% $293.89 $375.51
AMZN - Amazon.com Inc. 10.52 Reduce 15.02% 2,884,600 $208.27 $600,775,642 $246.03 18.13% $196.00 $278.56
CRM - Salesforce.com 9.79 2,994,509 $186.67 $558,984,995 $185.66 -0.54% $163.52 $276.80
BLK - BlackRock Inc. 9.19 Reduce 21.42% 546,100 $961.71 $525,189,831 $995.60 3.52% $917.39 $1,219.94
META - Meta Platforms Inc. 9.17 Reduce 12.62% 915,674 $572.13 $523,884,566 $593.00 3.65% $520.26 $796.25
RKT - Rocket Companies Inc. 7.04 Reduce 28.35% 28,214,724 $14.25 $402,059,817 $12.65 -11.23% $12.38 $24.36
TOST - Toast Inc. 5.98 Add 60.89% 12,895,438 $26.51 $341,858,061 $24.64 -7.05% $22.26 $49.66
LLYVK - Liberty Media Corp. Series C Live 5.87 Reduce 1.19% 3,561,208 $94.11 $335,145,285 $93.35 -0.81% $73.10 $102.62
RBLX - Roblox Corp. 5.79 Reduce 2.13% 5,848,621 $56.56 $330,798,004 $41.82 -26.06% $40.15 $150.59
KKR - KKR & Co. L.P. 5.31 Buy 3,279,700 $92.50 $303,372,250 $93.40 0.97% $82.67 $153.87
MDB - MongoDB Inc. 4.45 Reduce 26.23% 1,037,800 $244.77 $254,022,306 $350.74 43.29% $196.00 $444.72
SSD - Simpson Manufacturing 4.20 Reduce 5.03% 1,398,042 $171.62 $239,931,968 $185.41 8.04% $151.38 $211.98
SPOT - Spotify Technology S.A. 3.04 Buy 358,500 $484.91 $173,840,235 $496.95 2.48% $405.00 $785.00
LLYVA - Liberty Media Corp. Series A Live 2.85 Reduce 1.24% 1,777,075 $91.64 $162,851,153 $90.61 -1.12% $72.09 $99.82
LYV - Live Nation Inc. 1.67 Reduce 24.10% 624,666 $152.51 $95,267,812 $160.07 4.96% $125.34 $175.25
WIX - Wix.com Ltd. 1.65 Buy 1,099,370 $85.57 $94,069,243 $52.39 -38.78% $51.33 $190.93
DIS - Walt Disney Co. 0.68 Reduce 87.00% 400,231 $96.38 $38,574,264 $99.71 3.46% $92.19 $124.69
CBRE - CBRE Group 0.56 234,591 $135.46 $31,777,697 $130.93 -3.34% $121.69 $174.27
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
Sector % analysis
Financial Services 33.80
Communication Services 29.07
Technology 21.86
Consumer Cyclical 10.52
Basic Materials 4.20
Real Estate 0.56