Assessing ValueAct Capital Management’s fourth quarter positions
ValueAct’s 4Q investments
ValueAct Capital Management (VAC) is a San Francisco–based investment company that manages more than $12 billion on behalf of several institutional and individual investors. The firm was founded in 2000 and is led by its founding partners, Jeffrey Ubben and George Hamel, Jr.
ValueAct’s fourth quarter U.S. long portfolio was worth $12 billion, up from $11.8 billion in the third quarter. ValueAct initiated a new position in Dresser-Rand Group, Inc. (DRC). It sold its stakes in CF Industries (CF), The Mosaic Company (MOS), and Valero Energy Corporation (VLO). The fund increased positions in Allison Transmission Holding (ALSN) and MSCI Inc. (MSCI). It reduced its stake in Adobe Systems Incorporated (ADBE).
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