Below is a spreadsheet that highlights the changes to Jeffrey Ubben's ValueAct Capital US long stock portfolio as of Q4
2013. Please check out our previous update to have an idea on how the portfolio is progressing:
Microsoft, ValueAct's largest position by far at over 20% was kept steady this quarter. Other changes include a ~24% stake reduction in Adobe Systems (ADBE), an almost ~300% stake increase in Allison Transmission Holding (ALSN), a minor stake increase in MSCI Inc. (MSCI), and a very small 0.32% stake establishment in Dresser-Rand Group (DRC). ADBE still accounts for 12.53% of the US long portfolio and ALSM stake is now at 4.12%.
Microsoft, ValueAct's largest position by far at over 20% was kept steady this quarter. Other changes include a ~24% stake reduction in Adobe Systems (ADBE), an almost ~300% stake increase in Allison Transmission Holding (ALSN), a minor stake increase in MSCI Inc. (MSCI), and a very small 0.32% stake establishment in Dresser-Rand Group (DRC). ADBE still accounts for 12.53% of the US long portfolio and ALSM stake is now at 4.12%.
To know more about Jeffrey Ubben and his value investing style check out the book The Art of Value Investing: How the World's Best Investors Beat the Market. To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .
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