Quarter Ending 6/30/2011 Back to the Enlightened American Website
ValueAct Holdings LP
*****  NEW POSITIONS TAKEN
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
N/A N/A FIDELITY NATIONAL FINANCIAL 5,413,115 $15.74 $85,202,000
N/A N/A INTERCONTINENTALEXCHANGE INC 525,000 $124.71 $65,473,000
N/A N/A ROCKWELL COLLINS INC 2,077,200 $61.69 $128,142,000
*****  SOLD OFF
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
*****  HOLD POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
0.00% -6.44% ALERE INC 4,260,497 4,260,497 $36.62 $39.14 $156,019,000 $166,756,000
0.00% 10.57% BARD C R INC 4,611,139 4,611,139 $109.86 $99.36 $506,580,000 $458,163,000
0.00% 5.02% CEPHALON INC 1,914,816 1,914,816 $79.90 $76.08 $152,994,000 $145,679,000
0.00% -17.11% ENERGY SOLUTIONS INC 2,495,218 2,495,218 $4.94 $5.96 $12,326,000 $14,871,000
0.00% -2.60% FLIR SYSTEMS INC 2,631,205 2,631,205 $33.71 $34.61 $88,698,000 $91,066,000
0.00% 3.24% IMMUCOR INC 7,540,665 7,540,665 $20.42 $19.78 $153,980,000 $149,154,000
0.00% 23.28% KAR AUCTION SVCS INC 908,828 908,828 $18.91 $15.34 $17,186,000 $13,941,000
0.00% -7.92% NEW YORK TIMES CO 7,000,000 7,000,000 $8.72 $9.47 $61,040,000 $66,290,000
0.00% 1.86% WILLIS GROUP HOLDINGS PUBLIC 8,578,410 8,578,410 $41.11 $40.36 $352,658,000 $346,225,000
*****  AUGMENTED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
652.42% -5.16% 4,083,506 ADOBE SYSTEMS INC 4,709,406 625,900 $31.45 $33.16 $148,111,000 $20,755,000
33.56% 13.09% 2,777,110 MOODYS CORP 11,051,970 8,274,860 $38.35 $33.91 $423,843,000 $280,601,000
414.67% 3.02% 16,547,400 MOTOROLA CORP 20,537,900 3,990,500 $46.04 $44.69 $945,565,000 $178,335,000
*****  REDUCED POSITIONS
% pos ch % val ch Change COMPANY Cur. Pos. Prev. Pos. Approx PPS Prev PPS Value Prev Value
-28.35% -3.31% -2,010,000 GARTNER INC 5,080,013 7,090,013 $40.29 $41.67 $204,674,000 $295,441,000
-25.54% 7.47% -7,000,000 SARA LEE CORP 20,404,523 27,404,523 $18.99 $17.67 $387,482,000 $484,238,000
-54.13% 4.03% -1,555,800 SNAP ON INC 1,318,380 2,874,180 $62.48 $60.06 $82,372,000 $172,623,000
-22.96% 4.32% -4,498,180 VALEANT PHARMACEUTICALS INTL 15,095,302 19,593,482 $51.96 $49.81 $784,352,000 $975,951,000
-17.92% -7.59% -1,800,000 VERISIGN INC 8,246,369 10,046,369 $33.46 $36.21 $275,924,000 $363,779,000
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