| Quarter Ending 06/30/2010 | Back to the Enlightened American Website | ||||||||
| ValueAct Small Caps | |||||||||
| ***** NEW POSITIONS TAKEN | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| N/A | N/A | AFC ENTERPRISES INC | 296,397 | $9.10 | $2,697,000 | ||||
| N/A | N/A | BREEZE EASTERN CORP | 1,098 | $5.46 | $6,000 | ||||
| N/A | N/A | EURONET WORLDWIDE INC | 100,000 | $12.79 | $1,279,000 | ||||
| N/A | N/A | REALNETWORKS INC | 474,502 | $3.30 | $1,566,000 | ||||
| ***** SOLD OFF | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| N/A | N/A | BWAY HOLDINGS CO | 1,325,654 | $20.10 | $26,646,000 | ||||
| N/A | N/A | IMMERSION CORP | 1,413,503 | $5.00 | $7,068,000 | ||||
| N/A | N/A | INTERDIGITAL INC | 339,299 | $27.86 | $9,453,000 | ||||
| N/A | N/A | LAWSON SOFTWARE INC | 100,000 | $6.60 | $660,000 | ||||
| N/A | N/A | MICROSEMI CORP | 889,549 | $17.34 | $15,425,000 | ||||
| N/A | N/A | MISTRAS GROUP INC | 90,074 | $9.99 | $900,000 | ||||
| N/A | N/A | SYMYX TECHNOLOGIES INC | 265,500 | $4.49 | $1,192,000 | ||||
| ***** HOLD POSITIONS | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 0.00% | -14.92% | IMMUCOR INC | 1,372,671 | 1,372,671 | $19.05 | $22.39 | $26,149,000 | $30,734,000 | |
| 0.00% | -10.32% | MASIMO CORP | 490,893 | 490,893 | $23.81 | $26.55 | $11,688,000 | $13,033,000 | |
| 0.00% | -5.52% | STEINWAY MUSICAL INSTRUMENTS | 1,081,853 | 1,081,853 | $17.79 | $18.83 | $19,246,000 | $20,371,000 | |
| 0.00% | -3.79% | TRANSDIGM GROUP INC | 232,000 | 232,000 | $51.03 | $53.04 | $11,839,000 | $12,305,000 | |
| ***** AUGMENTED POSITIONS | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| 102.03% | -14.02% | 5,053,465 | BIGBAND NETWORKS INC | 10,006,260 | 4,952,795 | $3.02 | $3.51 | $30,219,000 | $17,397,000 |
| 35.40% | -20.84% | 1,638,309 | ENERGY SOLUTIONS INC | 6,266,252 | 4,627,943 | $5.09 | $6.43 | $31,895,000 | $29,758,000 |
| 95.10% | -29.60% | 1,000,000 | NEUTRAL TANDEM INC | 2,051,508 | 1,051,508 | $11.25 | $15.98 | $23,079,000 | $16,803,000 |
| 119.90% | 1.85% | 1,348,921 | S 1 CORP | 2,473,921 | 1,125,000 | $6.01 | $5.90 | $14,868,000 | $6,638,000 |
| ***** REDUCED POSITIONS | |||||||||
| % pos ch | % val ch | Change | COMPANY | Cur. Pos. | Prev. Pos. | Approx PPS | Prev PPS | Value | Prev Value |
| -25.41% | -32.74% | -728,414 | ACTIVIDENTITY CORP | 2,138,509 | 2,866,923 | $1.91 | $2.84 | $4,085,000 | $8,142,000 |