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Allison Transmission Holdings Inc (ALSN): Jeff Ubben’s ValueAct Capital Unloads 23% of Its Shares

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A freshly amended 13D filing with the SEC revealed that Jeffrey Ubben‘s ValueAct Capital has sold 4.3 million shares of Allison Transmission Holdings Inc (NYSE:ALSN), decreasing its stake in the company to 14.83 million shares, which amass 9% of the company’s outstanding stock. According to its 13F for the reporting period of June 30, the fund held 19.13 million shares.

Allison Transmission Holdings Inc (NYSE:ALSN) is a manufacturer of fully-automatic transmissions for a variety of commercial vehicles. Year-to-date, the company’s stock is up by 11.82%. In its financial report for the third quarter of 2016, Allison Transmission disclosed earnings per share of $0.27, topping the estimates of $0.25, and revenue of $434 million, also above the estimates of $431.7 million. On September 30, Credit Agricole SA initiated coverage on Allison Transmission Holdings’ stock and placed an ‘Outperform’ rating on it, with a price target of $31.

 

VALUEACT CAPITAL

As per Insider Monkey’s database, 34 investors reported holding long positions in Allison Transmission Holdings Inc (NYSE:ALSN) as of the end of June, down by four from the end of March. Among the funds with the biggest investments in the company were William Crowley, William Harker, and Stephen Blass’ Ashe Capital (10.03 million shares), James A. Star’s Longview Asset Management (9.26 million shares), Thomas Steyer’s Farallon Capital (5.08 million shares), and John Ku’s Manor Road Capital Partners (1.5 million shares).

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
ValueAct Capital Master Fund, L.P. 0 0 14,825,204 14,825,204 9.0%
VA Partners I, LLC 0 0 14,825,204 14,825,204 9.0%
ValueAct Capital Management, L.P. 0 0 14,825,204 14,825,204 9.0%
ValueAct Capital Management, LLC 0 0 14,825,204 14,825,204 9.0%
ValueAct Holdings, L.P. 0 0 14,825,204 14,825,204 9.0%
ValueAct Holdings GP, LLC 0 0 14,825,204 14,825,204 9.0%
Jeffrey Ubben
Jeffrey Ubben
ValueAct Capital

Page 1 of 11 – SEC Filing

=============================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities and Exchange Act of 1934

(Amendment No. 3)

Allison Transmission Holdings, Inc.
————————————————
(Name of Issuer)

Common Stock
————————————————
(Title of Class of Securities)

01973R101
————————————————
(CUSIP Number)

Allison Bennington, Esq.
ValueAct Capital
One Letterman Drive, Building D, Fourth Floor
San Francisco, CA 94129
(415) 362-3700
————————————————
(Name, address and telephone number of Person
Authorized to Receive Notices and Communications)

Allison Bennington, Esq.
ValueAct Capital
One Letterman Drive, Building D, Fourth Floor
San Francisco, CA 94129
(415) 362-3700

October 27, 2016
————————————————
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

This information required on the remainder of this cover page shall not be
deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
=============================================================================

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