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Billionaire Jeff Ubben’s ValueAct Cuts Stake in Motorola Solutions, Inc. (MSI) to 4.9%

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Billionaire Jeff Ubben‘s ValueAct Partners has recently trimmed its exposure to Motorola Solutions Inc (NYSE:MSI) and in a recent filing with the US Securities and Exchange Commission reported holding 8.52 million shares of the company, down from 10.21 million shares disclosed in another filing earlier this month. Following the decrease, ValueAct owns 4.9% of Motorola Solutions’ outstanding common stock.

On March 10, ValueAct entered into a Stock Sale Agreement with Credit Suisse Securities, under the terms of which, Credit Suisse would sell up to 2.0 million shares of Motorola Solutions. The investor added that it was selling the securities as “part of its ongoing process of portfolio management.” ValueAct owns shares of Motorola Solutions since the first quarter of 2011, while the stock has appreciated by around 60% since then.

At the end of 2015, ValueAct was the top shareholders of Motorola Solutions, having reported 17.59 million shares in its last 13F filing. Overall, 22 funds disclosed long positions in the company as of the end of the last year, down by five funds over the quarter. Another investor with a significant position in the company was William B. Gray‘s Orbis Investment Management, which held a $1.20 billion position. Other funds bullish on Motorola Solutions include Leon Cooperman’s Omega Advisors, Ken Griffin’s Citadel Investment Group and Wallace Weitz’s Wallace R. Weitz & Co.

On the other hand, several investors unloaded their entire stakes in Motorola Solutions heading into 2016. Among them was David Cohen and Harold Levy’s Iridian Asset Management, which sold a stake previously valued at $73.7 million, followed by Malcolm Fairbairn’s fund, Ascend Capital, which disposed of some $25.1 million worth of shares.

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
S.S. OR 0 0 8,517,576 8,517,576 4.9%
S.S. OR 0 0 8,517,576 8,517,576 4.9%
S.S. OR 0 0 8,517,576 8,517,576 4.9%
S.S. OR 0 0 8,517,576 8,517,576 4.9%
S.S. OR 0 0 8,517,576 8,517,576 4.9%
S.S. OR 0 0 8,517,576 8,517,576 4.9%

Page 1 of 11 – SEC Filing

Washington, D.C. 20549
Under the Securities and Exchange Act of 1934

(Amendment No. 10)

Motorola Solutions, Inc.
(Name of Issuer)

Common Stock, $0.01 par value
(Title of Class of Securities)

(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

March 18, 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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