Jeffrey Ubben’s ValueAct Capital has disclosed its holdings for the second quarter, revealing 16 investments which have a current market value of $13.5 billion. The portfolio remains focused on the tech industry, which makes about 50% of the total, and finance plus healthcare, which together make around 33% of the portfolio. Ubben is a long-term investor and usually does not make more than a few purchases a year. In addition, the investor does not look to be highly diversified, his three top picks make around 55% of the total portfolio value.
The top pick for the quarter is Microsoft Corporation (NASDAQ:MSFT), where the investor has acquired additional 2.9 million shares, taking its stake to 74.2 million shares which have a market value of $3 billion. The Microsoft Corporation (NASDAQ:MSFT) stake makes 22.88% of the total portfolio value. In addition to Ubben, Boykin Curry’s Eagle Capital Management is bullish on Microsoft Corporation owning 33 million shares worth $1.3 billion.
On the second place there is Canadian Valeant Pharmaceuticals Intl Inc (NYSE:VRX), where Ubben holds a stake of 18 million shares, unchanged from the last quarter. The shares are worth 2.3 billion and make as much as 17.64% of the entire portfolio. Valeant Pharmaceuticals Intl Inc is currently involved together with Bill Ackman’s Pershing Square in a high-profile takeover battle with Allergan, Inc. (NYSE:AGN). Andreas Halvorsen’s Viking Global is bullish on Valeant Pharmaceuticals Intl Inc as well, as it has increased its stake in the last quarter by 2.5 million shares, to 11.8 million. The stake is worth $1.4 billion.
Motorola Solutions Inc (NYSE:MSI) has grabbed the third place in ValueAct’s portfolio, the same as the previous quarter. Jeffrey Ubben owns 28 million shares in the company which have a market value of $1.9 billion. The stake in Motorola Solutions Inc (NYSE:MSI) makes 14.2% of the entire portfolio. Motorola Solutions Inc is also owned by Leon Cooperman, who holds 2.9 million shares worth $195 million, according to his latest 13F.
