What Jeffrey Ubben et al bought and sold in Q2 2025

In Q2 2025, Jeffrey Ubben et al (ValueAct Holdings, L.P.) opened 6 new positions — including SSD (3.9%), MDB (2.6%), 07WA (2.4%), added to 2, trimmed 5, exited 2 (TOST, NU). The book stood at $5.60B across 18 positions, filed Aug 14, 2025.

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.