What Jeffrey Ubben et al bought and sold in Q3 2025

In Q3 2025, Jeffrey Ubben et al (ValueAct Holdings, L.P.) opened 1 new position — including TOST (2.1%), added to 4, trimmed 3, exited 3 (RDFN, EXPE, CCC). The book stood at $5.93B across 16 positions, filed Nov 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.