Jeff Ubben Adds to Stakes in Microsoft, Halliburton, Baker Hughes in First Quarter

Jun 04, 2015

Jeff Ubben (Trades, Portfolio) is co-founder of ValueAct Capital as well as its chief executive officer and chief investment officer. ValueAct seeks to secure weighty stakes in a small number of undervalued companies; Ubben, likewise, has a limited number of stocks in his portfolio, and most of his activity in the first quarter was focused on adding to those holdings.

He only bought two new stocks – Precision Castparts Corp (PCP, Financial) and Wesco International Inc (WCC, Financial) – and sold his stake in just one – Rockwell Collins Inc. (COL, Financial) – in the first quarter. He also reduced his stake in one company – Agrium Inc (AGU, Financial).

Ubben left his most-valuable stake, Valeant Pharmaceuticals International Inc (VRX, Financial), untouched in the first quarter, but he added to his holdings in the next three most-valuable stakes in his portfolio – Microsoft Corp (MSFT, Financial), Halliburton Co (HAL, Financial) and Baker Hughes Inc (BHI, Financial).

Ubben bought 1,033,186 shares of Microsoft, the Redmond, Washington-based computer software and hardware and consumer electronics company, for an average price of $43.53 per share. The transaction had a 0.23% impact on his portfolio.

Microsoft announced this week that its Windows 10 computer operating system will be available at the end of July.

Ubben acquired 12,861,760 shares of Halliburton, an oilfield services and equipment company based in Houston, for an average price of $41.69 per share. That purchase had a 3.12% impact on his portfolio.

Ubben more than doubled his stake in Baker Hughes, another Houston-based oilfield services company, purchasing 8,249,200 shares for an average price of $60.33 per share. The deal had a 2.9% impact on Ubben’s portfolio.

Ubben also added to his existing stake in Twenty-First Century Fox Inc (FOX, Financial).

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