ValueAct Holdings

ValueAct Holdings as of March 31, 2013

Portfolio Holdings for ValueAct Holdings

ValueAct Holdings holds 0 positions in its portfolio as reported in the March 2013 quarterly 13F filing

                FORM 13F INFORMATION TABLE                                                Voting Authority
                                                                                                             ----------------------
                                                        Value      Shares/     Sh/  Put/   Invstmt  Other
Name of Issuer              Title of Class   CUSIP    (x$1000)     Prn Amt     Prn  Call   Dscretn  Managers    Sole    Shared None
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{S}                              {C}         {C}         {C}         {C}       {C}   {C}     {C}       {C}       {C}     {C}    {C}
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ADOBE SYSTEMS INC               COM       00724F101  1,362,009   31,303,362    SH           Sole        1     31,303,362
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ALBEMARLE INC                   COM       12653101      59,779      956,153    SH           Sole        1        956,153
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BARD C R INC                    COM       067383109    364,452    3,616,308    SH           Sole        1      3,616,308
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CBRE GROUP INC                  COM       12504L109    808,000   32,000,000    SH           Sole        1     32,000,000
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GARDNER DENVER INC              COM       365558105    188,357    2,507,750    SH           Sole        1      2,507,750
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KAR AUCTION SVCS INC            COM       48238T109     16,097      803,628    SH           Sole        1        803,628
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MCGRAW HILL                     COM       580645109     76,166    1,462,472    SH           Sole        1      1,462,472
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MICROS SYSTEMS INC              COM       594901100    269,638    5,924,806    SH           Sole        1      5,924,806
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MICROSOFT CORP                  COM       594918104    954,244   33,353,513    SH           Sole        1     33,353,513
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MOTOROLA SOLUTIONS INC          COM NEW   620076307  1,850,955   28,907,623    SH           Sole        1     28,907,623
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MSCI INC                        COM       55354G100    208,982    6,159,213    SH           Sole        1      6,159,213
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ROCKWELL COLLINS INC            COM       774341101    705,619   11,179,009    SH           Sole        1     11,179,009
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TIBCO SOFTWARE INC              COM       88632Q103      7,847      388,103    SH           Sole        1        388,103
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VALEANT PHARMACEUTICALS INTL    COM       91911K102  1,317,299   17,559,302    SH           Sole        1     17,559,302
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WILLIS GROUP HOLDINGS PUBLIC    SHS       G96666105    651,585   16,500,000    SH           Sole        1     16,500,000
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