ValueAct Holdings’s Citigroup C Stock Holding History

ValueAct Holdings’s Portfolio C Stock Details C Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2022 Q4	–	Sell	-10,992,637	Closed	-$458M	–	11
2022 Q3	$458M	Hold	10,992,637	–	–	7.76%	6
2022 Q2	$506M	Sell	10,992,637 -2,853,470	-21%	-$143M	8.06%	6
2022 Q1	$739M	Hold	13,846,107	–	–	10.17%	6
2021 Q4	$836M	Hold	13,846,107	–	–	9.43%	6
2021 Q3	$972M	Sell	13,846,107 -6,899,597	-33%	-$482M	11.25%	5
2021 Q2	$1.47B	Sell	20,745,704 -978,015	-5%	-$72.4M	16.27%	3
2021 Q1	$1.58B	Sell	21,723,719 -5,301,781	-20%	-$354M	18.44%	2
2020 Q4	$1.67B	Hold	27,025,500	–	–	19.33%	2
2020 Q3	$1.17B	Hold	27,025,500	–	–	16.39%	3
2020 Q2	$1.38B	Hold	27,025,500	–	–	15.81%	3
2020 Q1	$1.14B	Hold	27,025,500	–	–	16.35%	2
2019 Q4	$2.16B	Sell	27,025,500 -1,000,000	-4%	-$73.9M	21.85%	1
2019 Q3	$1.94B	Sell	28,025,500 -3,500,000	-11%	-$238M	20.89%	1
2019 Q2	$2.21B	Hold	31,525,500	–	–	23.05%	1
2019 Q1	$1.96B	Hold	31,525,500	–	–	21.56%	1
2018 Q4	$1.64B	Buy	31,525,500 +5,300,000	+20%	+$336M	20.44%	1
2018 Q3	$1.88B	Buy	26,225,500 +1,050,000	+4%	+$74.2M	18.51%	1
2018 Q2	$1.68B	Buy	25,175,500 +8,975,500	+55%	+$618M	15.25%	1
2018 Q1	$1.09B	Buy	16,200,000 +15,100,000	+1,373%	+$1.13B	10.96%	4
2017 Q4	$81.9M	Buy	+1,100,000	New	+$81.3M	0.83%	12

Other funds holding C

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Berkshire Hathaway Omaha, Nebraska $263B AUM 16.68% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Hotchkis & Wiley Capital Management Los Angeles, California $32.4B AUM 17.21% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

ValueAct Holdings's C Position: Q4 2022 in Review

ValueAct Holdings sold out of Citigroup (C) in Q4 2022, closing a stake of 10,992,637 shares — an estimated $458M sold.

ValueAct Holdings first reported a position in C in Q4 2017 and held it in 20 quarters. The position peaked at $2.21B in Q2 2019. 1,605 funds tracked by Wall St. Rank hold C as of Q4 2022.

ValueAct Holdings reported no remaining Citigroup position as of Q4 2022 after selling out during the quarter.
ValueAct Holdings sold 10,992,637 Citigroup shares in Q4 2022, an estimated $458M.
ValueAct Holdings first reported a position in Citigroup in Q4 2017 and held it in 20 quarters.
ValueAct Holdings's Citigroup position peaked at $2.21B in Q2 2019.
1,605 funds tracked by Wall St. Rank held Citigroup as of Q4 2022.

Based on ValueAct Holdings's 13F filing for Q4 2022, filed 14 Feb 2023.