13F-HR 1 vac13f051311.txt SCHEDULE 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 31 March 2011 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: ValueAct Holdings, L.P. ----------------------------------------------------- 435 Pacific Avenue, Fourth Floor ----------------------------------------------------- San Francisco, CA 94133 ----------------------------------------------------- Form 13F File Number: 28-13172 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: George F. Hamel, Jr. Title: Chief Operating Officer Phone: 415-362-3700 Signature, Place, and Date of Signing: /s/ George F. Hamel, Jr. San Francisco, CA May 13, 2011 ------------------ ----------------- ---------------- [Signature] [City, State] [Date] Report Type: [ ] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [X] 13F COMBINATION REPORT. List of Other Managers Reporting for this Manager: Form 13F File Number Name NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 1 --------------- Form 13F Information Table Entry Total: 17 --------------- Form 13F Information Table Value Total: $4,223,868 -------------- (thousands) List of Other Included Managers: Form 13F File Number Name 28-12033 ValueAct Capital Management, L.P. 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 ----------------------------------------------------------------------------------------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------------- ADOBE SYSTEMS INC COM 00724F101 20,755 625,900 SH Sole 1 625,900 ----------------------------------------------------------------------------------------------------------------------------------- ALERE INC COM 01449J105 166,756 4,260,497 SH Sole 1 4,260,497 ----------------------------------------------------------------------------------------------------------------------------------- BARD C R INC COM 067383109 458,163 4,611,139 SH Sole 1 4,611,139 ----------------------------------------------------------------------------------------------------------------------------------- CEPHALON INC COM 156708109 145,679 1,914,816 SH Sole 1 1,914,816 ----------------------------------------------------------------------------------------------------------------------------------- ENERGY SOLUTIONS INC COM 292756202 14,871 2,495,218 SH Sole 1 2,495,218 ----------------------------------------------------------------------------------------------------------------------------------- FLIR SYSTEMS INC COM 302445101 91,066 2,631,205 SH Sole 1 2,631,205 ----------------------------------------------------------------------------------------------------------------------------------- GARTNER INC COM 366651107 295,441 7,090,013 SH Sole 1 7,090,013 ----------------------------------------------------------------------------------------------------------------------------------- IMMUCOR INC COM 452526106 149,154 7,540,665 SH Sole 1 7,540,665 ----------------------------------------------------------------------------------------------------------------------------------- KAR AUCTION SVCS INC COM 48238T109 13,941 908,828 SH Sole 1 908,828 ----------------------------------------------------------------------------------------------------------------------------------- MOODYS CORP COM 615369105 280,601 8,274,860 SH Sole 1 8,274,860 ----------------------------------------------------------------------------------------------------------------------------------- MOTOROLA CORP COM 620076307 178,335 3,990,500 SH Sole 1 3,990,500 ----------------------------------------------------------------------------------------------------------------------------------- NEW YORK TIMES CO CL A 650111107 66,290 7,000,000 SH Sole 1 7,000,000 ----------------------------------------------------------------------------------------------------------------------------------- SARA LEE CORP COM 803111103 484,238 27,404,523 SH Sole 1 27,404,523 ----------------------------------------------------------------------------------------------------------------------------------- SNAP ON INC COM 833034101 172,623 2,874,180 SH Sole 1 2,874,180 ----------------------------------------------------------------------------------------------------------------------------------- VALEANT PHARMACEUTICALS INTL COM 91911K102 975,951 19,593,482 SH Sole 1 19,593,482 ----------------------------------------------------------------------------------------------------------------------------------- VERISIGN INC COM 92343E102 363,779 10,046,369 SH Sole 1 10,046,369 ----------------------------------------------------------------------------------------------------------------------------------- WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 346,225 8,578,410 SH Sole 1 8,578,410 -----------------------------------------------------------------------------------------------------------------------------------