LKQ - ValueAct confirms new Spotify stake exits LKQ Corp.

2023-05-15 18:34:50 ET

• ValueAct took a new stake in Spotify Technology ( NYSE: SPOT ) with ~2.25M shares and closed out its position in LKQ Corp. ( NASDAQ: LKQ ) in the first quarter of the year, according to its latest 13F filing on Monday.
• The firm increased its stakes in Salesforce ( NYSE: CRM ) to ~3.49M shares from 560K and Insight Enterprises ( NASDAQ: NSIT ) to 4.51M shares from 4.42M, and reduced its holdings in Fiserv ( NASDAQ: FISV ) to 11.6M shares from 14.6M, KKR ( NYSE: KKR ) to 20.5M shares from 23.7M,  and the New York Times ( NYSE: NYT ) to 13.4M shares from 13.6M, according to the filing .
• In March, ValueAct urged Seven & I ( OTCPK:SVNDY ) shareholders to remove four directors from the board of the company that owns the 7-Eleven convenience store chain.
• In February, Spotify ( SPOT ) shares jumped after a report that ValueAct took a position in the music streaming service.

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