This article is part of a series that provides an ongoing analysis of the changes made to Jeffrey Ubben’s 13F stock portfolio on a quarterly basis. It is based on Ubben’s regulatory 13F Form filed on 05/15/2020. Please visit our Tracking Jeffrey Ubben’s ValueAct Portfolio article for an idea on his investment philosophy and our previous update for the fund’s moves during Q4 2019.
This quarter, Ubben’s 13F portfolio value decreased ~30%, from $9.88B to $6.96B. The number of holdings increased from 22 to 24. The top three positions are at ~54%, while the top