# EDGAR Filing Document

**Accession Number:** 0001418814
**File Stem:** 0001418812-25-000026
**Filing Date:** 2025-8
**Character Count:** 9685
**Document Hash:** c8d1065da69c057b026b9be8aaf7d36c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001418812-25-000026.hdr.sgml**: 20250827

**ACCESSION NUMBER**: 0001418812-25-000026

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250827

**EFFECTIVENESS DATE**: 20250827

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ValueAct Holdings, L.P.
- **CENTRAL INDEX KEY:** 0001418814

**ORGANIZATION NAME:**
- **EIN:** 251905427
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13172
- **FILM NUMBER:** 251259017

**BUSINESS ADDRESS:**
- **STREET 1:** ONE LETTERMAN DRIVE
- **STREET 2:** BUILDING D, 4TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129
- **BUSINESS PHONE:** 415-362-3700

**MAIL ADDRESS:**
- **STREET 1:** ONE LETTERMAN DRIVE
- **STREET 2:** BUILDING D, 4TH FLOOR
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94129

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001418814

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Institutional Manager

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** ValueAct Holdings, L.P.

**Address:** ONE LETTERMAN DRIVE, SAN FRANCISCO, CA 94129

**Telephone number:** 415-362-3700

**Name of agent for service:** —

**Agent Address:** —, —, — —

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 028-13172

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** —

**Report Type (check only one):**

Institutional Manager.

- [x] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [ ] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 1

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                  | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                            | VOTE CATEGORY                |     SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Visa Inc.                       | 92826C839 | 01/28/2025     | To approve, on an advisory basis, the compensation paid to our named executive officers.                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 373600           |                0 | FOR         |                         373600           | FOR                         |  |
| The Walt Disney Company         | 254687106 | 03/20/2025     | Consideration of an advisory vote to approve executive compensation.                                                                                                                                        | SECTION 14A SAY-ON-PAY VOTES |      6.56603e+06 |                0 | FOR         |                              6.56603e+06 | FOR                         |  |
| Simpson Manufacturing Co., Inc. | 829073105 | 05/06/2025     | Approve, on an advisory basis, the compensation of the Company's named executive officers.                                                                                                                  | SECTION 14A SAY-ON-PAY VOTES | 245600           |                0 | FOR         |                         245600           | FOR                         |  |
| Teleflex Incorporated           | 879369106 | 05/09/2025     | Approval, on an advisory basis, of named executive officer compensation.                                                                                                                                    | SECTION 14A SAY-ON-PAY VOTES | 406800           |                0 | FOR         |                         406800           | FOR                         |  |
| Insight Enterprises, Inc.       | 45765U103 | 05/13/2025     | Advisory vote (non-binding) to approve named executive officer compensation.                                                                                                                                | SECTION 14A SAY-ON-PAY VOTES |      4.06174e+06 |                0 | FOR         |                              4.06174e+06 | FOR                         |  |
| Amazon.com, Inc.                | 023135106 | 05/21/2025     | ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION                                                                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 563100           |                0 | FOR         |                         563100           | FOR                         |  |
| Meta Platforms, Inc.            | 30303M102 | 05/28/2025     | To approve, on a non-binding advisory basis, the compensation program for Meta Platforms, Inc.'s named executive officers as disclosed in Meta Platforms, Inc.'s proxy statement.                           | SECTION 14A SAY-ON-PAY VOTES |      1.01487e+06 |                0 | FOR         |                              1.01487e+06 | FOR                         |  |
| Meta Platforms, Inc.            | 30303M102 | 05/28/2025     | To vote, on a non-binding advisory basis, whether a non-binding advisory vote on the compensation program for Meta Platforms, Inc.'s named executive officers should be held every one, two or three years. | SECTION 14A SAY-ON-PAY VOTES |      1.01487e+06 |                0 | THREE YEARS |                              1.01487e+06 | FOR                         |  |
| Roblox Corporation              | 771049103 | 05/29/2025     | Advisory Vote on the Compensation of our Named Executive Officers.                                                                                                                                          | SECTION 14A SAY-ON-PAY VOTES |      8.76492e+06 |                0 | FOR         |                              8.76492e+06 | FOR                         |  |
| Expedia Group, Inc.             | 30212P303 | 06/03/2025     | Approval, on an advisory basis, of the compensation of Expedia Group's named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      1.11716e+06 |                0 | FOR         |                              1.11716e+06 | FOR                         |  |
| Salesforce, Inc.                | 79466L302 | 06/05/2025     | Approval, on an advisory basis, of the fiscal 2025 compensation of our named executive officers.                                                                                                            | SECTION 14A SAY-ON-PAY VOTES |      2.89851e+06 |                0 | FOR         |                              2.89851e+06 | FOR                         |  |
| Live Nation Entertainment, Inc. | 538034109 | 06/12/2025     | To hold an advisory vote on the company's executive compensation;                                                                                                                                           | SECTION 14A SAY-ON-PAY VOTES | 885266           |                0 | FOR         |                         885266           | FOR                         |  |
| Toast, Inc.                     | 888787108 | 06/13/2025     | To approve, on an advisory (non-binding) basis, the compensation of our named executive officers.                                                                                                           | SECTION 14A SAY-ON-PAY VOTES |      2.5972e+06  |                0 | FOR         |                              2.5972e+06  | FOR                         |  |
| MongoDB, Inc.                   | 60937P106 | 06/30/2025     | Approval, on a non-binding advisory basis, of the compensation of our named executive officers.                                                                                                             | SECTION 14A SAY-ON-PAY VOTES | 690500           |                0 | FOR         |                         690500           | FOR                         |  |
| MongoDB, Inc.                   | 60937P106 | 06/30/2025     | Approval, on a non-binding advisory basis, of the frequency of future advisory votes on the compensation of our named executive officers.                                                                   | SECTION 14A SAY-ON-PAY VOTES | 690500           |                0 | ONE YEAR    |                         690500           | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** ValueAct Holdings, L.P.

**By (Signature):** Jason B. Breeding

**By (Printed Signature):** Jason B. Breeding

**By (Title):** Authorized Signatory

**Date:** 08/26/2025