market folly

Jeff Ubben's activist hedge fund firm ValueAct Capital recently filed a Form 3 with the SEC regarding shares of Willis Group Holdings (WSH).  Per the filing, ValueAct has disclosed that they own 18,214,700 shares of WSH as of July 23rd.

This marks a 10% increase in the number of shares they own since the end of the first quarter when they disclosed a 16,500,000 share position in WSH.

Jeff Ubben will be speaking at the Value Investing Congress next month in New York City and Market Folly readers can receive a discount to the event here with code N13MF4

Per Google Finance, Willis Group Holdings is "provides a range of insurance brokerage, reinsurance and risk management consulting services to its clients worldwide. It has market positions in the United States, in the United Kingdom and, directly and through its associates, in many other countries. It is recognized in providing specialized risk management advisory and other services on a global basis to clients in various industries including aerospace, marine, construction and energy. It has three segments: North America , International and Global."