Starboard Value
Jeff Smith (CEO) · New York, NY · CIK 1517137 · EDGAR filings ↗
Activist campaigns in mid-cap companies.
Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.
Share of reported common-equity value; (±pp) vs prior quarter.
| # | Security | Weight | Value | Shares | Δ shares | Held | |
|---|---|---|---|---|---|---|---|
| 1 | IJH iShares Core S&P Mid-Cap ETF | 15.1% | $684.57M | 8.88M | +52.3% | ▲ Add | 7 |
| 2 | QRVO Qorvo, Inc. | 11.6% | $523.39M | 5.61M | -25.3% | ▼ Trim | 6 |
| 3 | KVUE Kenvue Inc. | 11.5% | $521.85M | 27.31M | 0.0% | Held | 7 |
| 4 | DT Dynatrace, Inc. | 8.6% | $389.34M | 8.87M | New | New | 1 |
| 5 | AQN Algonquin Power & Utilities… | 7.4% | $335.13M | 57.19M | 0.0% | Held | 9+ |
| 6 | MTCH Match Group, Inc. | 6.5% | $295.84M | 7.78M | -31.8% | ▼ Trim | 8 |
| 7 | ACTG Acacia Research Corporation | 6.3% | $284.84M | 61.12M | 0.0% | Held | 9+ |
| 8 | RIOT Riot Platforms, Inc. | 6.1% | $276.94M | 10.11M | -34.9% | ▼ Trim | 7 |
| 9 | BILL Bill.com Holdings, Inc. | 5.6% | $254.05M | 7.03M | 0.0% | ▲ Add | 4 |
| 10 | LW Lamb Weston Holdings, Inc. | 5.5% | $247.59M | 5.73M | -6.2% | ▼ Trim | 2 |
| 11 | KMX CarMax, Inc. | 3.8% | $169.59M | 3.21M | -48.3% | ▼ Trim | 2 |
| 12 | FLS Flowserve Corporation | 2.4% | $106.91M | 1.44M | New | New | 1 |
| 13 | FLR Fluor Corporation | 1.8% | $83.11M | 1.59M | -45.0% | ▼ Trim | 3 |
| 14 | GPGI GPGI, Inc. | 1.8% | $79.68M | 5.03M | 0.0% | Held | 2 |
| 15 | TRIP Tripadvisor, Inc. | 1.5% | $69.88M | 5.10M | -52.7% | ▼ Trim | 5 |
| 16 | NWS News Corporation | 1.5% | $68.22M | 2.43M | -6.1% | ▼ Trim | 9+ |
| 17 | NWSA News Corporation | 1.1% | $50.66M | 2.04M | -63.6% | ▼ Trim | 9+ |
| 18 | HR Healthcare Realty Trust… | 0.9% | $39.05M | 1.94M | -71.6% | ▼ Trim | 7 |
| 19 | BLMN Bloomin' Brands, Inc. | 0.8% | $38.21M | 4.18M | -47.6% | ▼ Trim | 9+ |
| 20 | BIXI BITCOIN INFRASTRUCTURE ACQUI | 0.1% | $3.05M | 450.00K | 0.0% | Held | 3 |
Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| DT Dynatrace, Inc. | 8.87M | — | New | $389.34M | 8.6% | |
| FLS Flowserve Corporation | 1.44M | — | New | $106.91M | 2.4% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| IJH iShares Core S&P… | 8.88M | 5.83M | +52.3% | $684.57M | 15.1% | ●●○○○○ |
| BILL Bill.com Holdings, Inc. | 7.03M | 7.02M | 0.0% | $254.05M | 5.6% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| QRVO Qorvo, Inc. | 5.61M | 7.51M | -25.3% | $523.39M | 11.6% | |
| MTCH Match Group, Inc. | 7.78M | 11.40M | -31.8% | $295.84M | 6.5% | |
| RIOT Riot Platforms, Inc. | 10.11M | 15.54M | -34.9% | $276.94M | 6.1% | |
| LW Lamb Weston Holdings… | 5.73M | 6.11M | -6.2% | $247.59M | 5.5% | |
| KMX CarMax, Inc. | 3.21M | 6.20M | -48.3% | $169.59M | 3.8% | |
| NWSA News Corporation | 2.04M | 5.61M | -63.6% | $50.66M | 1.1% | ●●●●●○ |
| FLR Fluor Corporation | 1.59M | 2.89M | -45.0% | $83.11M | 1.8% | ●●○○○○ |
| HR Healthcare Realty Trust… | 1.94M | 6.82M | -71.6% | $39.05M | 0.9% | ●●●●●● |
| TRIP Tripadvisor, Inc. | 5.10M | 10.77M | -52.7% | $69.88M | 1.5% | |
| NWS News Corporation | 2.43M | 2.59M | -6.1% | $68.22M | 1.5% | ●●●●●● |
| BLMN Bloomin' Brands, Inc. | 4.18M | 7.98M | -47.6% | $38.21M | 0.8% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| GEN Gen Digital Inc. | — | 7.81M | Exit | $147.00M | 3.2% | |
| CWAN Clearwater Analytics… | — | 5.46M | Exit | $129.11M | 2.8% | |
| BDX Becton, Dickinson and… | — | 636.49K | Exit | $100.08M | 2.2% | |
| ROG Rogers Corporation | — | 584.33K | Exit | $62.72M | 1.4% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| RIOT | Put | 2.42M | $1.92M |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written — no direction can be inferred. Methodology
Consecutive quarters each current position has been reported, within our data window.
| Manager | Common positions | Name overlap | Weighted similarity | |
|---|---|---|---|---|
| Northwestern Mutual Wealth Management Co | 16 | 0.4% | 0.1518 | Compare ⇄ |
| Mariner, LLC | 15 | 0.4% | 0.0613 | Compare ⇄ |
| Balyasny Asset Management L.P. | 8 | 0.4% | 0.0503 | Compare ⇄ |
| Truist Financial Corp | 9 | 0.3% | 0.0494 | Compare ⇄ |
| Fifth Third Bancorp | 17 | 0.4% | 0.0485 | Compare ⇄ |
| Raymond James Financial Inc | 17 | 0.3% | 0.0482 | Compare ⇄ |
| Wells Fargo & Company/Mn | 19 | 0.3% | 0.048 | Compare ⇄ |
| Tudor Investment Corp Et Al | 8 | 0.5% | 0.0417 | Compare ⇄ |
Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology
$4.52B · 22 holdings listed · View original SEC filing ↗
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$5.31B · 20 holdings listed · View original SEC filing ↗
$5.77B · 25 holdings listed · View original SEC filing ↗
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$4.30B · 20 holdings listed · View original SEC filing ↗