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 | ADSK Autodesk, Inc. | 10.9% | $510.19M | 1.85M | New | New | 1 |
| 2 | GDDY GoDaddy Inc. | 10.5% | $491.36M | 3.13M | -32.0% | ▼ Trim | 2 |
| 3 | GEN Gen Digital Inc. | 10.2% | $480.48M | 17.52M | 0.0% | Held | 2 |
| 4 | CRM Salesforce, Inc. | 8.4% | $394.65M | 1.44M | -14.3% | ▼ Trim | 2 |
| 5 | MTCH Match Group, Inc. | 7.7% | $361.60M | 9.56M | New | New | 1 |
| 6 | AQN Algonquin Power & Utilities… | 7.2% | $338.67M | 62.14M | 0.0% | Held | 2 |
| 7 | ALIGHT INC (unmapped) | n/a | $321.12M | 43.40M | n/a | n/a | |
| 8 | WIX Wix.com Ltd. | 6.7% | $313.78M | 1.88M | 0.0% | Held | 2 |
| 9 | ACTG Acacia Research Corporation | 6.1% | $284.84M | 61.12M | 0.0% | Held | 2 |
| 10 | NWS News Corporation | 5.2% | $244.06M | 8.73M | 0.0% | Held | 2 |
| 11 | IWN iShares Russell 2000 Value… | 4.8% | $226.04M | 1.35M | +5.9% | ▲ Add | 2 |
| 12 | NWSA News Corporation | 4.1% | $191.77M | 7.20M | 0.0% | Held | 2 |
| 13 | FTRE Fortrea Holdings Inc. | 3.6% | $168.00M | 8.40M | +5.0% | ▲ Add | 2 |
| 14 | BLMN Bloomin' Brands, Inc. | 3.0% | $139.53M | 8.44M | 0.0% | Held | 2 |
| 15 | ROG Rogers Corporation | 1.9% | $90.86M | 804.00K | 0.0% | Held | 2 |
| 16 | HUM Humana Inc. | 1.3% | $60.50M | 191.00K | -62.3% | ▼ Trim | 2 |
| 17 | GDOT Green Dot Corporation | 1.3% | $58.77M | 5.02M | 0.0% | Held | 2 |
| 18 | RBA RB Global, Inc. | 0.4% | $20.22M | 251.16K | 0.0% | Held | 2 |
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 |
|---|---|---|---|---|---|---|
| ADSK Autodesk, Inc. | 1.85M | n/a | New | $510.19M | 10.9% | |
| MTCH Match Group, Inc. | 9.56M | n/a | New | $361.60M | 7.7% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| IWN iShares Russell 2000… | 1.35M | 1.28M | +5.9% | $226.04M | 4.8% | |
| FTRE Fortrea Holdings Inc. | 8.40M | 8.00M | +5.0% | $168.00M | 3.6% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| GDDY GoDaddy Inc. | 3.13M | 4.61M | -32.0% | $491.36M | 10.5% | |
| CRM Salesforce, Inc. | 1.44M | 1.68M | -14.3% | $394.65M | 8.4% | |
| HUM Humana Inc. | 191.00K | 507.00K | -62.3% | $60.50M | 1.3% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| MRCY Mercury Systems, Inc. | n/a | 2.29M | Exit | $61.92M | 1.4% | |
| ACM Aecom | n/a | 625.44K | Exit | $55.13M | 1.3% | |
| IWR iShares Russell Mid-Cap… | n/a | 300.00K | Exit | $24.32M | 0.6% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| HUM | Put | 60.00K | $666,000 |
13Fs report option notional (underlying shares and market value) but not strike, expiry, or whether the option was bought or written, so 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 ↗
$4.57B · 26 holdings listed · View original SEC filing ↗
$5.28B · 22 holdings listed · View original SEC filing ↗
$5.31B · 20 holdings listed · View original SEC filing ↗
$5.77B · 25 holdings listed · View original SEC filing ↗
$5.50B · 22 holdings listed · View original SEC filing ↗
$5.53B · 22 holdings listed · View original SEC filing ↗
$4.70B · 20 holdings listed · View original SEC filing ↗
$4.30B · 20 holdings listed · View original SEC filing ↗