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 | QRVO Qorvo, Inc. | 12.7% | $581.34M | 7.51M | 0.0% | Held | 5 |
| 2 | KVUE Kenvue Inc. | 10.3% | $470.78M | 27.31M | 0.0% | Held | 6 |
| 3 | IJH iShares Core S&P Mid-Cap ETF | 8.6% | $393.74M | 5.83M | +11.1% | ▲ Add | 6 |
| 4 | AQN Algonquin Power & Utilities… | 7.7% | $351.14M | 57.19M | -9.9% | ▼ Trim | 8 |
| 5 | MTCH Match Group, Inc. | 7.7% | $349.95M | 11.40M | 0.0% | Held | 7 |
| 6 | ACTG Acacia Research Corporation | 6.4% | $294.00M | 61.12M | 0.0% | Held | 8 |
| 7 | BILL Bill.com Holdings, Inc. | 5.9% | $269.05M | 7.02M | 0.0% | Held | 3 |
| 8 | LW Lamb Weston Holdings, Inc. | 5.7% | $258.42M | 6.11M | New | New | 1 |
| 9 | KMX CarMax, Inc. | 5.6% | $257.85M | 6.20M | New | New | 1 |
| 10 | RIOT Riot Platforms, Inc. | 4.2% | $192.13M | 15.54M | +22.0% | ▲ Add | 6 |
| 11 | GEN Gen Digital Inc. | 3.2% | $147.00M | 7.81M | -26.2% | ▼ Trim | 8 |
| 12 | NWSA News Corporation | 3.1% | $139.74M | 5.61M | -4.9% | ▼ Trim | 8 |
| 13 | FLR Fluor Corporation | 2.9% | $134.65M | 2.89M | -44.4% | ▼ Trim | 2 |
| 14 | CWAN Clearwater Analytics… | 2.8% | $129.11M | 5.46M | -45.2% | ▼ Trim | 2 |
| 15 | HR Healthcare Realty Trust… | 2.5% | $115.89M | 6.82M | -45.9% | ▼ Trim | 6 |
| 16 | TRIP Tripadvisor, Inc. | 2.5% | $114.86M | 10.77M | +11.7% | ▲ Add | 4 |
| 17 | BDX Becton, Dickinson and… | 2.2% | $100.08M | 636.49K | -46.2% ✂ | ▼ Trim | 5 |
| 18 | GPGI GPGI, Inc. | 1.9% | $85.96M | 5.03M | New | New | 1 |
| 19 | NWS News Corporation | 1.6% | $73.81M | 2.59M | -41.7% | ▼ Trim | 8 |
| 20 | ROG Rogers Corporation | 1.4% | $62.72M | 584.33K | -51.5% | ▼ Trim | 8 |
| 21 | BLMN Bloomin' Brands, Inc. | 0.9% | $43.10M | 7.98M | 0.0% | Held | 8 |
| 22 | BIXI BITCOIN INFRASTRUCTURE ACQUI | 0.1% | $2.98M | 300.00K | +50.0% | ▲ Add | 2 |
| 23 | BIXI BITCOIN INFRASTRUCTURE ACQUI | 0.1% | $44,550 | 150.00K | +50.0% | ▲ Add | 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 |
|---|---|---|---|---|---|---|
| LW Lamb Weston Holdings… | 6.11M | — | New | $258.42M | 5.7% | |
| KMX CarMax, Inc. | 6.20M | — | New | $257.85M | 5.6% | |
| GPGI GPGI, Inc. | 5.03M | — | New | $85.96M | 1.9% |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| IJH iShares Core S&P… | 5.83M | 5.25M | +11.1% | $393.74M | 8.6% | |
| RIOT Riot Platforms, Inc. | 15.54M | 12.74M | +22.0% | $192.13M | 4.2% | ●●●○○○ |
| TRIP Tripadvisor, Inc. | 10.77M | 9.64M | +11.7% | $114.86M | 2.5% | ●●●●○○ |
| BIXI | 450.00K | 300.00K | +50.0% | $3.02M | 0.1% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| AQN Algonquin Power &… | 57.19M | 63.49M | -9.9% | $351.14M | 7.7% | |
| GEN Gen Digital Inc. | 7.81M | 10.59M | -26.2% | $147.00M | 3.2% | ●●●●○○ |
| CWAN Clearwater Analytics… | 5.46M | 9.96M | -45.2% | $129.11M | 2.8% | |
| HR Healthcare Realty Trust… | 6.82M | 12.60M | -45.9% | $115.89M | 2.5% | ●●●●●○ |
| FLR Fluor Corporation | 2.89M | 5.19M | -44.4% | $134.65M | 2.9% | |
| BDX Becton, Dickinson and… | 636.49K | 929.92K | -46.2% ✂ | $100.08M | 2.2% | ●●●○○○ |
| NWSA News Corporation | 5.61M | 5.90M | -4.9% | $139.74M | 3.1% | ●●●●○○ |
| NWS News Corporation | 2.59M | 4.44M | -41.7% | $73.81M | 1.6% | ●●●●●● |
| ROG Rogers Corporation | 584.33K | 1.20M | -51.5% | $62.72M | 1.4% | ●●○○○○ |
| Security | Shares | Prior | Change | Value | Weight | Streak |
|---|---|---|---|---|---|---|
| ADSK Autodesk, Inc. | — | 1.00M | Exit | $296.52M | 5.6% | |
| CRM Salesforce, Inc. | — | 940.33K | Exit | $249.10M | 4.7% | |
| IWM iShares Russell 2000 ETF | — | 137.00K | Exit | $33.72M | 0.6% |
| Underlying | Type | Underlying shares | Reported value |
|---|---|---|---|
| HYG | Put | 3.00M | $3.00M |
| IWM | Put | 683.10K | $2.70M |
| RIOT | Put | 792.50K | $705,325 |
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 | 0.4% | 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 positions · View original SEC filing ↗
$4.57B · 26 positions · View original SEC filing ↗
$5.28B · 22 positions · View original SEC filing ↗
$5.31B · 20 positions · View original SEC filing ↗
$5.77B · 25 positions · View original SEC filing ↗
$5.50B · 22 positions · View original SEC filing ↗
$5.53B · 22 positions · View original SEC filing ↗
$4.70B · 20 positions · View original SEC filing ↗
$4.30B · 20 positions · View original SEC filing ↗