Starboard Value LP

CIK 1517137 · View on SEC EDGAR ↗

Portfolio value
$4.5B
#865 of 9,443 by 13F value · top 9.2%
Positions
22
As of
June 30, 2026

Portfolio value QoQ: -1.1% 13F does not disclose cash

Top 10 holdings weight
84.30%
Top 25 holdings weight
100.00%
Positions above 1%
17
Effective number of positions
11.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 16.1% Est. buys $732,532,979 · sells $1,455,200,949

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 56.4% still held

New positions
2
Increased
3
Decreased
11
Closed
6

Put-notional exposure: 0.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+0.4%
S&P 500 total return (same window)
+28.1%
Excess return
-27.7%

Annualized: +0.3% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 93.7% · Options excluded: 0.0%

Sector breakdown

Technology
33.7%
Consumer products
11.5%
Communication Services
10.7%
Utilities
7.4%
Financial Services
6.3%
Consumer Staples
5.5%
Industrials
4.2%
Retail
3.7%
Real Estate
0.9%
Consumer Discretionary
0.8%
Other/Unmapped
15.2%

Full portfolio 22 positions

Type Streak 8Q trend
IJH $684,565,693 15.13% 8,877,781 $290,821,493 Up ×2
QRVO Qorvo, Inc. - Common Stock $523,387,030 11.57% 5,611,526 $-57,954,385 Down ×1
KVUE Kenvue Inc. Common Stock $521,848,848 11.54% 27,307,632 $51,065,272
DT Dynatrace, Inc. Common Stock $389,336,446 8.61% 8,866,692 Up ×1
AQN Algonquin Power & Utilities Corp. Common Shares $335,130,001 7.41% 57,189,420 $-16,013,038
MTCH Match Group, Inc. - Common Stock $295,843,506 6.54% 7,775,125 $-54,108,583 Down ×1
ACTG Acacia Research Corporation - Common Stock $284,835,953 6.30% 61,123,595 $-9,168,539
RIOT Riot Platforms, Inc. - Common Stock $276,937,091 6.12% 10,114,576 $84,806,132 Down ×1
BILL BILL Holdings, Inc. Common Stock $254,051,048 5.62% 7,025,748 $-15,000,630 Up ×1
LW Lamb Weston Holdings, Inc. Common Stock $247,593,343 5.47% 5,733,982 $-10,825,796 Down ×1
KMX CarMax Inc $169,588,506 3.75% 3,206,438 $-88,264,126 Down ×1
FLS Flowserve Corporation Common Stock $106,909,056 2.36% 1,441,600 Up ×1
FLR Fluor Corporation Common Stock $83,107,672 1.84% 1,586,327 $-51,539,483 Down ×2
GPGI GPGI, Inc. Class A Common Stock $79,678,394 1.76% 5,027,028 $-6,283,785
TRIP TripAdvisor, Inc. - Common Stock $69,879,815 1.54% 5,096,996 $-44,981,642 Down ×1
NWS News Corporation - Class B Common Stock $68,216,133 1.51% 2,431,081 $-5,598,566 Down ×6
NWSA News Corporation - Class A Common Stock $50,655,683 1.12% 2,040,100 $-89,080,108 Down ×5
HR Healthcare Realty Trust Incorporated Common Stock $39,054,505 0.86% 1,936,267 $-76,838,821 Down ×6
BLMN Bloomin' Brands, Inc. - Common Stock $38,214,267 0.84% 4,180,992 $-4,883,090 Down ×1
BIXI Bitcoin Infrastructure Acquisition Corp Ltd. - Class A Ordinary Shares $2,998,500 0.07% 300,000 $22,500
RIOT Riot Platforms, Inc. - Common Stock $1,918,518 0.04% 2,423,400 Put option $1,213,193 Up ×1
BIXIW Bitcoin Infrastructure Acquisition Corp Ltd. - Warrants $47,460 0.00% 149,999 $2,910

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
DT $389,336,446 8,866,692 8.61%
FLS $106,909,056 1,441,600 2.36%

Top movers (QoQ)

Security Action Shares Δ Value Δ
IJH Bought more +3.0M +$290.8M
NWSA Trimmed -3.6M -$89.1M
KMX Trimmed -3.0M -$88.3M
RIOT Trimmed -5.4M +$84.8M
HR Trimmed -4.9M -$76.8M
QRVO Trimmed -1.9M -$58.0M
MTCH Trimmed -3.6M -$54.1M
FLR Trimmed -1.3M -$51.5M
KVUE Price move only +0 +$51.1M
TRIP Trimmed -5.7M -$45.0M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
GDDY March 31, 2025 2,830,100 $558,576,837 -45.5%
ADSK March 31, 2026 1,001,733 $296,522,985 5.6%
CRM March 31, 2026 940,325 $249,101,496 8.1%
PFE Sept. 30, 2025 8,542,149 $207,061,692 10.9%
WIX March 31, 2025 840,000 $180,222,000 -51.8%
ALIT Dec. 31, 2025 45,865,899 $149,522,831 627.7%
GEN June 30, 2026 7,806,922 $147,004,341 11.8%
CWAN June 30, 2026 5,459,031 $129,106,083 No longer tracked
BDX June 30, 2026 636,494 $100,075,952 22.8%
ROG June 30, 2026 584,328 $62,715,924 -18.4%
RBA Sept. 30, 2025 251,163 $26,670,999 -18.9%
GDOT Sept. 30, 2025 1,733,298 $18,684,952 0.5%
FTRE Sept. 30, 2025 2,495,558 $12,328,057 116.1%
HYG June 30, 2026 3,000,000 $3,000,000 No longer tracked
IWM June 30, 2026 683,100 $2,701,661 No longer tracked