Starboard Value LP

Superinvestor · Jeffrey Smith

CIK

1517137

Location

New York, NY

Portfolio Value

Small $489,687,880

Diversification

Diversified

Filing Date

Global Rank

#766 / 8,579 ▼ 47

Top Industry

Semiconductors 14.1%

3Y Alpha vs SPY

-9.6%

Period ended 2 months ago

Filed May 15, 2026 · 28d

24 quarters · since Mar 2020

Portfolio Concentration

20 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

14.1%

+0.7 pts

Top 5

49.8%

+2.3 pts

Top 10

77.4%

+2.3 pts

HHI

748

Diversified+35

Portfolio Trend

24 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.9%	$1,189,219,441	5
Consumer Defensive	17.7%	$729,202,714	2
Industrials	12.5%	$514,613,823	3
Communication Services	11.9%	$489,687,880	2
Consumer Cyclical	10.1%	$415,811,444	3
Utilities	8.5%	$351,143,038	1
Financial Services	5.0%	$204,902,259	2
Real Estate	2.8%	$115,893,326	1
Healthcare	2.4%	$100,075,951	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
RIOT	Riot Platforms, Inc.	+3,592,500	16,337,076	$201,926,259
TRIP	TripAdvisor, Inc.	+1,130,000	10,774,996	$114,861,457
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
AQN	Algonquin Power & Utilities Corp.	−6,300,000	57,189,420	$351,143,038
HR	Healthcare Realty Trust Inc	−5,778,733	6,821,267	$115,893,326
CWAN	Clearwater Analytics Holdings, Inc.	−4,500,000	5,459,031	$129,106,083
GEN	Gen Digital Inc.	−2,778,670	7,806,922	$147,004,341
FLR	Fluor Corp	−2,305,000	2,886,327	$134,647,154
ROG	Rogers Corp	−619,129	584,328	$62,715,924
BDX	Becton Dickinson & Co	−293,423	636,494	$100,075,951
NWSA	News Corp	−290,361	5,605,126	$139,735,791
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
LW	Lamb Weston Holdings, Inc.	6,114,982	$258,419,139
KMX	Carmax Inc	6,201,362	$257,852,631
GPGI	GPGI, Inc.	5,027,028	$85,962,178
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
ADSK	Autodesk, Inc.	1,001,733	$296,522,985
CRM	Salesforce, Inc.	940,325	$249,101,495
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2 positions · $489,687,880 total · Communication Services only · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Real Estate Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio	History
MTCH	Match Group, Inc. Communication Services	Held	11,395,379	0	$349,952,089	−4.9%	$31.18	71.46%
NWSA	News Corp Communication Services	Reduced	5,605,126	-290,361	$139,735,791	−9.3%	$24.79	28.54%