All superinvestors
SV

Starboard Value

Jeff Smith·activist·Concentrated / activist
Accredited only

~n/a since 2002

Portfolio value

$4.5B

Positions

22

Top 5 concentration

48%

New buys this quarter

3

Recent moves vs Dec 2025

$LWNew buy5.8%
$KMXNew buy5.7%
$HYGNew buy0.1%
$IJHAdded8.8%
$RIOTAdded4.3%
$TRIPAdded2.6%
$IWMAdded0.1%
$AQNTrimmed7.8%
$GENTrimmed3.3%
$FLRTrimmed3%
$CWANTrimmed2.9%
$HRTrimmed2.6%
$BDXTrimmed2.2%
$NWSTrimmed1.6%
$ROGTrimmed1.4%
$ADSKSold out
$CRMSold out

Holdings

StockMove% of portfolioValue
$QRVO

QORVO INC

Held
13%
$581M
$KVUE

KENVUE INC

Held
10.5%
$471M
$IJH

ISHARES TR

Added
8.8%
$394M
$AQN

ALGONQUIN PWR UTILS CORP

Trimmed
7.8%
$351M
$MTCH

MATCH GROUP INC NEW

Held
7.8%
$350M
$ACTG

ACACIA RESH CORP

Held
6.6%
$294M
$BILL

BILL HOLDINGS INC

Held
6%
$269M
$LW

LAMB WESTON HLDGS INC

New buy
5.8%
$258M
$KMX

CARMAX INC

New buy
5.7%
$258M
$RIOT

RIOT PLATFORMS INC

Added
4.3%
$193M
$GEN

GEN DIGITAL INC

Trimmed
3.3%
$147M
$NWSA

NEWS CORP NEW

Held
3.1%
$140M
$FLR

FLUOR CORP

Trimmed
3%
$135M
$CWAN

CLEARWATER ANALYTICS HLDGS I

Trimmed
2.9%
$129M
$HR

HEALTHCARE RLTY TR

Trimmed
2.6%
$116M
$TRIP

TRIPADVISOR INC

Added
2.6%
$115M
$BDX

BECTON DICKINSON & CO

Trimmed
2.2%
$100M
$NWS

NEWS CORP NEW

Trimmed
1.6%
$74M
$ROG

ROGERS CORP

Trimmed
1.4%
$63M
$BLMN

BLOOMIN BRANDS INC

Held
1%
$43M
$HYG

ISHARES TR

New buy
0.1%
$3M
$IWM

ISHARES TR

Added
0.1%
$3M

Notable sell-outs this quarter: $ADSK, $CRM

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.