Jeffrey Smith Starboard Value
Jeffrey Smith is the CEO of Starboard Value, one of the most active and successful activist investment firms of the past decade. Starboard is known for detailed operational white papers, board campaigns, and efforts to improve margins and capital allocation at portfolio companies. Smith’s firm is a regular presence in corporate governance and activist-investing news.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dynatrace
DT
|
+$345M |
| 2 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$224M |
| 3 |
Flowserve
FLS
|
+$110M |
| 4 |
BILL Holdings
BILL
|
+$33.2K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Qorvo
QRVO
|
+$175M |
| 2 |
Gen Digital
GEN
|
+$147M |
| 3 |
CarMax
KMX
|
+$130M |
| 4 |
Clearwater Analytics
CWAN
|
+$129M |
| 5 |
Match Group
MTCH
|
+$128M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 25.79% |
| 2 | Consumer Staples | 17.01% |
| 3 | Miscellaneous | 15.18% |
| 4 | Industrials | 12.26% |
| 5 | Communication Services | 9.17% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| – | – |
-3,000,000
| Closed | -$3M | – |
|
27
PUT
iShares Russell 2000 ETF
IWM
$76.2B
| – | – |
-683,100
| Closed | -$2.7M | – |
|
28
Rogers Corp
ROG
$2.38B
| – | – |
-584,328
| Closed | -$62.7M | – |
|
Similar funds
Jeffrey Smith's Q2 2026 Portfolio in Review
As of Q2 2026, Jeffrey Smith held 28 positions worth $4.52B, down 1.1% from $4.57B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Jeffrey Smith withdrew a net $681M in Q2 2026, closing 6 positions and reducing 11 holdings. Its most notable exit was Gen Digital, an estimated $147M position sold in full.
By sector, the portfolio is most concentrated in Technology at 26% of assets, down from 26% a quarter earlier, followed by Consumer Staples and Miscellaneous.
Against the trend, Jeffrey Smith opened a new position in Dynatrace worth $389M.
- Jeffrey Smith's largest Q2 2026 buy was Dynatrace: 8,866,692 shares worth $389M.
- Jeffrey Smith added most to iShares Core S&P Mid-Cap ETF in Q2 2026, an estimated $224M increase.
- Jeffrey Smith's biggest Q2 2026 reduction was Qorvo, cutting an estimated $175M.
- Jeffrey Smith fully exited Gen Digital in Q2 2026, selling an estimated $147M.
- Jeffrey Smith's ten largest holdings make up 84% of its $4.52B portfolio in Q2 2026.
- Jeffrey Smith opened 2 new positions and closed 6 in Q2 2026.
- Jeffrey Smith's portfolio value fell 1.1% quarter-over-quarter to $4.52B.
Based on Starboard Value's 13F filing for Q2 2026, filed 14 Aug 2026.