We are live on ! Find out more
JS

Jeffrey Smith Starboard Value

AUM $4.52B
1-Year Est. Return 19.34%
 

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.

This Fund
S&P 500
This Quarter Est. Return
-0.65%
1 Year Est. Return
+19.34%
3 Year Est. Return
+55.97%
5 Year Est. Return
+85.4%
10 Year Est. Return
+430.11%
AUM
$3.39B
AUM Growth
-$285M
Cap. Flow
+$528M
Cap. Flow %
15.57%
Top 10 Hldgs %
86.13%
Holding
30
New
6
Increased
3
Reduced
7
Closed
7

Top Buys

Rank Stock Value
1
PRGO icon
Perrigo
PRGO
+$313M
2
COL
Rockwell Collins
COL
+$97M
3
CTSH icon
Cognizant
CTSH
+$78.9M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$68.4M
5
VIAV icon
Viavi Solutions
VIAV
+$27.2M

Top Sells

Rank Stock Value
1
WRK
WestRock Company
WRK
+$113M
2
BLOX
Infoblox Inc
BLOX
+$73.8M
3
IWN icon
iShares Russell 2000 Value ETF
IWN
+$55.8M
4
NSP icon
Insperity
NSP
+$53.1M
5
HPE icon
Hewlett Packard
HPE
+$30.6M

Sector Composition

Rank Sector Weight
1 Healthcare 29.32%
2 Technology 20.46%
3 Consumer Discretionary 18.95%
4 Energy 14.02%
5 Industrials 10.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IMPV
26
DELISTED
Imperva, Inc.
IMPV
– –
-160,000
Closed -$8.59M
CAB
27
CALL
DELISTED
Cabela's Inc
CAB
– –
-500,000
Closed -$27.5M
CAB
28
DELISTED
Cabela's Inc
CAB
– –
-300,000
Closed -$16.5M
BLOX
29
DELISTED
Infoblox Inc
BLOX
– –
-2,800,000
Closed -$73.8M
1
2

Similar funds

FIS
Fundsmith Investment Services Grande Riviere Noire, Mauritius $4.52B AUM 8.53% 1-Year Est. Return
Kovitz Investment Group Partners
Kovitz Investment Group Partners Chicago, Illinois $4.52B AUM 31.84% 1-Year Est. Return
MP
Munro Partners Melbourne, Australia $4.54B AUM 84.34% 1-Year Est. Return
U
Uber San Francisco, California $4.51B AUM 1.92% 1-Year Est. Return
CGI
Comgest Global Investors Paris, France $4.55B AUM 11.62% 1-Year Est. Return
DACG
Donor Advised Charitable Giving San Francisco, California $4.49B AUM 26.39% 1-Year Est. Return
5NCM
59 North Capital Management Houston, Texas $4.49B AUM 6.4% 1-Year Est. Return
WA
WestEnd Advisors Charlotte, North Carolina $4.49B AUM 19.44% 1-Year Est. Return

Jeffrey Smith's Q4 2016 Portfolio in Review

As of Q4 2016, Jeffrey Smith held 30 positions worth $3.39B, down 7.8% from $3.68B the previous quarter. Its ten largest holdings account for 86% of the portfolio.

Jeffrey Smith deployed $528M of net new capital in Q4 2016, opening 6 new positions and adding to 3 existing holdings. Its largest new stake was Rockwell Collins: 1,100,000 shares worth $102M.

By sector, the portfolio is most concentrated in Healthcare at 29% of assets, up from 22% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was WestRock Company, an estimated $113M trimmed.

  • Jeffrey Smith's largest Q4 2016 buy was Rockwell Collins: 1,100,000 shares worth $102M.
  • Jeffrey Smith added most to Perrigo in Q4 2016, an estimated $313M increase.
  • Jeffrey Smith's biggest Q4 2016 reduction was WestRock Company, cutting an estimated $113M.
  • Jeffrey Smith fully exited Infoblox Inc in Q4 2016, selling an estimated $73.8M.
  • Jeffrey Smith's ten largest holdings make up 86% of its $3.39B portfolio in Q4 2016.
  • Jeffrey Smith opened 6 new positions and closed 7 in Q4 2016.
  • Jeffrey Smith's portfolio value fell 7.8% quarter-over-quarter to $3.39B.

Based on Starboard Value's 13F filing for Q4 2016, filed 14 Feb 2017.