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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
+3.52%
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
$3.43B
AUM Growth
+$165M
Cap. Flow
-$33.8M
Cap. Flow %
-0.99%
Top 10 Hldgs %
90.05%
Holding
27
New
7
Increased
4
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$669M
2
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$103M
3
HPE icon
Hewlett Packard
HPE
+$61.3M
4
AAP icon
Advance Auto Parts
AAP
+$48.1M
5
WBMD
WebMD Health Corp.
WBMD
+$23.7M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$571M
2
BCO icon
Brink's
BCO
+$81M
3
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$74.1M
4
NSP icon
Insperity
NSP
+$46.5M
5
CTSH icon
Cognizant
CTSH
+$38.1M

Sector Composition

Rank Sector Weight
1 Technology 48.7%
2 Healthcare 26.93%
3 Consumer Discretionary 11.29%
4 Real Estate 3.57%
5 Industrials 3.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRCO
26
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
– –
-1,989,314
Closed -$74.1M
1
2

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Jeffrey Smith's Q2 2017 Portfolio in Review

As of Q2 2017, Jeffrey Smith held 27 positions worth $3.43B, up 5.1% from $3.26B the previous quarter. Its ten largest holdings account for 90% of the portfolio.

Jeffrey Smith's Q2 2017 filing shows 7 new, 4 increased, 6 reduced and 5 closed positions. Its largest new stake was Altaba Inc: 12,298,627 shares worth $670M. The largest sale was Yahoo Inc, an estimated $571M.

By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 28% a quarter earlier, followed by Healthcare and Consumer Discretionary.

  • Jeffrey Smith's largest Q2 2017 buy was Altaba Inc: 12,298,627 shares worth $670M.
  • Jeffrey Smith added most to Hewlett Packard in Q2 2017, an estimated $61.3M increase.
  • Jeffrey Smith's biggest Q2 2017 reduction was Brink's, cutting an estimated $81M.
  • Jeffrey Smith fully exited Yahoo Inc in Q2 2017, selling an estimated $571M.
  • Jeffrey Smith's ten largest holdings make up 90% of its $3.43B portfolio in Q2 2017.
  • Jeffrey Smith opened 7 new positions and closed 5 in Q2 2017.
  • Jeffrey Smith's portfolio value rose 5.1% quarter-over-quarter to $3.43B.

Based on Starboard Value's 13F filing for Q2 2017, filed 11 Aug 2017.