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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
-1.65%
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
$7.54B
AUM Growth
+$327M
Cap. Flow
+$786M
Cap. Flow %
10.42%
Top 10 Hldgs %
60.25%
Holding
226
New
90
Increased
8
Reduced
66
Closed
56

Top Buys

Rank Stock Value
1
HUM icon
Humana
HUM
+$405M
2
MRCY icon
Mercury Systems
MRCY
+$213M
3
KSS icon
Kohl's
KSS
+$188M
4
LPSN icon
LivePerson
LPSN
+$173M
5
GDDY icon
GoDaddy
GDDY
+$115M

Top Sells

Rank Stock Value
1
MGLN
Magellan Health Services, Inc.
MGLN
+$225M
2
CTVA icon
Corteva
CTVA
+$148M
3
CERN
Cerner Corp
CERN
+$108M
4
ACIW icon
ACI Worldwide
ACIW
+$91.6M
5
ON icon
ON Semiconductor
ON
+$57.9M

Sector Composition

Rank Sector Weight
1 Technology 29.09%
2 Healthcare 16.23%
3 Materials 15.65%
4 Financials 13.94%
5 Industrials 10.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDZN icon
51
Roadzen
RDZN
$132M
$5.09M 0.07%
+509,330
New +$5.05M
CREC
52
DELISTED
Crescera Capital Acquisition Corp Class A Ordinary Shares
CREC
$5.07M 0.07%
+512,748
New +$5.05M
ACAQ
53
DELISTED
Athena Consumer Acquisition Corp.
ACAQ
$5.04M 0.07%
505,276
+120,476
+31% +$1.2M
SPCMU
54
DELISTED
Sound Point Acquisition Corp I, Ltd Unit
SPCMU
$5.03M 0.07%
+500,000
New +$5.03M
JGGCU
55
DELISTED
Jaguar Global Growth Corporation I Unit
JGGCU
$5.03M 0.07%
+500,000
New +$5.03M
GTI
56
DELISTED
Graphjet Technology
GTI
$5.02M 0.07%
+8,366
New +$4.99M
VMCAU
57
DELISTED
Valuence Merger Corp. I Unit
VMCAU
$5.01M 0.07%
+500,000
New +$5.01M
CURR
58
Currenc Group
CURR
$394M
$5M 0.07%
+500,000
New +$4.97M
DSAQ
59
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$4.99M 0.07%
499,200
-76,800
-13% -$765K
IVCB
60
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
$4.99M 0.07%
+500,000
New +$4.97M
ARTE
61
DELISTED
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
$4.99M 0.07%
500,000
+212,000
+74% +$2.1M
LIBY
62
DELISTED
Liberty Resources Acquisition Corp. Class A Common Stock
LIBY
$4.98M 0.07%
+498,406
New +$4.95M
HMA
63
DELISTED
Heartland Media Acquisition Corp.
HMA
$4.94M 0.07%
+500,000
New +$4.94M
AGCB
64
DELISTED
Altimeter Growth Corp 2
AGCB
$4.91M 0.07%
+500,000
New +$4.89M
NUBIU
65
DELISTED
Nubia Brand International Corp. Unit
NUBIU
$4.89M 0.06%
+489,178
New +$4.89M
OHPA
66
DELISTED
Orion Acquisition Corp. Class A common stock
OHPA
$4.88M 0.06%
+500,000
New +$4.87M
LGV
67
DELISTED
Longview Acquisition Corp. II
LGV
$4.88M 0.06%
+500,000
New +$4.87M
GOGN
68
DELISTED
GoGreen Investments Corporation
GOGN
$4.8M 0.06%
480,069
-68,576
-12% -$683K
EVGRU
69
DELISTED
Evergreen Corporation Unit
EVGRU
$4.75M 0.06%
+475,000
New +$4.76M
LEGA
70
DELISTED
Lead Edge Growth Opportunities, Ltd Class A Ordinary Shares
LEGA
$4.7M 0.06%
480,650
-91,050
-16% -$885K
SLAM
71
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$4.69M 0.06%
480,199
-92,554
-16% -$901K
KAHC
72
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$4.67M 0.06%
475,245
-91,599
-16% -$894K
GMFI
73
DELISTED
Aetherium Acquisition Corp
GMFI
$4.57M 0.06%
+462,651
New +$4.56M
QTI
74
QT Imaging Holdings
QTI
$42.6M
$4.56M 0.06%
457,600
-70,400
-13% -$699K
TETE
75
DELISTED
Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares
TETE
$4.54M 0.06%
+456,220
New +$4.53M
1 2
3
4 5

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Jeffrey Smith's Q1 2022 Portfolio in Review

As of Q1 2022, Jeffrey Smith held 226 positions worth $7.54B, up 4.5% from $7.22B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Jeffrey Smith deployed $786M of net new capital in Q1 2022, opening 90 new positions and adding to 8 existing holdings. Its largest new stake was Humana: 968,200 shares worth $421M.

By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 30% a quarter earlier, followed by Healthcare and Materials.

On the sell side, the largest reduction was Corteva, an estimated $148M trimmed.

  • Jeffrey Smith's largest Q1 2022 buy was Humana: 968,200 shares worth $421M.
  • Jeffrey Smith added most to GoDaddy in Q1 2022, an estimated $115M increase.
  • Jeffrey Smith's biggest Q1 2022 reduction was Corteva, cutting an estimated $148M.
  • Jeffrey Smith fully exited Magellan Health Services, Inc. in Q1 2022, selling an estimated $225M.
  • Jeffrey Smith's ten largest holdings make up 60% of its $7.54B portfolio in Q1 2022.
  • Jeffrey Smith opened 90 new positions and closed 56 in Q1 2022.
  • Jeffrey Smith's portfolio value rose 4.5% quarter-over-quarter to $7.54B.

Based on Starboard Value's 13F filing for Q1 2022, filed 13 May 2022.