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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
-3.71%
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
$4.55B
AUM Growth
-$954M
Cap. Flow
-$946M
Cap. Flow %
-20.81%
Top 10 Hldgs %
71.53%
Holding
188
New
5
Increased
3
Reduced
11
Closed
11

Top Buys

Rank Stock Value
1
WIX icon
WIX.com
WIX
+$177M
2
IWN icon
iShares Russell 2000 Value ETF
IWN
+$86.7M
3
BOAS
BOA Acquisition Corp.
BOAS
+$4.27M
4
CNTM
ConnectM Technology Solutions, Inc. Common Stock
CNTM
+$3.7M
5
ACAC
Acri Capital Acquisition Corp
ACAC
+$3M

Top Sells

Rank Stock Value
1
GCP
GCP Applied Technologies Inc.
GCP
+$205M
2
ON icon
ON Semiconductor
ON
+$204M
3
ELAN icon
Elanco Animal Health
ELAN
+$113M
4
ACIW icon
ACI Worldwide
ACIW
+$99.2M
5
HUN icon
Huntsman Corp
HUN
+$89.4M

Sector Composition

Rank Sector Weight
1 Technology 36.35%
2 Financials 22.27%
3 Industrials 14.46%
4 Healthcare 14.02%
5 Consumer Discretionary 4.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CITE
51
DELISTED
Cartica Acquisition Corp Class A Ordinary Shares
CITE
$5.44M 0.12%
539,252
– –
JOFF
52
DELISTED
JOFF Fintech Acquisition Corp. Class A Common Stock
JOFF
$5.44M 0.12%
552,000
– –
NCAC
53
DELISTED
Newcourt Acquisition Corp Class A Ordinary Share
NCAC
$5.23M 0.12%
516,222
– –
SLND icon
54
Southland Holdings
SLND
$37M
$5.22M 0.11%
525,057
+175,184
+50% +$1.74M
CREC
55
DELISTED
Crescera Capital Acquisition Corp Class A Ordinary Shares
CREC
$5.14M 0.11%
512,748
– –
RDZN icon
56
Roadzen
RDZN
$132M
$5.12M 0.11%
509,330
– –
SPCM
57
DELISTED
Sound Point Acquisition Corp I, Ltd Class A Ordinary Share
SPCM
$5.1M 0.11%
500,000
– –
GTI
58
DELISTED
Graphjet Technology
GTI
$5.09M 0.11%
8,366
– –
VMCA
59
DELISTED
Valuence Merger Corp. I Class A Ordinary Shares
VMCA
$5.08M 0.11%
500,000
– –
ACAQ
60
DELISTED
Athena Consumer Acquisition Corp.
ACAQ
$5.08M 0.11%
505,276
– –
CURR
61
Currenc Group
CURR
$394M
$5.07M 0.11%
500,000
– –
DSAQ
62
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$5.06M 0.11%
499,200
– –
IVCB
63
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
$5.05M 0.11%
500,000
– –
DGNU
64
DELISTED
Dragoneer Growth Opportunities Corp. III Class A Ordinary Shares
DGNU
$5.05M 0.11%
516,010
– –
LIBY
65
DELISTED
Liberty Resources Acquisition Corp. Class A Common Stock
LIBY
$5.03M 0.11%
498,406
– –
STI icon
66
Solidion Technology
STI
$65M
$5.03M 0.11%
10,000
– –
JGGC
67
DELISTED
Jaguar Global Growth Corporation I Class A Ordinary Shares
JGGC
$4.99M 0.11%
500,000
– –
HMA
68
DELISTED
Heartland Media Acquisition Corp.
HMA
$4.98M 0.11%
500,000
– –
ARTE
69
DELISTED
Artemis Strategic Investment Corporation Class A Common Stock
ARTE
$4.97M 0.11%
500,000
– –
AGCB
70
DELISTED
Altimeter Growth Corp 2
AGCB
$4.96M 0.11%
500,000
– –
OHPA
71
DELISTED
Orion Acquisition Corp. Class A common stock
OHPA
$4.92M 0.11%
500,000
– –
LGV
72
DELISTED
Longview Acquisition Corp. II
LGV
$4.91M 0.11%
500,000
– –
GOGN
73
DELISTED
GoGreen Investments Corporation
GOGN
$4.87M 0.11%
480,069
– –
EVGR
74
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$4.79M 0.11%
475,000
– –
SLAM
75
DELISTED
Slam Corp. Class A Ordinary Share
SLAM
$4.76M 0.1%
480,199
– –
1 2
3
4 5

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Jeffrey Smith's Q3 2022 Portfolio in Review

As of Q3 2022, Jeffrey Smith held 188 positions worth $4.55B, down 17% from $5.5B the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Jeffrey Smith withdrew a net $946M in Q3 2022, closing 11 positions and reducing 11 holdings. Its most notable exit was GCP Applied Technologies Inc., an estimated $205M position sold in full.

By sector, the portfolio is most concentrated in Technology at 36% of assets, up from 33% a quarter earlier, followed by Financials and Industrials.

Against the trend, Jeffrey Smith opened a new position in WIX.com worth $201M.

  • Jeffrey Smith's largest Q3 2022 buy was WIX.com: 2,567,966 shares worth $201M.
  • Jeffrey Smith added most to Atlantic Coastal Acquisition Corp. Class A Common Stock in Q3 2022, an estimated $2.94M increase.
  • Jeffrey Smith's biggest Q3 2022 reduction was ON Semiconductor, cutting an estimated $204M.
  • Jeffrey Smith fully exited GCP Applied Technologies Inc. in Q3 2022, selling an estimated $205M.
  • Jeffrey Smith's ten largest holdings make up 72% of its $4.55B portfolio in Q3 2022.
  • Jeffrey Smith opened 5 new positions and closed 11 in Q3 2022.
  • Jeffrey Smith's portfolio value fell 17% quarter-over-quarter to $4.55B.

Based on Starboard Value's 13F filing for Q3 2022, filed 14 Nov 2022.