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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
SHUAU
76
DELISTED
SHUAA Partners Acquisition Corp I Unit
SHUAU
$4.51M 0.06%
+450,000
New +$4.5M
FTIIU
77
DELISTED
FutureTech II Acquisition Corp. Unit
FTIIU
$4.51M 0.06%
+450,000
New +$4.5M
ITAQ
78
DELISTED
Industrial Tech Acquisitions II, Inc. Class A Common Stock
ITAQ
$4.45M 0.06%
+447,311
New +$4.44M
MCAA
79
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$4.42M 0.06%
+438,834
New +$4.4M
THAC
80
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
$4.42M 0.06%
441,544
-64,456
-13% -$641K
GGAA
81
DELISTED
Genesis Growth Tech Acquisition Corp. Class A Ordinary Shares
GGAA
$4.39M 0.06%
+440,871
New +$4.38M
ZPTA
82
DELISTED
Zapata Computing Holdings Inc. Common Stock
ZPTA
$4.38M 0.06%
+439,252
New +$4.37M
PORT
83
DELISTED
Southport Acquisition Corporation
PORT
$4.38M 0.06%
+440,871
New +$4.35M
SCUA
84
DELISTED
Sculptor Acquisition Corp I
SCUA
$4.37M 0.06%
+440,871
New +$4.36M
EVE
85
DELISTED
EVe Mobility Acquisition Corp
EVE
$4.37M 0.06%
+440,971
New +$4.36M
HAIA
86
DELISTED
Healthcare AI Acquisition Corp. Class A Ordinary Shares
HAIA
$4.37M 0.06%
+440,871
New +$4.35M
BFAC
87
DELISTED
Battery Future Acquisition Corp.
BFAC
$4.37M 0.06%
+440,871
New +$4.35M
VCXB
88
DELISTED
10X Capital Venture Acquisition Corp III
VCXB
$4.37M 0.06%
+439,252
New +$4.36M
PRLH
89
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$4.36M 0.06%
+440,871
New +$4.35M
FRLA
90
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$4.35M 0.06%
433,688
-62,398
-13% -$623K
CXAC
91
DELISTED
C5 Acquisition Corporation
CXAC
$4.35M 0.06%
+439,252
New +$4.36M
VSAC
92
DELISTED
Vision Sensing Acquisition Corp. Class A Common Stock
VSAC
$4.35M 0.06%
435,612
-60,522
-12% -$602K
WEL
93
DELISTED
Integrated Wellness Acquisition Corp
WEL
$4.21M 0.06%
+421,946
New +$4.18M
TVGN icon
94
Tevogen Inc
TVGN
$44M
$4.2M 0.06%
+8,410
New +$4.18M
JUN
95
DELISTED
Juniper II Corp.
JUN
$4.19M 0.06%
420,700
-60,300
-13% -$595K
OPTX icon
96
Syntec Optics
OPTX
$343M
$4.18M 0.06%
+420,500
New +$4.18M
AVHI
97
DELISTED
Achari Ventures Holdings Corp I
AVHI
$4.17M 0.06%
419,500
-61,500
-13% -$609K
VGAS icon
98
Verde Clean Fuels
VGAS
$27.1M
$4.17M 0.06%
417,243
-62,757
-13% -$625K
AUS
99
DELISTED
Austerlitz Acquisition Corporation I
AUS
$4.17M 0.06%
424,358
-68,994
-14% -$672K
CMCA
100
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$4.16M 0.06%
+418,758
New +$4.15M
2 3
4
5 6

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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.