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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
LEGA
76
DELISTED
Lead Edge Growth Opportunities, Ltd Class A Ordinary Shares
LEGA
$4.76M 0.1%
480,650
– –
KAHC
77
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$4.68M 0.1%
475,245
– –
TETE
78
DELISTED
Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares
TETE
$4.61M 0.1%
456,220
– –
GMFI
79
DELISTED
Aetherium Acquisition Corp
GMFI
$4.61M 0.1%
462,651
– –
SHUA
80
DELISTED
SHUAA Partners Acquisition Corp I Class A Ordinary Share
SHUA
$4.56M 0.1%
450,000
– –
FTII
81
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$4.53M 0.1%
450,000
– –
MCAA
82
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$4.49M 0.1%
438,834
– –
THAC
83
DELISTED
Thrive Acquisition Corporation Class A ordinary shares
THAC
$4.48M 0.1%
441,544
– –
ITAQ
84
DELISTED
Industrial Tech Acquisitions II, Inc. Class A Common Stock
ITAQ
$4.47M 0.1%
447,311
– –
GGAA
85
DELISTED
Genesis Growth Tech Acquisition Corp. Class A Ordinary Shares
GGAA
$4.46M 0.1%
440,871
– –
EVE
86
DELISTED
EVe Mobility Acquisition Corp
EVE
$4.45M 0.1%
440,971
– –
BFAC
87
DELISTED
Battery Future Acquisition Corp.
BFAC
$4.45M 0.1%
440,871
– –
HAIA
88
DELISTED
Healthcare AI Acquisition Corp. Class A Ordinary Shares
HAIA
$4.45M 0.1%
440,871
– –
SCUA
89
DELISTED
Sculptor Acquisition Corp I
SCUA
$4.44M 0.1%
440,871
– –
VCXB
90
DELISTED
10X Capital Venture Acquisition Corp III
VCXB
$4.44M 0.1%
439,252
– –
PORT
91
DELISTED
Southport Acquisition Corporation
PORT
$4.43M 0.1%
440,871
– –
ZPTA
92
DELISTED
Zapata Computing Holdings Inc. Common Stock
ZPTA
$4.42M 0.1%
439,252
– –
FRLA
93
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$4.41M 0.1%
433,688
– –
CXAC
94
DELISTED
C5 Acquisition Corporation
CXAC
$4.41M 0.1%
439,252
– –
PRLH
95
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$4.39M 0.1%
440,871
– –
VSAC
96
DELISTED
Vision Sensing Acquisition Corp. Class A Common Stock
VSAC
$4.38M 0.1%
435,612
– –
BOAS
97
DELISTED
BOA Acquisition Corp.
BOAS
$4.32M 0.09%
+434,267
New +$4.27M
TVGN icon
98
Tevogen Inc
TVGN
$44M
$4.27M 0.09%
8,410
– –
WEL
99
DELISTED
Integrated Wellness Acquisition Corp
WEL
$4.27M 0.09%
421,946
– –
CMCA
100
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$4.23M 0.09%
418,758
– –
2 3
4
5 6

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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.