We are live on ! Find out more
JS

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
+9.3%
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
$5.22B
AUM Growth
+$671M
Cap. Flow
+$477M
Cap. Flow %
9.13%
Top 10 Hldgs %
73.53%
Holding
183
New
6
Increased
4
Reduced
8
Closed
35

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$442M
2
VRT icon
Vertiv
VRT
+$225M
3
SPLK
Splunk Inc
SPLK
+$151M
4
GDDY icon
GoDaddy
GDDY
+$148M
5
IWN icon
iShares Russell 2000 Value ETF
IWN
+$42.4M

Top Sells

Rank Stock Value
1
CVLT icon
Commault Systems
CVLT
+$131M
2
HUN icon
Huntsman Corp
HUN
+$126M
3
ON icon
ON Semiconductor
ON
+$99.8M
4
HUM icon
Humana
HUM
+$93.6M
5
WTW icon
Willis Towers Watson
WTW
+$70.1M

Sector Composition

Rank Sector Weight
1 Technology 41.73%
2 Industrials 19.95%
3 Financials 18.07%
4 Healthcare 10%
5 Consumer Discretionary 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVE
76
DELISTED
EVe Mobility Acquisition Corp
EVE
$4.54M 0.09%
440,971
– –
ZPTA
77
DELISTED
Zapata Computing Holdings Inc. Common Stock
ZPTA
$4.54M 0.09%
439,252
– –
BFAC
78
DELISTED
Battery Future Acquisition Corp.
BFAC
$4.53M 0.09%
440,871
– –
HAIA
79
DELISTED
Healthcare AI Acquisition Corp. Class A Ordinary Shares
HAIA
$4.52M 0.09%
440,871
– –
SCUA
80
DELISTED
Sculptor Acquisition Corp I
SCUA
$4.52M 0.09%
440,871
– –
PRLH
81
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$4.51M 0.09%
440,871
– –
CXAC
82
DELISTED
C5 Acquisition Corporation
CXAC
$4.49M 0.09%
439,252
– –
PORT
83
DELISTED
Southport Acquisition Corporation
PORT
$4.49M 0.09%
440,871
– –
VSAC
84
DELISTED
Vision Sensing Acquisition Corp. Class A Common Stock
VSAC
$4.48M 0.09%
435,612
– –
FRLA
85
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$4.48M 0.09%
433,688
– –
TVGN icon
86
Tevogen Inc
TVGN
$44M
$4.34M 0.08%
8,410
– –
WEL
87
DELISTED
Integrated Wellness Acquisition Corp
WEL
$4.34M 0.08%
421,946
– –
CMCA
88
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$4.33M 0.08%
418,758
– –
JUN
89
DELISTED
Juniper II Corp.
JUN
$4.28M 0.08%
420,700
– –
TOAC
90
DELISTED
Talon 1 Acquisition Corp. Class A Ordinary Shares
TOAC
$4.24M 0.08%
409,054
– –
LIVB
91
DELISTED
LIV Capital Acquisition Corp. II Class A Ordinary Shares
LIVB
$4.1M 0.08%
400,000
– –
EONR
92
EON Resources
EONR
$24M
$4.09M 0.08%
400,000
– –
FRXB
93
DELISTED
Forest Road Acquisition Corp. II
FRXB
$4.01M 0.08%
399,500
– –
KVSC
94
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
$4M 0.08%
401,600
– –
DUET
95
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
$4M 0.08%
400,000
– –
CNTM
96
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$3.76M 0.07%
375,000
– –
SUAC
97
DELISTED
ShoulderUp Technology Acquisition Corp.
SUAC
$3.7M 0.07%
362,793
– –
ROSS
98
DELISTED
Ross Acquisition Corp II
ROSS
$3.66M 0.07%
361,650
– –
APXI
99
DELISTED
APx Acquisition Corp. I Class A Ordinary Share
APXI
$3.62M 0.07%
352,697
– –
AFAR
100
DELISTED
Aura FAT Projects Acquisition Corp Class A Ordinary Shares
AFAR
$3.59M 0.07%
350,000
– –
2 3
4
5 6

Similar funds

FIS
Fundsmith Investment Services Grande Riviere Noire, Mauritius $4.52B AUM 8.53% 1-Year Est. Return
Kovitz Investment Group Partners
Kovitz Investment Group Partners Chicago, Illinois $4.52B AUM 31.84% 1-Year Est. Return
MP
Munro Partners Melbourne, Australia $4.54B AUM 84.34% 1-Year Est. Return
U
Uber San Francisco, California $4.51B AUM 1.92% 1-Year Est. Return
CGI
Comgest Global Investors Paris, France $4.55B AUM 11.62% 1-Year Est. Return
DACG
Donor Advised Charitable Giving San Francisco, California $4.49B AUM 26.39% 1-Year Est. Return
5NCM
59 North Capital Management Houston, Texas $4.49B AUM 6.4% 1-Year Est. Return
WA
WestEnd Advisors Charlotte, North Carolina $4.49B AUM 19.44% 1-Year Est. Return

Jeffrey Smith's Q4 2022 Portfolio in Review

As of Q4 2022, Jeffrey Smith held 183 positions worth $5.22B, up 15% from $4.55B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Jeffrey Smith deployed $477M of net new capital in Q4 2022, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was Salesforce: 3,025,982 shares worth $401M.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 36% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was Commault Systems, an estimated $131M trimmed.

  • Jeffrey Smith's largest Q4 2022 buy was Salesforce: 3,025,982 shares worth $401M.
  • Jeffrey Smith added most to GoDaddy in Q4 2022, an estimated $148M increase.
  • Jeffrey Smith's biggest Q4 2022 reduction was Commault Systems, cutting an estimated $131M.
  • Jeffrey Smith fully exited Huntsman Corp in Q4 2022, selling an estimated $126M.
  • Jeffrey Smith's ten largest holdings make up 74% of its $5.22B portfolio in Q4 2022.
  • Jeffrey Smith opened 6 new positions and closed 35 in Q4 2022.
  • Jeffrey Smith's portfolio value rose 15% quarter-over-quarter to $5.22B.

Based on Starboard Value's 13F filing for Q4 2022, filed 14 Feb 2023.