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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
FLFVU
126
DELISTED
Feutune Light Acquisition Corporation Unit
FLFVU
$2.99M 0.07%
300,000
– –
ACAC
127
DELISTED
Acri Capital Acquisition Corp
ACAC
$2.99M 0.07%
+300,000
New +$3M
AHRN
128
DELISTED
Ahren Acquisition Corp
AHRN
$2.97M 0.07%
295,825
– –
TLSI icon
129
TriSalus Life Sciences
TLSI
$324M
$2.96M 0.07%
298,368
– –
AIMBU
130
DELISTED
Aimfinity Investment Corp I Subunit
AIMBU
$2.96M 0.07%
300,000
– –
ONMD icon
131
OneMedNet
ONMD
$35.6M
$2.96M 0.07%
285,747
– –
APN
132
DELISTED
Apeiron Capital Investment Corp
APN
$2.95M 0.06%
294,444
– –
FVT
133
DELISTED
Fortress Value Acquisition Corp. III
FVT
$2.82M 0.06%
285,134
– –
CTAQ
134
DELISTED
Carney Technology Acquisition Corp. II Class A Common Stock
CTAQ
$2.74M 0.06%
275,000
– –
SANB
135
DELISTED
Sanaby Health Acquisition Corp. I Class A Common Stock
SANB
$2.55M 0.06%
251,700
– –
PGSS
136
DELISTED
Pegasus Digital Mobility Acquisition Corp.
PGSS
$2.52M 0.06%
251,700
– –
ASCA
137
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
$2.5M 0.06%
250,000
– –
HERA
138
DELISTED
FTAC Hera Acquisition Corp. Class A Ordinary Shares
HERA
$2.48M 0.05%
250,000
– –
BMAC
139
DELISTED
Black Mountain Acquisition Corp.
BMAC
$2.33M 0.05%
231,829
– –
CCTS
140
DELISTED
Cactus Acquisition Corp. 1 Limited Class A Ordinary Share
CCTS
$2.27M 0.05%
225,876
– –
LION
141
DELISTED
Lionheart III Corp Class A Common Stock
LION
$2.22M 0.05%
220,436
– –
CFFS
142
DELISTED
CF Acquisition Corp. VII Class A Common Stock
CFFS
$2.2M 0.05%
220,436
– –
HTAQ
143
DELISTED
Hunt Companies Acquisition Corp. I
HTAQ
$2.13M 0.05%
210,250
– –
GVCI
144
DELISTED
Green Visor Financial Technology Acquisition Corp. I Class A Ordinary Shares
GVCI
$2.13M 0.05%
210,250
– –
JMAC
145
DELISTED
Maxpro Capital Acquisition Corp. Class A Common Stock
JMAC
$2.12M 0.05%
210,028
– –
MBSC
146
DELISTED
M3-Brigade Acquisition III Corp.
MBSC
$2.11M 0.05%
209,750
– –
NETC
147
DELISTED
Nabors Energy Transition Corp.
NETC
$2.11M 0.05%
210,250
– –
ZING
148
DELISTED
FTAC Zeus Acquisition Corp. Class A Common Stock
ZING
$2.11M 0.05%
210,250
– –
GCTS
149
GCT Semiconductor Holding
GCTS
$188M
$2.11M 0.05%
210,250
– –
LGVC
150
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
$2.09M 0.05%
207,548
– –
4 5
6
7 8

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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.