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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
HAIAU
176
DELISTED
Healthcare AI Acquisition Corp. Unit
HAIAU
– –
-500,000
Closed -$5M
BCSAU
177
DELISTED
Blockchain Coinvestors Acquisition Corp. I Unit
BCSAU
– –
-96,200
Closed -$973K
CCTSU
178
DELISTED
Cactus Acquisition Corp. 1 Limited Unit
CCTSU
– –
-225,876
Closed -$2.28M
IFIN.U
179
DELISTED
InFinT Acquisition Corporation Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
IFIN.U
– –
-441,174
Closed -$4.42M
DHACU
180
DELISTED
Digital Health Acquisition Corp. Unit
DHACU
– –
-700,000
Closed -$7.17M
GMFIU
181
DELISTED
Aetherium Acquisition Corp Unit
GMFIU
– –
-450,000
Closed -$4.5M
LGVCU
182
DELISTED
LAMF Global Ventures Corp. I Unit
LGVCU
– –
-96,200
Closed -$966K
LIBYU
183
DELISTED
Liberty Resources Acquisition Corp. Unit
LIBYU
– –
-565,251
Closed -$5.81M
PORT.U
184
DELISTED
Southport Acquisition Corporation Units, each consisting of one share of Class A common stock, and one-half of one warrant
PORT.U
– –
-500,000
Closed -$5M
ENCPU
185
DELISTED
Energem Corp Unit
ENCPU
– –
-570,258
Closed -$5.79M
SZZLU
186
DELISTED
Sizzle Acquisition Corp. Unit
SZZLU
– –
-681,000
Closed -$6.92M
LGSTU
187
DELISTED
Semper Paratus Acquisition Corporation Unit
LGSTU
– –
-481,000
Closed -$4.84M
IOACU
188
DELISTED
Innovative International Acquisition Corp. Unit
IOACU
– –
-356,579
Closed -$3.59M
NETC.U
189
DELISTED
Nabors Energy Transition Corp. Units, each consisting of one share of Class A common stock and one-half of one warrant
NETC.U
– –
-240,500
Closed -$2.44M
BRD.U
190
DELISTED
Beard Energy Transition Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of one Warrant
BRD.U
– –
-120,250
Closed -$1.22M
SUAC.U
191
DELISTED
ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
SUAC.U
– –
-413,707
Closed -$4.18M
ALORU
192
DELISTED
ALSP Orchid Acquisition Corp I Unit
ALORU
– –
-366,189
Closed -$3.7M
OLITU
193
DELISTED
OmniLit Acquisition Corp. Units
OLITU
– –
-481,000
Closed -$4.83M
NFNT.U
194
DELISTED
Infinite Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
NFNT.U
– –
-192,400
Closed -$1.94M
BIOSU
195
DELISTED
BioPlus Acquisition Corp. Unit
BIOSU
– –
-700,000
Closed -$7M
VHNAU
196
DELISTED
Vahanna Tech Edge Acquisition I Corp. Units
VHNAU
– –
-580,103
Closed -$5.84M
ZINGU
197
DELISTED
FTAC Zeus Acquisition Corp. Unit
ZINGU
– –
-240,500
Closed -$2.4M
GGAAU
198
DELISTED
Genesis Growth Tech Acquisition Corp. Unit
GGAAU
– –
-500,000
Closed -$5.03M
CRECU
199
DELISTED
Crescera Capital Acquisition Corp Unit
CRECU
– –
-584,800
Closed -$5.87M
AHRNU
200
DELISTED
Ahren Acquisition Corp Unit
AHRNU
– –
-335,500
Closed -$3.36M
5 6 7
8
9

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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.