We are live on !
Find out more
Jeffrey Smith Starboard Value
AUM
$4.52B
Turnover
28.57%
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
+3.45%
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
$2.83B
AUM Growth
-$18.4M
(-0.65%)
Cap. Flow
-$110M
Cap. Flow % of AUM
Cap. Flow %
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
85.63%
Holding
24
New
6
Increased
4
Reduced
8
Closed
1
Avg Time Held
Equity + Options
1
year
Top 10 Avg Time Held
Equity + Options
1.1
years
Top 20 Avg Time Held
Equity + Options
0.9
years
Avg Time Held Equity only
1
year
Top 10 Avg Time Held Equity only
0.9
years
Top 20 Avg Time Held Equity only
1
year
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advance Auto Parts
AAP
|
+$162M |
| 2 |
Infoblox Inc
BLOX
|
+$66.7M |
| 3 |
Assertio
ASRT
|
+$55.8M |
| 4 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$38.6M |
| 5 |
iShares Russell 2000 Value ETF
IWN
|
+$34.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darden Restaurants
DRI
|
+$178M |
| 2 |
Insperity
NSP
|
+$119M |
| 3 |
Macy's
M
|
+$56M |
| 4 |
Four Corners Property Trust
FCPT
|
+$43.1M |
| 5 |
Curtiss-Wright
CW
|
+$29.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 35.14% |
| 2 | Miscellaneous | 20.34% |
| 3 | Energy | 17.21% |
| 4 | Technology | 9.72% |
| 5 | Industrials | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
YHOO
1
DELISTED
Yahoo Inc
YHOO
| $462M | 16.34% |
12,298,627
| – | – |
2014 Q3
7 quarters
|
|
|
2
Advance Auto Parts
AAP
$2.82B
| $445M | 15.76% |
2,755,000
+1,047,624
| +61% | +$162M |
2015 Q3
3 quarters
|
|
3
PUT
iShares Russell 2000 ETF
IWM
$79.4B
| $415M | 14.68% |
3,608,500
-318,300
| -8% | -$35.9M |
2013 Q4
10 quarters
|
|
|
4
Darden Restaurants
DRI
$24.6B
| $246M | 8.72% |
3,890,000
-2,725,000
| -41% | -$178M |
2013 Q4
10 quarters
|
|
5
DELISTED
WestRock Company
WRK
| $200M | 7.07% |
5,141,258
+73,168
| +1% | +$2.74M |
2015 Q3
3 quarters
|
|
6
Marvell Technology
MRVL
$201B
| $194M | 6.88% |
20,397,364
| – | – |
2016 Q1
1 quarter
|
|
7
Brink's
BCO
$4.58B
| $130M | 4.62% |
4,578,930
| – | – |
2015 Q1
5 quarters
|
|
|
8
DELISTED
Assertio
ASRT
| $118M | 4.18% |
100,250
+51,083
| +104% | +$55.8M |
2016 Q1
1 quarter
|
|
|
9
Insperity
NSP
$2.04B
| $116M | 4.09% |
2,992,126
-3,679,826
| -55% | -$119M |
2014 Q4
6 quarters
|
|
10
Baxter International
BAX
$13.3B
| $93.3M | 3.3% |
2,062,500
-512,315
| -20% | -$22.5M |
2015 Q3
3 quarters
|
|
|
11
iShares Russell 2000 Value ETF
IWN
$13.9B
| $80.4M | 2.84% |
826,000
+362,000
| +78% | +$34.5M |
2016 Q1
1 quarter
|
|
|
12
Macy's
M
$6.31B
| $79.3M | 2.81% |
2,360,200
-1,564,744
| -40% | -$56M |
2015 Q2
4 quarters
|
|
|
13
DELISTED
Infoblox Inc
BLOX
| $72.2M | 2.56% |
+3,850,000
| New | +$66.7M |
2016 Q2
0 quarters
|
|
|
MDVN
14
CALL
DELISTED
MEDIVATION, INC.
MDVN
| $31.4M | 1.11% |
+520,000
| New | +$29.5M |
2016 Q2
0 quarters
|
|
|
15
Curtiss-Wright
CW
$17.5B
| $27.3M | 0.96% |
323,600
-365,000
| -53% | -$29.4M |
2013 Q3
11 quarters
|
|
16
Delek US
DK
$4.64B
| $24.4M | 0.86% |
+1,850,000
| New | +$26.3M |
2016 Q2
0 quarters
|
|
|
PNK
17
DELISTED
Pinnacle Entertainment Inc.
PNK
| $22.2M | 0.78% |
+2,000,000
| New | +$38.6M |
2016 Q2
0 quarters
|
|
|
MDVN
18
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $18.1M | 0.64% |
+300,000
| New | +$17M |
2016 Q2
0 quarters
|
|
19
Nexstar Media Group
NXST
$5.2B
| $9.04M | 0.32% |
190,000
-144,000
| -43% | -$7.19M |
2016 Q1
1 quarter
|
|
20
Quantum Corp
QMCO
$669M
| $7.97M | 0.28% |
118,556
| – | – |
2013 Q2
12 quarters
|
|
|
MKTO
21
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $4.35M | 0.15% |
+125,000
| New | +$3.46M |
2016 Q2
0 quarters
|
|
|
22
Four Corners Property Trust
FCPT
$2.42B
| $3.83M | 0.14% |
185,814
-2,275,000
| -92% | -$43.1M |
2015 Q4
2 quarters
|
|
23
Aecom
ACM
$7.83B
| – | – |
-600,000
| Closed | -$18.5M | – |
|
Similar funds
Jeffrey Smith's Q2 2016 Portfolio in Review
As of Q2 2016, Jeffrey Smith held 24 positions worth $2.83B, down 0.65% from $2.84B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Jeffrey Smith withdrew a net $110M in Q2 2016, closing 1 position and reducing 8 holdings. Its most notable exit was Aecom, an estimated $18.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, down from 37% a quarter earlier, followed by Miscellaneous and Energy.
Against the trend, Jeffrey Smith opened a new position in Infoblox Inc worth $72.2M.
- Jeffrey Smith's largest Q2 2016 buy was Infoblox Inc: 3,850,000 shares worth $72.2M.
- Jeffrey Smith added most to Advance Auto Parts in Q2 2016, an estimated $162M increase.
- Jeffrey Smith's biggest Q2 2016 reduction was Darden Restaurants, cutting an estimated $178M.
- Jeffrey Smith fully exited Aecom in Q2 2016, selling an estimated $18.5M.
- Jeffrey Smith's ten largest holdings make up 86% of its $2.83B portfolio in Q2 2016.
- Jeffrey Smith opened 6 new positions and closed 1 in Q2 2016.
- Jeffrey Smith's portfolio value fell 0.65% quarter-over-quarter to $2.83B.
Based on Starboard Value's 13F filing for Q2 2016, filed 15 Aug 2016.