Jeffrey Smith Starboard Value
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Becton Dickinson
BDX
|
+$160M |
| 2 |
TripAdvisor
TRIP
|
+$114M |
| 3 |
Salesforce
CRM
|
+$108M |
| 4 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$99M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$68.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Autodesk
ADSK
|
+$151M |
| 2 |
Gen Digital
GEN
|
+$114M |
| 3 |
Riot Platforms
RIOT
|
+$68.2M |
| 4 |
News Corp Class B
NWS
|
+$30.2M |
| 5 |
Qorvo
QRVO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 37.74% |
| 2 | Communication Services | 15.78% |
| 3 | Healthcare | 11.62% |
| 4 | Consumer Staples | 7.59% |
| 5 | Utilities | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Qorvo
QRVO
$8.43B
| $668M | 11.59% |
7,872,867
-397,133
| -5% | -$28.7M |
|
2
Match Group
MTCH
$9.38B
| $473M | 8.2% |
15,311,916
+1,226,015
| +9% | +$36.7M |
|
|
3
Autodesk
ADSK
$53.6B
| $454M | 7.87% |
1,467,348
-532,652
| -27% | -$151M |
|
|
4
Becton Dickinson
BDX
$52.3B
| $451M | 7.82% |
2,619,490
+870,490
| +50% | +$160M |
|
5
Kenvue
KVUE
$36.6B
| $438M | 7.59% |
20,929,938
-1,124,062
| -5% | -$25.6M |
|
|
6
Gen Digital
GEN
$17.3B
| $392M | 6.79% |
13,330,505
-4,186,099
| -24% | -$114M |
|
7
Algonquin Power & Utilities
AQN
$4.39B
| $364M | 6.31% |
63,489,420
-2,943,580
| -4% | -$16.1M |
|
|
8
Salesforce
CRM
$171B
| $341M | 5.92% |
1,252,247
+402,568
| +47% | +$108M |
|
|
9
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $326M | 5.64% |
5,250,656
+1,685,781
| +47% | +$99M |
|
10
Healthcare Realty
HR
$6.65B
| $306M | 5.3% |
19,290,672
-781,328
| -4% | -$11.9M |
|
11
Alight
ALIT
$379M
| $260M | 4.5% |
2,293,295
-102,905
| -4% | -$11M |
|
|
12
News Corp Class B
NWS
$18.7B
| $235M | 4.08% |
6,862,525
-952,306
| -12% | -$30.2M |
|
13
Acacia Research
ACTG
$440M
| $219M | 3.79% |
61,123,595
| – | – |
|
14
Pfizer
PFE
$160B
| $207M | 3.59% |
8,542,149
+811,149
| +10% | +$18.9M |
|
15
News Corp Class A
NWSA
$16.4B
| $202M | 3.5% |
6,798,936
-402,457
| -6% | -$11.1M |
|
|
16
TripAdvisor
TRIP
$1.17B
| $111M | 1.92% |
+8,499,054
| New | +$114M |
|
|
17
iShares Russell 2000 ETF
IWM
$81.9B
| $73.4M | 1.27% |
+340,000
| New | +$68.4M |
|
18
Bloomin' Brands
BLMN
$996M
| $68.7M | 1.19% |
7,980,992
-460,008
| -5% | -$3.69M |
|
19
Rogers Corp
ROG
$2.26B
| $61.6M | 1.07% |
899,502
+95,502
| +12% | +$6.16M |
|
|
20
Riot Platforms
RIOT
$7.44B
| $52.8M | 0.92% |
4,676,900
-8,023,100
| -63% | -$68.2M |
|
21
RB Global
RBA
$16.1B
| $26.7M | 0.46% |
251,163
| – | – |
|
22
Green Dot
GDOT
$766M
| $18.7M | 0.32% |
1,733,298
-2,871,083
| -62% | -$25.9M |
|
23
Fortrea Holdings
FTRE
$1.75B
| $12.3M | 0.21% |
2,495,558
-2,772,442
| -53% | -$14.9M |
|
|
24
PUT
Riot Platforms
RIOT
$7.44B
| $101K | ﹤0.01% |
+187,600
| New | +$1.59M |
|
Similar funds
Jeffrey Smith's Q2 2025 Portfolio in Review
As of Q2 2025, Jeffrey Smith held 25 positions worth $5.77B, up 4.9% from $5.5B the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Jeffrey Smith's Q2 2025 filing shows 4 new, 6 increased and 13 reduced positions. Its largest new stake was TripAdvisor: 8,499,054 shares worth $111M. The largest sale was Autodesk, an estimated $151M.
By sector, the portfolio is most concentrated in Technology at 38% of assets, down from 39% a quarter earlier, followed by Communication Services and Healthcare.
- Jeffrey Smith's largest Q2 2025 buy was TripAdvisor: 8,499,054 shares worth $111M.
- Jeffrey Smith added most to Becton Dickinson in Q2 2025, an estimated $160M increase.
- Jeffrey Smith's biggest Q2 2025 reduction was Autodesk, cutting an estimated $151M.
- Jeffrey Smith's ten largest holdings make up 73% of its $5.77B portfolio in Q2 2025.
- Jeffrey Smith opened 4 new positions and closed 0 in Q2 2025.
- Jeffrey Smith's portfolio value rose 4.9% quarter-over-quarter to $5.77B.
Based on Starboard Value's 13F filing for Q2 2025, filed 14 Aug 2025.