Starboard Value’s Advance Auto Parts AAP Stock Holding History

Starboard Value’s Portfolio AAP Stock Details AAP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2021 Q1	–	Sell	-290,542	Closed	-$45.8M	–	39
2020 Q4	$45.8M	Sell	290,542 -1,306,379	-82%	-$201M	1.16%	15
2020 Q3	$245M	Sell	1,596,921 -976,476	-38%	-$147M	7.27%	5
2020 Q2	$367M	Hold	2,573,397	–	–	13.06%	2
2020 Q1	$240M	Hold	2,573,397	–	–	9.74%	2
2019 Q4	$412M	Hold	2,573,397	–	–	11.93%	3
2019 Q3	$426M	Sell	2,573,397 -601,603	-19%	-$90.4M	14.2%	2
2019 Q2	$489M	Hold	3,175,000	–	–	14.89%	2
2019 Q1	$541M	Hold	3,175,000	–	–	13.23%	2
2018 Q4	$500M	Hold	3,175,000	–	–	15.44%	2
2018 Q3	$534M	Hold	3,175,000	–	–	13.71%	3
2018 Q2	$431M	Hold	3,175,000	–	–	10.89%	4
2018 Q1	$376M	Hold	3,175,000	–	–	8.26%	6
2017 Q4	$317M	Hold	3,175,000	–	–	7.74%	5
2017 Q3	$315M	Hold	3,175,000	–	–	8.5%	4
2017 Q2	$370M	Buy	3,175,000 +350,000	+12%	+$48.1M	10.79%	4
2017 Q1	$419M	Hold	2,825,000	–	–	12.83%	4
2016 Q4	$478M	Hold	2,825,000	–	–	14.08%	2
2016 Q3	$421M	Buy	2,825,000 +70,000	+3%	+$11.2M	11.45%	5
2016 Q2	$445M	Buy	2,755,000 +1,047,624	+61%	+$162M	15.76%	2
2016 Q1	$274M	Hold	1,707,376	–	–	9.62%	4
2015 Q4	$257M	Hold	1,707,376	–	–	6.93%	3
2015 Q3	$324M	Buy	+1,707,376	New	+$296M	7.23%	3

Other funds holding AAP

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

ClearBridge Investments New York $115B AUM 24.78% 1-Year Est. Return

Barrow, Hanley, Mewhinney & Strauss Dallas, Texas $30.5B AUM 29.95% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Artisan Partners Milwaukee, Wisconsin $62.3B AUM 26.25% 1-Year Est. Return

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

CIP

Champlain Investment Partners Burlington, Vermont $7.88B AUM 6.82% 1-Year Est. Return

Caisse de Depot et Placement du Quebec (CDPQ) Montreal, Quebec, Canada $62.4B AUM 23.7% 1-Year Est. Return

MCM

Melvin Capital Management New York $9.86B AUM 16.31% 1-Year Est. Return

Starboard Value's AAP Position: Q1 2021 in Review

Starboard Value sold out of Advance Auto Parts (AAP) in Q1 2021, closing a stake of 290,542 shares — an estimated $45.8M sold.

Starboard Value first reported a position in AAP in Q3 2015 and held it in 22 quarters. The position peaked at $541M in Q1 2019. 542 funds tracked by Wall St. Rank hold AAP as of Q1 2021.

Starboard Value reported no remaining Advance Auto Parts position as of Q1 2021 after selling out during the quarter.
Starboard Value sold 290,542 Advance Auto Parts shares in Q1 2021, an estimated $45.8M.
Starboard Value first reported a position in Advance Auto Parts in Q3 2015 and held it in 22 quarters.
Starboard Value's Advance Auto Parts position peaked at $541M in Q1 2019.
542 funds tracked by Wall St. Rank held Advance Auto Parts as of Q1 2021.

Based on Starboard Value's 13F filing for Q1 2021, filed 14 May 2021.