Starboard Value’s Delek US DK Stock Holding History

Starboard Value’s Portfolio DK Stock Details DK Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q3	–	Sell	-1,850,000	Closed	-$24.4M	–	25
2016 Q2	$24.4M	Buy	+1,850,000	New	+$26.3M	0.86%	17

Other funds holding DK

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

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

Point72 Asset Management Stamford, Connecticut $78.1B AUM 55.25% 1-Year Est. Return

Millennium Management New York $240B AUM 35.51% 1-Year Est. Return

DRZID

DePrince Race & Zollo Inc (DRZ) Winter Park, Florida $5.29B AUM 20.14% 1-Year Est. Return

D.E. Shaw & Co New York $166B AUM 43.98% 1-Year Est. Return

PIM

Perkins Investment Management Chicago, Illinois $8.09B AUM 25.47% 1-Year Est. Return

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

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Starboard Value's DK Position: Q3 2016 in Review

Starboard Value sold out of Delek US (DK) in Q3 2016, closing a stake of 1,850,000 shares — an estimated $24.4M sold.

Starboard Value first reported a position in DK in Q2 2016 and held it in 1 quarter. The position peaked at $24.4M in Q2 2016. 150 funds tracked by Wall St. Rank hold DK as of Q3 2016.

Starboard Value reported no remaining Delek US position as of Q3 2016 after selling out during the quarter.
Starboard Value sold 1,850,000 Delek US shares in Q3 2016, an estimated $24.4M.
Starboard Value first reported a position in Delek US in Q2 2016 and held it in 1 quarter.
Starboard Value's Delek US position peaked at $24.4M in Q2 2016.
150 funds tracked by Wall St. Rank held Delek US as of Q3 2016.

Based on Starboard Value's 13F filing for Q3 2016, filed 14 Nov 2016.