Starboard Value’s iShares Russell 2000 ETF IWM Stock Holding History

Starboard Value’s Portfolio IWM Stock Details IWM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$2.7M	Buy	+683,100	New	+$176M	0.06%	24
2024 Q1	–	Sell	-4,900,000	Closed	-$11M	–	25
2023 Q4	$11M	Buy	+4,900,000	New	+$878M	0.23%	23
2023 Q2	–	Sell	-650,000	Closed	-$413K	–	51
2023 Q1	$413K	Buy	+650,000	New	+$120M	0.01%	106
2022 Q1	–	Sell	-1,350,000	Closed	-$2.5M	–	172
2021 Q4	$2.5M	Sell	1,350,000 -975,000	-42%	-$220M	0.03%	101
2021 Q3	$4.87M	Buy	2,325,000 +325,000	+16%	+$72M	0.09%	33
2021 Q2	$1.84M	Buy	2,000,000 +1,400,000	+233%	+$315M	0.04%	52
2021 Q1	$654K	Buy	+600,000	New	+$131M	0.01%	38
2020 Q4	–	Sell	-1,005,000	Closed	-$2.29M	–	19
2020 Q3	$2.29M	Buy	+1,005,000	New	+$151M	0.07%	19
2020 Q2	–	Sell	-3,500,000	Closed	-$5.17M	–	22
2020 Q1	$5.17M	Buy	3,500,000 +1,100,000	+46%	+$164M	0.21%	17
2019 Q4	$6.42M	Buy	2,400,000 +1,490,000	+164%	+$235M	0.19%	15
2019 Q3	$4.91M	Sell	910,000 -1,280,000	-58%	-$195M	0.16%	14
2019 Q2	$2.4M	Buy	2,190,000 +340,000	+18%	+$52.4M	0.07%	17
2019 Q1	$1.69M	Buy	1,850,000 +1,400,000	+311%	+$210M	0.04%	19
2018 Q4	$1.85M	Sell	450,000 -450,000	-50%	-$67.1M	0.06%	16
2018 Q3	$1.69M	Sell	900,000 -660,000	-42%	-$111M	0.04%	16
2018 Q2	$870K	Sell	1,560,000 -2,389,400	-61%	-$382M	0.02%	17
2018 Q1	$13.2M	Buy	3,949,400 +986,900	+33%	+$152M	0.29%	16
2017 Q4	$6.74M	Buy	2,962,500 +1,062,500	+56%	+$160M	0.16%	19
2017 Q3	$1.27M	Sell	1,900,000 -1,414,500	-43%	-$199M	0.03%	24
2017 Q2	$7.11M	Sell	3,314,500 -1,150,000	-26%	-$159M	0.21%	20
2017 Q1	$7.54M	Sell	4,464,500 -2,020,000	-31%	-$276M	0.23%	20
2016 Q4	$16.8M	Buy	6,484,500 +2,984,500	+85%	+$381M	0.49%	19
2016 Q3	$436M	Sell	3,500,000 -108,500	-3%	-$13.2M	11.86%	4
2016 Q2	$415M	Sell	3,608,500 -318,300	-8%	-$35.9M	14.68%	3
2016 Q1	$434M	Sell	3,926,800 -5,773,200	-60%	-$598M	15.27%	3
2015 Q4	$1.09B	Sell	9,700,000 -3,200,000	-25%	-$369M	29.45%	1
2015 Q3	$1.41B	Buy	12,900,000 +4,300,000	+50%	+$510M	31.45%	1
2015 Q2	$1.07B	Sell	8,600,000 -1,570,000	-15%	-$196M	24.22%	1
2015 Q1	$1.26B	Buy	10,170,000 +3,400,000	+50%	+$410M	26.31%	1
2014 Q4	$810M	Buy	6,770,000 +2,976,200	+78%	+$340M	18.36%	1
2014 Q3	$415M	Hold	3,793,800	–	–	14.4%	2
2014 Q2	$451M	Buy	3,793,800 +1,153,800	+44%	+$131M	17.67%	1
2014 Q1	$307M	Hold	2,640,000	–	–	16.8%	2
2013 Q4	$305M	Buy	+2,640,000	New	+$292M	15.09%	2

Other funds holding IWM

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

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

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Empower Advisory Group Greenwood Village, Colorado $38.5B AUM 18.4% 1-Year Est. Return

Citigroup New York $235B AUM 32.99% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $206B AUM 31.61% 1-Year Est. Return

Starboard Value's IWM Position: Q1 2026 in Review

Starboard Value sold out of iShares Russell 2000 ETF (IWM) in Q1 2026, closing a stake of 137,000 shares — an estimated $35.3M sold.

Starboard Value first reported a position in IWM in Q2 2013 and held it in 20 quarters. The position peaked at $328M in Q3 2021. 2,568 funds tracked by Wall St. Rank hold IWM as of Q1 2026.

Starboard Value reported no remaining iShares Russell 2000 ETF position as of Q1 2026 after selling out during the quarter.
Starboard Value sold 137,000 iShares Russell 2000 ETF shares in Q1 2026, an estimated $35.3M.
Starboard Value first reported a position in iShares Russell 2000 ETF in Q2 2013 and held it in 20 quarters.
Starboard Value's iShares Russell 2000 ETF position peaked at $328M in Q3 2021.
2,568 funds tracked by Wall St. Rank held iShares Russell 2000 ETF as of Q1 2026.

Based on Starboard Value's 13F filing for Q1 2026, filed 15 May 2026.