Starboard Value’s Insperity NSP Stock Holding History

Starboard Value’s Portfolio NSP Stock Details NSP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q3	–	Sell	-170,592	Closed	-$6.06M	–	25
2017 Q2	$6.06M	Sell	170,592 -1,149,408	-87%	-$46.5M	0.18%	21
2017 Q1	$58.5M	Sell	1,320,000 -200,000	-13%	-$7.95M	1.79%	13
2016 Q4	$53.9M	Sell	1,520,000 -1,472,126	-49%	-$53.1M	1.59%	14
2016 Q3	$109M	Hold	2,992,126	–	–	2.95%	11
2016 Q2	$116M	Sell	2,992,126 -3,679,826	-55%	-$119M	4.09%	9
2016 Q1	$173M	Hold	6,671,952	–	–	6.07%	8
2015 Q4	$161M	Hold	6,671,952	–	–	4.33%	7
2015 Q3	$147M	Hold	6,671,952	–	–	3.27%	8
2015 Q2	$170M	Hold	6,671,952	–	–	3.83%	6
2015 Q1	$174M	Buy	6,671,952 +4,401,952	+194%	+$103M	3.63%	7
2014 Q4	$38.5M	Buy	+2,270,000	New	+$35.8M	0.87%	22

Other funds holding NSP

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

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

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

VNIM

Vaughan Nelson Investment Management Houston, Texas $11.3B AUM 53% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $173B AUM 20.72% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

RCAMU

Rothschild & Co Asset Management US Stamford, Connecticut $6.58B AUM 4.5% 1-Year Est. Return

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

Prudential Financial Newark, New Jersey $81.2B AUM 27.81% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Starboard Value's NSP Position: Q3 2017 in Review

Starboard Value sold out of Insperity (NSP) in Q3 2017, closing a stake of 170,592 shares — an estimated $6.06M sold.

Starboard Value first reported a position in NSP in Q4 2014 and held it in 11 quarters. The position peaked at $174M in Q1 2015. 218 funds tracked by Wall St. Rank hold NSP as of Q3 2017.

Starboard Value reported no remaining Insperity position as of Q3 2017 after selling out during the quarter.
Starboard Value sold 170,592 Insperity shares in Q3 2017, an estimated $6.06M.
Starboard Value first reported a position in Insperity in Q4 2014 and held it in 11 quarters.
Starboard Value's Insperity position peaked at $174M in Q1 2015.
218 funds tracked by Wall St. Rank held Insperity as of Q3 2017.

Based on Starboard Value's 13F filing for Q3 2017, filed 13 Nov 2017.