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SV
Starboard Value Portfolio holdings
AUM
$4.52B
1-Year Est. Return
19.34%
This Fund
S&P 500
This Quarter
Est. Return
+10.19%
1 Year Est. Return
+19.34%
3 Year Est. Return
+55.97%
5 Year Est. Return
+85.4%
10 Year Est. Return
+430.11%
AUM
$4.81B
AUM Growth
+$395M
(+9%)
Cap. Flow
-$236M
Cap. Flow
% of AUM
-4.92%
Top 10 Holdings %
Top 10 Hldgs %
84.7%
Holding
33
New
3
Increased
3
Reduced
10
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Insperity
NSP
|
+$103M |
| 2 |
Brink's
BCO
|
+$53.3M |
| 3 |
SGI
Somnigroup International
SGI
|
+$37.4M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$29.2M |
| 5 |
ISSI
INTEGRATED SILICON SOLUTN INC
ISSI
|
+$6.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLS
Staples Inc
SPLS
|
+$93.7M |
| 2 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$47.5M |
| 3 |
Clean Harbors
CLH
|
+$46.6M |
| 4 |
Adeia
ADEA
|
+$44.5M |
| 5 |
YHOO
Yahoo Inc
YHOO
|
+$40.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 36.59% |
| 2 | Consumer Discretionary | 29.92% |
| 3 | Materials | 13.51% |
| 4 | Industrials | 8.47% |
| 5 | Energy | 6.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$76.9B
| $1.26B | 26.31% |
10,170,000
+3,400,000
| +50% | +$410M |
|
2
Darden Restaurants
DRI
$23.7B
| $807M | 16.78% |
13,015,997
| – | – |
|
|
MWV
3
DELISTED
MEADWESTVACO CORP
MWV
| $503M | 10.47% |
10,093,836
| – | – |
|
|
ODP
4
DELISTED
ODP
ODP
| $407M | 8.46% |
4,421,231
| – | – |
|
|
YHOO
5
DELISTED
Yahoo Inc
YHOO
| $303M | 6.31% |
6,824,420
-900,000
| -12% | -$40.7M |
|
|
SPLS
6
CALL
DELISTED
Staples Inc
SPLS
| $232M | 4.82% |
14,225,000
-2,300,000
| -14% | -$38.6M |
|
|
7
Insperity
NSP
$1.97B
| $174M | 3.63% |
6,671,952
+4,401,952
| +194% | +$103M |
|
|
SPLS
8
DELISTED
Staples Inc
SPLS
| $167M | 3.47% |
10,256,811
-5,579,763
| -35% | -$93.7M |
|
9
BWX Technologies
BWXT
$13.4B
| $108M | 2.25% |
4,718,250
-733,950
| -13% | -$15.4M |
|
|
10
Adeia
ADEA
$2.75B
| $105M | 2.18% |
9,828,000
-4,347,000
| -31% | -$44.5M |
|
|
MCRL
11
DELISTED
MICREL INC
MCRL
| $102M | 2.13% |
6,782,000
| – | – |
|
|
ODP
12
CALL
DELISTED
ODP
ODP
| $74.5M | 1.55% |
810,000
| – | – |
|
|
WPP
13
DELISTED
WAUSAU PAPER CORP.
WPP
| $71.5M | 1.49% |
7,500,000
| – | – |
|
14
LSB Industries
LXU
$822M
| $71.3M | 1.48% |
2,242,500
| – | – |
|
|
RLD
15
DELISTED
REALD INC COM STK
RLD
| $63.3M | 1.32% |
4,950,000
| – | – |
|
|
16
Brink's
BCO
$4.48B
| $57.3M | 1.19% |
+2,075,000
| New | +$53.3M |
|
|
ISSI
17
DELISTED
INTEGRATED SILICON SOLUTN INC
ISSI
| $49.6M | 1.03% |
2,774,150
+375,000
| +16% | +$6.3M |
|
18
Quantum Corp
QMCO
$917M
| $41.1M | 0.86% |
160,594
| – | – |
|
|
SGI
19
Somnigroup International
SGI
$13.8B
| $39M | 0.81% |
+2,700,000
| New | +$37.4M |
|
20
Curtiss-Wright
CW
$20.8B
| $36.2M | 0.75% |
490,000
-115,000
| -19% | -$8.04M |
|
|
BNY
21
Bank of New York Mellon
BNY
$105B
| $30.2M | 0.63% |
+750,000
| New | +$29.2M |
|
|
22
Clean Harbors
CLH
$16.8B
| $25.6M | 0.53% |
450,000
-900,000
| -67% | -$46.6M |
|
23
Alibaba
BABA
$272B
| $18.7M | 0.39% |
225,000
-175,000
| -44% | -$15.8M |
|
24
Great Elm Group
GEG
$65.1M
| $6.12M | 0.13% |
892,024
| – | – |
|
25
Titan International
TWI
$463M
| $5.15M | 0.11% |
550,000
| – | – |
|
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Starboard Value's Q1 2015 Portfolio in Review
As of Q1 2015, Starboard Value held 33 positions worth $4.81B, up 9% from $4.41B the previous quarter. Its ten largest holdings account for 85% of the portfolio.
Starboard Value withdrew a net $236M in Q1 2015, closing 5 positions and reducing 10 holdings. Its most notable exit was FAMILY DOLLAR STORES, an estimated $47.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 37% of assets, up from 31% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Starboard Value opened a new position in Brink's worth $57.3M.
- Starboard Value's largest Q1 2015 buy was Brink's: 2,075,000 shares worth $57.3M.
- Starboard Value added most to Insperity in Q1 2015, an estimated $103M increase.
- Starboard Value's biggest Q1 2015 reduction was Staples Inc, cutting an estimated $93.7M.
- Starboard Value fully exited FAMILY DOLLAR STORES in Q1 2015, selling an estimated $47.5M.
- Starboard Value's ten largest holdings make up 85% of its $4.81B portfolio in Q1 2015.
- Starboard Value opened 3 new positions and closed 5 in Q1 2015.
- Starboard Value's portfolio value rose 9% quarter-over-quarter to $4.81B.
Based on Starboard Value's 13F filing for Q1 2015, filed 15 May 2015.