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Starboard Value Portfolio holdings
AUM
$4.52B
1-Year Est. Return
19.34%
This Fund
S&P 500
This Quarter
Est. Return
+3.45%
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
$2.83B
AUM Growth
-$18.4M
(-0.65%)
Cap. Flow
-$110M
Cap. Flow
% of AUM
-3.89%
Top 10 Holdings %
Top 10 Hldgs %
85.63%
Holding
24
New
6
Increased
4
Reduced
8
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advance Auto Parts
AAP
|
+$162M |
| 2 |
BLOX
Infoblox Inc
BLOX
|
+$66.7M |
| 3 |
ASRT
Assertio
ASRT
|
+$55.8M |
| 4 |
PNK
Pinnacle Entertainment Inc.
PNK
|
+$38.6M |
| 5 |
iShares Russell 2000 Value ETF
IWN
|
+$34.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darden Restaurants
DRI
|
+$178M |
| 2 |
Insperity
NSP
|
+$119M |
| 3 |
Macy's
M
|
+$56M |
| 4 |
Four Corners Property Trust
FCPT
|
+$43.1M |
| 5 |
Curtiss-Wright
CW
|
+$29.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 35.14% |
| 2 | Miscellaneous | 20.34% |
| 3 | Energy | 17.21% |
| 4 | Technology | 9.72% |
| 5 | Industrials | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
YHOO
1
DELISTED
Yahoo Inc
YHOO
| $462M | 16.34% |
12,298,627
| – | – |
|
|
2
Advance Auto Parts
AAP
$2.62B
| $445M | 15.76% |
2,755,000
+1,047,624
| +61% | +$162M |
|
3
PUT
iShares Russell 2000 ETF
IWM
$76.9B
| $415M | 14.68% |
3,608,500
-318,300
| -8% | -$35.9M |
|
|
4
Darden Restaurants
DRI
$23.7B
| $246M | 8.72% |
3,890,000
-2,725,000
| -41% | -$178M |
|
|
WRK
5
DELISTED
WestRock Company
WRK
| $200M | 7.07% |
5,141,258
+73,168
| +1% | +$2.74M |
|
6
Marvell Technology
MRVL
$199B
| $194M | 6.88% |
20,397,364
| – | – |
|
7
Brink's
BCO
$4.48B
| $130M | 4.62% |
4,578,930
| – | – |
|
|
ASRT
8
DELISTED
Assertio
ASRT
| $118M | 4.18% |
100,250
+51,083
| +104% | +$55.8M |
|
|
9
Insperity
NSP
$1.97B
| $116M | 4.09% |
2,992,126
-3,679,826
| -55% | -$119M |
|
10
Baxter International
BAX
$12.3B
| $93.3M | 3.3% |
2,062,500
-512,315
| -20% | -$22.5M |
|
|
11
iShares Russell 2000 Value ETF
IWN
$14.2B
| $80.4M | 2.84% |
826,000
+362,000
| +78% | +$34.5M |
|
|
12
Macy's
M
$5.77B
| $79.3M | 2.81% |
2,360,200
-1,564,744
| -40% | -$56M |
|
|
BLOX
13
DELISTED
Infoblox Inc
BLOX
| $72.2M | 2.56% |
+3,850,000
| New | +$66.7M |
|
|
MDVN
14
CALL
DELISTED
MEDIVATION, INC.
MDVN
| $31.4M | 1.11% |
+520,000
| New | +$29.5M |
|
|
15
Curtiss-Wright
CW
$20.8B
| $27.3M | 0.96% |
323,600
-365,000
| -53% | -$29.4M |
|
16
Delek US
DK
$4.78B
| $24.4M | 0.86% |
+1,850,000
| New | +$26.3M |
|
|
PNK
17
DELISTED
Pinnacle Entertainment Inc.
PNK
| $22.2M | 0.78% |
+2,000,000
| New | +$38.6M |
|
|
MDVN
18
PUT
DELISTED
MEDIVATION, INC.
MDVN
| $18.1M | 0.64% |
+300,000
| New | +$17M |
|
19
Nexstar Media Group
NXST
$5.2B
| $9.04M | 0.32% |
190,000
-144,000
| -43% | -$7.19M |
|
20
Quantum Corp
QMCO
$917M
| $7.97M | 0.28% |
118,556
| – | – |
|
|
MKTO
21
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $4.35M | 0.15% |
+125,000
| New | +$3.46M |
|
|
22
Four Corners Property Trust
FCPT
$2.58B
| $3.83M | 0.14% |
185,814
-2,275,000
| -92% | -$43.1M |
|
23
Aecom
ACM
$8.26B
| – | – |
-600,000
| Closed | -$18.5M |
|
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Starboard Value's Q2 2016 Portfolio in Review
As of Q2 2016, Starboard Value held 24 positions worth $2.83B, down 0.65% from $2.84B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
Starboard Value withdrew a net $110M in Q2 2016, closing 1 position and reducing 8 holdings. Its most notable exit was Aecom, an estimated $18.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 35% of assets, down from 37% a quarter earlier, followed by Miscellaneous and Energy.
Against the trend, Starboard Value opened a new position in Infoblox Inc worth $72.2M.
- Starboard Value's largest Q2 2016 buy was Infoblox Inc: 3,850,000 shares worth $72.2M.
- Starboard Value added most to Advance Auto Parts in Q2 2016, an estimated $162M increase.
- Starboard Value's biggest Q2 2016 reduction was Darden Restaurants, cutting an estimated $178M.
- Starboard Value fully exited Aecom in Q2 2016, selling an estimated $18.5M.
- Starboard Value's ten largest holdings make up 86% of its $2.83B portfolio in Q2 2016.
- Starboard Value opened 6 new positions and closed 1 in Q2 2016.
- Starboard Value's portfolio value fell 0.65% quarter-over-quarter to $2.83B.
Based on Starboard Value's 13F filing for Q2 2016, filed 15 Aug 2016.