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Starboard Value Portfolio holdings
AUM
$4.57B
1-Year Est. Return
4.97%
This Fund
S&P 500
This Quarter
Est. Return
+14.44%
1 Year Est. Return
+4.97%
3 Year Est. Return
+42.2%
5 Year Est. Return
+68.31%
10 Year Est. Return
+364.91%
AUM
$3.68B
AUM Growth
+$852M
(+30%)
Cap. Flow
+$483M
Cap. Flow
% of AUM
13.13%
Top 10 Holdings %
Top 10 Hldgs %
83.77%
Holding
31
New
8
Increased
3
Reduced
7
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$543M |
| 2 |
Marvell Technology
MRVL
|
+$156M |
| 3 |
Hewlett Packard
HPE
|
+$117M |
| 4 |
Stewart Information Services
STC
|
+$104M |
| 5 |
Macy's
M
|
+$23.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Darden Restaurants
DRI
|
+$246M |
| 2 |
WRK
WestRock Company
WRK
|
+$95.6M |
| 3 |
iShares Russell 2000 Value ETF
IWN
|
+$27.7M |
| 4 |
Delek US
DK
|
+$24.4M |
| 5 |
BLOX
Infoblox Inc
BLOX
|
+$22.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 21.76% |
| 2 | Consumer Discretionary | 18.82% |
| 3 | Technology | 18.18% |
| 4 | Energy | 14.41% |
| 5 | Industrials | 8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Perrigo
PRGO
$1.44B
| $544M | 14.8% |
+5,895,093
| New | +$543M |
|
|
YHOO
2
DELISTED
Yahoo Inc
YHOO
| $530M | 14.41% |
12,298,627
| – | – |
|
|
3
Marvell Technology
MRVL
$147B
| $447M | 12.17% |
33,720,786
+13,323,422
| +65% | +$156M |
|
4
PUT
iShares Russell 2000 ETF
IWM
$79.1B
| $436M | 11.86% |
3,500,000
-108,500
| -3% | -$13.2M |
|
5
Advance Auto Parts
AAP
$3.53B
| $421M | 11.45% |
2,825,000
+70,000
| +3% | +$11.2M |
|
6
Brink's
BCO
$5.01B
| $170M | 4.62% |
4,578,930
| – | – |
|
|
ASRT
7
DELISTED
Assertio
ASRT
| $150M | 4.08% |
100,250
| – | – |
|
|
WRK
8
DELISTED
WestRock Company
WRK
| $145M | 3.95% |
3,000,000
-2,141,258
| -42% | -$95.6M |
|
|
9
Hewlett Packard
HPE
$58.8B
| $125M | 3.39% |
+9,436,406
| New | +$117M |
|
|
10
Macy's
M
$6.51B
| $112M | 3.03% |
3,010,200
+650,000
| +28% | +$23.6M |
|
11
Insperity
NSP
$2.03B
| $109M | 2.95% |
2,992,126
| – | – |
|
|
12
Stewart Information Services
STC
$2.14B
| $103M | 2.8% |
+2,315,000
| New | +$104M |
|
13
Baxter International
BAX
$12.8B
| $89.3M | 2.43% |
1,875,000
-187,500
| -9% | -$8.84M |
|
|
BLOX
14
DELISTED
Infoblox Inc
BLOX
| $73.8M | 2.01% |
2,800,000
-1,050,000
| -27% | -$22.1M |
|
|
15
iShares Russell 2000 Value ETF
IWN
$14.3B
| $58.2M | 1.58% |
556,000
-270,000
| -33% | -$27.7M |
|
|
CAB
16
CALL
DELISTED
Cabela's Inc
CAB
| $27.5M | 0.75% |
+500,000
| New | +$25.6M |
|
|
PNK
17
DELISTED
Pinnacle Entertainment Inc.
PNK
| $18.8M | 0.51% |
1,524,700
-475,300
| -24% | -$5.44M |
|
|
CAB
18
DELISTED
Cabela's Inc
CAB
| $16.5M | 0.45% |
+300,000
| New | +$15.4M |
|
|
TPCO
19
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $16M | 0.43% |
+945,000
| New | +$14.9M |
|
20
Curtiss-Wright
CW
$25.1B
| $15.8M | 0.43% |
173,600
-150,000
| -46% | -$13.2M |
|
|
FRGI
21
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $14M | 0.38% |
+585,000
| New | +$14.1M |
|
22
Quantum Corp
QMCO
$411M
| $14M | 0.38% |
118,556
| – | – |
|
|
IMPV
23
DELISTED
Imperva, Inc.
IMPV
| $8.59M | 0.23% |
+160,000
| New | +$7.43M |
|
|
24
Delek US
DK
$3.98B
| – | – |
-1,850,000
| Closed | -$24.4M |
|
|
25
Darden Restaurants
DRI
$24.3B
| – | – |
-3,890,000
| Closed | -$246M |
|
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Starboard Value's Q3 2016 Portfolio in Review
As of Q3 2016, Starboard Value held 31 positions worth $3.68B, up 30% from $2.83B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Starboard Value deployed $483M of net new capital in Q3 2016, opening 8 new positions and adding to 3 existing holdings. Its largest new stake was Perrigo: 5,895,093 shares worth $544M.
By sector, the portfolio is most concentrated in Healthcare at 22% of assets, up from 7.5% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was WestRock Company, an estimated $95.6M trimmed.
- Starboard Value's largest Q3 2016 buy was Perrigo: 5,895,093 shares worth $544M.
- Starboard Value added most to Marvell Technology in Q3 2016, an estimated $156M increase.
- Starboard Value's biggest Q3 2016 reduction was WestRock Company, cutting an estimated $95.6M.
- Starboard Value fully exited Darden Restaurants in Q3 2016, selling an estimated $246M.
- Starboard Value's ten largest holdings make up 84% of its $3.68B portfolio in Q3 2016.
- Starboard Value opened 8 new positions and closed 7 in Q3 2016.
- Starboard Value's portfolio value rose 30% quarter-over-quarter to $3.68B.
Based on Starboard Value's 13F filing for Q3 2016, filed 14 Nov 2016.