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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
-10.47%
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
$3.24B
AUM Growth
-$661M
Cap. Flow
-$168M
Cap. Flow %
-5.2%
Top 10 Hldgs %
94.19%
Holding
19
New
3
Increased
5
Reduced
4
Closed
3

Top Buys

Rank Stock Value
1
DLTR icon
Dollar Tree
DLTR
+$219M
2
MGLN
Magellan Health Services, Inc.
MGLN
+$131M
3
BAX icon
Baxter International
BAX
+$45.5M
4
MRVL icon
Marvell Technology
MRVL
+$26.4M
5
IWN icon
iShares Russell 2000 Value ETF
IWN
+$24.1M

Top Sells

Rank Stock Value
1
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$383M
2
WEB
Web.com Group, Inc.
WEB
+$118M
3
BMS
Bemis
BMS
+$65.6M
4
NWL icon
Newell Brands
NWL
+$16M
5
MLNX
Mellanox Technologies, Ltd.
MLNX
+$10.3M

Sector Composition

Rank Sector Weight
1 Technology 48.57%
2 Healthcare 18.6%
3 Consumer Discretionary 16.58%
4 Consumer Staples 7.24%
5 Communication Services 4.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MRVL icon
1
Marvell Technology
MRVL
$147B
$581M 17.94%
35,881,003
+1,591,006
+5% +$26.4M
AAP icon
2
Advance Auto Parts
AAP
$3.5B
$500M 15.44%
3,175,000
– –
GEN icon
3
Gen Digital
GEN
$16.7B
$463M 14.3%
24,501,796
– –
MLNX
4
DELISTED
Mellanox Technologies, Ltd.
MLNX
$399M 12.33%
4,321,402
-121,276
-3% -$10.3M
PRGO icon
5
Perrigo
PRGO
$1.45B
$389M 12.02%
10,041,425
– –
DLTR icon
6
Dollar Tree
DLTR
$24.7B
$235M 7.24%
+2,596,705
New +$219M
CARS icon
7
Cars.com
CARS
$722M
$141M 4.34%
6,542,000
+250,000
+4% +$6.25M
AABA
8
DELISTED
Altaba Inc
AABA
$130M 4%
2,237,710
– –
MGLN
9
DELISTED
Magellan Health Services, Inc.
MGLN
$121M 3.72%
+2,119,100
New +$131M
BAX icon
10
Baxter International
BAX
$12.7B
$92.5M 2.86%
1,405,500
+678,000
+93% +$45.5M
IWN icon
11
iShares Russell 2000 Value ETF
IWN
$14.4B
$74.8M 2.31%
696,000
+200,000
+40% +$24.1M
RPM icon
12
RPM International
RPM
$13.9B
$64.7M 2%
1,100,322
-95,000
-8% -$5.82M
BMS
13
DELISTED
Bemis
BMS
$25.9M 0.8%
565,274
-1,407,717
-71% -$65.6M
TVPT
14
DELISTED
Travelport Worldwide Limited
TVPT
$10.9M 0.34%
+700,000
New +$10.7M
SPY icon
15
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$775B
$9.83M 0.3%
710,000
+130,000
+22% +$35.1M
IWM icon
16
PUT
iShares Russell 2000 ETF
IWM
$79.2B
$1.85M 0.06%
450,000
-450,000
-50% -$67.1M
NWL icon
17
Newell Brands
NWL
$2.21B
– –
-787,384
Closed -$16M
FCE.A
18
DELISTED
Forest City Realty Trust, Inc.
FCE.A
– –
-15,272,223
Closed -$383M
WEB
19
DELISTED
Web.com Group, Inc.
WEB
– –
-4,238,750
Closed -$118M

Similar funds

SCM
Shelton Capital Management Denver, Colorado $4.57B AUM 32.26% 1-Year Est. Return
LNWTC
Laird Norton Wetherby Trust Company Seattle, Washington $4.58B AUM 30.77% 1-Year Est. Return
SCM
Smead Capital Management Phoenix, Arizona $4.6B AUM 27.56% 1-Year Est. Return
AG
AlTi Global New York $4.6B AUM 22.54% 1-Year Est. Return
ANTB
AMG National Trust Bank Greenwood Village, Colorado $4.61B AUM 19.2% 1-Year Est. Return
DWM
Dakota Wealth Management Palm Beach Gardens, Florida $4.62B AUM 33.09% 1-Year Est. Return
LPPI
Local Pensions Partnership Investment London, United Kingdom $4.63B AUM 13.51% 1-Year Est. Return
DK
DJE Kapital 82049 Pullach, Germany $4.51B AUM 49.55% 1-Year Est. Return

Starboard Value's Q4 2018 Portfolio in Review

As of Q4 2018, Starboard Value held 19 positions worth $3.24B, down 17% from $3.9B the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Starboard Value withdrew a net $168M in Q4 2018, closing 3 positions and reducing 4 holdings. Its most notable exit was Forest City Realty Trust, Inc., an estimated $383M position sold in full.

By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 43% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Starboard Value opened a new position in Dollar Tree worth $235M.

  • Starboard Value's largest Q4 2018 buy was Dollar Tree: 2,596,705 shares worth $235M.
  • Starboard Value added most to Baxter International in Q4 2018, an estimated $45.5M increase.
  • Starboard Value's biggest Q4 2018 reduction was Bemis, cutting an estimated $65.6M.
  • Starboard Value fully exited Forest City Realty Trust, Inc. in Q4 2018, selling an estimated $383M.
  • Starboard Value's ten largest holdings make up 94% of its $3.24B portfolio in Q4 2018.
  • Starboard Value opened 3 new positions and closed 3 in Q4 2018.
  • Starboard Value's portfolio value fell 17% quarter-over-quarter to $3.24B.

Based on Starboard Value's 13F filing for Q4 2018, filed 14 Feb 2019.