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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
+17.47%
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
$4.09B
AUM Growth
+$855M
Cap. Flow
+$573M
Cap. Flow %
14.01%
Top 10 Hldgs %
83.03%
Holding
25
New
9
Increased
4
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
GEN icon
Gen Digital
GEN
+$250M
2
EBAY icon
eBay
EBAY
+$218M
3
CERN
Cerner Corp
CERN
+$172M
4
IWN icon
iShares Russell 2000 Value ETF
IWN
+$171M
5
OPLN
Openlane
OPLN
+$128M

Top Sells

Rank Stock Value
1
MLNX
Mellanox Technologies, Ltd.
MLNX
+$399M
2
MRVL icon
Marvell Technology
MRVL
+$300M
3
BAX icon
Baxter International
BAX
+$92.5M
4
DLTR icon
Dollar Tree
DLTR
+$82.4M
5
AABA
Altaba Inc
AABA
+$41.3M

Sector Composition

Rank Sector Weight
1 Technology 32.82%
2 Consumer Discretionary 23.96%
3 Healthcare 16.33%
4 Consumer Staples 4.51%
5 Communication Services 3.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEN icon
1
Gen Digital
GEN
$16.7B
$828M 20.22%
36,000,796
+11,499,000
+47% +$250M
AAP icon
2
Advance Auto Parts
AAP
$3.48B
$541M 13.23%
3,175,000
– –
PRGO icon
3
Perrigo
PRGO
$1.44B
$484M 11.81%
10,041,425
– –
MRVL icon
4
Marvell Technology
MRVL
$151B
$394M 9.64%
19,831,003
-16,050,000
-45% -$300M
IWN icon
5
iShares Russell 2000 Value ETF
IWN
$14.4B
$255M 6.23%
2,125,777
+1,429,777
+205% +$171M
EBAY icon
6
eBay
EBAY
$51.5B
$233M 5.7%
+6,286,819
New +$218M
DLTR icon
7
Dollar Tree
DLTR
$24.6B
$185M 4.51%
1,757,413
-839,292
-32% -$82.4M
CERN
8
DELISTED
Cerner Corp
CERN
$177M 4.33%
+3,095,851
New +$172M
MGLN
9
DELISTED
Magellan Health Services, Inc.
MGLN
$156M 3.82%
2,369,100
+250,000
+12% +$16M
CARS icon
10
Cars.com
CARS
$719M
$146M 3.55%
6,382,000
-160,000
-2% -$3.87M
OPLN
11
Openlane
OPLN
$4.3B
$132M 3.22%
+6,776,730
New +$128M
AABA
12
DELISTED
Altaba Inc
AABA
$121M 2.97%
1,637,710
-600,000
-27% -$41.3M
ZAYO
13
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$117M 2.85%
+4,099,252
New +$109M
GCP
14
DELISTED
GCP Applied Technologies Inc.
GCP
$94.1M 2.3%
+3,180,000
New +$85.4M
MGM icon
15
MGM Resorts International
MGM
$11.7B
$74.3M 1.81%
+2,895,000
New +$79.4M
IWR icon
16
iShares Russell Mid-Cap ETF
IWR
$56.2B
$68.2M 1.67%
+1,265,000
New +$65.5M
RPM icon
17
RPM International
RPM
$13.9B
$58.1M 1.42%
1,000,322
-100,000
-9% -$5.68M
NTUS
18
DELISTED
Natus Medical Inc
NTUS
$28.7M 0.7%
+1,131,191
New +$33.8M
IWM icon
19
PUT
iShares Russell 2000 ETF
IWM
$79.5B
$1.69M 0.04%
1,850,000
+1,400,000
+311% +$210M
IWR icon
20
PUT
iShares Russell Mid-Cap ETF
IWR
$56.2B
$94K ﹤0.01%
+125,000
New +$6.48M
BAX icon
21
Baxter International
BAX
$12.8B
– –
-1,405,500
Closed -$92.5M
SPY icon
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
– –
-710,000
Closed -$9.83M
MLNX
23
DELISTED
Mellanox Technologies, Ltd.
MLNX
– –
-4,321,402
Closed -$399M
BMS
24
DELISTED
Bemis
BMS
– –
-565,274
Closed -$25.9M
TVPT
25
DELISTED
Travelport Worldwide Limited
TVPT
– –
-700,000
Closed -$10.9M

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LNWTC
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SCM
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AG
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ANTB
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DWM
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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 Q1 2019 Portfolio in Review

As of Q1 2019, Starboard Value held 25 positions worth $4.09B, up 26% from $3.24B the previous quarter. Its ten largest holdings account for 83% of the portfolio.

Starboard Value deployed $573M of net new capital in Q1 2019, opening 9 new positions and adding to 4 existing holdings. Its largest new stake was eBay: 6,286,819 shares worth $233M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 49% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Marvell Technology, an estimated $300M trimmed.

  • Starboard Value's largest Q1 2019 buy was eBay: 6,286,819 shares worth $233M.
  • Starboard Value added most to Gen Digital in Q1 2019, an estimated $250M increase.
  • Starboard Value's biggest Q1 2019 reduction was Marvell Technology, cutting an estimated $300M.
  • Starboard Value fully exited Mellanox Technologies, Ltd. in Q1 2019, selling an estimated $399M.
  • Starboard Value's ten largest holdings make up 83% of its $4.09B portfolio in Q1 2019.
  • Starboard Value opened 9 new positions and closed 5 in Q1 2019.
  • Starboard Value's portfolio value rose 26% quarter-over-quarter to $4.09B.

Based on Starboard Value's 13F filing for Q1 2019, filed 15 May 2019.