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SV

Starboard Value Portfolio holdings

AUM $4.57B
1-Year Est. Return 4.97%
This Fund
S&P 500
This Quarter Est. Return
+9.3%
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
$5.22B
AUM Growth
+$671M
Cap. Flow
+$477M
Cap. Flow %
9.13%
Top 10 Hldgs %
73.53%
Holding
183
New
6
Increased
4
Reduced
8
Closed
35

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$442M
2
VRT icon
Vertiv
VRT
+$225M
3
SPLK
Splunk Inc
SPLK
+$151M
4
GDDY icon
GoDaddy
GDDY
+$148M
5
IWN icon
iShares Russell 2000 Value ETF
IWN
+$42.4M

Top Sells

Rank Stock Value
1
CVLT icon
Commault Systems
CVLT
+$131M
2
HUN icon
Huntsman Corp
HUN
+$126M
3
ON icon
ON Semiconductor
ON
+$99.8M
4
HUM icon
Humana
HUM
+$93.6M
5
WTW icon
Willis Towers Watson
WTW
+$70.1M

Sector Composition

Rank Sector Weight
1 Technology 41.73%
2 Industrials 19.95%
3 Financials 18.07%
4 Healthcare 10%
5 Consumer Discretionary 4.58%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDDY icon
1
GoDaddy
GDDY
$13.8B
$766M 14.67%
10,233,055
+1,973,118
+24% +$148M
ACM icon
2
Aecom
ACM
$9.37B
$592M 11.35%
6,974,316
– –
WTW icon
3
Willis Towers Watson
WTW
$30.2B
$471M 9.02%
1,925,491
-306,718
-14% -$70.1M
GEN icon
4
Gen Digital
GEN
$16.7B
$405M 7.77%
18,914,794
-289,660
-2% -$6.4M
CRM icon
5
Salesforce
CRM
$153B
$401M 7.69%
+3,025,982
New +$442M
HUM icon
6
Humana
HUM
$43.8B
$397M 7.61%
775,000
-178,000
-19% -$93.6M
VRT icon
7
Vertiv
VRT
$90.1B
$231M 4.42%
+16,901,901
New +$225M
PZZA icon
8
Papa John's
PZZA
$1B
$227M 4.35%
2,759,360
– –
WIX icon
9
WIX.com
WIX
$2.51B
$178M 3.42%
2,322,076
-245,890
-10% -$19.9M
MRCY icon
10
Mercury Systems
MRCY
$5.5B
$169M 3.23%
3,772,291
– –
SPLK
11
DELISTED
Splunk Inc
SPLK
$161M 3.08%
+1,866,880
New +$151M
IWN icon
12
iShares Russell 2000 Value ETF
IWN
$14.4B
$125M 2.39%
900,000
+300,000
+50% +$42.4M
CVLT icon
13
Commault Systems
CVLT
$5.05B
$97.2M 1.86%
1,546,000
-2,109,000
-58% -$131M
IWM icon
14
iShares Russell 2000 ETF
IWM
$79.5B
$90.6M 1.74%
519,380
+200,000
+63% +$35.6M
GDOT icon
15
Green Dot
GDOT
$756M
$83.8M 1.6%
5,294,110
– –
MD icon
16
Pediatrix Medical
MD
$2.18B
$81.3M 1.56%
5,473,971
-441,029
-7% -$7.2M
LPSN icon
17
LivePerson
LPSN
$22.6M
$71M 1.36%
467,000
– –
ON icon
18
ON Semiconductor
ON
$31.7B
$59.3M 1.14%
950,000
-1,497,000
-61% -$99.8M
CYXT
19
DELISTED
Cyxtera Technologies, Inc. Class A Common Stock
CYXT
$39.9M 0.76%
20,767,571
– –
ACTG icon
20
Acacia Research
ACTG
$441M
$21.1M 0.4%
+5,000,000
New +$19.6M
ENOV icon
21
Enovis
ENOV
$1.71B
$18.9M 0.36%
353,165
-224,835
-39% -$11.6M
IWR icon
22
iShares Russell Mid-Cap ETF
IWR
$56.2B
$10.1M 0.19%
+150,000
New +$10.1M
IRRX
23
DELISTED
Integrated Rail and Resources Acquisition Corp.
IRRX
$9.66M 0.19%
937,845
– –
SVII
24
DELISTED
Spring Valley Acquisition Corp II
SVII
$8.61M 0.17%
+850,000
New +$8.59M
IVCA
25
DELISTED
Investcorp India Acquisition Corp
IVCA
$7.75M 0.15%
750,000
– –
1
2 3 4 5

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ANTB
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LPPI
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Starboard Value's Q4 2022 Portfolio in Review

As of Q4 2022, Starboard Value held 183 positions worth $5.22B, up 15% from $4.55B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Starboard Value deployed $477M of net new capital in Q4 2022, opening 6 new positions and adding to 4 existing holdings. Its largest new stake was Salesforce: 3,025,982 shares worth $401M.

By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 36% a quarter earlier, followed by Industrials and Financials.

On the sell side, the largest reduction was Commault Systems, an estimated $131M trimmed.

  • Starboard Value's largest Q4 2022 buy was Salesforce: 3,025,982 shares worth $401M.
  • Starboard Value added most to GoDaddy in Q4 2022, an estimated $148M increase.
  • Starboard Value's biggest Q4 2022 reduction was Commault Systems, cutting an estimated $131M.
  • Starboard Value fully exited Huntsman Corp in Q4 2022, selling an estimated $126M.
  • Starboard Value's ten largest holdings make up 74% of its $5.22B portfolio in Q4 2022.
  • Starboard Value opened 6 new positions and closed 35 in Q4 2022.
  • Starboard Value's portfolio value rose 15% quarter-over-quarter to $5.22B.

Based on Starboard Value's 13F filing for Q4 2022, filed 14 Feb 2023.