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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
-1.17%
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
$3.9B
AUM Growth
-$725M
Cap. Flow
-$768M
Cap. Flow %
-19.67%
Top 10 Hldgs %
87%
Holding
50
New
2
Increased
4
Reduced
9
Closed
25

Top Buys

Rank Stock Value
1
BLMN icon
Bloomin' Brands
BLMN
+$222M
2
AQN icon
Algonquin Power & Utilities
AQN
+$183M
3
ACTG icon
Acacia Research
ACTG
+$157M
4
IWN icon
iShares Russell 2000 Value ETF
IWN
+$93.2M
5
IWR icon
iShares Russell Mid-Cap ETF
IWR
+$20.1M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$432M
2
VRT icon
Vertiv
VRT
+$390M
3
WTW icon
Willis Towers Watson
WTW
+$120M
4
ABCM
Abcam PLC
ABCM
+$112M
5
ACM icon
Aecom
ACM
+$76.9M

Sector Composition

Rank Sector Weight
1 Technology 47.1%
2 Industrials 18.38%
3 Healthcare 10.57%
4 Utilities 8.86%
5 Consumer Discretionary 5.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDDY icon
1
GoDaddy
GDDY
$13.8B
$742M 19.01%
9,962,287
-78,150
-0.8% -$5.77M
HUM icon
2
Humana
HUM
$43.8B
$409M 10.48%
841,000
-44,000
-5% -$20.7M
CRM icon
3
Salesforce
CRM
$153B
$351M 8.99%
1,730,451
-277,625
-14% -$60M
AQN icon
4
Algonquin Power & Utilities
AQN
$4.66B
$346M 8.86%
58,400,000
+24,261,350
+71% +$183M
WIX icon
5
WIX.com
WIX
$2.51B
$341M 8.74%
3,716,000
-69,000
-2% -$6.16M
GEN icon
6
Gen Digital
GEN
$16.7B
$329M 8.43%
18,608,904
-305,890
-2% -$5.97M
ACM icon
7
Aecom
ACM
$9.37B
$240M 6.15%
2,889,000
-892,000
-24% -$76.9M
ACTG icon
8
Acacia Research
ACTG
$441M
$223M 5.72%
61,123,595
+41,123,595
+206% +$157M
IWN icon
9
iShares Russell 2000 Value ETF
IWN
$14.4B
$210M 5.38%
1,550,000
+650,000
+72% +$93.2M
BLMN icon
10
Bloomin' Brands
BLMN
$745M
$205M 5.25%
+8,341,000
New +$222M
VRT icon
11
Vertiv
VRT
$90.1B
$153M 3.93%
4,120,599
-11,824,290
-74% -$390M
MRCY icon
12
Mercury Systems
MRCY
$5.5B
$85.6M 2.19%
2,308,800
-527,200
-19% -$19.4M
GDOT icon
13
Green Dot
GDOT
$756M
$73.7M 1.89%
5,294,110
– –
ROG icon
14
Rogers Corp
ROG
$2.17B
$71.7M 1.84%
545,519
-228,481
-30% -$34.1M
IWR icon
15
iShares Russell Mid-Cap ETF
IWR
$56.2B
$29.4M 0.75%
425,000
+275,000
+183% +$20.1M
RBA icon
16
RB Global
RBA
$21.5B
$15.7M 0.4%
251,163
– –
SVII
17
DELISTED
Spring Valley Acquisition Corp II
SVII
$9.15M 0.23%
850,000
– –
ISRL
18
DELISTED
Israel Acquisitions Corp
ISRL
$5.28M 0.14%
500,000
– –
CNTM
19
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$3.99M 0.1%
375,000
– –
ALCY
20
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
$3.62M 0.09%
350,000
– –
DECA
21
DELISTED
Denali Capital Acquisition Corp. Class A Ordinary Shares
DECA
$3.29M 0.08%
300,000
– –
KVAC icon
22
Keen Vision Acquisition Corp
KVAC
$69.7M
$3.05M 0.08%
+300,000
New +$3.05M
CVLT icon
23
Commault Systems
CVLT
$5.05B
– –
-122,000
Closed -$8.86M
IVCA
24
DELISTED
Investcorp India Acquisition Corp
IVCA
– –
-750,000
Closed -$8.03M
LPSN icon
25
LivePerson
LPSN
$22.6M
– –
-157,333
Closed -$10.7M
1
2

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SCM
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ANTB
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LPPI
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Starboard Value's Q3 2023 Portfolio in Review

As of Q3 2023, Starboard Value held 50 positions worth $3.9B, down 16% from $4.63B the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Starboard Value withdrew a net $768M in Q3 2023, closing 25 positions and reducing 9 holdings. Its most notable exit was Splunk Inc, an estimated $432M position sold in full.

By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 52% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Starboard Value opened a new position in Bloomin' Brands worth $205M.

  • Starboard Value's largest Q3 2023 buy was Bloomin' Brands: 8,341,000 shares worth $205M.
  • Starboard Value added most to Algonquin Power & Utilities in Q3 2023, an estimated $183M increase.
  • Starboard Value's biggest Q3 2023 reduction was Vertiv, cutting an estimated $390M.
  • Starboard Value fully exited Splunk Inc in Q3 2023, selling an estimated $432M.
  • Starboard Value's ten largest holdings make up 87% of its $3.9B portfolio in Q3 2023.
  • Starboard Value opened 2 new positions and closed 25 in Q3 2023.
  • Starboard Value's portfolio value fell 16% quarter-over-quarter to $3.9B.

Based on Starboard Value's 13F filing for Q3 2023, filed 14 Nov 2023.