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SV

Starboard Value Portfolio holdings

AUM $4.52B
1-Year Est. Return 19.34%
This Fund
S&P 500
This Quarter Est. Return
+6.59%
1 Year Est. Return
+19.34%
3 Year Est. Return
+55.97%
5 Year Est. Return
+85.4%
10 Year Est. Return
+430.11%
AUM
$4.84B
AUM Growth
+$32.1M
Cap. Flow
-$192M
Cap. Flow %
-3.97%
Top 10 Hldgs %
79.32%
Holding
29
New
2
Increased
4
Reduced
9
Closed
6

Top Buys

Rank Stock Value
1
ALIT icon
Alight
ALIT
+$360M
2
NWSA icon
News Corp Class A
NWSA
+$108M
3
ROG icon
Rogers Corp
ROG
+$40.9M
4
MRCY icon
Mercury Systems
MRCY
+$15.6M
5
AQN icon
Algonquin Power & Utilities
AQN
+$909K

Top Sells

Rank Stock Value
1
VRT icon
Vertiv
VRT
+$125M
2
GDDY icon
GoDaddy
GDDY
+$121M
3
WIX icon
WIX.com
WIX
+$120M
4
CRM icon
Salesforce
CRM
+$94.6M
5
ACM icon
Aecom
ACM
+$85.9M

Sector Composition

Rank Sector Weight
1 Technology 48.86%
2 Healthcare 11.39%
3 Industrials 10.49%
4 Utilities 8.11%
5 Communication Services 8.1%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDDY icon
1
GoDaddy
GDDY
$13B
$762M 15.74%
6,421,462
-1,091,309
-15% -$121M
GEN icon
2
Gen Digital
GEN
$18.7B
$417M 8.61%
18,608,904
– –
AQN icon
3
Algonquin Power & Utilities
AQN
$4.07B
$393M 8.11%
62,141,000
+150,000
+0.2% +$909K
ALIT icon
4
Alight
ALIT
$314M
$392M 8.1%
+1,990,350
New +$360M
CRM icon
5
Salesforce
CRM
$210B
$364M 7.52%
1,208,475
-327,978
-21% -$94.6M
HUM icon
6
Humana
HUM
$47.6B
$338M 6.99%
976,000
-18,146
-2% -$6.88M
WIX icon
7
WIX.com
WIX
$3.46B
$334M 6.91%
2,432,000
-911,000
-27% -$120M
ACTG icon
8
Acacia Research
ACTG
$445M
$326M 6.73%
61,123,595
– –
IWN icon
9
iShares Russell 2000 Value ETF
IWN
$14.2B
$271M 5.59%
1,705,000
-100,000
-6% -$15.1M
BLMN icon
10
Bloomin' Brands
BLMN
$686M
$242M 5%
8,441,000
– –
NWS icon
11
News Corp Class B
NWS
$18.1B
$236M 4.88%
8,732,000
– –
FTRE icon
12
Fortrea Holdings
FTRE
$1.88B
$213M 4.4%
5,302,000
-2,293,000
-30% -$79.5M
NWSA icon
13
News Corp Class A
NWSA
$16.3B
$156M 3.22%
5,957,000
+4,257,000
+250% +$108M
ROG icon
14
Rogers Corp
ROG
$2.34B
$95.4M 1.97%
804,000
+350,000
+77% +$40.9M
ACM icon
15
Aecom
ACM
$8.26B
$84.3M 1.74%
859,000
-950,000
-53% -$85.9M
MRCY icon
16
Mercury Systems
MRCY
$5.23B
$78.6M 1.62%
2,664,000
+519,000
+24% +$15.6M
GDOT icon
17
Green Dot
GDOT
$752M
$46.8M 0.97%
5,018,381
-275,729
-5% -$2.43M
IWR icon
18
iShares Russell Mid-Cap ETF
IWR
$55.4B
$44.1M 0.91%
525,000
-50,000
-9% -$3.96M
RBA icon
19
RB Global
RBA
$15.9B
$19.1M 0.4%
251,163
– –
HUM icon
20
PUT
Humana
HUM
$47.6B
$1.33M 0.03%
+170,000
New +$64.4M
ALCY
21
DELISTED
Alchemy Investments Acquisition Corp 1
ALCY
– –
-350,000
Closed -$3.65M
IWM icon
22
PUT
iShares Russell 2000 ETF
IWM
$76.9B
– –
-4,900,000
Closed -$11M
KVAC
23
DELISTED
Keen Vision Acquisition Corp
KVAC
– –
-300,000
Closed -$3.1M
SVII
24
DELISTED
Spring Valley Acquisition Corp II
SVII
– –
-850,000
Closed -$9.19M
VRT icon
25
Vertiv
VRT
$90.3B
– –
-2,609,588
Closed -$125M
1
2

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MP
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U
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CGI
Comgest Global Investors Paris, France $4.55B AUM 11.62% 1-Year Est. Return
DACG
Donor Advised Charitable Giving San Francisco, California $4.49B AUM 26.39% 1-Year Est. Return
5NCM
59 North Capital Management Houston, Texas $4.49B AUM 6.4% 1-Year Est. Return
WA
WestEnd Advisors Charlotte, North Carolina $4.49B AUM 19.44% 1-Year Est. Return

Starboard Value's Q1 2024 Portfolio in Review

As of Q1 2024, Starboard Value held 29 positions worth $4.84B, up 0.67% from $4.81B the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Starboard Value withdrew a net $192M in Q1 2024, closing 6 positions and reducing 9 holdings. Its most notable exit was Vertiv, an estimated $125M position sold in full.

By sector, the portfolio is most concentrated in Technology at 49% of assets, up from 44% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Starboard Value opened a new position in Alight worth $392M.

  • Starboard Value's largest Q1 2024 buy was Alight: 1,990,350 shares worth $392M.
  • Starboard Value added most to News Corp Class A in Q1 2024, an estimated $108M increase.
  • Starboard Value's biggest Q1 2024 reduction was GoDaddy, cutting an estimated $121M.
  • Starboard Value fully exited Vertiv in Q1 2024, selling an estimated $125M.
  • Starboard Value's ten largest holdings make up 79% of its $4.84B portfolio in Q1 2024.
  • Starboard Value opened 2 new positions and closed 6 in Q1 2024.
  • Starboard Value's portfolio value rose 0.67% quarter-over-quarter to $4.84B.

Based on Starboard Value's 13F filing for Q1 2024, filed 15 May 2024.