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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
-2.06%
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
$4.3B
AUM Growth
-$545M
Cap. Flow
-$353M
Cap. Flow %
-8.22%
Top 10 Hldgs %
80.2%
Holding
21
New
–
Increased
4
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$127M
2
FTRE icon
Fortrea Holdings
FTRE
+$83.7M
3
NWSA icon
News Corp Class A
NWSA
+$32.1M
4
ALIT icon
Alight
ALIT
+$29.9M

Top Sells

Rank Stock Value
1
GDDY icon
GoDaddy
GDDY
+$239M
2
HUM icon
Humana
HUM
+$158M
3
WIX icon
WIX.com
WIX
+$79.7M
4
IWN icon
iShares Russell 2000 Value ETF
IWN
+$65M
5
GEN icon
Gen Digital
GEN
+$25M

Sector Composition

Rank Sector Weight
1 Technology 51.92%
2 Communication Services 10.39%
3 Industrials 10.3%
4 Healthcare 8.76%
5 Utilities 8.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GDDY icon
1
GoDaddy
GDDY
$13.9B
$644M 15%
4,612,369
-1,809,093
-28% -$239M
GEN icon
2
Gen Digital
GEN
$16.5B
$438M 10.19%
17,516,604
-1,092,300
-6% -$25M
CRM icon
3
Salesforce
CRM
$154B
$432M 10.07%
1,681,870
+473,395
+39% +$127M
AQN icon
4
Algonquin Power & Utilities
AQN
$4.59B
$364M 8.48%
62,141,000
– –
ALIT icon
5
Alight
ALIT
$536M
$320M 7.46%
2,169,750
+179,400
+9% +$29.9M
ACTG icon
6
Acacia Research
ACTG
$436M
$306M 7.13%
61,123,595
– –
WIX icon
7
WIX.com
WIX
$2.57B
$299M 6.95%
1,877,000
-555,000
-23% -$79.7M
NWS icon
8
News Corp Class B
NWS
$17.7B
$248M 5.77%
8,732,000
– –
NWSA icon
9
News Corp Class A
NWSA
$15.6B
$199M 4.62%
7,201,393
+1,244,393
+21% +$32.1M
IWN icon
10
iShares Russell 2000 Value ETF
IWN
$14.4B
$195M 4.54%
1,280,000
-425,000
-25% -$65M
HUM icon
11
Humana
HUM
$43.9B
$189M 4.41%
507,000
-469,000
-48% -$158M
FTRE icon
12
Fortrea Holdings
FTRE
$1.93B
$187M 4.35%
8,000,000
+2,698,000
+51% +$83.7M
BLMN icon
13
Bloomin' Brands
BLMN
$754M
$162M 3.78%
8,441,000
– –
ROG icon
14
Rogers Corp
ROG
$2.09B
$97M 2.26%
804,000
– –
MRCY icon
15
Mercury Systems
MRCY
$5.42B
$61.9M 1.44%
2,294,000
-370,000
-14% -$10.8M
ACM icon
16
Aecom
ACM
$9.45B
$55.1M 1.28%
625,438
-233,562
-27% -$21.3M
GDOT icon
17
Green Dot
GDOT
$750M
$47.4M 1.1%
5,018,381
– –
IWR icon
18
iShares Russell Mid-Cap ETF
IWR
$55.9B
$24.3M 0.57%
300,000
-225,000
-43% -$18.3M
RBA icon
19
RB Global
RBA
$21.5B
$19.2M 0.45%
251,163
– –
HUM icon
20
PUT
Humana
HUM
$43.9B
– –
-170,000
Closed -$1.33M

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 Q2 2024 Portfolio in Review

As of Q2 2024, Starboard Value held 21 positions worth $4.3B, down 11% from $4.84B the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Starboard Value withdrew a net $353M in Q2 2024, closing 1 position and reducing 8 holdings. Its largest reduction was GoDaddy, cutting an estimated $239M.

By sector, the portfolio is most concentrated in Technology at 52% of assets, up from 49% a quarter earlier, followed by Communication Services and Industrials.

Against the trend, Starboard Value added an estimated $127M to Salesforce.

  • Starboard Value added most to Salesforce in Q2 2024, an estimated $127M increase.
  • Starboard Value's biggest Q2 2024 reduction was GoDaddy, cutting an estimated $239M.
  • Starboard Value's ten largest holdings make up 80% of its $4.3B portfolio in Q2 2024.
  • Starboard Value opened 0 new positions and closed 1 in Q2 2024.
  • Starboard Value's portfolio value fell 11% quarter-over-quarter to $4.3B.

Based on Starboard Value's 13F filing for Q2 2024, filed 14 Aug 2024.