Starboard Value 13F, Q4 2023
Jeff Smith · quarter ending 31 December 2023 · filed 14 February 2024 · SEC CIK 1517137
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 2 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2023
The 25 largest of 26 positions. Weights are against the whole filed book. Changes are in shares held, against the Q3 2023 filing.
| Company | Ticker | Value | % of book | vs Q3 2023 |
|---|---|---|---|---|
| GODADDY INC | GDDY | $797.56M | 16.6% | -25% shares |
| HUMANA INC | HUM | $455.13M | 9.5% | +18% shares |
| GEN DIGITAL INC | GEN | $424.66M | 8.8% | unchanged |
| WIX COM LTD | $411.26M | 8.6% | -10% shares | |
| SALESFORCE INC | CRM | $404.30M | 8.4% | -11% shares |
| ALGONQUIN PWR UTILS CORP | AQN | $391.78M | 8.2% | +6% shares |
| ISHARES TR | IWN | $280.37M | 5.8% | +17% shares |
| FORTREA HLDGS INC | FTRE | $265.07M | 5.5% | new |
| ACACIA RESH CORP | ACTG | $239.60M | 5.0% | unchanged |
| BLOOMIN BRANDS INC | BLMN | $237.61M | 5.0% | unchanged |
| NEWS CORP NEW | NWS | $224.59M | 4.7% | new |
| AECOM | ACM | $167.21M | 3.5% | -37% shares |
| VERTIV HOLDINGS CO | VRT | $125.34M | 2.6% | -37% shares |
| MERCURY SYS INC | MRCY | $78.44M | 1.6% | -7% shares |
| ROGERS CORP | ROG | $59.96M | 1.3% | -17% shares |
| GREEN DOT CORP | GDOT | $52.41M | 1.1% | unchanged |
| ISHARES TR | IWR | $44.69M | 0.9% | +35% shares |
| NEWS CORP NEW | NWSA | $41.73M | 0.9% | new |
| LIVEPERSON INC | $22.16M | 0.5% | unchanged | |
| Q2 HLDGS INC | QTWO 0.75 06/01/26 | $18.16M | 0.4% | unchanged |
| RB GLOBAL INC | RBA | $16.80M | 0.3% | unchanged |
| LIVEPERSON INC | $15.25M | 0.3% | new | |
| SPRING VALLEY ACQUISTN CORP | $9.19M | 0.2% | unchanged | |
| WIX COM LTD | $6.83M | 0.1% | unchanged | |
| ALCHEMY INVTS ACQUISITN CORP | $3.65M | 0.1% | unchanged |
What changed since Q3 2023
Against the Q3 2023 filing, Starboard Value opened 4 new positions, added to 4, trimmed 7, left 11 unchanged and exited 3. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Exited
- ISRAEL ACQUISITIONS CORPwas $5.28M
- MONTEREY CAP ACQUISITION CORwas $3.99M
- DENALI CAPITAL ACQUISITN CORwas $3.29M
Other quarters
Source: SEC Form 13F-HR, accession 0000921895-24-000478, filed by Starboard Value LP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.