Starboard Value 13F, Q1 2024
Jeff Smith · quarter ending 31 March 2024 · filed 15 May 2024 · SEC CIK 1517137
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 1 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q1 2024
Weights are against the whole filed book. Changes are in shares held, against the Q4 2023 filing.
| Company | Ticker | Value | % of book | vs Q4 2023 |
|---|---|---|---|---|
| GODADDY INC | GDDY | $762.10M | 15.8% | -15% shares |
| GEN DIGITAL INC | GEN | $416.84M | 8.6% | unchanged |
| ALGONQUIN PWR UTILS CORP | AQN | $392.73M | 8.1% | unchanged |
| ALIGHT INC | ALITEUR | $392.10M | 8.1% | new |
| SALESFORCE INC | CRM | $363.97M | 7.5% | -21% shares |
| HUMANA INC | HUM | $338.40M | 7.0% | unchanged |
| WIX COM LTD | $334.35M | 6.9% | -27% shares | |
| ACACIA RESH CORP | ACTG | $325.79M | 6.7% | unchanged |
| ISHARES TR | IWN | $270.77M | 5.6% | -6% shares |
| BLOOMIN BRANDS INC | BLMN | $242.09M | 5.0% | unchanged |
| NEWS CORP NEW | NWS | $236.29M | 4.9% | unchanged |
| FORTREA HLDGS INC | FTRE | $212.82M | 4.4% | -30% shares |
| NEWS CORP NEW | NWSA | $155.95M | 3.2% | +250% shares |
| ROGERS CORP | ROG | $95.43M | 2.0% | +77% shares |
| AECOM | ACM | $84.25M | 1.7% | -53% shares |
| MERCURY SYS INC | MRCY | $78.59M | 1.6% | +24% shares |
| GREEN DOT CORP | GDOT | $46.82M | 1.0% | -5% shares |
| ISHARES TR | IWR | $44.15M | 0.9% | -9% shares |
| RB GLOBAL INC | RBA | $19.13M | 0.4% | unchanged |
| Q2 HLDGS INC | QTWO 0.75 06/01/26 | $18.93M | 0.4% | unchanged |
| WIX COM LTD | $6.94M | 0.1% | unchanged | |
| LIVEPERSON INC | $526.5K | 0.0% | -96% shares |
What changed since Q4 2023
Against the Q4 2023 filing, Starboard Value opened 1 new position, added to 3, trimmed 9, left 9 unchanged and exited 5. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
New positions
- ALITEUR$392.10M
Exited
- VRTwas $125.34M
- LIVEPERSON INCwas $15.25M
- SPRING VALLEY ACQUISTN CORPwas $9.19M
- ALCHEMY INVTS ACQUISITN CORPwas $3.65M
- KEEN VISION ACQUISITION CORPwas $3.10M
Other quarters
Source: SEC Form 13F-HR, accession 0000921895-24-001233, 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.