Starboard Value 13F, Q1 2025
Jeff Smith · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1517137
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| QORVO INC | QRVO | $598.83M | 10.9% | new |
| KENVUE INC | KVUE | $528.85M | 9.6% | unchanged |
| AUTODESK INC | ADSK | $523.60M | 9.5% | +93% shares |
| GEN DIGITAL INC | GEN | $464.89M | 8.4% | unchanged |
| MATCH GROUP INC NEW | MTCH | $439.48M | 8.0% | -4% shares |
| BECTON DICKINSON & CO | BDX | $400.63M | 7.3% | new |
| ALGONQUIN PWR UTILS CORP | AQN | $341.47M | 6.2% | unchanged |
| HEALTHCARE RLTY TR | HR | $339.22M | 6.2% | unchanged |
| ALIGHT INC | ALITEUR | $284.19M | 5.2% | unchanged |
| NEWS CORP NEW | NWS | $237.34M | 4.3% | -8% shares |
| SALESFORCE INC | CRM | $228.02M | 4.2% | +52% shares |
| ISHARES TR | IJH | $208.01M | 3.8% | -10% shares |
| NEWS CORP NEW | NWSA | $196.02M | 3.6% | unchanged |
| PFIZER INC | PFE | $195.90M | 3.6% | -50% shares |
| ACACIA RESH CORP | ACTG | $195.60M | 3.6% | unchanged |
| RIOT PLATFORMS INC | RIOT | $90.42M | 1.6% | unchanged |
| BLOOMIN BRANDS INC | BLMN | $60.52M | 1.1% | unchanged |
| ROGERS CORP | ROG | $54.29M | 1.0% | unchanged |
| FORTREA HLDGS INC | FTRE | $39.77M | 0.7% | -30% shares |
| GREEN DOT CORP | GDOT | $38.86M | 0.7% | unchanged |
| RB GLOBAL INC | RBA | $25.19M | 0.5% | unchanged |
| WIX COM LTD | $7.37M | 0.1% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Starboard Value opened 2 new positions, added to 2, trimmed 5, left 13 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0000921895-25-001532, 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.