Starboard Value L.P. 13F annual report

Starboard Value L.P. is an investment fund managing more than $4.58 trillion ran by Jeffrey Smith. There are currently 43 companies in Mr. Smith’s portfolio. The largest investments include Godaddy Inc and Splunk Inc, together worth $1.19 trillion.

Limited to 30 biggest holdings

$4.58 trillion Assets Under Management (AUM)

As of 4th August 2023, Starboard Value L.P.’s top holding is 10,040,437 shares of Godaddy Inc currently worth over $754 billion and making up 16.5% of the portfolio value. Relative to the number of outstanding shares of Godaddy Inc, Starboard Value L.P. owns less than approximately 0.1% of the company. In addition, the fund holds 4,068,000 shares of Splunk Inc worth $432 billion, whose value fell approximately 0.1% in the past six months. The third-largest holding is Salesforce Inc worth $424 billion and the next is Humana worth $396 billion, with 885,000 shares owned.

Currently, Starboard Value L.P.'s portfolio is worth at least $4.58 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Starboard Value L.P.

The Starboard Value L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jeffrey Smith serves as the Managing Member, CEO and CIO at Starboard Value L.P..

Recent trades

In the most recent 13F filing, Starboard Value L.P. revealed that it had opened a new position in Godaddy Inc and bought 10,040,437 shares worth $754 billion.

One of the largest hedge funds

The two most similar investment funds to Starboard Value L.P. are Adviser Investments and Townsquare Capital. They manage $4.57 trillion and $4.53 trillion respectively.

Jeffrey Smith investment strategy

Starboard Value L.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 44.6% of the total portfolio value. The fund focuses on investments in the United States as 27.9% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 14% of the total holdings value. On the other hand, small-cap stocks make up only 7.0% of the portfolio. The average market cap of the portfolio companies is close to $14.4 billion.

The complete list of Starboard Value L.P. trades based on 13F SEC filings

These positions were updated on August 11th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Godaddy Inc	Opened 10,040,437	$754,338,032,000	16.47%
Splunk Inc	Opened 4,068,000	$431,574,120,000	9.42%
Salesforce Inc	Opened 2,008,076	$424,226,136,000	9.26%
Humana Inc.	Opened 885,000	$395,710,050,000	8.64%
Vertiv Holdings Co	Opened 15,944,889	$394,954,901,000	8.62%
Gen Digital Inc	Opened 18,914,794	$350,869,429,000	7.66%
AECOM	Opened 3,781,000	$320,212,890,000	6.99%
Wix.com Ltd	Opened 3,785,000	$296,138,400,000	6.47%
Algonquin Pwr Utils Corp	Opened 34,138,650	$281,985,249,000	6.16%
Ishares Tr	Opened 1,050,000	$137,674,500,000	3.01%
Rogers Corp.	Opened 774,000	$125,333,820,000	2.74%
Willis Towers Watson Plc Ltd	Opened 508,880	$119,841,240,000	2.62%
Abcam PLC	Opened 4,593,000	$112,390,710,000	2.45%
Green Dot Corp.	Opened 5,294,110	$99,211,621,000	2.17%
Mercury Sys Inc	Opened 2,836,000	$98,097,240,000	2.14%
Acacia Resh Corp	Opened 20,000,000	$83,200,000,000	1.82%
RB Global Inc	Opened 251,163	$15,069,780,000	0.33%
Papa Johns Intl Inc	Opened 182,000	$13,437,060,000	0.29%
Liveperson Inc	Opened 2,360,000	$10,667,200,000	0.23%
Spring Valley Acquistn Corp	Opened 850,000	$8,967,500,000	0.20%
Commvault Sys Inc	Opened 122,000	$8,859,640,000	0.19%
Investcorp India Acquistn Co	Opened 750,000	$8,025,000,000	0.18%
KnightSwan Acquisition Corp	Opened 750,000	$7,927,500,000	0.17%
A Spac Ii Acquisition Corp	Opened 750,000	$7,905,000,000	0.17%
Consilium Acquisitn Corp I L	Opened 639,252	$6,705,753,000	0.15%
Ftac Emerald Acquisition Cor	Opened 620,000	$6,417,000,000	0.14%
Global Blockchain Acqui Corp	Opened 600,000	$6,264,000,000	0.14%
Vahanna Tech Edge Acqstn I C	Opened 509,330	$5,414,178,000	0.12%
Jaguar Global Growth Corp I	Opened 500,000	$5,290,000,000	0.12%
Heartland Media Acquisition	Opened 500,000	$5,270,000,000	0.12%
Israel Acquisitions Corp	Opened 500,000	$5,207,600,000	0.11%
Futuretech Ii Acquisition Co	Opened 450,000	$4,810,500,000	0.11%
Andretti Acquisition Corp.	Opened 439,252	$4,673,641,000	0.10%
Monterey Cap Acquisition Cor	Opened 375,000	$3,918,750,000	0.09%
Aura Fat Projs Acquisition C	Opened 350,000	$3,703,000,000	0.08%
Alchemy Invts Acquisitn Corp	Opened 350,000	$3,587,500,000	0.08%
Denali Capital Acquisitn Cor	Opened 300,000	$3,213,060,000	0.07%
M3-Brigade Acquisition III Corp.	Opened 209,750	$2,191,888,000	0.05%
Ftac Zeus Acquisition Cor	Opened 210,250	$2,191,856,000	0.05%
AP Acquisition Corp	Opened 176,348	$1,897,504,000	0.04%
Infinite Acquisition Corp.	Opened 168,200	$1,777,874,000	0.04%
AltC Acquisition Corp.	Opened 82,300	$858,389,000	0.02%
Chenghe Acquisition Co	Opened 50,000	$535,000,000	0.01%
No transactions found
Showing first 500 out of 43 holdings