Starboard Value LP
Long book
$4.57B
Q1 2026
Positions
23
Top-10 weight
75%
concentration
Last quarter
+15.4%
SPY +14.8%
Turnover
27%
of book per quarter
Strategy in plain words
auto-generated from filingsStarboard Value LP is an activist investor that takes positions to influence management, running a $4.57B US long book across 23 positions.
The portfolio is concentrated: the top 10 names carry 75% of the portfolio. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: QORVO INC, KENVUE INC, ISHARES CORE S&P MIDCAP ETF, ALGONQUIN POWER & UTILITIES, MATCH GROUP INC.
Over the last 9 quarters its long book ran on average 2.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.0%
Q2 2024
+2.6%
Q3 2024
+3.9%
Q4 2024
-7.2%
Q1 2025
+5.2%
Q2 2025
+2.8%
Q3 2025
-1.7%
Q4 2025
-6.2%
Q1 2026
+15.4%
Sector allocation
Technology 37%
Other 17%
Financials 15%
Utilities 9%
Consumer discretionary 8%
Consumer staples 7%
Industrials 3%
Healthcare 3%
Long book by quarter
What does Starboard Value own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| QRVO QORVO INC | Technology | 7.5M | $581.3M | 12.7% | Held |
| KVUE KENVUE INC | Other | 27.3M | $470.8M | 10.3% | Held |
| AQN ALGONQUIN POWER & UTILITIES | Utilities | 57.2M | $351.1M | 7.7% | -9.9% |
| MTCH MATCH GROUP INC | Technology | 11.4M | $350.0M | 7.7% | Held |
| ACTG ACACIA RESEARCH CORP | Financials | 61.1M | $294.0M | 6.4% | Held |
| BILL BILL HOLDINGS INC | Technology | 7.0M | $269.1M | 5.9% | Held |
| LW LAMB WESTON HOLDINGS INC | Consumer staples | 6.1M | $258.4M | 5.7% | New |
| KMX CARMAX INC | Consumer discretionary | 6.2M | $257.9M | 5.6% | New |
| RIOT RIOT PLATFORMS INC | Financials | 15.5M | $192.1M | 4.2% | +22.0% |
| GEN GEN DIGITAL INC | Technology | 7.8M | $147.0M | 3.2% | -26.2% |
| NWSA NEWS CORP - CLASS A | Other | 5.6M | $139.7M | 3.1% | -4.9% |
| FLR FLUOR CORP | Industrials | 2.9M | $134.6M | 2.9% | -44.4% |
| TRIP TRIPADVISOR INC | Technology | 10.8M | $114.9M | 2.5% | +11.7% |
| BDX BECTON DICKINSON AND CO | Healthcare | 636.5K | $100.1M | 2.2% | -31.6% |
| GPGI GPGI INC | Financials | 5.0M | $86.0M | 1.9% | New |
| NWS NEWS CORP - CLASS B | Other | 2.6M | $73.8M | 1.6% | -41.7% |
| ROG ROGERS CORP | Materials | 584.3K | $62.7M | 1.4% | -51.4% |
| BLMN BLOOMIN' BRANDS INC | Consumer discretionary | 8.0M | $43.1M | 0.9% | Held |
| BIXI BITCOIN INFRASTRUCTURE-CL A | Financials | 300.0K | $3.0M | 0.1% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 26 | $4.57B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 22 | $5.28B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 20 | $5.31B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 25 | $5.77B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 22 | $5.50B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 22 | $5.53B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 20 | $4.70B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 20 | $4.30B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 23 | $4.84B | canonical | SEC ↗ |