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Starboard Value LP
Starboard Value LP is a New York-based investment management firm specializing in activist investing and value-oriented strategies. Founded in 2002, Starboard Value is led by CEO Jeffrey Smith and employs approximately 45 professionals. The firm focuses on investing in deeply undervalued public companies across various industries—including technology, consumer, and healthcare sectors—and actively engages with management and boards of directors to unlock value. Starboard is known for initiating strategic changes, board nominations, and operational improvements at target companies. It has built a strong track record of successful activist campaigns, improving performance and shareholder returns. Starboard Value is recognized as a prominent hedge fund and investment adviser, serving both institutional and sophisticated investors.
Investment Strategy
Starboard Value employs an activist investment strategy focused on identifying deeply undervalued publicly traded companies. The firm takes sizable stakes in its target companies and actively engages with management teams and boards to propose operational, strategic, and governance changes aimed at unlocking shareholder value. Starboard emphasizes rigorous fundamental analysis, robust risk management, and long-term value creation. Its campaigns often involve board nominations, management changes, and strategic operational improvements to drive superior financial performance. Starboard invests across various sectors, including technology, consumer, and healthcare, seeking opportunities where its expertise can catalyze significant improvements.
Latest 13F Filing Activity
Starboard Value LP filed their most recent 13F report on Jun 30, 2025 disclosing 23 equity positions and 1 options positions with a total 13F market value of $6B. The fund increased holdings in Ishares TR, Salesforce Inc., Tripadvisor Inc. among other positions. Starboard Value LP reduced exposure to Kenvue Inc., Gen Digital Inc., Autodesk Inc. among others.
Top Holdings
Equity Positions (23)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QRVO | QORVO INC | 11.59% | $668.5M | 7,872,867 | $72.41 | $84.91 | +$69.7M |
M MTCH | MATCH GROUP INC NEW | 8.20% | $473.0M | 15,311,916 | $35.64 | $30.89 | +$33.5M |
A ADSK | AUTODESK INC | 7.87% | $454.2M | 1,467,348 | $268.90 | $309.57 | -$69.4M |
B BDX | BECTON DICKINSON & CO | 7.82% | $451.2M | 2,619,490 | $210.18 | $172.25 | +$50.6M |
K KVUE | KENVUE INC | 7.59% | $438.1M | 20,929,938 | $21.37 | $20.93 | -$90.8M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
R RIOT | RIOT PLATFORMS INC | New | Put | $101.3K | 1,876 | $11.30 | $11.30 | +1,876 | +$101.3K |
Industry Allocation
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