Jeffrey Smith – Starboard Value LP

Period:
Q1 2026
Portfolio date:
Mar 31, 2026
No. of stocks:
21
Portfolio value:
$4,574,764,000
Filed:
May 15, 2026
Style:
Activist
Stock Issuer % of Portfolio Recent Activity Shares Price Value
QRVOhistQORVO INC12.717,510,871$77.40$581.34M
KVUEhistKENVUE INC10.2927,307,632$17.24$470.78M
ETHBhistISHARES TR8.73Add 77.00%9,513,756$41.99$399.45M
AQNhistALGONQUIN PWR UTILS CORP7.68Reduce 10.00%57,189,420$6.14$351.14M
MTCHhistMATCH GROUP INC NEW7.6511,395,379$30.71$349.95M
ACTGhistACACIA RESH CORP6.4361,123,595$4.81$294.00M
BILLhistBILL HOLDINGS INC5.887,024,848$38.30$269.05M
LWhistLAMB WESTON HLDGS INC5.65Buy6,114,982$42.26$258.42M
KMXhistCARMAX INC5.64Buy6,201,362$41.58$257.85M
NWSAhistNEWS CORP NEW4.67Reduce 21.00%8,194,207$26.06$213.55M
RIOTPUThistRIOT PLATFORMS INC4.22Add 28.00%16,337,076$11.80$192.84M
GENhistGEN DIGITAL INC3.21Reduce 26.00%7,806,922$18.83$147.00M
FLRhistFLUOR CORP2.94Reduce 44.00%2,886,327$46.65$134.65M
CWANhistCLEARWATER ANALYTICS HLDGS I2.82Reduce 45.00%5,459,031$23.65$129.11M
HRhistHEALTHCARE RLTY TR2.53Reduce 46.00%6,821,267$16.99$115.89M
TRIPhistTRIPADVISOR INC2.51Add 12.00%10,774,996$10.66$114.86M
BDXhistBECTON DICKINSON & CO2.19Reduce 32.00%636,494$157.23$100.08M
GPGIhistGPGI INC1.88Buy5,027,028$17.10$85.96M
ROGhistROGERS CORP1.37Reduce 51.00%584,328$107.33$62.72M
BLMNhistBLOOMIN BRANDS INC0.947,980,992$5.40$43.10M
BIXIhistBITCOIN INFRASTRUCTURE ACQUI0.07Add 50.00%449,999$6.71$3.02M
ADSKhistAUTODESK INC0.00Sell0$0
CRMhistSALESFORCE INC0.00Sell0$0