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
HistStockActivityShare change% change to portfolio
Q1 2026filed May 15, 265 new4 added9 reduced2 exited
LWLAMB WESTON HLDGS INCBuy6,114,9825.65
KMXCARMAX INCBuy6,201,3625.64
ETHBISHARES TRAdd 11.00%580,0002.04
GPGIGPGI INCBuy5,027,0281.88
RIOTPUTRIOT PLATFORMS INCAdd 22.00%2,800,0001.14
ETHBPUTISHARES TRAdd 399.00%546,1000.58
TRIPTRIPADVISOR INCAdd 12.00%1,130,0000.15
ETHBPUTISHARES TRBuy3,000,0000.07
BIXIBITCOIN INFRASTRUCTURE ACQUIBuy149,9990.00
Q4 2025filed Feb 17, 263 new2 added8 reduced1 exited
CWANCLEARWATER ANALYTICS HLDGS IBuy9,959,0314.55
FLRFLUOR CORP NEWBuy5,191,3273.90
KVUEKENVUE INCAdd 30.00%6,377,6942.53
RIOTRIOT PLATFORMS INCAdd 45.00%3,926,5760.10
BIXIBITCOIN INFRASTRUCTURE ACQUIBuy300,0000.06
Q3 2025filed Nov 14, 251 new3 added8 reduced5 exited
BILLBILL HOLDINGS INCBuy7,024,8487.00
RIOTRIOT PLATFORMS INCAdd 4600.00%8,630,4003.16
ROGROGERS CORPAdd 86.00%777,0001.47
TRIPTRIPADVISOR INCAdd 12.00%1,011,4300.99
Q2 2025filed Aug 14, 252 new6 added8 reduced
TRIPTRIPADVISOR INCBuy8,499,0541.92
IAUISHARES TRAdd 47.00%1,685,7811.86
CRMSALESFORCE INCAdd 47.00%402,5681.77
IAUISHARES TRBuy340,0001.27
BDXBECTON DICKINSON & COAdd 50.00%870,4900.54
MTCHMATCH GROUP INC NEWAdd 9.00%1,226,0150.21
ROGROGERS CORPAdd 12.00%95,5020.08
PFEPFIZER INCAdd 10.00%811,1490.03
Q1 2025filed May 15, 252 new2 added4 reduced2 exited
QRVOQORVO INCBuy8,270,00010.89
BDXBECTON DICKINSON & COBuy1,749,0007.29
ADSKAUTODESK INCAdd 93.00%962,0003.97
CRMSALESFORCE INCAdd 52.00%290,4150.76
Q4 2024filed Feb 14, 255 new2 added6 reduced2 exited
KVUEKENVUE INCBuy21,914,0008.46
PFEPFIZER INCBuy15,368,6587.38
HRHEALTHCARE RLTY TRBuy20,183,4606.19
IAUISHARES TRBuy3,965,2684.47
RIOTRIOT PLATFORMS INCBuy12,704,0352.35
MTCHMATCH GROUP INC NEWAdd 53.00%5,100,8240.99
ALITALIGHT INCAdd 9.00%3,833,0000.91
Q3 2024filed Nov 14, 242 new1 added4 reduced3 exited
ADSKAUTODESK INCBuy1,852,00010.85
MTCHMATCH GROUP INC NEWBuy9,556,1467.69
IAUISHARES TRAdd 6.00%75,0000.27
Q2 2024filed Aug 14, 245 added7 reduced2 exited
HUMHUMANA INCAdd 198.00%337,0004.38
CRMSALESFORCE INCAdd 39.00%473,3952.55
NWSANEWS CORP NEWAdd 21.00%1,244,3931.40
ALITALIGHT INCAdd 9.00%3,588,0000.64
FTREFORTREA HLDGS INCAdd 51.00%2,698,0000.05
Q1 2024filed May 15, 241 new3 added9 reduced6 exited
ALITALIGHT INCBuy39,807,0008.10
NWSANEWS CORP NEWAdd 250.00%4,257,0002.35
ROGROGERS CORPAdd 77.00%350,0000.72
MRCYMERCURY SYS INCAdd 24.00%519,0000.01
Q4 2023filed Feb 14, 245 new4 added8 reduced3 exited
FTREFORTREA HLDGS INCBuy7,595,0005.51
NWSANEWS CORP NEWBuy8,732,0004.67
HUMHUMANA INCAdd 18.00%153,1461.02
NWSANEWS CORP NEWBuy1,700,0000.87
AQNALGONQUIN PWR UTILS CORPAdd 6.00%3,591,0000.71
IAUISHARES TRAdd 16.00%255,0000.45
LPSNLIVEPERSON INCBuy15,500,0000.32
IAUISHARES TRBuy4,900,0000.23
IAUISHARES TRAdd 35.00%150,0000.18
Q3 2023filed Nov 14, 232 new4 added5 reduced25 exited
BLMNBLOOMIN BRANDS INCBuy8,341,0005.25
ACTGACACIA RESH CORPAdd 206.00%41,123,5953.92
AQNALGONQUIN PWR UTILS CORPAdd 71.00%24,261,3502.77
IAUISHARES TRAdd 72.00%650,0002.64
IAUISHARES TRAdd 183.00%275,0000.52
KVACKEEN VISION ACQUISITION CORPBuy300,0000.08
Q2 2023filed Aug 11, 2346 new1 added
LPSNLIVEPERSON INCAdd 11.00%3,400,00073.10
GDDYGODADDY INCBuy10,040,43716.30
SPLUNK INCBuy4,068,0009.32
CRMSALESFORCE INCBuy2,008,0769.16
HUMHUMANA INCBuy885,0008.55
VRTVERTIV HOLDINGS COBuy15,944,8898.53
GENGEN DIGITAL INCBuy18,914,7947.58
ACMAECOMBuy3,781,0006.92
WIXWIX COM LTDBuy3,785,0006.40
AQNALGONQUIN PWR UTILS CORPBuy34,138,6506.09
IAUISHARES TRBuy900,0002.74
ROGROGERS CORPBuy774,0002.71
WTWWILLIS TOWERS WATSON PLC LTDBuy508,8802.59
ABCAM PLCBuy4,593,0002.43
GDOTGREEN DOT CORPBuy5,294,1102.14
MRCYMERCURY SYS INCBuy2,836,0002.12
ACTGACACIA RESH CORPBuy20,000,0001.80
QTWOQ2 HLDGS INCBuy20,000,0000.37
RBARB GLOBAL INCBuy251,1630.33
PZZAPAPA JOHNS INTL INCBuy182,0000.29
IAUISHARES TRBuy150,0000.24
LPSNLIVEPERSON INCBuy2,360,0000.23
SVACSPRING VALLEY ACQUISTN CORPBuy850,0000.19
CVLTCOMMVAULT SYS INCBuy122,0000.19
INVESTCORP INDIA ACQUISTN COBuy750,0000.17
KNIGHTSWAN ACQUISITION CORPBuy750,0000.17
ASCBWA SPAC II ACQUISITION CORPBuy750,0000.17
CONSILIUM ACQUISITN CORP I LBuy639,2520.14
FLDFTAC EMERALD ACQUISITION CORBuy620,0000.14
SPGIGLOBAL BLOCKCHAIN ACQUI CORPBuy600,0000.14
VAHANNA TECH EDGE ACQSTN I CBuy509,3300.12
JAGUAR GLOBAL GROWTH CORP IBuy500,0000.11
HEARTLAND MEDIA ACQUISITIONBuy500,0000.11
ISLWFISRAEL ACQUISITIONS CORPBuy500,0000.11
FTIIFUTURETECH II ACQUISITION COBuy450,0000.10
POLEANDRETTI ACQUISITION CORPBuy439,2520.10
MONTEREY CAP ACQUISITION CORBuy375,0000.08
AURA FAT PROJS ACQUISITION CBuy350,0000.08
ALCHEMY INVTS ACQUISITN CORPBuy350,0000.08
DENALI CAPITAL ACQUISITN CORBuy300,0000.07
AIMUFAIMFINITY INVESTMENT CORP IBuy300,0000.07
MBVIM3 BRIGADE ACQUISITION IIIBuy209,7500.05
FTAC ZEUS ACQUISITION CORBuy210,2500.05
SCIIAP ACQUISITION CORPBuy176,3480.04
IEAGINFINITE ACQUISITION CORPBuy168,2000.04
OKLOALTC ACQUISITION CORPBuy82,3000.02
CHECCHENGHE ACQUISITION COBuy50,0000.01