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
ADSKAUTODESK INCSell−1,001,7335.62
CRMSALESFORCE INCSell−940,3254.72
RIOTPUTRIOT PLATFORMS INCReduce 94.00%−11,952,0763.04
GENGEN DIGITAL INCReduce 26.00%−2,778,6702.24
CWANCLEARWATER ANALYTICS HLDGS IReduce 45.00%−4,500,0001.73
HRHEALTHCARE RLTY TRReduce 46.00%−5,778,7331.51
BDXBECTON DICKINSON & COReduce 32.00%−293,4231.23
FLRFLUOR CORPReduce 44.00%−2,305,0000.95
NWSANEWS CORP NEWReduce 42.00%−1,850,0000.88
ROGROGERS CORPReduce 51.00%−619,1290.72
AQNALGONQUIN PWR UTILS CORPReduce 10.00%−6,300,0000.28
Q4 2025filed Feb 17, 263 new2 added8 reduced1 exited
ALITALIGHT INCSell−45,865,8992.81
ADSKAUTODESK INCReduce 24.00%−311,2672.23
NWSANEWS CORP NEWReduce 26.00%−1,577,9191.42
GENGEN DIGITAL INCReduce 13.00%−1,585,4081.05
HRHEALTHCARE RLTY TRReduce 13.00%−1,890,0360.87
BDXBECTON DICKINSON & COReduce 23.00%−278,0810.84
CRMSALESFORCE INCReduce 24.00%−301,8250.82
NWSANEWS CORP NEWReduce 8.00%−486,2290.77
ROGROGERS CORPReduce 28.00%−473,0450.45
Q3 2025filed Nov 14, 251 new3 added8 reduced5 exited
PFEPFIZER INCSell−8,542,1493.59
BDXBECTON DICKINSON & COReduce 54.00%−1,411,4923.57
MTCHMATCH GROUP INC NEWReduce 28.00%−4,241,5370.84
IAUISHARES TRReduce 60.00%−203,0000.65
RBARB GLOBAL INCSell−251,1630.46
HRHEALTHCARE RLTY TRReduce 25.00%−4,800,6360.39
GDOTGREEN DOT CORPSell−1,733,2980.32
GENGEN DIGITAL INCReduce 9.00%−1,159,5050.29
FTREFORTREA HLDGS INCSell−2,495,5580.21
NWSANEWS CORP NEWReduce 6.00%−417,2200.19
NWSANEWS CORP NEWReduce 12.00%−845,5250.17
WIXWIX COM LTDSell−7,095,0000.12
ADSKAUTODESK INCReduce 11.00%−154,3480.03
Q2 2025filed Aug 14, 252 new6 added8 reduced
GENGEN DIGITAL INCReduce 24.00%−4,186,0991.66
ADSKAUTODESK INCReduce 27.00%−532,6521.65
RIOTPUTRIOT PLATFORMS INCReduce 99.00%−12,512,4001.64
RIOTPUTRIOT PLATFORMS INCReduce 63.00%−8,023,1000.73
FTREFORTREA HLDGS INCReduce 53.00%−2,772,4420.51
GDOTGREEN DOT CORPReduce 62.00%−2,871,0830.38
NWSANEWS CORP NEWReduce 12.00%−952,3060.24
NWSANEWS CORP NEWReduce 6.00%−402,4570.06
Q1 2025filed May 15, 252 new2 added4 reduced2 exited
GDDYGODADDY INCSell−2,830,10010.10
PFEPFIZER INCReduce 50.00%−7,637,6583.81
WIXWIX COM LTDSell−840,0003.26
FTREFORTREA HLDGS INCReduce 30.00%−2,210,0001.80
IAUISHARES TRReduce 10.00%−400,3930.69
NWSANEWS CORP NEWReduce 8.00%−667,1690.35
Q4 2024filed Feb 14, 255 new2 added6 reduced2 exited
ADSKAUTODESK INCReduce 44.00%−814,0005.30
CRMSALESFORCE INCReduce 61.00%−882,5845.01
IAUISHARES TRSell−1,355,0004.81
WIXWIX COM LTDReduce 55.00%−1,037,0003.41
FTREFORTREA HLDGS INCReduce 11.00%−922,0001.05
GDOTGREEN DOT CORPReduce 8.00%−414,0000.36
GDDYGODADDY INCReduce 10.00%−303,9930.34
HUMPUTHUMANA INCSell−60,0000.01
Q3 2024filed Nov 14, 242 new1 added4 reduced3 exited
GDDYGODADDY INCReduce 32.00%−1,478,2764.56
HUMPUTHUMANA INCReduce 88.00%−447,0004.40
HUMPUTHUMANA INCReduce 62.00%−316,0003.12
CRMSALESFORCE INCReduce 14.00%−240,0221.68
MRCYMERCURY SYS INCSell−2,294,0001.44
ACMAECOMSell−625,4381.28
IAUISHARES TRSell−300,0000.57
Q2 2024filed Aug 14, 245 added7 reduced2 exited
GENGEN DIGITAL INCReduce 6.00%−1,092,3001.57
IAUISHARES TRReduce 25.00%−425,0001.06
GDDYGODADDY INCReduce 28.00%−1,809,0930.74
ACMAECOMReduce 27.00%−233,5620.46
QTWOQ2 HLDGS INCSell−20,000,0000.39
IAUISHARES TRReduce 43.00%−225,0000.35
MRCYMERCURY SYS INCReduce 14.00%−370,0000.18
WIXWIX COM LTDReduce 23.00%−555,0000.04
LPSNLIVEPERSON INCSell−1,400,0000.01
Q1 2024filed May 15, 241 new3 added9 reduced6 exited
HUMHUMANA INCReduce 83.00%−824,1469.44
ACMAECOMReduce 53.00%−950,0001.74
WIXWIX COM LTDReduce 27.00%−911,0001.65
FTREFORTREA HLDGS INCReduce 30.00%−2,293,0001.12
CRMSALESFORCE INCReduce 21.00%−327,9780.89
GDDYGODADDY INCReduce 15.00%−1,091,3090.84
LPSNLIVEPERSON INCReduce 96.00%−32,000,0000.45
LPSNLIVEPERSON INCSell−15,500,0000.32
IAUISHARES TRReduce 6.00%−100,0000.24
IAUISHARES TRSell−4,900,0000.23
SVACSPRING VALLEY ACQUISTN CORPSell−850,0000.19
ALCHEMY INVTS ACQUISITN CORPSell−350,0000.08
KVACKEEN VISION ACQUISITION CORPSell−300,0000.06
IAUISHARES TRReduce 9.00%−50,0000.02
VRTVERTIV HOLDINGS COSell−2,609,3000.01
Q4 2023filed Feb 14, 245 new4 added8 reduced3 exited
VRTVERTIV HOLDINGS COReduce 37.00%−1,511,2993.92
ACMAECOMReduce 37.00%−1,080,0002.67
GDDYGODADDY INCReduce 25.00%−2,449,5162.42
VRTVERTIV HOLDINGS COReduce 37.00%−1,511,0111.32
ROGROGERS CORPReduce 17.00%−91,5190.59
CRMSALESFORCE INCReduce 11.00%−193,9980.58
MRCYMERCURY SYS INCReduce 7.00%−163,8000.56
WIXWIX COM LTDReduce 10.00%−373,0000.19
ISLWFISRAEL ACQUISITIONS CORPSell−500,0000.14
MONTEREY CAP ACQUISITION CORSell−375,0000.10
DENALI CAPITAL ACQUISITN CORSell−300,0000.08
Q3 2023filed Nov 14, 232 new4 added5 reduced25 exited
SPLUNK INCSell−4,068,0009.32
VRTVERTIV HOLDINGS COReduce 74.00%−11,824,2904.61
WTWWILLIS TOWERS WATSON PLC LTDSell−508,8802.59
ABCAM PLCSell−4,593,0002.43
ROGROGERS CORPReduce 30.00%−228,4810.87
ACMAECOMReduce 24.00%−892,0000.77
PZZAPAPA JOHNS INTL INCSell−182,0000.29
LPSNLIVEPERSON INCSell−2,360,0000.23
CVLTCOMMVAULT SYS INCSell−122,0000.19
CRMSALESFORCE INCReduce 14.00%−277,6250.18
INVESTCORP INDIA ACQUISTN COSell−750,0000.17
KNIGHTSWAN ACQUISITION CORPSell−750,0000.17
ASCBWA SPAC II ACQUISITION CORPSell−750,0000.17
CONSILIUM ACQUISITN CORP I LSell−639,2520.14
FLDFTAC EMERALD ACQUISITION CORSell−620,0000.14
SPGIGLOBAL BLOCKCHAIN ACQUI CORPSell−600,0000.14
VAHANNA TECH EDGE ACQSTN I CSell−509,3300.12
JAGUAR GLOBAL GROWTH CORP ISell−500,0000.11
HEARTLAND MEDIA ACQUISITIONSell−500,0000.11
FTIIFUTURETECH II ACQUISITION COSell−450,0000.10
POLEANDRETTI ACQUISITION CORPSell−439,2520.10
AURA FAT PROJS ACQUISITION CSell−350,0000.08
MRCYMERCURY SYS INCReduce 19.00%−527,2000.07
AIMUFAIMFINITY INVESTMENT CORP ISell−300,0000.07
MBVIM3 BRIGADE ACQUISITION IIISell−209,7500.05
FTAC ZEUS ACQUISITION CORSell−210,2500.05
SCIIAP ACQUISITION CORPSell−176,3480.04
IEAGINFINITE ACQUISITION CORPSell−168,2000.04
OKLOALTC ACQUISITION CORPSell−82,3000.02
CHECCHENGHE ACQUISITION COSell−50,0000.01