Starboard Value 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Starboard Value disclosed 23 US equity positions worth $1.5bn in its Q1 2014 13F filing. The largest position was DRI at 24.2% of the reported book, followed by OFFICE DEPOT INC and TESSERA TECHNOLOGIES INC. Against the Q4 2013 filing, it opened 3 new positions, added to 5 and reduced 10 among the top 23 holdings.
What did Starboard Value own in Q1 2014? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | DRI DARDEN RESTAURANTS INC | Consumer Cyclical | 24.2% | $368.0m | 7,250,000 | 0% | held |
| 2 | OFFICE DEPOT INC | 12.6% | $191.3m | 46,323,913 | 7% | added | |
| 3 | TESSERA TECHNOLOGIES INC | 7.4% | $112.2m | 4,750,000 | 1% | added | |
| 4 | WAUSAU PAPER CORP | 6.3% | $95.5m | 7,500,000 | 0% | held | |
| 5 | CALGON CARBON CORP | 5.2% | $79.1m | 3,625,000 | -24% | reduced | |
| 6 | INTEGRATED DEVICE TECHNOLOGY | 4.8% | $73.4m | 6,000,000 | -48% | reduced | |
| 7 | AARONS INC | 4.6% | $69.6m | 2,300,000 | – | new | |
| 8 | BABCOCK & WILCOX CO NEW | 4.4% | $66.4m | 2,000,000 | -17% | reduced | |
| 9 | TRIQUINT SEMICONDUCTOR INC | 3.9% | $59.7m | 4,461,478 | -65% | reduced | |
| 10 | CW CURTISS WRIGHT CORP | Industrials | 3.9% | $59.4m | 935,000 | -19% | reduced |
| 11 | COMPUWARE CORP | 3.4% | $51.5m | 4,900,000 | -39% | reduced | |
| 12 | REGIS CORP MINN | 3.3% | $50.5m | 49,429,000 | 0% | held | |
| 13 | LXU LSB INDS INC | Basic Materials | 2.7% | $41.7m | 1,115,000 | 31% | added |
| 14 | QUANTUM CORP | 2.1% | $31.5m | 30,550,000 | 0% | held | |
| 15 | QUANTUM CORP | 2.1% | $31.3m | 25,695,000 | 0% | held | |
| 16 | POLYCOM INC | 2.0% | $30.9m | 2,250,000 | -66% | reduced | |
| 17 | REALD INC | 1.7% | $25.1m | 2,250,000 | – | new | |
| 18 | RF MICRODEVICES INC | 1.5% | $22.1m | 2,803,741 | – | new | |
| 19 | UNWIRED PLANET INC NEW | 1.3% | $20.5m | 9,454,282 | 3% | added | |
| 20 | DSP GROUP INC | 0.9% | $14.2m | 1,640,000 | -14% | reduced | |
| 21 | ENTROPIC COMMUNICATIONS INC | 0.8% | $12.1m | 2,950,000 | 12% | added | |
| 22 | IWM ISHARES | 0.7% | $10.1m | 87,000 | -60% | reduced | |
| 23 | REGIS CORP MINN | 0.3% | $4.4m | 320,600 | -67% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.