Starboard Value 13F holdings, Q1 2016
Holdings as of March 31, 2016 · filings on SEC EDGAR · latest filing →
Starboard Value disclosed 17 US equity positions worth $2.4bn in its Q1 2016 13F filing. The largest position was YAHOO INC at 18.8% of the reported book, followed by DRI and AAP. Against the Q4 2015 filing, it opened 4 new positions, added to 5 and reduced 3 among the top 17 holdings.
What did Starboard Value own in Q1 2016? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2015 |
|---|---|---|---|---|---|---|---|
| 1 | YAHOO INC | 18.8% | $452.7m | 12,298,627 | 73% | added | |
| 2 | DRI DARDEN RESTAURANTS INC | Consumer Cyclical | 18.2% | $438.6m | 6,615,000 | -43% | reduced |
| 3 | AAP ADVANCE AUTO PARTS INC | Consumer Cyclical | 11.4% | $273.8m | 1,707,376 | 0% | held |
| 4 | MARVELL TECHNOLOGY GROUP LTD | 8.7% | $210.3m | 20,397,364 | – | new | |
| 5 | WESTROCK CO | 7.4% | $178.2m | 4,566,258 | 1% | added | |
| 6 | M MACYS INC | Consumer Cyclical | 7.2% | $173.1m | 3,924,944 | 19% | added |
| 7 | NSP INSPERITY INC | Industrials | 7.2% | $172.6m | 3,335,976 | 0% | held |
| 8 | BCO BRINKS CO | Industrials | 6.4% | $153.8m | 4,578,930 | 0% | held |
| 9 | BAX BAXTER INTL INC | Healthcare | 4.4% | $105.8m | 2,574,815 | 7% | added |
| 10 | CW CURTISS WRIGHT CORP | Industrials | 2.2% | $52.1m | 688,600 | 2% | added |
| 11 | FCPT FOUR CORNERS PPTY TR INC | Real Estate | 1.8% | $44.2m | 2,460,814 | -37% | reduced |
| 12 | ISHARES TR | 1.8% | $43.2m | 464,000 | – | new | |
| 13 | DEPOMED INC | 1.7% | $41.1m | 2,950,000 | – | new | |
| 14 | QUANTUM CORP | 1.1% | $26.0m | 35,550,000 | 0% | held | |
| 15 | ACM AECOM | Industrials | 0.8% | $18.5m | 600,000 | 0% | held |
| 16 | NXST NEXSTAR BROADCASTING GROUP I | Communication Services | 0.6% | $14.8m | 334,000 | – | new |
| 17 | QUANTUM CORP | 0.5% | $11.6m | 18,968,996 | -26% | 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.