Funds › Starboard Value LP › Q1 2021Starboard Value LP 13F holdings, Q1 2021 Starboard Value LP disclosed 37 US equity positions worth $4.7bn in its Q1 2021 13F filing. Its largest position is CTVA at 12.4% of the reported book, followed by ACM and GEN. Versus Q4 2020 it opened 20 new positions, added to 6, reduced 7 and exited 1.
$4.7bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
37 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.4% Largest position The largest single position as a share of the reported equity book.
74.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
14 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
61 Quarters on file since Q2 2011 Quarters for which this manager's 13F holdings are on record. Holdings Against Q4 2020: 20 new , 6 added , 7 reduced , 1 exited
37 rows
Stock Sector Weight Value Shares Δ shares Action CTVA CORTEVA INC Basic Materials 12.4% $580m 12.43m −14% reduced ACM AECOM Industrials 10.7% $501m 7.81m +0.5% added GEN GEN DIGITAL INC Technology 9.6% $449m 21.10m +1.3% added ON ON SEMICONDUCTOR CORP Technology 7.6% $357m 8.57m −5.2% reduced ACIW ACI WORLDWIDE INC Technology 7.3% $342m 8.99m −7.0% reduced BOX BOX INC Technology 6.2% $293m 12.75m +16% added CVLT COMMVAULT SYSTEMS INC Technology 6.0% $280m 4.35m −2.7% reduced GDOT GREEN DOT CORP Financial Services 5.2% $242m 5.29m +20% added ELAN ELANCO ANIMAL HEALTH INC Healthcare 4.9% $231m 7.83m – new MMSI MERIT MED SYS INC Healthcare 4.8% $224m 3.74m −6.2% reduced MGLNUSD MAGELLAN HEALTH INC – 4.7% $221m 2.37m 0.0% held MD PEDIATRIX MEDICAL GROUP INC Healthcare 4.6% $215m 8.45m 0.0% held CERNCHF CERNER CORP – 3.5% $162m 2.26m −1.6% reduced GCPEUR GCP APPLIED TECHNOLOGIES INC – 3.4% $160m 6.54m 0.0% held EHTH EHEALTH INC Financial Services 2.9% $138m 1.90m – new IWM ISHARES TR – 2.6% $120m 541,000 +1.9% added IWN ISHARES TR – 1.1% $53.9m 337,777 0.0% held IWR ISHARES TR – 0.7% $33.3m 450,000 −18% reduced SCOR COMSCORE INC Technology 0.2% $10.5m 2.87m +113% added WARBURG PINCUS CAPTAL CORP I no ticker – 0.2% $8.5m 850,000 – new SLAM CORP no ticker – 0.1% $6.0m 601,000 – new KKR ACQUISITION HOLDING I CO no ticker – 0.1% $6.0m 594,800 – new MONTES ARCHIMEDES ACQUISITIO no ticker – 0.1% $5.3m 541,615 – new ALTIMAR ACQUISITION CORP II no ticker – 0.1% $5.1m 500,000 – new CHURCHILL CAP CORP II no ticker – 0.1% $5.0m 500,000 – new FOREST ROAD ACQUISITION COR no ticker – 0.1% $5.0m 500,000 – new KHOSLA VENTURES ACQUT CO III no ticker – 0.07% $3.5m 350,000 – new LEAD EDGE GROWTH OPRTUNTS LT no ticker – 0.07% $3.5m 350,000 – new MISSION ADVANCEMENT CORP no ticker – 0.07% $3.5m 350,000 – new CC NEUBERGER PRIN HLDGS II no ticker – 0.07% $3.2m 322,700 – new KHOSLA VENTURES ACQUSTN CO I no ticker – 0.06% $3.0m 300,000 – new TWCT TWC TECH HLDGS II CORP – 0.06% $3.0m 305,049 – new ROSS ACQUISITION CORP II no ticker – 0.06% $3.0m 300,000 – new PLUM ACQUISITION CORP I no ticker – 0.06% $3.0m 300,000 – new L&F ACQUISITION CORP no ticker – 0.06% $2.8m 283,315 – new DRAGONEER GROWTH OPT CORP II no ticker – 0.05% $2.4m 235,558 – new FORTRESS VALUE ACQUIS CORP I no ticker – 0.04% $1.9m 188,705 – new
Exited since Q4 2020 1 row
Stock Prior weight Prior value AAP ADVANCE AUTO PARTS INC 1.2% $45.8m
Sector mix Technology 36.9% Unclassified 17.6% Healthcare 14.3% Basic Materials 12.4% Industrials 10.7% Financial Services 8.1% Book over time Every quarter on file (61) Where Starboard Value LP was early Concentration and tenure
17.7% Median largest position, all quarters The largest single position as a share of the reported equity book.
82.9% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
3 Median completed holding, quarters