WhaleCreep

Starboard Value LP 13F holdings, Q2 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-06-30, filed 2021-08-13

Starboard Value LP disclosed 62 US equity positions worth $5.1bn in its Q2 2021 13F filing. Its largest position is ACM at 9.2% of the reported book, followed by GEN and CTVA. Versus Q1 2021 it opened 35 new positions, added to 10, reduced 9 and exited 10.

$5.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
62
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.2%
Largest position
The largest single position as a share of the reported equity book.
69.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
16
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 Q1 2021: 35 new, 10 added, 9 reduced, 10 exited

50 of 62
ACM AECOMIndustrials9.2%$471m7.43m−4.9%reduced
GEN GEN DIGITAL INCTechnology8.9%$455m16.70m−21%reduced
CTVA CORTEVA INCBasic Materials8.4%$425m9.58m−23%reduced
PZZA PAPA JOHNS INTL INCConsumer Cyclical7.1%$361m3.46m–new
ACIW ACI WORLDWIDE INCTechnology6.6%$334m8.99m0.0%held
ON ON SEMICONDUCTOR CORPTechnology6.5%$333m8.69m+1.4%added
BOX BOX INCTechnology6.5%$332m13.01m+2.1%added
CVLT COMMVAULT SYSTEMS INCTechnology6.3%$319m4.08m−6.2%reduced
ELAN ELANCO ANIMAL HEALTH INCHealthcare5.2%$264m7.61m−2.9%reduced
MD PEDIATRIX MEDICAL GROUP INCHealthcare5.0%$255m8.45m0.0%held
CERNCHF CERNER CORP–4.9%$249m3.18m+41%added
GDOT GREEN DOT CORPFinancial Services4.9%$248m5.29m0.0%held
MMSI MERIT MED SYS INCHealthcare4.6%$233m3.60m−3.8%reduced
MGLNUSD MAGELLAN HEALTH INC–4.4%$223m2.37m0.0%held
GCPEUR GCP APPLIED TECHNOLOGIES INC–3.0%$152m6.54m0.0%held
IWM ISHARES TR–2.6%$133m578,000+6.8%added
EHTH EHEALTH INCFinancial Services2.2%$111m1.90m0.0%held
IWR ISHARES TR–0.8%$38.8m490,000+8.9%added
IWN ISHARES TR–0.3%$17.1m103,000−70%reduced
SCOR COMSCORE INCTechnology0.2%$12.1m2.42m−16%reduced
WARBURG PINCUS CAPTAL CORP I no ticker–0.2%$8.3m847,085–new
LEAD EDGE GROWTH OPRTUNTS LT no ticker–0.1%$5.9m600,000–new
KKR ACQUISITION HOLDING I CO no ticker–0.1%$5.8m594,800–new
SLAM CORP no ticker–0.1%$5.8m601,000–new
KHOSLA VENTURES ACQUT CO III no ticker–0.10%$4.9m500,000+43%added
FOREST ROAD ACQUISITION COR no ticker–0.10%$4.9m500,000–new
ALTIMAR ACQUISITION CORP II no ticker–0.10%$4.9m500,000–new
TWCT TWC TECH HLDGS II CORP–0.09%$4.5m450,000+48%added
MONTES ARCHIMEDES ACQUISITIO no ticker–0.09%$4.4m441,615−18%reduced
ROSS ACQUISITION CORP II no ticker–0.09%$4.4m450,000–new
MISSION ADVANCEMENT CORP no ticker–0.08%$3.9m400,000–new
ATLANTIC COASTAL ACQUISTN CO no ticker–0.07%$3.8m389,440–new
CC NEUBERGER PRIN HLDGS II no ticker–0.07%$3.7m376,060+17%added
ROTOR ACQUISITION CORP no ticker–0.07%$3.6m364,805–new
SUPERNOVA PARTNERS ACQUISITI no ticker–0.07%$3.5m356,962–new
DRAGONEER GROWTH OPT CORP II no ticker–0.07%$3.4m335,858+43%added
PLUM ACQUISITION CORP I no ticker–0.07%$3.3m340,929–new
DATA KNIGHTS ACQUISITION COR no ticker–0.06%$3.1m300,000–new
L&F ACQUISITION CORP no ticker–0.06%$3.1m308,648+8.9%added
TAILWIND ACQUISITION CORP no ticker–0.06%$3.0m300,000–new
QELL ACQUISITION CORP no ticker–0.06%$3.0m300,000–new
KHOSLA VENTURES ACQUSTN CO I no ticker–0.06%$3.0m300,0000.0%held
CATALYST PARTNRS ACQUISITN C no ticker–0.05%$2.5m250,000–new
EG ACQUISITION CORP no ticker–0.05%$2.5m250,000–new
D8 HOLDINGS CORP no ticker–0.05%$2.5m250,000–new
AUSTERLITZ ACQUISITION CORP no ticker–0.05%$2.5m250,000–new
NAVSIGHT HLDGS INC no ticker–0.05%$2.4m245,000–new
NEBULA CARAVEL ACQUISITION C no ticker–0.04%$2.0m200,000–new
KISMET ACQUISITION ONE CORP no ticker–0.04%$2.0m200,000–new
VCVC 10X CAPITAL VENTURE ACQU COR–0.04%$2.0m196,800–new

Exited since Q1 2021

10 rows
WARBURG PINCUS CAPTAL CORP I no ticker0.2%$8.5m
SLAM CORP no ticker0.1%$6.0m
KKR ACQUISITION HOLDING I CO no ticker0.1%$6.0m
ALTIMAR ACQUISITION CORP II no ticker0.1%$5.1m
CHURCHILL CAP CORP II no ticker0.1%$5.0m
FOREST ROAD ACQUISITION COR no ticker0.1%$5.0m
LEAD EDGE GROWTH OPRTUNTS LT no ticker0.07%$3.5m
MISSION ADVANCEMENT CORP no ticker0.07%$3.5m
ROSS ACQUISITION CORP II no ticker0.06%$3.0m
PLUM ACQUISITION CORP I no ticker0.06%$3.0m

Sector mix

  • Technology35.1%
  • Unclassified18.4%
  • Healthcare14.8%
  • Industrials9.2%
  • Basic Materials8.4%
  • Consumer Cyclical7.1%
  • Financial Services7.1%

Book over time

Every quarter on file (61)
QuarterPositionsEquity book
Q2 202621$4.5bn
Q1 202623$4.6bn
Q4 202522$5.3bn
Q3 202520$5.3bn
Q2 202524$5.8bn
Q1 202522$5.5bn
Q4 202421$5.5bn
Q3 202418$4.7bn
Q2 202419$4.3bn
Q1 202421$4.8bn
Q4 202325$4.8bn
Q3 202324$3.9bn
Q2 202347$4.6bn
Q1 2023104$5.0bn
Q4 2022147$5.2bn
Q3 2022176$4.5bn
Q2 2022182$5.5bn
Q1 2022169$7.5bn
Q4 2021135$7.2bn
Q3 202158$5.5bn
Q2 202162$5.1bn
Q1 202137$4.7bn
Q4 202018$3.9bn
Q3 202018$3.4bn
Q2 202017$2.8bn
Q1 202016$2.5bn
Q4 201914$3.4bn
Q3 201914$3.0bn
Q2 201918$3.3bn
Q1 201918$4.1bn
Q4 201814$3.2bn
Q3 201814$3.9bn
Q2 201816$4.0bn
Q1 201815$4.5bn
Q4 201718$4.1bn
Q3 201723$3.7bn
Q2 201721$3.4bn
Q1 201720$3.3bn
Q4 201622$3.4bn
Q3 201622$3.2bn
Q2 201620$2.4bn
Q1 201617$2.4bn
Q4 201521$2.6bn
Q3 201526$2.9bn
Q2 201531$3.1bn
Q1 201525$3.2bn
Q4 201427$3.2bn
Q3 201428$2.5bn
Q2 201428$2.1bn
Q1 201423$1.5bn
Q4 201322$1.7bn
Q3 201324$1.2bn
Q2 201324$1.2bn
Q1 201320$937m
Q4 201219$709m
Q3 201217$651m
Q2 201216$554m
Q1 201218$514m
Q4 201120$371m
Q3 201117$230m
Q2 201113$160m

Where Starboard Value LP was early

34 rows
PRGS PROGRESS SOFTWARE CORPQ3 20111 of 875.7%17.3%9Exited by Q4 2013+47%
IWM ISHARES TRQ3 201112 of 2333.5%7.2%22Exited by Q1 2026+283%
IWN ISHARES TRQ4 20113 of 6411.1%15.7%39Exited by Q4 2024+154%
PRSU VIAD CORPQ1 20122 of 890.5%4.1%4Exited by Q1 2013+40%
FOE FERRO CORPQ1 20131 of 623.1%3.1%2Exited by Q3 2013+3.0%
SFD SMITHFIELD FOODS INCQ1 20133 of 901.1%5.0%2Exited by Q3 2013+24%
NVDA NVIDIA CORPQ1 20135 of 3973.3%5.0%4Exited by Q1 2014+25%
CW CURTISS WRIGHT CORPQ3 20132 of 1361.5%4.2%13Exited by Q4 2016+94%
LXU LSB INDS INCQ4 20131 of 892.0%2.7%8Exited by Q4 2015−63%
DRI DARDEN RESTAURANTS INCQ4 20132 of 14123.0%28.4%11Exited by Q3 2016+30%
ENR ENERGIZER HLDGS INCQ3 20143 of 971.9%1.9%2Exited by Q1 2015+4.3%
NSP INSPERITY INCQ4 20142 of 1001.2%7.2%11Exited by Q3 2017+110%
CLH CLEAN HARBORS INCQ4 20143 of 1282.0%2.0%2Exited by Q2 2015+18%
BCO BRINKS COQ1 20153 of 1081.8%6.4%13Exited by Q2 2018+158%
SGI TEMPUR SEALY INTL INCQ1 20159 of 1911.2%1.2%2Exited by Q3 2015+14%
ACM AECOMQ2 20158 of 1430.8%11.4%25Exited by Q3 2024+166%
M MACYS INCQ2 201513 of 1776.4%7.2%7Exited by Q1 2017−47%
BAX BAXTER INTL INCQ3 201513 of 1461.4%4.4%14Exited by Q1 2019+100%
AAP ADVANCE AUTO PARTS INCQ3 201516 of 17911.1%18.9%22Exited by Q1 2021−17%
FCPT FOUR CORNERS PPTY TR INCQ4 20153 of 763.6%3.6%3Exited by Q3 2016−15%
STC STEWART INFORMATION SVCS CORQ3 20165 of 913.2%3.2%6Exited by Q1 2018−4.8%
HPE HEWLETT PACKARD ENTERPRISE CQ3 201619 of 2193.9%5.1%5Exited by Q4 2017+11%
FTNT FORTINET INCQ1 201710 of 1624.9%4.9%4Exited by Q1 2018+14%
MAC MACERICH COQ3 20176 of 1100.7%3.0%4Exited by Q3 2018+3.4%
CARS CARS COM INCQ4 201711 of 1253.2%4.5%7Exited by Q3 2019−32%
RPM RPM INTL INCQ2 20184 of 1090.9%2.0%6Exited by Q4 2019+18%
IWR ISHARES TRQ1 20191 of 351.7%2.3%17Exited by Q3 2024+50%
BOX BOX INCQ3 201913 of 1503.9%6.7%9Exited by Q4 2021+43%
GEN GEN DIGITAL INCQ4 20193 of 14519.7%20.3%26Exited by Q2 2026−26%
CTVA CORTEVA INCQ3 202011 of 16510.0%14.2%8Exited by Q3 2022+88%
ON ON SEMICONDUCTOR CORPQ4 202020 of 2447.5%7.6%10Exited by Q2 2023+152%
ENOV ENOVIS CORPORATIONQ1 20221 of 1032.2%2.2%5Exited by Q2 2023−22%
VRT VERTIV HOLDINGS COQ4 202221 of 2534.4%8.5%5Exited by Q1 2024+252%
FTRE FORTREA HLDGS INCQ4 20239 of 1135.5%5.5%7Exited by Q3 2025−86%

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