WhaleCreep

Starboard Value LP 13F holdings, Q1 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-03-31, filed 2022-05-13

Starboard Value LP disclosed 169 US equity positions worth $7.5bn in its Q1 2022 13F filing. Its largest position is GDDY at 9.2% of the reported book, followed by HUN and ACM. Versus Q4 2021 it opened 90 new positions, added to 7, reduced 66 and exited 56.

$7.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
169
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.
60.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
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 2021: 90 new, 7 added, 66 reduced, 56 exited

50 of 169
GDDY GODADDY INCTechnology9.2%$691m8.25m+21%added
HUN HUNTSMAN CORPBasic Materials8.2%$620m16.52m−8.4%reduced
ACM AECOMIndustrials7.2%$545m7.10m−1.9%reduced
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services6.7%$506m2.14m+1.9%added
GEN GEN DIGITAL INCTechnology5.9%$443m16.70m0.0%held
HUM HUMANA INCHealthcare5.6%$421m968,200–new
ON ON SEMICONDUCTOR CORPTechnology5.5%$414m6.62m−13%reduced
CTVA CORTEVA INCBasic Materials4.6%$345m6.00m−33%reduced
PZZA PAPA JOHNS INTL INCConsumer Cyclical3.9%$291m2.76m0.0%held
IWM ISHARES TR–3.6%$270m1.31m−5.1%reduced
CVLT COMMVAULT SYSTEMS INCTechnology3.4%$255m3.84m−11%reduced
CYXTERA TECHNOLOGIES INC no ticker–3.4%$254m20.77m+26%added
MRCY MERCURY SYS INCIndustrials3.1%$231m3.58m–new
CERNCHF CERNER CORP–2.8%$211m2.26m−34%reduced
GCPEUR GCP APPLIED TECHNOLOGIES INC–2.7%$205m6.54m0.0%held
KSS KOHLS CORPConsumer Cyclical2.7%$201m3.33m–new
ACIW ACI WORLDWIDE INCTechnology2.6%$197m6.24m−31%reduced
ELAN ELANCO ANIMAL HEALTH INCHealthcare2.4%$180m6.90m−10%reduced
ENOV ENOVIS CORPORATIONHealthcare2.2%$163m4.11m–new
LPSN LIVEPERSON INCTechnology2.1%$156m6.41m–new
GDOT GREEN DOT CORPFinancial Services1.9%$145m5.29m0.0%held
MD PEDIATRIX MEDICAL GROUP INCHealthcare1.8%$139m5.92m0.0%held
MMSI MERIT MED SYS INCHealthcare0.8%$57.7m867,638−33%reduced
EHTH EHEALTH INCFinancial Services0.4%$27.8m2.24m+9.5%added
E MERGE TECNOLOGY ACQUISITI no ticker–0.2%$14.3m1.45m–new
INTEGRATED RAIL AND RES ACQ no ticker–0.1%$9.3m937,845–new
CLEAN EARTH ACQUISITIONS COR no ticker–0.10%$7.5m750,000–new
KIMBELL TIGER ACQUISITION CO no ticker–0.10%$7.5m750,000–new
HCM ACQUISITION CO no ticker–0.10%$7.5m750,000–new
BANYAN ACQUISITION CORPORATI no ticker–0.10%$7.4m750,000–new
KNIGHTSWAN ACQUISITION CORP no ticker–0.10%$7.4m750,000–new
PAPAYA GRWT OPPORTUNITY CORP no ticker–0.10%$7.4m750,000–new
ATLANTIC COASTAL AQSTN CORP no ticker–0.10%$7.4m750,000–new
ONYX ACQUISITION CO I no ticker–0.09%$6.7m672,800−13%reduced
WARBURG PINCUS CAPTAL CORP I no ticker–0.09%$6.6m676,820−16%reduced
BURTECH ACQUISITION CORP no ticker–0.09%$6.5m661,307–new
MCLAREN TECHNOLOGY ACQ CORP no ticker–0.08%$6.4m640,936−12%reduced
AVALON ACQUISITION INC no ticker–0.08%$6.4m640,549−12%reduced
MOUNT RAINIER ACQUISITION CO no ticker–0.08%$6.4m637,964–new
SPINDLETOP HEALTH ACQUISITIO no ticker–0.08%$6.3m636,861−12%reduced
CONSILIUM ACQUISITN CORP I L no ticker–0.08%$6.2m639,252–new
DIGITAL HEALTH ACQUISITION C no ticker–0.08%$6.2m617,219–new
BIOPLUS ACQUISITION CORP no ticker–0.08%$6.1m617,220–new
BULLPEN PARLAY ACQUISITION C no ticker–0.08%$6.1m617,219–new
INDUSTRIAL HUMAN CAPITAL INC no ticker–0.08%$6.0m594,636−12%reduced
SIZZLE ACQUISITION CORP no ticker–0.08%$5.9m596,848–new
ROSE HILL ACQUISITION CORP no ticker–0.08%$5.9m588,318−13%reduced
LATAMGROWTH SPAC no ticker–0.07%$5.5m550,000–new
CARTICA ACQUISITION CORP no ticker–0.07%$5.4m539,252–new
NEWCOURT ACQUISITION CORP no ticker–0.07%$5.2m516,222−12%reduced

Exited since Q4 2021

56 rows
MGLNUSD MAGELLAN HEALTH INC3.1%$225m
COLFAX CORP no ticker2.5%$180m
INTEGRATED RAIL AND RES ACQ no ticker0.1%$10.7m
BURTECH ACQUISITION CORP no ticker0.1%$7.5m
MOUNT RAINIER ACQUISITION CO no ticker0.1%$7.4m
DIGITAL HEALTH ACQUISITION C no ticker0.10%$7.2m
BULLPEN PARLAY ACQUISITION C no ticker0.10%$7.0m
BIOPLUS ACQUISITION CORP no ticker0.10%$7.0m
SIZZLE ACQUISITION CORP no ticker0.10%$6.9m
TREBIA ACQUISITION CORP no ticker0.09%$6.8m
CRESCERA CAP ACQUISITION COR no ticker0.08%$5.9m
VAHANNA TECH EDGE ACQSTN I C no ticker0.08%$5.8m
LIBERTY RES ACQUISITION CORP no ticker0.08%$5.8m
ENERGEM CORP no ticker0.08%$5.8m
MOUNTAIN & CO I ACQUISITN CO no ticker0.07%$5.1m
INVESTCORP EUROPE ACQUISITIO no ticker0.07%$5.0m
GENESIS GRWT TECH ACQUSTN CO no ticker0.07%$5.0m
EMERGING MARKETS HORIZON COR no ticker0.07%$5.0m
EVE MOBILITY ACQUISITION COR no ticker0.07%$5.0m
HEALTHCARE AI ACQUISITION CO no ticker0.07%$5.0m
SCULPTOR ACQUISITION CORP I no ticker0.07%$5.0m
SOUTHPORT ACQUISITION CORP no ticker0.07%$5.0m
BATTERY FUTURE ACQUISITION C no ticker0.07%$5.0m
PEARL HOLDINGS ACQUISITN COR no ticker0.07%$5.0m
SEMPER PARATUS ACQUISITION C no ticker0.07%$4.8m
OMNILIT ACQUISITION CORP no ticker0.07%$4.8m
CAPITALWORKS EMNG MKTS ACQST no ticker0.07%$4.8m
SPARTAN ACQUISITION CORP III no ticker0.07%$4.8m
TALON 1 ACQUISITION CORP no ticker0.07%$4.7m
INTEGRATED WELLNESS ACQ CORP no ticker0.06%$4.5m
AETHERIUM ACQUISITION CORP no ticker0.06%$4.5m
INFINT ACQUISITION CORP no ticker0.06%$4.4m
SHOULDERUP TECHNOLOGY ACQUIS no ticker0.06%$4.2m
APX ACQUISITION CORP I no ticker0.06%$4.0m
ATLANTIC COASTAL ACQUISTN CO no ticker0.05%$3.7m
ALSP ORCHID ACQUISITION CORP no ticker0.05%$3.7m
INNOVATIVE INTL ACQUSITIN CO no ticker0.05%$3.6m
APEIRON CAPITAL INVEST CORP no ticker0.05%$3.4m
AHREN ACQUISITION CORP no ticker0.05%$3.4m
MOTIVE CAPITAL CORP no ticker0.04%$3.0m
CF ACQUISITION CORP VII no ticker0.04%$2.5m
GREEN VISOR FIN TEC ACQ CORP no ticker0.03%$2.5m
NABORS ENERGY TRANSITION COR no ticker0.03%$2.4m
HUNT COMPANIES ACQUISITIO no ticker0.03%$2.4m
FTAC ZEUS ACQUISITION COR no ticker0.03%$2.4m
CACTUS ACQUISITION CORP 1 LT no ticker0.03%$2.3m
ASCENDANT DIGITAL ACQ CORP I no ticker0.03%$2.1m
AP ACQUISITION CORP no ticker0.03%$2.0m
VMG CONSUMER ACQUISITION COR no ticker0.03%$2.0m
INFINITE ACQUISITION CORP no ticker0.03%$1.9m

Sector mix

  • Technology28.6%
  • Unclassified20.1%
  • Basic Materials12.8%
  • Healthcare12.7%
  • Industrials10.3%
  • Financial Services9.0%
  • Consumer Cyclical6.5%
  • Utilities0.01%

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