WhaleCreep

Starboard Value LP 13F holdings, Q2 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-06-30, filed 2022-08-12

Starboard Value LP disclosed 182 US equity positions worth $5.5bn in its Q2 2022 13F filing. Its largest position is GDDY at 10.6% of the reported book, followed by ACM and HUM. Versus Q1 2022 it opened 27 new positions, added to 7, reduced 13 and exited 14.

$5.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
182
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.6%
Largest position
The largest single position as a share of the reported equity book.
65.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
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 2022: 27 new, 7 added, 13 reduced, 14 exited

50 of 182
GDDY GODADDY INCTechnology10.6%$583m8.38m+1.5%added
ACM AECOMIndustrials8.3%$458m7.02m−1.0%reduced
HUM HUMANA INCHealthcare8.2%$449m960,000−0.8%reduced
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services8.1%$443m2.25m+4.9%added
GEN GEN DIGITAL INCTechnology7.7%$422m19.20m+15%added
ON ON SEMICONDUCTOR CORPTechnology5.1%$283m5.62m−15%reduced
MRCY MERCURY SYS INCIndustrials4.6%$254m3.94m+10%added
CVLT COMMVAULT SYSTEMS INCTechnology4.4%$239m3.80m−0.9%reduced
HUN HUNTSMAN CORPBasic Materials4.3%$236m8.31m−50%reduced
CYXTERA TECHNOLOGIES INC no ticker–4.3%$236m20.77m0.0%held
PZZA PAPA JOHNS INTL INCConsumer Cyclical4.2%$230m2.76m0.0%held
GCPEUR GCP APPLIED TECHNOLOGIES INC–3.7%$205m6.54m0.0%held
ACIW ACI WORLDWIDE INCTechnology2.4%$135m5.20m−17%reduced
GDOT GREEN DOT CORPFinancial Services2.4%$133m5.29m0.0%held
MD PEDIATRIX MEDICAL GROUP INCHealthcare2.3%$124m5.92m0.0%held
ELAN ELANCO ANIMAL HEALTH INCHealthcare2.0%$113m5.73m−17%reduced
LPSN LIVEPERSON INCTechnology1.8%$99.1m7.00m+9.4%added
CTVA CORTEVA INCBasic Materials1.0%$55.1m1.02m−83%reduced
IWM ISHARES TR–1.0%$53.2m314,380−76%reduced
ENOV ENOVIS CORPORATIONHealthcare0.9%$50.0m908,748−78%reduced
MMSI MERIT MED SYS INCHealthcare0.6%$31.5m579,658−33%reduced
EHTH EHEALTH INCFinancial Services0.4%$20.5m2.20m−2.0%reduced
KSS KOHLS CORPConsumer Cyclical0.3%$19.1m535,029−84%reduced
INTEGRATED RAIL AND RES ACQ no ticker–0.2%$9.3m937,8450.0%held
HCM ACQUISITION CO no ticker–0.1%$7.5m750,0000.0%held
KIMBELL TIGER ACQUISITION CO no ticker–0.1%$7.5m750,0000.0%held
KNIGHTSWAN ACQUISITION CORP no ticker–0.1%$7.5m750,0000.0%held
PAPAYA GRWT OPPORTUNITY CORP no ticker–0.1%$7.5m750,0000.0%held
ATLANTIC COASTAL AQSTN CORP no ticker–0.1%$7.5m750,0000.0%held
BANYAN ACQUISITION CORPORATI no ticker–0.1%$7.5m750,0000.0%held
INVESTCORP INDIA ACQUISTN CO no ticker–0.1%$7.5m750,000–new
CLEAN EARTH ACQUISITIONS COR no ticker–0.1%$7.4m750,000–new
A SPAC II ACQUISITION CORP no ticker–0.1%$7.4m750,000–new
FAST ACQUISITION CORP II no ticker–0.1%$7.3m750,000–new
DIGITAL HEALTH ACQUISITION C no ticker–0.1%$6.8m675,000+9.4%added
ONYX ACQUISITION CO I no ticker–0.1%$6.7m672,8000.0%held
WARBURG PINCUS CAPTAL CORP I no ticker–0.1%$6.6m676,8200.0%held
BURTECH ACQUISITION CORP no ticker–0.1%$6.6m661,3070.0%held
MOUNT RAINIER ACQUISITION CO no ticker–0.1%$6.4m637,9640.0%held
MCLAREN TECHNOLOGY ACQ CORP no ticker–0.1%$6.4m640,9360.0%held
AVALON ACQUISITION INC no ticker–0.1%$6.4m640,5490.0%held
SPINDLETOP HEALTH ACQUISITIO no ticker–0.1%$6.4m636,8610.0%held
CONSILIUM ACQUISITN CORP I L no ticker–0.1%$6.3m639,2520.0%held
BIOPLUS ACQUISITION CORP no ticker–0.1%$6.1m617,2200.0%held
BULLPEN PARLAY ACQUISITION C no ticker–0.1%$6.1m617,2190.0%held
FTAC EMERALD ACQUISITION COR no ticker–0.1%$6.1m620,000–new
INDUSTRIAL HUMAN CAPITAL INC no ticker–0.1%$6.0m594,6360.0%held
SIZZLE ACQUISITION CORP no ticker–0.1%$6.0m596,8480.0%held
METAL SKY STAR ACQUISITION C no ticker–0.1%$5.9m600,000–new
ROSE HILL ACQUISITION CORP no ticker–0.1%$5.9m588,3180.0%held

Exited since Q1 2022

14 rows
CERNCHF CERNER CORP2.8%$211m
E MERGE TECNOLOGY ACQUISITI no ticker0.2%$14.3m
CLEAN EARTH ACQUISITIONS COR no ticker0.10%$7.5m
SOUND POINT ACQUISITION CORP no ticker0.07%$5.0m
JAGUAR GLOBAL GROWTH CORP I no ticker0.07%$5.0m
VALUENCE MERGER CORP I no ticker0.07%$5.0m
NUBIA BRAND INTERNATIONAL CO no ticker0.06%$4.9m
EVERGREEN CORPORATION no ticker0.06%$4.8m
SHUAA PARTNERS ACQUISTN CORP no ticker0.06%$4.5m
FUTURETECH II ACQUISITION CO no ticker0.06%$4.5m
L&F ACQUISITION CORP no ticker0.05%$4.1m
HNR ACQUISITION CORP no ticker0.05%$4.0m
GENESIS UNICORN CAPITAL CORP no ticker0.04%$3.3m
COUNTER PRESS ACQUISITION CO no ticker0.04%$3.0m

Sector mix

  • Technology32.0%
  • Unclassified20.4%
  • Healthcare14.0%
  • Industrials13.0%
  • Financial Services10.9%
  • Basic Materials5.3%
  • Consumer Cyclical4.5%
  • 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