WhaleCreep

Starboard Value LP 13F holdings, Q3 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-09-30, filed 2022-11-14

Starboard Value LP disclosed 176 US equity positions worth $4.5bn in its Q3 2022 13F filing. Its largest position is GDDY at 12.9% of the reported book, followed by ACM and HUM. Versus Q2 2022 it opened 5 new positions, added to 3, reduced 10 and exited 11.

$4.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
176
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.9%
Largest position
The largest single position as a share of the reported equity book.
71.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
15
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 Q2 2022: 5 new, 3 added, 10 reduced, 11 exited

50 of 176
GDDY GODADDY INCTechnology12.9%$585m8.26m−1.4%reduced
ACM AECOMIndustrials10.5%$477m6.97m−0.7%reduced
HUM HUMANA INCHealthcare10.2%$462m953,000−0.7%reduced
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services9.9%$449m2.23m−0.6%reduced
GEN GEN DIGITAL INCTechnology8.5%$387m19.20m0.0%held
WIX WIX COM LTDTechnology4.4%$201m2.57m–new
CVLT COMMVAULT SYSTEMS INCTechnology4.3%$194m3.65m−3.9%reduced
PZZA PAPA JOHNS INTL INCConsumer Cyclical4.2%$193m2.76m0.0%held
MRCY MERCURY SYS INCIndustrials3.4%$153m3.77m−4.3%reduced
ON ON SEMICONDUCTOR CORPTechnology3.4%$153m2.45m−56%reduced
HUN HUNTSMAN CORPBasic Materials2.8%$126m5.13m−38%reduced
GDOT GREEN DOT CORPFinancial Services2.2%$100m5.29m0.0%held
MD PEDIATRIX MEDICAL GROUP INCHealthcare2.1%$97.7m5.92m0.0%held
CYXTERA TECHNOLOGIES INC no ticker–1.9%$84.7m20.77m0.0%held
IWN ISHARES TR–1.7%$77.4m600,000–new
LPSN LIVEPERSON INCTechnology1.5%$66.0m7.00m0.0%held
IWM ISHARES TR–1.2%$52.7m319,380+1.6%added
ENOV ENOVIS CORPORATIONHealthcare0.6%$26.6m578,000−36%reduced
ACIW ACI WORLDWIDE INCTechnology0.6%$25.4m1.21m−77%reduced
INTEGRATED RAIL AND RES ACQ no ticker–0.2%$9.4m937,8450.0%held
EHTH EHEALTH INCFinancial Services0.2%$8.6m2.20m0.0%held
KIMBELL TIGER ACQUISITION CO no ticker–0.2%$7.6m750,0000.0%held
HCM ACQUISITION CO no ticker–0.2%$7.6m750,0000.0%held
INVESTCORP INDIA ACQUISTN CO no ticker–0.2%$7.6m750,0000.0%held
KNIGHTSWAN ACQUISITION CORP no ticker–0.2%$7.5m750,0000.0%held
PAPAYA GRWT OPPORTUNITY CORP no ticker–0.2%$7.5m750,0000.0%held
ATLANTIC COASTAL AQSTN CORP no ticker–0.2%$7.5m750,0000.0%held
BANYAN ACQUISITION CORPORATI no ticker–0.2%$7.5m750,0000.0%held
A SPAC II ACQUISITION CORP no ticker–0.2%$7.5m750,0000.0%held
CLEAN EARTH ACQUISITIONS COR no ticker–0.2%$7.4m750,0000.0%held
FAST ACQUISITION CORP II no ticker–0.2%$7.4m750,0000.0%held
DIGITAL HEALTH ACQUISITION C no ticker–0.2%$6.8m675,0000.0%held
ONYX ACQUISITION CO I no ticker–0.1%$6.8m672,8000.0%held
WARBURG PINCUS CAPTAL CORP I no ticker–0.1%$6.7m676,8200.0%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
AVALON ACQUISITION INC no ticker–0.1%$6.4m640,5490.0%held
MCLAREN TECHNOLOGY ACQ CORP no ticker–0.1%$6.4m640,9360.0%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
BULLPEN PARLAY ACQUISITION C no ticker–0.1%$6.2m617,2190.0%held
BIOPLUS ACQUISITION CORP no ticker–0.1%$6.2m617,2200.0%held
ATLANTIC COASTAL ACQUISTN CO no ticker–0.1%$6.1m622,243+93%added
FTAC EMERALD ACQUISITION COR no ticker–0.1%$6.1m620,0000.0%held
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
ROSE HILL ACQUISITION CORP no ticker–0.1%$6.0m588,3180.0%held
METAL SKY STAR ACQUISITION C no ticker–0.1%$6.0m600,0000.0%held
GLOBAL BLOCKCHAIN ACQUI CORP no ticker–0.1%$5.9m600,0000.0%held
LATAMGROWTH SPAC no ticker–0.1%$5.5m550,0000.0%held

Exited since Q2 2022

11 rows
GCPEUR GCP APPLIED TECHNOLOGIES INC3.7%$205m
ELAN ELANCO ANIMAL HEALTH INC2.0%$113m
CTVA CORTEVA INC1.0%$55.1m
MMSI MERIT MED SYS INC0.6%$31.5m
KSS KOHLS CORP0.3%$19.1m
GIGCAPITAL 5 INC no ticker0.08%$4.6m
MONTEREY CAP ACQUISITION COR no ticker0.07%$3.7m
CC NEUBERGER PRIN HLDGS II no ticker0.06%$3.4m
TAILWIND ACQUISITION CORP no ticker0.06%$3.3m
ACRI CAPITAL ACQUISITION COR no ticker0.05%$3.0m
INVESTCORP INDIA ACQUISTN CO no ticker0.0%$38.0k

Sector mix

  • Technology35.4%
  • Unclassified18.5%
  • Industrials13.9%
  • Healthcare12.9%
  • Financial Services12.3%
  • Consumer Cyclical4.2%
  • Basic Materials2.8%
  • Utilities0.02%

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