WhaleCreep

Starboard Value LP 13F holdings, Q4 2022

Hedge fundSEC filingsCompare with another fundHoldings as of 2022-12-31, filed 2023-02-14

Starboard Value LP disclosed 147 US equity positions worth $5.2bn in its Q4 2022 13F filing. Its largest position is GDDY at 14.7% of the reported book, followed by ACM and WTW. Versus Q3 2022 it opened 6 new positions, added to 3, reduced 8 and exited 35.

$5.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
147
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.7%
Largest position
The largest single position as a share of the reported equity book.
73.6%
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 Q3 2022: 6 new, 3 added, 8 reduced, 35 exited

50 of 147
GDDY GODADDY INCTechnology14.7%$766m10.23m+24%added
ACM AECOMIndustrials11.4%$592m6.97m0.0%held
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services9.0%$471m1.93m−14%reduced
GEN GEN DIGITAL INCTechnology7.8%$405m18.91m−1.5%reduced
CRM SALESFORCE INCTechnology7.7%$401m3.03m–new
HUM HUMANA INCHealthcare7.6%$397m775,000−19%reduced
VRT VERTIV HOLDINGS COIndustrials4.4%$231m16.90m–new
PZZA PAPA JOHNS INTL INCConsumer Cyclical4.4%$227m2.76m0.0%held
WIX WIX COM LTDTechnology3.4%$178m2.32m−9.6%reduced
MRCY MERCURY SYS INCIndustrials3.2%$169m3.77m0.0%held
SPLKCHF SPLUNK INC–3.1%$161m1.87m–new
IWN ISHARES TR–2.4%$125m900,000+50%added
CVLT COMMVAULT SYSTEMS INCTechnology1.9%$97.2m1.55m−58%reduced
IWM ISHARES TR–1.7%$90.6m519,380+63%added
GDOT GREEN DOT CORPFinancial Services1.6%$83.8m5.29m0.0%held
MD PEDIATRIX MEDICAL GROUP INCHealthcare1.6%$81.3m5.47m−7.5%reduced
LPSN LIVEPERSON INCTechnology1.4%$71.0m7.00m0.0%held
ON ON SEMICONDUCTOR CORPTechnology1.1%$59.3m950,000−61%reduced
CYXTERA TECHNOLOGIES INC no ticker–0.8%$39.9m20.77m0.0%held
ACTG ACACIA RESH CORPIndustrials0.4%$21.1m5.00m–new
ENOV ENOVIS CORPORATIONHealthcare0.4%$18.9m353,165−39%reduced
IWR ISHARES TR–0.2%$10.1m150,000–new
INTEGRATED RAIL AND RES ACQ no ticker–0.2%$9.7m937,8450.0%held
SPRING VALLEY ACQUISTN CORP no ticker–0.2%$8.6m850,000–new
INVESTCORP INDIA ACQUISTN CO no ticker–0.1%$7.8m750,0000.0%held
KIMBELL TIGER ACQUISITION CO no ticker–0.1%$7.7m750,0000.0%held
HCM ACQUISITION CO no ticker–0.1%$7.7m750,0000.0%held
A SPAC II ACQUISITION CORP no ticker–0.1%$7.7m750,0000.0%held
PAPAYA GRWT OPPORTUNITY CORP no ticker–0.1%$7.7m750,0000.0%held
BANYAN ACQUISITION CORPORATI no ticker–0.1%$7.7m750,0000.0%held
ATLANTIC COASTAL AQSTN CORP no ticker–0.1%$7.6m750,0000.0%held
KNIGHTSWAN ACQUISITION CORP no ticker–0.1%$7.6m750,0000.0%held
CLEAN EARTH ACQUISITIONS COR no ticker–0.1%$7.6m750,0000.0%held
FAST ACQUISITION CORP II no ticker–0.1%$7.5m750,0000.0%held
ONYX ACQUISITION CO I no ticker–0.1%$6.9m672,8000.0%held
WARBURG PINCUS CAPTAL CORP I no ticker–0.1%$6.8m676,8200.0%held
BURTECH ACQUISITION CORP no ticker–0.1%$6.7m661,3070.0%held
AVALON ACQUISITION INC no ticker–0.1%$6.6m640,5490.0%held
MCLAREN TECHNOLOGY ACQ CORP no ticker–0.1%$6.5m640,9360.0%held
CONSILIUM ACQUISITN CORP I L no ticker–0.1%$6.5m639,2520.0%held
BULLPEN PARLAY ACQUISITION C no ticker–0.1%$6.3m617,2190.0%held
BIOPLUS ACQUISITION CORP no ticker–0.1%$6.3m617,2200.0%held
ATLANTIC COASTAL ACQUISTN CO no ticker–0.1%$6.2m622,2430.0%held
FTAC EMERALD ACQUISITION COR no ticker–0.1%$6.2m620,0000.0%held
METAL SKY STAR ACQUISITION C no ticker–0.1%$6.1m600,0000.0%held
SIZZLE ACQUISITION CORP no ticker–0.1%$6.1m596,8480.0%held
GLOBAL BLOCKCHAIN ACQUI CORP no ticker–0.1%$6.1m600,0000.0%held
LATAMGROWTH SPAC no ticker–0.1%$5.7m550,0000.0%held
CARTICA ACQUISITION CORP no ticker–0.1%$5.6m539,2520.0%held
LEGATO MERGER CORP II no ticker–0.1%$5.4m525,0570.0%held

Exited since Q3 2022

35 rows
HUN HUNTSMAN CORP2.8%$126m
ACIW ACI WORLDWIDE INC0.6%$25.4m
EHTH EHEALTH INC0.2%$8.6m
DIGITAL HEALTH ACQUISITION C no ticker0.2%$6.8m
MOUNT RAINIER ACQUISITION CO no ticker0.1%$6.4m
SPINDLETOP HEALTH ACQUISITIO no ticker0.1%$6.4m
INDUSTRIAL HUMAN CAPITAL INC no ticker0.1%$6.0m
ROSE HILL ACQUISITION CORP no ticker0.1%$6.0m
JOFF FINTECH ACQUISITION COR no ticker0.1%$5.4m
NEWCOURT ACQUISITION CORP no ticker0.1%$5.2m
ENERGEM CORP no ticker0.1%$5.1m
ATHENA CONSUMER ACQ CORP no ticker0.1%$5.1m
ALTIMETER GROWTH CORP 2 no ticker0.1%$5.0m
ORION ACQUISITION CORP no ticker0.1%$4.9m
LONGVIEW ACQUISITION CORP II no ticker0.1%$4.9m
KKR ACQUISITION HOLDING I CO no ticker0.1%$4.7m
10X CAPITAL VENTURE ACQ III no ticker0.10%$4.4m
BOA ACQUISITION CORP no ticker0.09%$4.3m
OMNILIT ACQUISITION CORP no ticker0.09%$4.2m
CENAQ ENERGY CORP no ticker0.09%$4.2m
ACHARI VENTURES HLDGS CORP I no ticker0.09%$4.2m
AUSTERLITZ ACQUISITION CORP no ticker0.09%$4.2m
PARSEC CAPITAL ACQUISITION no ticker0.08%$3.6m
MISSION ADVANCEMENT CORP no ticker0.07%$3.1m
MEDTECH ACQUISITION CORP no ticker0.07%$3.0m
DATA KNIGHTS ACQUISITION COR no ticker0.07%$3.0m
APEIRON CAPITAL INVEST CORP no ticker0.06%$3.0m
FORTRESS VALUE ACQUIS CORP I no ticker0.06%$2.8m
CARNEY TECHNOLOGY ACQU CORP no ticker0.06%$2.7m
SANABY HEALTH ACQUISITION CO no ticker0.06%$2.5m
HUNT COMPANIES ACQUISITIO no ticker0.05%$2.1m
SOAR TECHNOLOGY ACQUISN CORP no ticker0.04%$1.7m
PARABELLUM ACQUISITION CORP no ticker0.03%$1.2m
PHOENIX BIOTECH ACQUISITION no ticker0.0%$215k
ARBOR RAPHA CAP BIOHLDS CORP no ticker0.0%$212k

Sector mix

  • Technology37.9%
  • Industrials19.4%
  • Unclassified18.1%
  • Financial Services10.6%
  • Healthcare9.5%
  • Consumer Cyclical4.4%
  • 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