WhaleCreep

Starboard Value LP 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-17

Starboard Value LP disclosed 104 US equity positions worth $5.0bn in its Q1 2023 13F filing. Its largest position is GDDY at 15.7% of the reported book, followed by CRM and ACM. Versus Q4 2022 it opened 5 new positions, added to 5, reduced 7 and exited 48.

$5.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
104
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.7%
Largest position
The largest single position as a share of the reported equity book.
79.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 2022: 5 new, 5 added, 7 reduced, 48 exited

50 of 104
GDDY GODADDY INCTechnology15.7%$782m10.06m−1.7%reduced
CRM SALESFORCE INCTechnology10.1%$506m2.53m−16%reduced
ACM AECOMIndustrials9.1%$454m5.39m−23%reduced
SPLKCHF SPLUNK INC–8.8%$439m4.58m+145%added
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services8.5%$423m1.82m−5.5%reduced
HUM HUMANA INCHealthcare7.8%$388m800,000+3.2%added
GEN GEN DIGITAL INCTechnology6.5%$325m18.91m0.0%held
VRT VERTIV HOLDINGS COIndustrials4.8%$241m16.82m−0.5%held
WIX WIX COM LTDTechnology4.1%$203m9.47m+308%added
MRCY MERCURY SYS INCIndustrials3.9%$193m3.77m0.0%held
ROG ROGERS CORPTechnology3.4%$168m1.03m–new
IWN ISHARES TR–2.5%$123m900,0000.0%held
GDOT GREEN DOT CORPFinancial Services1.8%$91.0m5.29m0.0%held
CVLT COMMVAULT SYSTEMS INCTechnology1.8%$90.1m1.59m+2.8%added
ACTG ACACIA RESH CORPIndustrials1.5%$77.2m20.00m+300%added
PZZA PAPA JOHNS INTL INCConsumer Cyclical0.9%$43.6m582,432−79%reduced
ENOV ENOVIS CORPORATIONHealthcare0.4%$18.9m353,1650.0%held
LIVEPERSON INC no ticker–0.4%$18.1m30.00m–new
ON ON SEMICONDUCTOR CORPTechnology0.3%$16.5m200,000−79%reduced
RBAGBP RITCHIE BROS AUCTIONEERS–0.3%$14.1m251,163–new
IWR ISHARES TR–0.2%$10.5m150,0000.0%held
LPSN LIVEPERSON INCTechnology0.2%$10.4m2.36m−66%reduced
SPRING VALLEY ACQUISTN CORP no ticker–0.2%$8.8m850,0000.0%held
KIMBELL TIGER ACQUISITION CO no ticker–0.2%$7.9m750,0000.0%held
INVESTCORP INDIA ACQUISTN CO no ticker–0.2%$7.9m750,0000.0%held
HCM ACQUISITION CO no ticker–0.2%$7.8m750,0000.0%held
KNIGHTSWAN ACQUISITION CORP no ticker–0.2%$7.8m750,0000.0%held
BANYAN ACQUISITION CORPORATI no ticker–0.2%$7.8m750,0000.0%held
PAPAYA GRWT OPPORTUNITY CORP no ticker–0.2%$7.8m750,0000.0%held
A SPAC II ACQUISITION CORP no ticker–0.2%$7.8m750,0000.0%held
ATLANTIC COASTAL AQSTN CORP no ticker–0.2%$7.8m750,0000.0%held
CLEAN EARTH ACQUISITIONS COR no ticker–0.2%$7.7m750,0000.0%held
AVALON ACQUISITION INC no ticker–0.1%$6.7m640,5490.0%held
CONSILIUM ACQUISITN CORP I L no ticker–0.1%$6.6m639,2520.0%held
BIOPLUS ACQUISITION CORP no ticker–0.1%$6.4m617,2200.0%held
BULLPEN PARLAY ACQUISITION C no ticker–0.1%$6.4m617,2190.0%held
CYXTERA TECHNOLOGIES INC no ticker–0.1%$6.3m20.77m0.0%held
FTAC EMERALD ACQUISITION COR no ticker–0.1%$6.3m620,0000.0%held
GLOBAL BLOCKCHAIN ACQUI CORP no ticker–0.1%$6.2m600,0000.0%held
LATAMGROWTH SPAC no ticker–0.1%$5.8m550,0000.0%held
CARTICA ACQUISITION CORP no ticker–0.1%$5.7m539,2520.0%held
CRESCERA CAP ACQUISITION COR no ticker–0.1%$5.4m512,7480.0%held
VAHANNA TECH EDGE ACQSTN I C no ticker–0.1%$5.3m509,3300.0%held
NUBIA BRAND INTERNATIONAL CO no ticker–0.1%$5.3m500,0000.0%held
SOUND POINT ACQUISITION CORP no ticker–0.1%$5.3m500,0000.0%held
VALUENCE MERGER CORP I no ticker–0.1%$5.3m500,0000.0%held
LIBERTY RES ACQUISITION CORP no ticker–0.1%$5.2m498,4060.0%held
HEARTLAND MEDIA ACQUISITION no ticker–0.1%$5.2m500,0000.0%held
JAGUAR GLOBAL GROWTH CORP I no ticker–0.1%$5.2m500,0000.0%held
ARTEMIS STRATEGIC INVT CORP no ticker–0.1%$5.2m500,0000.0%held

Exited since Q4 2022

48 rows
IWM ISHARES TR1.7%$90.6m
MD PEDIATRIX MEDICAL GROUP INC1.6%$81.3m
INTEGRATED RAIL AND RES ACQ no ticker0.2%$9.7m
FAST ACQUISITION CORP II no ticker0.1%$7.5m
ONYX ACQUISITION CO I no ticker0.1%$6.9m
WARBURG PINCUS CAPTAL CORP I no ticker0.1%$6.8m
BURTECH ACQUISITION CORP no ticker0.1%$6.7m
MCLAREN TECHNOLOGY ACQ CORP no ticker0.1%$6.5m
ATLANTIC COASTAL ACQUISTN CO no ticker0.1%$6.2m
METAL SKY STAR ACQUISITION C no ticker0.1%$6.1m
SIZZLE ACQUISITION CORP no ticker0.1%$6.1m
LEGATO MERGER CORP II no ticker0.1%$5.4m
INFINT ACQUISITION CORP no ticker0.10%$5.2m
INVESTCORP EUROPE ACQUISITIO no ticker0.10%$5.2m
DIRECT SELLING ACQUISITIN CO no ticker0.10%$5.1m
DRAGONEER GROWTH OPT CORP II no ticker0.10%$5.1m
SLAM CORP no ticker0.09%$4.9m
LEAD EDGE GROWTH OPRTUNTS LT no ticker0.09%$4.8m
AETHERIUM ACQUISITION CORP no ticker0.09%$4.7m
TECHNOLOGY & TELECOM ACQ COR no ticker0.09%$4.7m
GENESIS GRWT TECH ACQUSTN CO no ticker0.09%$4.6m
MOUNTAIN & CO I ACQUISITN CO no ticker0.09%$4.6m
THRIVE ACQUISITION CORPORATI no ticker0.09%$4.5m
SEMPER PARATUS ACQUISITION C no ticker0.08%$4.3m
TALON 1 ACQUISITION CORP no ticker0.08%$4.2m
FOREST ROAD ACQUISITION COR no ticker0.08%$4.0m
ROSS ACQUISITION CORP II no ticker0.07%$3.7m
APX ACQUISITION CORP I no ticker0.07%$3.6m
ESGEN ACQUISITION CORP no ticker0.07%$3.5m
ALSP ORCHID ACQUISITION CORP no ticker0.06%$3.3m
GENESIS UNICORN CAPITAL CORP no ticker0.06%$3.3m
PLUM ACQUISITION CORP I no ticker0.06%$3.2m
INNOVATIVE INTL ACQUSITIN CO no ticker0.06%$3.2m
COUNTER PRESS ACQUISITION CO no ticker0.06%$3.1m
ACRI CAPITAL ACQUISITION COR no ticker0.06%$3.1m
FEUTUNE LIGHT ACQUISITION CO no ticker0.06%$3.1m
A SPAC I ACQUISITION CORP no ticker0.05%$2.5m
FTAC HERA ACQUISITION CORP no ticker0.05%$2.5m
LIONHEART III CORP no ticker0.04%$2.2m
MAXPRO CAPITAL ACQUISITN COR no ticker0.04%$2.2m
CATALYST PARTNRS ACQUISITN C no ticker0.04%$2.0m
HH&L ACQUISITION CO no ticker0.04%$2.0m
ARES ACQUISITION CORPORATION no ticker0.04%$2.0m
ASCENDANT DIGITAL ACQ CORP I no ticker0.04%$1.9m
AESTHER HEALTHCARE ACQSTN CO no ticker0.03%$1.5m
LF CAPITAL ACQUISITION CORP no ticker0.03%$1.4m
INTELLIGENT MEDI ACQSITN COR no ticker0.02%$1.1m
BLOCKCHAIN COINVSTRS ACQ CRP no ticker0.02%$861k

Sector mix

  • Technology42.1%
  • Industrials19.3%
  • Unclassified19.2%
  • Financial Services10.3%
  • Healthcare8.2%
  • Consumer Cyclical0.9%
  • 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