WhaleCreep

Starboard Value LP 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-11

Starboard Value LP disclosed 47 US equity positions worth $4.6bn in its Q2 2023 13F filing. Its largest position is GDDY at 16.3% of the reported book, followed by SPLKCHF and CRM. Versus Q1 2023 it opened 5 new positions, added to 3, reduced 9 and exited 62.

$4.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
47
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.3%
Largest position
The largest single position as a share of the reported equity book.
81.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
12
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 2023: 5 new, 3 added, 9 reduced, 62 exited

47 rows
GDDY GODADDY INCTechnology16.3%$754m10.04m−0.2%held
SPLKCHF SPLUNK INC–9.3%$432m4.07m−11%reduced
CRM SALESFORCE INCTechnology9.2%$424m2.01m−21%reduced
HUM HUMANA INCHealthcare8.5%$396m885,000+11%added
VRT VERTIV HOLDINGS COIndustrials8.5%$395m15.94m−5.2%reduced
GEN GEN DIGITAL INCTechnology7.6%$351m18.91m0.0%held
ACM AECOMIndustrials6.9%$320m3.78m−30%reduced
WIX WIX COM LTDTechnology6.5%$303m11.29m+19%added
AQN ALGONQUIN POWER & UTILITIESUtilities6.1%$282m34.14m–new
IWN ISHARES TR–2.7%$127m900,0000.0%held
ROG ROGERS CORPTechnology2.7%$125m774,000−25%reduced
WTW WILLIS TOWERS WATSON PLC LTDFinancial Services2.6%$120m508,880−72%reduced
ABCAM PLC no ticker–2.4%$112m4.59m–new
GDOT GREEN DOT CORPFinancial Services2.1%$99.2m5.29m0.0%held
MRCY MERCURY SYS INCIndustrials2.1%$98.1m2.84m−25%reduced
ACTG ACACIA RESH CORPIndustrials1.8%$83.2m20.00m0.0%held
LIVEPERSON INC no ticker–0.5%$21.5m33.40m+11%added
QTWO Q2 HLDGS INCTechnology0.4%$17.2m20.00m–new
RBA RB GLOBAL INCIndustrials0.3%$15.1m251,163–new
PZZA PAPA JOHNS INTL INCConsumer Cyclical0.3%$13.4m182,000−69%reduced
IWR ISHARES TR–0.2%$11.0m150,0000.0%held
LPSN LIVEPERSON INCTechnology0.2%$10.7m2.36m0.0%held
SPRING VALLEY ACQUISTN CORP no ticker–0.2%$9.0m850,0000.0%held
CVLT COMMVAULT SYSTEMS INCTechnology0.2%$8.9m122,000−92%reduced
INVESTCORP INDIA ACQUISTN CO no ticker–0.2%$8.0m750,0000.0%held
KNIGHTSWAN ACQUISITION CORP no ticker–0.2%$7.9m750,0000.0%held
A SPAC II ACQUISITION CORP no ticker–0.2%$7.9m750,0000.0%held
CONSILIUM ACQUISITN CORP I L no ticker–0.1%$6.7m639,2520.0%held
FTAC EMERALD ACQUISITION COR no ticker–0.1%$6.4m620,0000.0%held
GLOBAL BLOCKCHAIN ACQUI CORP no ticker–0.1%$6.3m600,0000.0%held
VAHANNA TECH EDGE ACQSTN I C no ticker–0.1%$5.4m509,3300.0%held
JAGUAR GLOBAL GROWTH CORP I no ticker–0.1%$5.3m500,0000.0%held
HEARTLAND MEDIA ACQUISITION no ticker–0.1%$5.3m500,0000.0%held
ISRAEL ACQUISITIONS CORP no ticker–0.1%$5.2m500,0000.0%held
FUTURETECH II ACQUISITION CO no ticker–0.1%$4.8m450,0000.0%held
ANDRETTI ACQUISITION CORP no ticker–0.1%$4.7m439,2520.0%held
MONTEREY CAP ACQUISITION COR no ticker–0.08%$3.9m375,0000.0%held
AURA FAT PROJS ACQUISITION C no ticker–0.08%$3.7m350,0000.0%held
ALCHEMY INVTS ACQUISITN CORP no ticker–0.08%$3.6m350,000–new
DENALI CAPITAL ACQUISITN COR no ticker–0.07%$3.2m300,0000.0%held
AIMFINITY INVESTMENT CORP I no ticker–0.07%$3.1m300,0000.0%held
M3 BRIGADE ACQUISITION III no ticker–0.05%$2.2m209,7500.0%held
FTAC ZEUS ACQUISITION COR no ticker–0.05%$2.2m210,2500.0%held
AP ACQUISITION CORP no ticker–0.04%$1.9m176,3480.0%held
INFINITE ACQUISITION CORP no ticker–0.04%$1.8m168,2000.0%held
OKLO OKLO INCUtilities0.02%$858k82,3000.0%held
CHENGHE ACQUISITION CO no ticker–0.01%$535k50,0000.0%held

Exited since Q1 2023

62 rows
ENOV ENOVIS CORPORATION0.4%$18.9m
ON ON SEMICONDUCTOR CORP0.3%$16.5m
RBAGBP RITCHIE BROS AUCTIONEERS0.3%$14.1m
KIMBELL TIGER ACQUISITION CO no ticker0.2%$7.9m
HCM ACQUISITION CO no ticker0.2%$7.8m
BANYAN ACQUISITION CORPORATI no ticker0.2%$7.8m
PAPAYA GRWT OPPORTUNITY CORP no ticker0.2%$7.8m
ATLANTIC COASTAL AQSTN CORP no ticker0.2%$7.8m
CLEAN EARTH ACQUISITIONS COR no ticker0.2%$7.7m
AVALON ACQUISITION INC no ticker0.1%$6.7m
BIOPLUS ACQUISITION CORP no ticker0.1%$6.4m
BULLPEN PARLAY ACQUISITION C no ticker0.1%$6.4m
CYXTERA TECHNOLOGIES INC no ticker0.1%$6.3m
LATAMGROWTH SPAC no ticker0.1%$5.8m
CARTICA ACQUISITION CORP no ticker0.1%$5.7m
CRESCERA CAP ACQUISITION COR no ticker0.1%$5.4m
NUBIA BRAND INTERNATIONAL CO no ticker0.1%$5.3m
SOUND POINT ACQUISITION CORP no ticker0.1%$5.3m
VALUENCE MERGER CORP I no ticker0.1%$5.3m
LIBERTY RES ACQUISITION CORP no ticker0.1%$5.2m
ARTEMIS STRATEGIC INVT CORP no ticker0.1%$5.2m
GOGREEN INVESTMENTS CORP no ticker0.1%$5.1m
EVERGREEN CORPORATION no ticker0.10%$5.0m
SHUAA PARTNERS ACQUISTN CORP no ticker0.09%$4.7m
INDUSTRIAL TECH ACQSTNS II I no ticker0.09%$4.6m
FORTUNE RISE ACQUISITION COR no ticker0.09%$4.6m
BATTERY FUTURE ACQUISITION C no ticker0.09%$4.6m
PEARL HOLDINGS ACQUISITN COR no ticker0.09%$4.6m
SCULPTOR ACQUISITION CORP I no ticker0.09%$4.6m
EVE MOBILITY ACQUISITION COR no ticker0.09%$4.6m
HEALTHCARE AI ACQUISITION CO no ticker0.09%$4.6m
C5 ACQUISITION CORPORATION no ticker0.09%$4.6m
SOUTHPORT ACQUISITION CORP no ticker0.09%$4.6m
VISION SENSING ACQUISITION C no ticker0.09%$4.6m
INTEGRATED WELLNESS ACQ CORP no ticker0.09%$4.4m
CAPITALWORKS EMNG MKTS ACQST no ticker0.09%$4.4m
JUNIPER II CORP no ticker0.09%$4.4m
LIV CAPITAL ACQUISITN CORP I no ticker0.08%$4.2m
EONR EON RESOURCES INC0.08%$4.2m
DUET ACQUISITION CORP no ticker0.08%$4.1m
KHOSLA VENTURES ACQUT CO III no ticker0.08%$4.1m
SHOULDERUP TECHNOLOGY ACQUIS no ticker0.08%$3.8m
FEUTUNE LIGHT ACQUISITION CO no ticker0.06%$3.1m
AHREN ACQUISITION CORP no ticker0.06%$3.1m
PEGASUS DIGITAL MOBILITY ACQ no ticker0.05%$2.6m
BLACK MOUNTAIN ACQ CORP no ticker0.05%$2.4m
CACTUS ACQUISITION CORP 1 LT no ticker0.05%$2.4m
CF ACQUISITION CORP VII no ticker0.05%$2.3m
GREEN VISOR FIN TEC ACQ CORP no ticker0.04%$2.2m
NABORS ENERGY TRANSITION COR no ticker0.04%$2.2m

Sector mix

  • Technology43.1%
  • Industrials19.7%
  • Unclassified17.5%
  • Healthcare8.5%
  • Utilities6.1%
  • Financial Services4.7%
  • Consumer Cyclical0.3%

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