WhaleCreep

Starboard Value LP 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-14

Starboard Value LP disclosed 24 US equity positions worth $3.9bn in its Q3 2023 13F filing. Its largest position is GDDY at 19.0% of the reported book, followed by HUM and CRM. Versus Q2 2023 it opened 2 new positions, added to 4, reduced 9 and exited 25.

$3.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
24
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
19.0%
Largest position
The largest single position as a share of the reported equity book.
87.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
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 2023: 2 new, 4 added, 9 reduced, 25 exited

24 rows
GDDY GODADDY INCTechnology19.0%$742m9.96m−0.8%reduced
HUM HUMANA INCHealthcare10.5%$409m841,000−5.0%reduced
CRM SALESFORCE INCTechnology9.0%$351m1.73m−14%reduced
WIX WIX COM LTDTechnology8.9%$348m11.22m−0.6%reduced
AQN ALGONQUIN POWER & UTILITIESUtilities8.9%$346m58.40m+71%added
GEN GEN DIGITAL INCTechnology8.4%$329m18.61m−1.6%reduced
ACM AECOMIndustrials6.1%$240m2.89m−24%reduced
ACTG ACACIA RESH CORPIndustrials5.7%$223m61.12m+206%added
IWN ISHARES TR–5.4%$210m1.55m+72%added
BLMN BLOOMIN BRANDS INCConsumer Cyclical5.3%$205m8.34m–new
VRT VERTIV HOLDINGS COIndustrials3.9%$153m4.12m−74%reduced
MRCY MERCURY SYS INCIndustrials2.2%$85.6m2.31m−19%reduced
GDOT GREEN DOT CORPFinancial Services1.9%$73.7m5.29m0.0%held
ROG ROGERS CORPTechnology1.8%$71.7m545,519−30%reduced
IWR ISHARES TR–0.8%$29.4m425,000+183%added
LIVEPERSON INC no ticker–0.6%$25.3m33.40m0.0%held
QTWO Q2 HLDGS INCTechnology0.4%$17.5m20.00m0.0%held
RBA RB GLOBAL INCIndustrials0.4%$15.7m251,1630.0%held
SPRING VALLEY ACQUISTN CORP no ticker–0.2%$9.1m850,0000.0%held
ISRAEL ACQUISITIONS CORP no ticker–0.1%$5.3m500,0000.0%held
MONTEREY CAP ACQUISITION COR no ticker–0.1%$4.0m375,0000.0%held
ALCHEMY INVTS ACQUISITN CORP no ticker–0.09%$3.6m350,0000.0%held
DENALI CAPITAL ACQUISITN COR no ticker–0.08%$3.3m300,0000.0%held
KEEN VISION ACQUISITION CORP no ticker–0.08%$3.1m300,000–new

Exited since Q2 2023

25 rows
SPLKCHF SPLUNK INC9.3%$432m
WTW WILLIS TOWERS WATSON PLC LTD2.6%$120m
ABCAM PLC no ticker2.4%$112m
PZZA PAPA JOHNS INTL INC0.3%$13.4m
LPSN LIVEPERSON INC0.2%$10.7m
CVLT COMMVAULT SYSTEMS INC0.2%$8.9m
INVESTCORP INDIA ACQUISTN CO no ticker0.2%$8.0m
KNIGHTSWAN ACQUISITION CORP no ticker0.2%$7.9m
A SPAC II ACQUISITION CORP no ticker0.2%$7.9m
CONSILIUM ACQUISITN CORP I L no ticker0.1%$6.7m
FTAC EMERALD ACQUISITION COR no ticker0.1%$6.4m
GLOBAL BLOCKCHAIN ACQUI CORP no ticker0.1%$6.3m
VAHANNA TECH EDGE ACQSTN I C no ticker0.1%$5.4m
JAGUAR GLOBAL GROWTH CORP I no ticker0.1%$5.3m
HEARTLAND MEDIA ACQUISITION no ticker0.1%$5.3m
FUTURETECH II ACQUISITION CO no ticker0.1%$4.8m
ANDRETTI ACQUISITION CORP no ticker0.1%$4.7m
AURA FAT PROJS ACQUISITION C no ticker0.08%$3.7m
AIMFINITY INVESTMENT CORP I no ticker0.07%$3.1m
M3 BRIGADE ACQUISITION III no ticker0.05%$2.2m
FTAC ZEUS ACQUISITION COR no ticker0.05%$2.2m
AP ACQUISITION CORP no ticker0.04%$1.9m
INFINITE ACQUISITION CORP no ticker0.04%$1.8m
OKLO OKLO INC0.02%$858k
CHENGHE ACQUISITION CO no ticker0.01%$535k

Sector mix

  • Technology47.6%
  • Industrials18.4%
  • Healthcare10.5%
  • Utilities8.9%
  • Unclassified7.5%
  • Consumer Cyclical5.3%
  • Financial Services1.9%

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