Starboard Value 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Starboard Value disclosed 20 US equity positions worth $5.3bn in its Q3 2025 13F filing. The largest position was QRVO at 12.9% of the reported book, followed by ADSK and MTCH. Against the Q2 2025 filing, it opened 1 new position, added to 3 and reduced 10 among the top 20 holdings.
What did Starboard Value own in Q3 2025? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | QRVO QORVO INC | Technology | 12.9% | $684.1m | 7,510,871 | -5% | reduced |
| 2 | ADSK AUTODESK INC | Technology | 7.8% | $417.1m | 1,313,000 | -11% | reduced |
| 3 | MTCH MATCH GROUP INC NEW | Communication Services | 7.4% | $391.0m | 11,070,379 | -28% | reduced |
| 4 | BILL BILL HOLDINGS INC | Technology | 7.0% | $372.1m | 7,024,848 | – | new |
| 5 | GEN GEN DIGITAL INC | Technology | 6.5% | $345.5m | 12,171,000 | -9% | reduced |
| 6 | ISHARES TR | 6.4% | $342.7m | 5,250,656 | 0% | held | |
| 7 | AQN ALGONQUIN PWR UTILS CORP | Utilities | 6.4% | $340.9m | 63,489,420 | 0% | held |
| 8 | KVUE KENVUE INC | Consumer Defensive | 6.4% | $339.7m | 20,929,938 | 0% | held |
| 9 | CRM SALESFORCE INC | Technology | 5.5% | $294.4m | 1,242,150 | -1% | reduced |
| 10 | HR HEALTHCARE RLTY TR | Real Estate | 4.9% | $261.3m | 14,490,036 | -25% | reduced |
| 11 | BDX BECTON DICKINSON & CO | Healthcare | 4.3% | $226.1m | 1,207,998 | -54% | reduced |
| 12 | NWS NEWS CORP NEW | Communication Services | 3.9% | $207.9m | 6,017,000 | -12% | reduced |
| 13 | ACTG ACACIA RESH CORP | Industrials | 3.7% | $198.7m | 61,123,595 | 0% | held |
| 14 | NWSA NEWS CORP NEW | Communication Services | 3.7% | $196.0m | 6,381,716 | -6% | reduced |
| 15 | RIOT RIOT PLATFORMS INC | Financial Services | 3.2% | $167.8m | 8,818,000 | 89% | added |
| 16 | TRIP TRIPADVISOR INC | Consumer Cyclical | 2.9% | $154.6m | 9,510,484 | 12% | added |
| 17 | ALIGHT INC | 2.8% | $149.5m | 45,865,899 | 0% | held | |
| 18 | ROG ROGERS CORP | Technology | 2.5% | $134.9m | 1,676,502 | 86% | added |
| 19 | BLMN BLOOMIN BRANDS INC | Consumer Cyclical | 1.1% | $57.2m | 7,980,992 | 0% | held |
| 20 | IWM ISHARES TR | 0.6% | $33.1m | 137,000 | -60% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.