Starboard Value LP

hedge fundUpdated 27 days ago

Managed by Starboard Value • Latest filing Q2 2026

Portfolio value

$4.5B

Q2 2026

Filings

13

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

-0.8%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$24.6M
Q2 2023	$4.6B
Q3 2023	$3.9B
Q4 2023	$4.8B
Q1 2024	$4.8B
Q2 2024	$4.3B
Q3 2024	$4.7B
Q4 2024	$5.5B
Q1 2025	$5.5B
Q2 2025	$5.8B
Q3 2025	$5.3B
Q4 2025	$5.3B
Q1 2026	$4.6B
Q2 2026	$4.5B

Top holdings

22 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	E ETHA ISHARES TR	$684.6M	8.88M	15.13%	Added(+52.3%)
2	Q QRVO QORVO INC	$523.4M	5.61M	11.57%	Trimmed(-25.3%)
3	K KVUE KENVUE INC	$521.8M	27.31M	11.54%	Unchanged
4	D DT DYNATRACE INC	$389.3M	8.87M	8.61%	—
5	A AQNB ALGONQUIN POWER & UTILITIES	$335.1M	57.19M	7.41%	Unchanged
6	M MTCH MATCH GROUP INC NEW	$295.8M	7.78M	6.54%	Trimmed(-31.8%)
7	A ACTG ACACIA RESH CORP	$284.8M	61.12M	6.30%	Unchanged
8	R RIOT RIOT PLATFORMS INC	$276.9M	10.11M	6.12%	Added(+1176.3%)
9	B BILL BILL HOLDINGS INC	$254.1M	7.03M	5.62%	Added(+0.0%)
10	L LW LAMB WESTON HLDGS INC	$247.6M	5.73M	5.47%	Trimmed(-6.2%)
11	K KMX CARMAX INC	$169.6M	3.21M	3.75%	Trimmed(-48.3%)
12	F FLS FLOWSERVE CORP	$106.9M	1.44M	2.36%	—
13	F FLR FLUOR CORP	$83.1M	1.59M	1.84%	Trimmed(-45.0%)
14	G GPGI GPGI INC	$79.7M	5.03M	1.76%	Unchanged
15	T TRIP TRIPADVISOR INC	$69.9M	5.10M	1.54%	Trimmed(-52.7%)
16	N NWSLL NEWS CORP NEW	$68.2M	2.43M	1.51%	Trimmed(-6.1%)
17	N NWSLL NEWS CORP NEW	$50.7M	2.04M	1.12%	Trimmed(-63.6%)
18	H HR HEALTHCARE RLTY TR	$39.1M	1.94M	0.86%	Trimmed(-71.6%)
19	B BLMN BLOOMIN BRANDS INC	$38.2M	4.18M	0.84%	Trimmed(-47.6%)
20	B BIXIU BITCOIN INFRASTRUCTURE ACQUI	$3M	300.0K	0.07%	Unchanged

E

ISHARES TR

+52.3%

Value

$684.6M

Shares

8.88M

% Port

15.13%

Q

QORVO INC

-25.3%

Value

$523.4M

Shares

5.61M

% Port

11.57%

K

KENVUE INC

Unchanged

Value

$521.8M

Shares

27.31M

% Port

11.54%

D

4.DT

DYNATRACE INC

Value

$389.3M

Shares

8.87M

% Port

8.61%

A

ALGONQUIN POWER & UTILITIES

Unchanged

Value

$335.1M

Shares

57.19M

% Port

7.41%

M

MATCH GROUP INC NEW

-31.8%

Value

$295.8M

Shares

7.78M

% Port

6.54%

A

ACACIA RESH CORP

Unchanged

Value

$284.8M

Shares

61.12M

% Port

6.30%

R

RIOT PLATFORMS INC

+1176.3%

Value

$276.9M

Shares

10.11M

% Port

6.12%

B

BILL HOLDINGS INC

+0.0%

Value

$254.1M

Shares

7.03M

% Port

5.62%

L

10.LW

LAMB WESTON HLDGS INC

-6.2%

Value

$247.6M

Shares

5.73M

% Port

5.47%

K

11.KMX

CARMAX INC

-48.3%

Value

$169.6M

Shares

3.21M

% Port

3.75%

F

12.FLS

FLOWSERVE CORP

Value

$106.9M

Shares

1.44M

% Port

2.36%

F

13.FLR

FLUOR CORP

-45.0%

Value

$83.1M

Shares

1.59M

% Port

1.84%

G

GPGI INC

Unchanged

Value

$79.7M

Shares

5.03M

% Port

1.76%

T

TRIPADVISOR INC

-52.7%

Value

$69.9M

Shares

5.10M

% Port

1.54%

N

NEWS CORP NEW

-6.1%

Value

$68.2M

Shares

2.43M

% Port

1.51%

N

NEWS CORP NEW

-63.6%

Value

$50.7M

Shares

2.04M

% Port

1.12%

H

18.HR

HEALTHCARE RLTY TR

-71.6%

Value

$39.1M

Shares

1.94M

% Port

0.86%

B

BLOOMIN BRANDS INC

-47.6%

Value

$38.2M

Shares

4.18M

% Port

0.84%

B

BITCOIN INFRASTRUCTURE ACQUI

Unchanged

Value

$3M

Shares

300.0K

% Port

0.07%

View full portfolio (22 holdings) →

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