Starboard Value (Jeffrey Smith) latest 13F portfolio: 22 holdings worth $4.5B as of Q2 2026.
Backtested since 2020: mirroring Starboard Value's reported 13F equity holdings each quarter would have returned +102.3% versus +186.6%for the S&P 500 (+11.7% annualized). See the Performance tab for the full equity curve.
Investor: Jeffrey Smith
Number of Assets: 22
Reporting Period: Q2 - 2026
Holdings at Report: $4,521,831,490
Return $ Since Report: +$217,795,067
Return % Since Report: +4.82%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Algonquin Power & Utilities Corp. (AQN) | Equity | 0% | 57,189,420 | 7.41% | $5.86 | $5.21 | $335,130,001 | $297,956,878 | -$37,173,123 | -11.09% |
| Bloomin' Brands Inc. (BLMN) | Equity | -47.61% | 4,180,992 | 0.85% | $9.14 | $8.55 | $38,214,267 | $35,747,482 | -$2,466,785 | -6.46% |
| Riot Platforms Inc. (RIOT) | Equity | -38.09% | 10,114,576 | 6.12% | $27.38 | $24.93 | $276,937,091 | $252,156,380 | -$24,780,711 | -8.95% |
| Composecure Inc. (CMPO) | Equity | 0% | 5,027,028 | 1.76% | $15.85 | $12.39 | $79,678,394 | $62,284,877 | -$17,393,517 | -21.83% |
| Flowserve Corp. (FLS) | Equity | +100% | 1,441,600 | 2.36% | $74.16 | $75.99 | $106,909,056 | $109,547,184 | +$2,638,128 | +2.47% |
| Healthcare Realty Trust Inc. (HR) | Equity | -71.61% | 1,936,267 | 0.86% | $20.17 | $18.18 | $39,054,505 | $35,201,334 | -$3,853,171 | -9.87% |
| Kenvue Inc. (KVUE) | Equity | 0% | 27,307,632 | 11.54% | $19.11 | $17.86 | $521,848,848 | $487,714,308 | -$34,134,540 | -6.54% |
| Match Group Inc. (MTCH) | Equity | -31.77% | 7,775,125 | 6.54% | $38.05 | $41.71 | $295,843,506 | $324,300,464 | +$28,456,958 | +9.62% |
| News Corp. (NWSA) | Equity | -63.60% | 2,040,100 | 1.12% | $24.83 | $29.25 | $50,655,683 | $59,672,925 | +$9,017,242 | +17.80% |
| Dynatrace Inc. (DT) | Equity | +100% | 8,866,692 | 8.61% | $43.91 | $57.20 | $389,336,446 | $507,174,782 | +$117,838,336 | +30.27% |
| Tripadvisor Inc. (TRIP) | Equity | -52.70% | 5,096,996 | 1.55% | $13.71 | $8.55 | $69,879,815 | $43,579,316 | -$26,300,499 | -37.64% |
| Acacia Research Corp. (ACTG) | Equity | 0% | 61,123,595 | 6.30% | $4.66 | $4.34 | $284,835,953 | $265,276,402 | -$19,559,551 | -6.87% |
| Ishares Core S&P Mid-Cap ETF (IJH) | Equity | +52.26% | 8,877,781 | 15.14% | $77.11 | $73.47 | $684,565,693 | $652,250,570 | -$32,315,123 | -4.72% |
| Lamb Weston Holdings Inc. (LW) | Equity | -6.23% | 5,733,982 | 5.48% | $43.18 | $46.36 | $247,593,343 | $265,827,406 | +$18,234,063 | +7.36% |
| News Corp. (NWS) | Equity | -6.10% | 2,431,081 | 1.51% | $28.06 | $32.38 | $68,216,133 | $78,718,403 | +$10,502,270 | +15.40% |
| Qorvo Inc. (QRVO) | Equity | -25.29% | 5,611,526 | 11.57% | $93.27 | $118.44 | $523,387,030 | $664,629,139 | +$141,242,109 | +26.99% |
| Bill Holdings Inc. (BILL) | Equity | +0.01% | 7,025,748 | 5.62% | $36.16 | $46.49 | $254,051,048 | $326,627,025 | +$72,575,977 | +28.57% |
| Fluor Corp. (FLR) | Equity | -45.04% | 1,586,327 | 1.84% | $52.39 | $54.03 | $83,107,672 | $85,709,248 | +$2,601,576 | +3.13% |
| Carmax Inc. (KMX) | Equity | -48.29% | 3,206,438 | 3.75% | $52.89 | $56.84 | $169,588,506 | $182,253,936 | +$12,665,430 | +7.47% |
| Bitcoin Infrastructure Acqui | Equity | 0% | 300,000 | 0.07% | $10.00 | N/A | $2,998,500 | N/A | N/A | N/A |
| Bitcoin Infrastructure Acqui | Warrant | 0% | 149,999 | N/A | $0.32 | N/A | $47,460 | N/A | N/A | N/A |
| Riot Platforms Inc. (RIOT) | Put | +100% | 2,423,400 | N/A | $0.79 | N/A | $1,918,518 | N/A | N/A | N/A |