Latest Starboard Value LP Stock Portfolio

$4.57Billion | No. of Holdings #23

Jeff Smith Performance

2026 Q1-4.46%

YTD-4.46%

2025-5.40%

About Jeff Smith and 13F Hedge Fund Stock Holdings

Jeff Smith is a hedge fund based in New York, NY. On 2026-05-15, the fund reported it's updated stock portfolio. In the 13F Holdings report, Jeff Smith reported an equity portfolio of $4.6 Billions as of 31 Mar, 2026. <br><br> The top stock holdings of Jeff Smith are QRVO, , IJR. The fund has invested 12.7% of it's portfolio in QORVO INC and 10.3% of portfolio in KENVUE INC. <br><br> The fund managers got completely rid off AUTODESK INC (ADSK) and SALESFORCE INC (CRM) stocks. They significantly reduced their stock positions in ROGERS CORP (ROG), HEALTHCARE RLTY TR (HR) and CLEARWATER ANALYTICS HLDGS I (CWAN). Jeff Smith opened new stock positions in LAMB WESTON HLDGS INC (LW), CARMAX INC (KMX) and GPGI INC (CMPO). The fund showed a lot of confidence in some stocks as they added substantially to RIOT PLATFORMS INC (RIOT), TRIPADVISOR INC (TRIP) and ISHARES TR (IJR).

Jeff Smith Equity Portfolio Value

Last Reported on: 15 May, 2026

$4.57Billion

as of May 15, 2026

Jeff Smith Annual Return Estimates Vs S&P 500

Our best estimate is that Starboard Value LP made a return of -4.46% in the last quarter. In trailing 12 months, it's portfolio return was -3.87%.

Performance
S&P 500

New Buys

Ticker	$ Bought
lamb weston hldgs inc	258,419,000
carmax inc	257,853,000
gpgi inc	85,962,200
bitcoin infrastructure acqui	44,550

New stocks bought by Starboard Value LP

Additions

Ticker	% Inc.
riot platforms inc	21.97
tripadvisor inc	11.72
ishares tr	11.05

Additions to existing portfolio by Starboard Value LP

Reductions

Ticker	% Reduced
rogers corp	-51.45
healthcare rlty tr	-45.86
clearwater analytics hldgs i	-45.19
fluor corp	-44.4
news corp new	-41.68
becton dickinson & co	-31.55
gen digital inc	-26.25
algonquin pwr utils corp	-9.92

Starboard Value LP reduced stake in above stock

Sold off

Ticker	$ Sold
autodesk inc	-296,523,000
salesforce inc	-249,102,000

Starboard Value LP got rid off the above stocks

Sector Distribution

Starboard Value LP has about 29.9% of it's holdings in Others sector.

Others
Technology
Communication Services
Industrials
Consumer Cyclical
Consumer Defensive
Financial Services
Real Estate
Healthcare

Sector	%
Others	29.9
Technology	22.8
Communication Services	12.3
Industrials	11.3
Consumer Cyclical	9.1
Consumer Defensive	5.7
Financial Services	4.2
Real Estate	2.5
Healthcare	2.2

Market Cap. Distribution

Starboard Value LP has about 6.9% of it's portfolio invested in the large-cap and mega-cap stocks.

MID-CAP
UNALLOCATED
SMALL-CAP
LARGE-CAP

Category	%
MID-CAP	52
UNALLOCATED	29.9
SMALL-CAP	11.3
LARGE-CAP	6.9

Stocks belong to which Index?

About 56.4% of the stocks held by Starboard Value LP either belong to S&P 500 or RUSSELL 2000 index.

Others
S&P 500
RUSSELL 2000

Index	%
Others	43.7
S&P 500	38.6
RUSSELL 2000	17.8

Top 5 Winners (%)		%
ACTG	acacia resh corp	28.6 %
FLR	fluor corp	13.8 %
ROG	rogers corp	12.8 %
IJR	ishares tr	2.2 %
HR	healthcare rlty tr	0.2 %

Top 5 Winners ($)		$
ACTG	acacia resh corp	65.4 M
FLR	fluor corp	28.4 M
ROG	rogers corp	14.1 M
IJR	ishares tr	8.5 M
HR	healthcare rlty tr	0.4 M

Top 5 Losers (%)		%
BILL	bill holdings inc	-29.8 %
	gen digital inc	-26.7 %
TRIP	tripadvisor inc	-25.7 %
BDX	becton dickinson & co	-16.0 %
BLMN	bloomin brands inc	-12.5 %

Top 5 Losers ($)		$
BILL	bill holdings inc	-114.1 M
	gen digital inc	-76.9 M
QRVO	qorvo inc	-53.4 M
TRIP	tripadvisor inc	-39.8 M
BDX	becton dickinson & co	-28.9 M

Jeff Smith Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Jeff Smith

Starboard Value LP has 23 stocks in it's portfolio. About 74.7% of the portfolio is in top 10 stocks. BILL proved to be the most loss making stock for the portfolio. ACTG was the most profitable stock for Starboard Value LP last quarter.

$4.57BTotal Value

25.00Positions

15 May, 2026Last Reported

Current holdings of Current Stock Holdings of Jeff Smith, last reported on 15 May, 2026. Select a row with a linked ticker to view its historical trend.
Holdingsorted ascending	% Portfolio	Shares Held	$ Value	% Change
ACTG Acacia Resh Corp Acacia Resh CorpACTG Jeff Smith's holding in Acacia Resh Corp over time	6.43%	61,123,600	$294.00M 6.43%	unchanged 0 percentunchanged

ADSK Autodesk Inc Autodesk IncADSK Jeff Smith's holding in Autodesk Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

AQN Algonquin Pwr Utils Corp Algonquin Pwr Utils Corp AQN Jeff Smith's holding in Algonquin Pwr Utils Corp over time	7.68%	57,189,400	$351.14M 7.68%	decreased 9.92 percentreduced

BDX Becton Dickinson & Co Becton Dickinson & CoBDX Jeff Smith's holding in Becton Dickinson & Co over time	2.19%	636,494	$100.08M 2.19%	decreased 31.55 percentreduced

BILL Bill Holdings Inc Bill Holdings IncBILL Jeff Smith's holding in Bill Holdings Inc over time	5.88%	7,024,850	$269.05M 5.88%	unchanged 0 percentunchanged

BLMN Bloomin Brands Inc Bloomin Brands IncBLMN Jeff Smith's holding in Bloomin Brands Inc over time	0.94%	7,980,990	$43.10M 0.94%	unchanged 0 percentunchanged

CMPO Gpgi Inc Gpgi IncCMPO Jeff Smith's holding in Gpgi Inc over time	1.88%	5,027,030	$85.96M 1.88%	new position

CRM Salesforce Inc Salesforce IncCRM Jeff Smith's holding in Salesforce Inc over time	0%	0.00	$0.00 0%	decreased 100 percentsold off

CWAN Clearwater Analytics Hldgs I Clearwater Analytics Hldgs ICWAN Jeff Smith's holding in Clearwater Analytics Hldgs I over time	2.82%	5,459,030	$129.11M 2.82%	decreased 45.19 percentreduced

FLR Fluor Corp Fluor CorpFLR Jeff Smith's holding in Fluor Corp over time	2.94%	2,886,330	$134.65M 2.94%	decreased 44.4 percentreduced

HR Healthcare Rlty Tr Healthcare Rlty TrHR Jeff Smith's holding in Healthcare Rlty Tr over time	2.53%	6,821,270	$115.89M 2.53%	decreased 45.86 percentreduced

IJR Ishares Tr Ishares Tr IJR Jeff Smith's holding in Ishares Tr over time	8.61%	5,830,660	$393.74M 8.61%	increased 11.05 percentadded

KMX Carmax Inc Carmax IncKMX Jeff Smith's holding in Carmax Inc over time	5.64%	6,201,360	$257.85M 5.64%	new position

LW Lamb Weston Hldgs Inc Lamb Weston Hldgs IncLW Jeff Smith's holding in Lamb Weston Hldgs Inc over time	5.65%	6,114,980	$258.42M 5.65%	new position

MTCH Match Group Inc New Match Group Inc NewMTCH Jeff Smith's holding in Match Group Inc New over time	7.65%	11,395,400	$349.95M 7.65%	unchanged 0 percentunchanged

NWS News Corp New News Corp NewNWS Jeff Smith's holding in News Corp New over time	3.05%	5,605,130	$139.74M 3.05%	decreased 4.93 percentreduced

NWS News Corp New News Corp NewNWS Jeff Smith's holding in News Corp New over time	1.61%	2,589,080	$73.81M 1.61%	decreased 41.68 percentreduced

QRVO Qorvo Inc Qorvo IncQRVO Jeff Smith's holding in Qorvo Inc over time	12.71%	7,510,870	$581.34M 12.71%	unchanged 0 percentunchanged

RIOT Riot Platforms Inc Riot Platforms IncRIOT Jeff Smith's holding in Riot Platforms Inc over time	4.2%	15,544,600	$192.13M 4.2%	increased 21.97 percentadded

ROG Rogers Corp Rogers CorpROG Jeff Smith's holding in Rogers Corp over time	1.37%	584,328	$62.72M 1.37%	decreased 51.45 percentreduced