Starboard Value Jeff Smith
Holdings as of the end of Q3 2025, reported in its 13F filing on Nov 14, 2025; changes vs Q2 2025. Source
Reported value
$5.3B
at quarter-end prices
Positions
20
top 10 are 71% of it
Bought · Q3 2025
3
1 new, 2 added 20%+
Sold · Q3 2025
9
5 sold out, 4 cut 20%+
Holdings 20
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q2 2025 |
|---|---|---|---|---|---|---|
| 1 | QRVO | QORVO INC | 7,510,871 | $684.1M | 12.9% | -5% |
| 2 | ADSK | AUTODESK INC | 1,313,000 | $417.1M | 7.8% | -11% |
| 3 | MTCH | MATCH GROUP INC NEW | 11,070,379 | $391M | 7.4% | -28% |
| 4 | BILL | BILL HOLDINGS INC | 7,024,848 | $372.1M | 7.0% | new |
| 5 | GEN | GEN DIGITAL INC | 12,171,000 | $345.5M | 6.5% | -9% |
| 6 | IJH | ISHARES TR | 5,250,656 | $342.7M | 6.4% | — |
| 7 | AQN | ALGONQUIN PWR UTILS CORP | 63,489,420 | $340.9M | 6.4% | — |
| 8 | KVUE | KENVUE INC | 20,929,938 | $339.7M | 6.4% | — |
| 9 | CRM | SALESFORCE INC | 1,242,150 | $294.4M | 5.5% | -1% |
| 10 | HR | HEALTHCARE RLTY TR | 14,490,036 | $261.3M | 4.9% | -25% |
| 11 | BDX | BECTON DICKINSON & CO | 1,207,998 | $226.1M | 4.3% | -54% |
| 12 | NWS | NEWS CORP NEW | 6,017,000 | $207.9M | 3.9% | -12% |
| 13 | ACTG | ACACIA RESH CORP | 61,123,595 | $198.7M | 3.7% | — |
| 14 | NWSA | NEWS CORP NEW | 6,381,716 | $196M | 3.7% | -6% |
| 15 | RIOT | RIOT PLATFORMS INC | 8,818,000 | $167.8M | 3.2% | +89% |
| 16 | TRIP | TRIPADVISOR INC | 9,510,484 | $154.6M | 2.9% | +12% |
| 17 | — | ALIGHT INC | 45,865,899 | $149.5M | 2.8% | — |
| 18 | ROG | ROGERS CORP | 1,676,502 | $134.9M | 2.5% | +86% |
| 19 | BLMN | BLOOMIN BRANDS INC | 7,980,992 | $57.2M | 1.1% | — |
| 20 | IWM | ISHARES TR | 137,000 | $33.1M | 0.62% | -60% |
Sold out in Q3 2025 5
13F filings list US-listed long positions (stocks and ADRs) at the quarter's end: no shorts, cash, bonds or foreign shares; options and principal amounts are left out here. Trades made after the quarter ended don't show until the next filing. Changes compare share counts with the quarter before (splits can show as adds). Not investment advice.