Starboard Value Jeff Smith
Holdings as of the end of Q1 2026, reported in its 13F filing on May 15, 2026; changes vs Q4 2025. Source
Reported value
$4.6B
at quarter-end prices
Positions
23
top 10 are 75% of it
Bought · Q1 2026
5
4 new, 1 added 20%+
Sold · Q1 2026
10
3 sold out, 7 cut 20%+
Holdings 23
| # | Stock | Company | Shares | Value | Of portfolio | Shares vs Q4 2025 |
|---|---|---|---|---|---|---|
| 1 | QRVO | QORVO INC | 7,510,871 | $581.3M | 12.7% | — |
| 2 | KVUE | KENVUE INC | 27,307,632 | $470.8M | 10.3% | — |
| 3 | IJH | ISHARES TR | 5,830,656 | $393.7M | 8.6% | +11% |
| 4 | AQN | ALGONQUIN PWR UTILS CORP | 57,189,420 | $351.1M | 7.7% | -10% |
| 5 | MTCH | MATCH GROUP INC NEW | 11,395,379 | $350M | 7.7% | — |
| 6 | ACTG | ACACIA RESH CORP | 61,123,595 | $294M | 6.4% | — |
| 7 | BILL | BILL HOLDINGS INC | 7,024,848 | $269.1M | 5.9% | — |
| 8 | LW | LAMB WESTON HLDGS INC | 6,114,982 | $258.4M | 5.7% | new |
| 9 | KMX | CARMAX INC | 6,201,362 | $257.9M | 5.6% | new |
| 10 | RIOT | RIOT PLATFORMS INC | 15,544,576 | $192.1M | 4.2% | +22% |
| 11 | GEN | GEN DIGITAL INC | 7,806,922 | $147M | 3.2% | -26% |
| 12 | NWSA | NEWS CORP NEW | 5,605,126 | $139.7M | 3.1% | -5% |
| 13 | FLR | FLUOR CORP | 2,886,327 | $134.6M | 2.9% | -44% |
| 14 | — | CLEARWATER ANALYTICS HLDGS I | 5,459,031 | $129.1M | 2.8% | -45% |
| 15 | HR | HEALTHCARE RLTY TR | 6,821,267 | $115.9M | 2.5% | -46% |
| 16 | TRIP | TRIPADVISOR INC | 10,774,996 | $114.9M | 2.5% | +12% |
| 17 | BDX | BECTON DICKINSON & CO | 636,494 | $100.1M | 2.2% | -32% |
| 18 | GPGI | GPGI INC | 5,027,028 | $86M | 1.9% | new |
| 19 | NWS | NEWS CORP NEW | 2,589,081 | $73.8M | 1.6% | -42% |
| 20 | ROG | ROGERS CORP | 584,328 | $62.7M | 1.4% | -51% |
| 21 | BLMN | BLOOMIN BRANDS INC | 7,980,992 | $43.1M | 0.94% | — |
| 22 | — | BITCOIN INFRASTRUCTURE ACQUI | 300,000 | $3M | 0.07% | — |
| 23 | — | BITCOIN INFRASTRUCTURE ACQUI | 149,999 | $44.5K | 0.00% | new |
Sold out in Q1 2026 3
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.