13F Insight
DOSSIER · 13F-HR · Q1 2026

Starboard Value LP

$4.6B in tracked AUM across 26 positions as of Q1 2026.

SV
CIK 0001517137 · last filed Mar 31, 2026
Total AUM
$4.6B
as of Q1 2026
Holdings
26
—
positions
Whale Score
72
72
strong
Activity
—
no data
changes this Q
AI Analysis · Q1 2026
Starboard Value LP 13F Filing Analysis: Q3 2025
Portfolio Overview

Starboard Value LP’s Q3 2025 13F filing reveals a period of significant capital reduction and portfolio consolidation. The total portfolio value plummeted by 56.3%, decreasing from $5.77 billion in the previous quarter to $2.52 billion. This drastic reduction was driven primarily by the liquidation of 16 positions rather than broad market depreciation, as the fund aggressively returned capital to investors or shifted strate...

Key Holdings

The portfolio is dominated by a mix of technology and undervalued industrial plays, with Qorvo Inc. (QRVO) emerging as the largest holding at $684.09 million (27.11% of the portfolio). Despite a modest reduction of 4.6% during the quarter, QRVO remains the anchor position. Match Group Inc. (MTCH) follows as the second-largest holding at $391.01 million (15.49%). Starboard reduced this stake by 27.7%, yet it remains a major component of the fund's tech exposure.

Other notable positions include Kenvue Inc. (KVUE) at $339.69 million (13.46%), representing the fund's primary healthcare bet, and Salesforce Inc. (CRM) at $294.39 million (11.66%). The fund also holds a significant position in Healthcare Realty Trust (HR) at $261.26 million (10.35%), which was trimmed by nearly 25%. Additionally, Starboard maintains a dual-class structure position in News Corp (NWS and NWSA), combining to represent over 16% of the portfolio, and a sizable stake in Alight Inc. (ALIT) at 5.92%.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
QRVO
QORVO INC
$581M7.5M12.7%02
KVUE
KENVUE INC
$471M27.3M10.3%03
IJH
ISHARES TR
$394M5.8M8.6%04
AQN
ALGONQUIN PWR UTILS CORP
$351M57.2M7.7%05
MTCH
MATCH GROUP INC NEW
$350M11.4M7.6%06
ACTG
ACACIA RESH CORP
$294M61.1M6.4%07
BILL
BILL HOLDINGS INC
$269M7.0M5.9%08
LW
LAMB WESTON HLDGS INC
$258M6.1M5.6%09
KMX
CARMAX INC
$258M6.2M5.6%10
RIOT
RIOT PLATFORMS INC
$193M16.3M4.2%

Filing history

2026Q1Mar 31
$4.6B▼ 13.3%
26 positionsView →2025Q4Dec 31
$5.3B▲ 109.2%
22 positionsView →2025Q3Sep 30
$2.5B▼ 56.3%
8 positionsView →2025Q2Jun 30
$5.8B▲ 4.9%
25 positionsLocked2025Q1Mar 31
$5.5B▼ 0.5%
22 positionsLocked2024Q4Dec 31
$5.5B▲ 17.5%
22 positionsLocked2024Q3Sep 30
$4.7B▲ 9.5%
20 positionsLocked2024Q2Jun 30
$4.3B▼ 11.3%
20 positionsLocked2024Q1Mar 31
$4.8B▲ 0.7%
23 positionsLocked2023Q4Dec 31
$4.8B▲ 23.2%
28 positionsLocked2023Q3Sep 30
$3.9B▼ 15.7%
25 positionsLocked2023Q2Jun 30
$4.6B▼ 6.7%
48 positionsLocked
Showing 12 of 58