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Starboard Value LP

Q3 2025 · Filed 2025-11-14
Market Value
$5.3B
-7.3%
Holdings
23
+1
New Purchases
1
Added To
3
Closed
3
Reduced
10
Top 10 Concentration
71.3%
Turnover
17.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BILL 7.00% 0.00% +7.00% $372M
RIOT 3.16% 0.92% +2.24% $168M
ROG 2.54% 1.07% +1.46% $135M
QRVO 12.87% 11.66% +1.22% $684M
TRIP 2.91% 1.93% +0.98% $155M
IJH 6.45% 5.68% +0.77% $343M
NWSA 3.69% 3.52% +0.16% $196M
AQN 6.42% 6.34% +0.07% $341M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BDX 4.25% 7.87% -3.61% $226M
PFE 0.00% 3.61% -3.61% $0
ALIT 2.81% 4.53% -1.71% $150M
KVUE 6.39% 7.64% -1.25% $340M
MTCH 7.36% 8.25% -0.89% $391M
IWM 0.62% 1.28% -0.66% $33M
HR 4.92% 5.33% -0.42% $261M
CRM 5.54% 5.95% -0.41% $294M
GEN 6.50% 6.83% -0.33% $346M
GDOT 0.00% 0.33% -0.33% $0
FTRE 0.00% 0.21% -0.21% $0
NWS 3.91% 4.11% -0.19% $208M
BLMN 1.08% 1.20% -0.12% $57M
ACTG 3.74% 3.82% -0.08% $199M
ADSK 7.85% 7.92% -0.07% $417M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 10 $2.4B 45.2%
Mid Cap 7 $2.4B 44.3%
Small Cap 6 $560M 10.5%

Portfolio Analytics

Avg Market Cap
$32.5B
Median Market Cap
$9.3B
Avg P/E
30.8
Median P/E
28.8
Avg Dividend Yield
0.02%
Avg Beta
1.12
# Stocks
21
# ETFs / Funds
2

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QRVO 12.87% 7,510,871 $684M $91.08 $16M -361,996 -4.6%
2 ADSK 7.85% 1,313,000 $417M $317.67 -$37M -154,348 -10.5%
3 MTCH 7.36% 11,070,379 $391M $35.32 -$82M -4,241,537 -27.7%
4 BILL 7.00% 7,024,848 $372M $52.97 +7,024,848 NEW
5 GEN 6.50% 12,171,000 $346M $28.39 -$46M -1,159,505 -8.7%
6 IJH 6.45% 5,250,656 $343M $65.26 $17M
7 AQN 6.42% 63,489,420 $341M $5.37 -$23M
8 KVUE 6.39% 20,929,938 $340M $16.23 -$98M
9 CRM 5.54% 1,242,150 $294M $237.00 -$47M -10,097 -0.8%
10 HR 4.92% 14,490,036 $261M $18.03 -$45M -4,800,636 -24.9%
11 BDX 4.25% 1,207,998 $226M $187.17 -$225M -1,411,492 -53.9%
12 NWS 3.91% 6,017,000 $208M $34.55 -$28M -845,525 -12.3%
13 ACTG 3.74% 61,123,595 $199M $3.25 -$20M
14 NWSA 3.69% 6,381,716 $196M $30.71 -$6M -417,220 -6.1%
15 RIOT 3.16% 8,818,000 $168M $19.03 $115M +4,141,100 +88.5%
16 TRIP 2.91% 9,510,484 $155M $16.26 $44M +1,011,430 +11.9%
17 ALIT 2.81% 45,865,899 $150M $3.26 -$110M
18 ROG 2.54% 1,676,502 $135M $80.46 $73M +777,000 +86.4%
19 BLMN 1.08% 7,980,992 $57M $7.17 -$11M
20 IWM 0.62% 137,000 $33M $241.96 -$40M -203,000 -59.7%
21 GDOT —% -$19M -1,733,298 -100.0% SOLD
22 PFE —% -$207M -8,542,149 -100.0% SOLD
23 FTRE —% -$12M -2,495,558 -100.0% SOLD

Options Breakdown

0 Calls $0 Call Value 1 Puts $0 Put Value

Top Puts

SymbolSharesValueStatus
RIOT $0 SOLD

New Positions

SymbolValue% Port
BILL $372M 7.00%

Sold Out Positions

SymbolValue% Port
GDOT —%
PFE —%
FTRE —%
View SEC EDGAR Filings for Starboard Value LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms