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Starboard Value LP

Q4 2025 · Filed 2026-02-17
Market Value
$5.3B
-0.7%
Holdings
22
-1
New Purchases
2
Added To
4
Closed
1
Reduced
8
Top 10 Concentration
69.5%
Turnover
13.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CWAN 4.55% 0.00% +4.55% $240M
FLR 3.90% 0.00% +3.90% $206M
KVUE 8.93% 6.39% +2.54% $471M
AQN 7.40% 6.42% +0.98% $390M
ACTG 4.33% 3.74% +0.59% $229M
BILL 7.26% 7.00% +0.26% $383M
IJH 6.57% 6.45% +0.12% $347M
IWM 0.64% 0.62% +0.02% $34M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ALIT 0.00% 2.81% -2.81% $0
ADSK 5.62% 7.85% -2.23% $297M
NWS 2.49% 3.91% -1.42% $132M
GEN 5.45% 6.50% -1.05% $288M
HR 4.05% 4.92% -0.87% $214M
QRVO 12.03% 12.87% -0.84% $635M
BDX 3.42% 4.25% -0.83% $180M
CRM 4.72% 5.54% -0.82% $249M
NWSA 2.92% 3.69% -0.77% $154M
ROG 2.09% 2.54% -0.45% $110M
MTCH 6.97% 7.36% -0.38% $368M
TRIP 2.66% 2.91% -0.25% $140M
BLMN 0.93% 1.08% -0.14% $49M
RIOT 3.06% 3.16% -0.10% $161M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 9 $2.2B 40.8%
Mid Cap 9 $2.7B 51.3%
Small Cap 4 $418M 7.9%

Portfolio Analytics

Avg Market Cap
$27.8B
Median Market Cap
$8.8B
Avg P/E
31.0
Median P/E
28.8
Avg Dividend Yield
0.02%
Avg Beta
1.11
# Stocks
20
# ETFs / Funds
2

Top Holdings (22 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 QRVO 12.03% 7,510,871 $635M $84.51 -$49M
2 KVUE 8.93% 27,307,632 $471M $17.25 $131M +6,377,694 +30.5%
3 AQN 7.40% 63,489,420 $390M $6.15 $50M
4 BILL 7.26% 7,024,848 $383M $54.54 $11M
5 MTCH 6.97% 11,395,379 $368M $32.29 -$23M +325,000 +2.9%
6 IJH 6.57% 5,250,656 $347M $66.00 $4M
7 ADSK 5.62% 1,001,733 $297M $296.01 -$121M -311,267 -23.7%
8 GEN 5.45% 10,585,592 $288M $27.19 -$58M -1,585,408 -13.0%
9 CRM 4.72% 940,325 $249M $264.91 -$45M -301,825 -24.3%
10 CWAN 4.55% 9,959,031 $240M $24.12 +9,959,031 NEW
11 ACTG 4.33% 61,123,595 $229M $3.74 $30M
12 HR 4.05% 12,600,000 $214M $16.95 -$48M -1,890,036 -13.0%
13 FLR 3.90% 5,191,327 $206M $39.63 +5,191,327 NEW
14 BDX 3.42% 929,917 $180M $194.07 -$46M -278,081 -23.0%
15 RIOT 3.06% 12,744,576 $161M $12.67 -$6M +3,926,576 +44.5%
16 NWSA 2.92% 5,895,487 $154M $26.12 -$42M -486,229 -7.6%
17 TRIP 2.66% 9,644,996 $140M $14.56 -$14M +134,512 +1.4%
18 NWS 2.49% 4,439,081 $132M $29.63 -$76M -1,577,919 -26.2%
19 ROG 2.09% 1,203,457 $110M $91.57 -$25M -473,045 -28.2%
20 BLMN 0.93% 7,980,992 $49M $6.17 -$8M
21 IWM 0.64% 137,000 $34M $246.16 $575K
22 ALIT —% -$150M -45,865,899 -100.0% SOLD

New Positions

SymbolValue% Port
CWAN $240M 4.55%
FLR $206M 3.90%

Sold Out Positions

SymbolValue% Port
ALIT —%
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