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Livermore
Livermore
ZHEN

Starboard Value

Superinvestor

Starboard Value LP

SEC CIK
0001517137
Manager
Jeff Smith
Style
Activist
Latest filing
Aug 14, 2026

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Institution overview
Positions
147
−29 vs. Q3 2022
Portfolio value
$5.22B
+$668.6M (+14.7%) vs. Q3 2022
Filed
Feb 14, 2023
SEC
Holdings of Starboard Value in Q4 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
GDDYGoDaddy Inc.CL A10,233,055$765.6M14.7%+1,973,118+23.9%AddedHistory
ACMAecomCOM6,974,316$592.3M11.4%00.0%UnchangedHistory
WTWWillis Towers Watson PLCSHS1,925,491$470.9M9.0%−306,718−13.7%ReducedHistory
GENGen Digital Inc.Stock18,914,794$405.3M7.8%−289,660−1.5%ReducedHistory
CRMSalesforce, Inc.Stock3,025,982$401.2M7.7%+3,025,982NewHistory
HUMHumana IncStock775,000$396.9M7.6%−178,000−18.7%ReducedHistory
VRTVertiv Holdings CoCOM CL A16,901,901$230.9M4.4%+16,901,901NewHistory
PZZAPapa Johns International IncStock2,759,360$227.1M4.4%00.0%UnchangedHistory
WIXWix.com Ltd.SHS2,322,076$178.4M3.4%−245,890−9.6%ReducedHistory
MRCYMercury Systems IncCOM3,772,291$168.8M3.2%00.0%UnchangedHistory
SPLKSplunk IncCOM1,866,880$160.7M3.1%+1,866,880NewHistory
iShares Tr464287630RUS 2000 VAL ETF900,000$124.8M2.4%+300,000+50.0%Added–
CVLTCommvault Systems IncCOM1,546,000$97.2M1.9%−2,109,000−57.7%ReducedHistory
iShares Russell 2000 ETF464287655ETF519,380$90.6M1.7%+200,000+62.6%Added–
GDOTGreen Dot CorpCL A5,294,110$83.8M1.6%00.0%UnchangedHistory
MDPediatrix Medical Group, Inc.COM5,473,971$81.3M1.6%−441,029−7.5%ReducedHistory
LPSNLiveperson IncCOM7,005,000$71.0M1.4%00.0%UnchangedHistory
ONOn Semiconductor CorpStock950,000$59.3M1.1%−1,497,000−61.2%ReducedHistory
CYXTCyxtera Technologies, Inc.COMMON STOCK20,767,571$39.9M0.8%00.0%UnchangedHistory
ACTGAcacia Research CorpACACIA TCH COM5,000,000$21.1M0.4%+5,000,000NewHistory
ENOVEnovis CORPCOM353,165$18.9M0.4%−224,835−38.9%ReducedHistory
iShares Russell Midcap ETF464287499ETF150,000$10.1M0.2%+150,000New–
IRRXIntegrated Rail & Resources Acquisition CorpCL A COM937,845$9.66M0.2%00.0%UnchangedHistory
SVIISpring Valley Acquisition Corp. IICLASS A ORD850,000$8.61M0.2%+850,000NewHistory
Investcorp India Acquistn CoG49219101CLASS A ORD SHS750,000$7.75M0.1%00.0%Unchanged–
Kimbell Tiger Acquisition Co49436K106COM CL A750,000$7.72M0.1%00.0%Unchanged–
HCM Acquisition CorpG4365A101CLASS A ORD SHS750,000$7.70M0.1%00.0%Unchanged–
ASCBFASPAC II Acquisition Corp.ORD SHS CL A750,000$7.67M0.1%00.0%UnchangedHistory
PPYAPapaya Growth Opportunity Corp. ICLASS A COM750,000$7.66M0.1%00.0%UnchangedHistory
PNSTPinstripes Holdings, Inc.CL A COM750,000$7.66M0.1%00.0%UnchangedHistory
Abpro Holdings, Inc.04845A108CLASS A COM750,000$7.64M0.1%00.0%Unchanged–
KnightSwan Acquisition Corp499103109CL A COM750,000$7.63M0.1%00.0%Unchanged–
Clean Earth Acquisitions Cor184493104CLASS A COM750,000$7.58M0.1%00.0%Unchanged–
FZTFAST Acquisition Corp. IICL A750,000$7.51M0.1%00.0%UnchangedHistory
ONYXOnyx Acquisition Co. ISHS CL A672,800$6.94M0.1%00.0%UnchangedHistory
WPCBWarburg Pincus Capital Corp I-BSHS CL A676,820$6.83M0.1%00.0%UnchangedHistory
Burtech Acquisition Corp123013104CLASS A COM661,307$6.72M0.1%00.0%Unchanged–
Avalon Acquisition Inc05338E101CLASS A COM640,549$6.57M0.1%00.0%Unchanged–
McLaren Technology Acq Corp58176U109CLASS A COM640,936$6.54M0.1%00.0%Unchanged–
Consilium Acquisitn Corp I LG2365L101CLASS A ORD SHS639,252$6.47M0.1%00.0%Unchanged–
Bullpen Parlay Acquisition CG1792A100CLASS A ORD SHS617,219$6.32M0.1%00.0%Unchanged–
BIOSBioPlus Acquisition Corp.CLASS A ORD SHS617,220$6.31M0.1%00.0%UnchangedHistory
ACAHAtlantic Coastal Acquisition Corp.CLASS A COM622,243$6.23M0.1%00.0%UnchangedHistory
FLDFold Holdings, Inc.COM CL A620,000$6.21M0.1%00.0%UnchangedHistory
MSSAFMetal Sky Star Acquisition CorpORDINARY SHARES600,000$6.11M0.1%00.0%UnchangedHistory
Sizzle Acquisition Corp.83014E109COMMON STOCK596,848$6.10M0.1%00.0%Unchanged–
GBBKGlobal Blockchain Acquisition Corp.COMMON STOCK600,000$6.05M0.1%00.0%UnchangedHistory
LATGChenghe Acquisition I Co.CLASS A ORD SHS550,000$5.65M0.1%00.0%UnchangedHistory
CITECartica Acquisition CorpCLASS A ORD SHS539,252$5.59M0.1%00.0%UnchangedHistory
Southland Holdings, Inc.52473Y104COM525,057$5.37M0.1%00.0%Unchanged–
CRECCrescera Capital Acquisition Corp.CLASS A ORD SHS512,748$5.24M0.1%00.0%UnchangedHistory
Roadzen Inc.G9320Z109CLASS A ORD509,330$5.22M0.1%00.0%Unchanged–
CURRCurrenc Group Inc.CL A ORD SHS500,000$5.18M0.1%00.0%UnchangedHistory
VMCAFValuence Merger Corp. ICLASS A ORD SHS500,000$5.17M0.1%00.0%UnchangedHistory
Sound Point Acquisition CorpG8274F101CLASS A ORD SHS500,000$5.16M0.1%00.0%Unchanged–
IVCBInvest Acquisition CorpCLASS A ORD SHS500,000$5.15M0.1%00.0%UnchangedHistory
Direct Selling Acquisitin Co25460L103CL A COM499,200$5.14M0.1%00.0%Unchanged–
Jaguar Global Growth Corp IG5S11A106CLASS A ORD SHS500,000$5.11M0.1%00.0%Unchanged–
Artemis Strategic Invt Corp04303A103COM CL A500,000$5.11M0.1%00.0%Unchanged–
LIBYLiberty Resources Acquisition Corp.CLASS A COM498,406$5.09M0.1%00.0%UnchangedHistory
DGNUDragoneer Growth Opportunities Corp. IIICL A SHS516,010$5.09M0.1%00.0%UnchangedHistory
Heartland Media Acquisition Corp.42237V108CL A COM500,000$5.08M0.1%00.0%Unchanged–
Nubia Brand International Co67022R103CLASS A COM500,000$5.08M0.1%00.0%Unchanged–
GoGreen Investments CorpG9461B101ORD SHS CL A480,069$4.98M0.1%00.0%Unchanged–
Evergreen CorpG3312W109CLASS A ORD SHS475,000$4.88M0.1%00.0%Unchanged–
SLAMSlam Corp.CL A SHS480,199$4.85M0.1%00.0%UnchangedHistory
Lead Edge Growth Oprtunts LTG54085108COM480,650$4.84M0.1%00.0%Unchanged–
GMFIAetherium Acquisition CorpCLASS A COM462,651$4.71M0.1%00.0%UnchangedHistory
TETEFTechnology & Telecommunication Acquisition CorpCLASS A ORD SHS456,220$4.70M0.1%00.0%UnchangedHistory
SHUASHUAA Partners Acquisition Corp ICLASS A ORD SHS450,000$4.66M0.1%00.0%UnchangedHistory
FTIIFutureTech II Acquisition Corp.CLASS A COM450,000$4.61M0.1%00.0%UnchangedHistory
Genesis GRWT Tech Acqustn CoG3R23D102CLASS A ORD SHS440,871$4.57M0.1%00.0%Unchanged–
Mountain & Co I Acquisitn CoG6301J104CLASS A ORD438,834$4.56M0.1%00.0%Unchanged–
Industrial Tech Acqstns II I45635R108CLASS A COM447,311$4.55M0.1%00.0%Unchanged–
Thrive Acquisition CorporatiG7158C101CLASS A ORD441,544$4.55M0.1%00.0%Unchanged–
EVEEVe Mobility Acquisition CorpCL A ORD SHS440,971$4.54M0.1%00.0%UnchangedHistory
Andretti Acquisition CorpG26735103CL A ORD SHS439,252$4.54M0.1%00.0%Unchanged–
BFACBattery Future Acquisition Corp.CL A ORD SHS440,871$4.53M0.1%00.0%UnchangedHistory
HAIAHealthcare AI Acquisition Corp.CLASS A ORD SHS440,871$4.52M0.1%00.0%UnchangedHistory
Sculptor Acquisition Corp IG7T983103CL A COM440,871$4.52M0.1%00.0%Unchanged–
PRLHPearl Holdings Acquisition CorpCLASS A ORD SHS440,871$4.51M0.1%00.0%UnchangedHistory
C5 Acquisition Corporation12530D105CL A COM439,252$4.49M0.1%00.0%Unchanged–
Southport Acquisition Corp84465L105CL A COM440,871$4.49M0.1%00.0%Unchanged–
Vision Sensing Acquisition C92838J103CLASS A COM435,612$4.48M0.1%00.0%Unchanged–
FRLAFortune Rise Acquisition CorpCL A433,688$4.48M0.1%00.0%UnchangedHistory
Tevogen Inc.G8028L107CLASS A ORD420,500$4.34M0.1%00.0%Unchanged–
WELIntegrated Wellness Acquisition CorpORD SHS CL A421,946$4.34M0.1%00.0%UnchangedHistory
CMCAFPiermont Valley Acquisition CorpCLASS A ORD SHS418,758$4.33M0.1%00.0%UnchangedHistory
Juniper II Corp48203N103CL A COM420,700$4.28M0.1%00.0%Unchanged–
Talon 1 Acquisition CorpG86656108CLASS A ORD409,054$4.24M0.1%00.0%Unchanged–
LIVBLIV Capital Acquisition Corp. IICLASS A ORD SHS400,000$4.10M0.1%00.0%UnchangedHistory
EONREON Resources Inc.COM CL A400,000$4.09M0.1%00.0%UnchangedHistory
Forest Road Acquisition Cor34619V103CL A399,500$4.01M0.1%00.0%Unchanged–
Khosla Ventures Acqut Co III482506102COM CL A401,600$4.00M0.1%00.0%Unchanged–
DUETDUET Acquisition Corp.CLASS A COM400,000$4.00M0.1%00.0%UnchangedHistory
Monterey Cap Acquisition Cor61244M109CLASS A COM375,000$3.76M0.1%00.0%Unchanged–
SUACShoulderUP Technology Acquisition Corp.CL A COM362,793$3.70M0.1%00.0%UnchangedHistory
ROSSBPGC Acquisition Corp.SHS CL A361,650$3.66M0.1%00.0%UnchangedHistory
APXIAPx Acquisition Corp. ICLASS A ORD SHS352,697$3.62M0.1%00.0%UnchangedHistory
Aura Fat Projs Acquisition CG06362100CLASS A ORD350,000$3.59M0.1%00.0%Unchanged–

Options (1)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

Option positions of Starboard Value in Q4 2022
SecurityClassPutsCalls
iShares Tr464287955PUT$2.05M–

Sold out since Q3 2022 (35)

Positions held at the end of Q3 2022 that are gone from this filing.

Positions of Starboard Value sold out since Q3 2022
SecurityClassShares in Q3 2022Value in Q3 2022% of portfolio in Q3 2022History
HUNHuntsman CORPCOM5,129,000$125.9M2.8%History
ACIWAci Worldwide, Inc.Stock1,213,000$25.4M0.6%History
EHTHeHealth, Inc.COM2,198,117$8.60M0.2%History
Digital Health Acquisition C253893101COMMON STOCK675,000$6.84M0.2%–
Mount Rainier Acquisition Corp.623006103COM637,964$6.44M0.1%–
Spindletop Health Acquisitio84854Q103COM CL A636,861$6.41M0.1%–
Industrial Human Capital, Inc.45617P104COM594,636$6.04M0.1%–
ROSERose Hill Acquisition CorpCLASS A ORD588,318$5.97M0.1%History
Joff Fintech Acquisition Cor46592C100COM CL A552,000$5.44M0.1%–
NCACNewcourt Acquisition CorpCLASS A ORD SHS516,222$5.23M0.1%History
GTIGraphjet TechnologyCLASS A ORD SHS501,954$5.09M0.1%History
Athena Consumer Acq Corp04684M106CL A505,276$5.08M0.1%–
Altimeter Growth Corp 2G0371B109COM CL A500,000$4.96M0.1%–
Orion Acquisition Corp68626A108COM CL A500,000$4.92M0.1%–
LGVLongview Acquisition Corp. IICOM CL A500,000$4.91M0.1%History
KKR Acquisition Holding I Co48253T109COM CLASS A475,245$4.68M0.1%–
VCXB10X Capital Venture Acquisition Corp. IIICL A ORD SHS439,252$4.44M0.1%History
Boa Acquisition Corp05601A109COM CL A434,267$4.32M0.1%–
Syntec Optics Holdings, Inc.68218C108CLASS A COM420,500$4.23M0.1%–
Verde Clean Fuels, Inc.15130M102CLASS A ORD SHS417,243$4.21M0.1%–
AVHIAchari Ventures Holdings Corp. ICOM419,500$4.20M0.1%History
Austerlitz Acquisition CorpG0633D109SHS CL A424,358$4.16M0.1%–
Parsec Capital Acquisition70184A108CL A358,497$3.63M0.1%–
Mission Advancement Corp60501L101CL A320,400$3.15M0.1%–
TriSalus Life Sciences, Inc.58507N105COM CL A298,368$2.96M0.1%–
OneMedNet Corp237699103CLASS A COM285,747$2.96M0.1%–
Apeiron Capital Invest Corp03752A101CL A COM294,444$2.95M0.1%–
FVTFortress Value Acquisition Corp. IIICOM CL A285,134$2.82M0.1%History
Carney Technology Acqu Corp143636108CL A COMMON STK275,000$2.74M0.1%–
Sanaby Health Acquisition Co79956P102CL A COM251,700$2.55M0.1%–
Hunt Companies AcquisitioG46482108CL ACOM210,250$2.13M<0.1%–
Soar Technology Acquisn CorpG82472112CL A COM161,990$1.67M<0.1%–
Parabellum Acquisition Corp.69901P109COM CL A125,200$1.24M<0.1%–
CEROCero Therapeutics Holdings, Inc.CLASS A COM21,275$215.0K<0.1%History
Arbor Rapha Cap Biohlds Corp03881F104CLASS A COM20,975$212.0K<0.1%–