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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 Q1 2023

Holdings as of Mar 31, 2023, filed May 17, 2023. Long positions only; changes compare share counts with Q4 2022.

Institution overview
Positions
105
−42 vs. Q4 2022
Portfolio value
$4.99B
−$229.0M (−4.4%) vs. Q4 2022
Filed
May 17, 2023
AmendedSECSEC
Holdings of Starboard Value in Q1 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
GDDYGoDaddy Inc.CL A10,059,453$781.8M15.7%−173,602−1.7%ReducedHistory
CRMSalesforce, Inc.Stock2,530,983$505.6M10.1%−494,999−16.4%ReducedHistory
ACMAecomCOM5,386,000$454.1M9.1%−1,588,316−22.8%ReducedHistory
SPLKSplunk IncCOM4,583,000$439.4M8.8%+2,716,120+145.5%AddedHistory
WTWWillis Towers Watson PLCSHS1,819,397$422.8M8.5%−106,094−5.5%ReducedHistory
HUMHumana IncStock800,000$388.4M7.8%+25,000+3.2%AddedHistory
GENGen Digital Inc.Stock18,914,794$324.6M6.5%00.0%UnchangedHistory
VRTVertiv Holdings CoCOM CL A16,818,581$240.7M4.8%−83,320−0.5%ReducedHistory
WIXWix.com Ltd.SHS1,972,076$196.8M3.9%−350,000−15.1%ReducedHistory
MRCYMercury Systems IncCOM3,772,291$192.8M3.9%00.0%UnchangedHistory
ROGRogers CorpCOM1,028,200$168.0M3.4%+1,028,200NewHistory
iShares Tr464287630RUS 2000 VAL ETF900,000$123.3M2.5%00.0%Unchanged–
GDOTGreen Dot CorpCL A5,294,110$91.0M1.8%00.0%UnchangedHistory
CVLTCommvault Systems IncCOM1,588,554$90.1M1.8%+42,554+2.8%AddedHistory
ACTGAcacia Research CorpACACIA TCH COM20,000,000$77.2M1.5%+15,000,000+300.0%AddedHistory
PZZAPapa Johns International IncStock582,432$43.6M0.9%−2,176,928−78.9%ReducedHistory
ENOVEnovis CORPCOM353,165$18.9M0.4%00.0%UnchangedHistory
Liveperson Inc538146AD3NOTE 12/1–$18.1M0.4%–New–
ONOn Semiconductor CorpStock200,000$16.5M0.3%−750,000−78.9%ReducedHistory
RBARB Global Inc.COM251,163$14.1M0.3%+251,163NewHistory
iShares Russell Midcap ETF464287499ETF150,000$10.5M0.2%00.0%Unchanged–
LPSNLiveperson IncCOM2,360,000$10.4M0.2%−4,645,000−66.3%ReducedHistory
SVIISpring Valley Acquisition Corp. IICLASS A ORD850,000$8.79M0.2%00.0%UnchangedHistory
Kimbell Tiger Acquisition Co49436K106COM CL A750,000$7.90M0.2%00.0%Unchanged–
Investcorp India Acquistn CoG49219101CLASS A ORD SHS750,000$7.89M0.2%00.0%Unchanged–
HCM Acquisition CorpG4365A101CLASS A ORD SHS750,000$7.83M0.2%00.0%Unchanged–
KnightSwan Acquisition Corp499103109CL A COM750,000$7.81M0.2%00.0%Unchanged–
PNSTPinstripes Holdings, Inc.CL A COM750,000$7.80M0.2%00.0%UnchangedHistory
PPYAPapaya Growth Opportunity Corp. ICLASS A COM750,000$7.80M0.2%00.0%UnchangedHistory
ASCBFASPAC II Acquisition Corp.ORD SHS CL A750,000$7.79M0.2%00.0%UnchangedHistory
Abpro Holdings, Inc.04845A108CLASS A COM750,000$7.79M0.2%00.0%Unchanged–
Clean Earth Acquisitions Cor184493104CLASS A COM750,000$7.70M0.2%00.0%Unchanged–
Avalon Acquisition Inc05338E101CLASS A COM640,549$6.68M0.1%00.0%Unchanged–
Consilium Acquisitn Corp I LG2365L101CLASS A ORD SHS639,252$6.62M0.1%00.0%Unchanged–
Wix.com Ltd.92940WAD1NOTE 8/1–$6.50M0.1%–New–
BIOSBioPlus Acquisition Corp.CLASS A ORD SHS617,220$6.44M0.1%00.0%UnchangedHistory
Bullpen Parlay Acquisition CG1792A100CLASS A ORD SHS617,219$6.43M0.1%00.0%Unchanged–
CYXTCyxtera Technologies, Inc.COMMON STOCK20,767,571$6.34M0.1%00.0%UnchangedHistory
FLDFold Holdings, Inc.COM CL A620,000$6.34M0.1%00.0%UnchangedHistory
GBBKGlobal Blockchain Acquisition Corp.COMMON STOCK600,000$6.17M0.1%00.0%UnchangedHistory
LATGChenghe Acquisition I Co.CLASS A ORD SHS550,000$5.76M0.1%00.0%UnchangedHistory
CITECartica Acquisition CorpCLASS A ORD SHS539,252$5.67M0.1%00.0%UnchangedHistory
CRECCrescera Capital Acquisition Corp.CLASS A ORD SHS512,748$5.36M0.1%00.0%UnchangedHistory
Roadzen Inc.G9320Z109CLASS A ORD509,330$5.32M0.1%00.0%Unchanged–
Nubia Brand International Co67022R103CLASS A COM500,000$5.28M0.1%00.0%Unchanged–
Sound Point Acquisition CorpG8274F101CLASS A ORD SHS500,000$5.27M0.1%00.0%Unchanged–
VMCAFValuence Merger Corp. ICLASS A ORD SHS500,000$5.26M0.1%00.0%UnchangedHistory
LIBYLiberty Resources Acquisition Corp.CLASS A COM498,406$5.24M0.1%00.0%UnchangedHistory
Heartland Media Acquisition Corp.42237V108CL A COM500,000$5.21M0.1%00.0%Unchanged–
Jaguar Global Growth Corp IG5S11A106CLASS A ORD SHS500,000$5.20M0.1%00.0%Unchanged–
Artemis Strategic Invt Corp04303A103COM CL A500,000$5.17M0.1%00.0%Unchanged–
ISRLFIsrael Acquisitions CorpCLASS A ORD500,000$5.12M0.1%+500,000NewHistory
GoGreen Investments CorpG9461B101ORD SHS CL A480,069$5.06M0.1%00.0%Unchanged–
Evergreen CorpG3312W109CLASS A ORD SHS475,000$4.97M0.1%00.0%Unchanged–
SHUASHUAA Partners Acquisition Corp ICLASS A ORD SHS450,000$4.72M0.1%00.0%UnchangedHistory
FTIIFutureTech II Acquisition Corp.CLASS A COM450,000$4.71M0.1%00.0%UnchangedHistory
Industrial Tech Acqstns II I45635R108CLASS A COM447,311$4.65M0.1%00.0%Unchanged–
FRLAFortune Rise Acquisition CorpCL A433,688$4.62M0.1%00.0%UnchangedHistory
Andretti Acquisition CorpG26735103CL A ORD SHS439,252$4.62M0.1%00.0%Unchanged–
BFACBattery Future Acquisition Corp.CL A ORD SHS440,871$4.60M0.1%00.0%UnchangedHistory
PRLHPearl Holdings Acquisition CorpCLASS A ORD SHS440,871$4.60M0.1%00.0%UnchangedHistory
Sculptor Acquisition Corp IG7T983103CL A COM440,871$4.60M0.1%00.0%Unchanged–
EVEEVe Mobility Acquisition CorpCL A ORD SHS440,971$4.60M0.1%00.0%UnchangedHistory
HAIAHealthcare AI Acquisition Corp.CLASS A ORD SHS440,871$4.60M0.1%00.0%UnchangedHistory
C5 Acquisition Corporation12530D105CL A COM439,252$4.59M0.1%00.0%Unchanged–
Southport Acquisition Corp84465L105CL A COM440,871$4.59M0.1%00.0%Unchanged–
Vision Sensing Acquisition C92838J103CLASS A COM435,612$4.57M0.1%00.0%Unchanged–
WELIntegrated Wellness Acquisition CorpORD SHS CL A421,946$4.43M0.1%00.0%UnchangedHistory
CMCAFPiermont Valley Acquisition CorpCLASS A ORD SHS418,758$4.40M0.1%00.0%UnchangedHistory
Juniper II Corp48203N103CL A COM420,700$4.37M0.1%00.0%Unchanged–
LIVBLIV Capital Acquisition Corp. IICLASS A ORD SHS400,000$4.18M0.1%00.0%UnchangedHistory
EONREON Resources Inc.COM CL A400,000$4.18M0.1%00.0%UnchangedHistory
DUETDUET Acquisition Corp.CLASS A COM400,000$4.14M0.1%00.0%UnchangedHistory
Khosla Ventures Acqut Co III482506102COM CL A401,600$4.08M0.1%00.0%Unchanged–
Monterey Cap Acquisition Cor61244M109CLASS A COM375,000$3.85M0.1%00.0%Unchanged–
SUACShoulderUP Technology Acquisition Corp.CL A COM362,793$3.77M0.1%00.0%UnchangedHistory
Aura Fat Projs Acquisition CG06362100CLASS A ORD350,000$3.65M0.1%00.0%Unchanged–
Semnur Pharmaceuticals, Inc.G6256B106CLASS A ORD300,000$3.14M0.1%00.0%Unchanged–
AIEVThunder Power Holdings, Inc.CL A COM300,000$3.13M0.1%+300,000NewHistory
Aimfinity Investment Corp. IG0135E142UNIT 04/21/2027300,000$3.10M0.1%00.0%Unchanged–
Ahren Acquisition Corp.G01322109CLASS A ORD SHS295,825$3.08M0.1%00.0%Unchanged–
PGSSPegasus Digital Mobility Acquisition Corp.CL A ORD SHS251,700$2.63M0.1%00.0%UnchangedHistory
BMACBlack Mountain Acquisition Corp.CL A COM231,829$2.41M<0.1%00.0%UnchangedHistory
Cactus Acquisition Corp. 1 LtdG1745A108CLASS A ORD225,876$2.36M<0.1%00.0%Unchanged–
CFFSCF Acquisition Corp. VIICLASS A COM220,436$2.28M<0.1%00.0%UnchangedHistory
Green Visor Fin Tec Acq CorpG4166K100CLASS A ORD210,250$2.21M<0.1%00.0%Unchanged–
Nabors Energy Transition Cor629567108CL A COM210,250$2.21M<0.1%00.0%Unchanged–
GCT Semiconductor Holding, Inc.20607V106COM CL A210,250$2.18M<0.1%00.0%Unchanged–
LGVCLAMF Global Ventures Corp. ICLASS A ORD207,548$2.17M<0.1%00.0%UnchangedHistory
M3-Brigade Acquisition III Corp.55407R103CL A COM209,750$2.17M<0.1%00.0%Unchanged–
Ftac Zeus Acquisition Cor30320F106CLASS A COM210,250$2.16M<0.1%00.0%Unchanged–
Eg Acquisition Corp26846A100COM CL A203,250$2.07M<0.1%00.0%Unchanged–
Ap Acquisition CorpG04058106CL A ORD SHS176,348$1.86M<0.1%00.0%Unchanged–
PHYTPyrophyte Acquisition Corp.CL A ORD SHS167,800$1.76M<0.1%00.0%UnchangedHistory
NFNTInfinite Acquisition Corp.CL A ORD SHS168,200$1.75M<0.1%00.0%UnchangedHistory
VMG Consumer Acquisition Cor91842V102CLASS A COM168,200$1.74M<0.1%00.0%Unchanged–
TCVATCV Acquisition Corp.CL A SHS136,910$1.40M<0.1%00.0%UnchangedHistory
RCFAPerception Capital Corp. IVCL A COM127,050$1.33M<0.1%00.0%UnchangedHistory
Anthemis Digital AcquisitionG03959106CLASS A ORD125,850$1.32M<0.1%00.0%Unchanged–
DEVSFDevvStream Corp.CLASS A COM125,850$1.31M<0.1%00.0%UnchangedHistory

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 Q1 2023
SecurityClassPutsCalls
iShares Russell 2000 ETF464287655ETF$412.8K–

Sold out since Q4 2022 (48)

Positions held at the end of Q4 2022 that are gone from this filing.

Positions of Starboard Value sold out since Q4 2022
SecurityClassShares in Q4 2022Value in Q4 2022% of portfolio in Q4 2022History
iShares Russell 2000 ETF464287655ETF519,380$90.6M1.7%–
MDPediatrix Medical Group, Inc.COM5,473,971$81.3M1.6%History
IRRXIntegrated Rail & Resources Acquisition CorpCL A COM937,845$9.66M0.2%History
FZTFAST Acquisition Corp. IICL A750,000$7.51M0.1%History
ONYXOnyx Acquisition Co. ISHS CL A672,800$6.94M0.1%History
WPCBWarburg Pincus Capital Corp I-BSHS CL A676,820$6.83M0.1%History
Burtech Acquisition Corp123013104CLASS A COM661,307$6.72M0.1%–
McLaren Technology Acq Corp58176U109CLASS A COM640,936$6.54M0.1%–
ACAHAtlantic Coastal Acquisition Corp.CLASS A COM622,243$6.23M0.1%History
MSSAFMetal Sky Star Acquisition CorpORDINARY SHARES600,000$6.11M0.1%History
Sizzle Acquisition Corp.83014E109COMMON STOCK596,848$6.10M0.1%–
Southland Holdings, Inc.52473Y104COM525,057$5.37M0.1%–
CURRCurrenc Group Inc.CL A ORD SHS500,000$5.18M0.1%History
IVCBInvest Acquisition CorpCLASS A ORD SHS500,000$5.15M0.1%History
Direct Selling Acquisitin Co25460L103CL A COM499,200$5.14M0.1%–
DGNUDragoneer Growth Opportunities Corp. IIICL A SHS516,010$5.09M0.1%History
SLAMSlam Corp.CL A SHS480,199$4.85M0.1%History
Lead Edge Growth Oprtunts LTG54085108COM480,650$4.84M0.1%–
GMFIAetherium Acquisition CorpCLASS A COM462,651$4.71M0.1%History
TETEFTechnology & Telecommunication Acquisition CorpCLASS A ORD SHS456,220$4.70M0.1%History
Genesis GRWT Tech Acqustn CoG3R23D102CLASS A ORD SHS440,871$4.57M0.1%–
Mountain & Co I Acquisitn CoG6301J104CLASS A ORD438,834$4.56M0.1%–
Thrive Acquisition CorporatiG7158C101CLASS A ORD441,544$4.55M0.1%–
Tevogen Inc.G8028L107CLASS A ORD420,500$4.34M0.1%–
Talon 1 Acquisition CorpG86656108CLASS A ORD409,054$4.24M0.1%–
Forest Road Acquisition Cor34619V103CL A399,500$4.01M0.1%–
ROSSBPGC Acquisition Corp.SHS CL A361,650$3.66M0.1%History
APXIAPx Acquisition Corp. ICLASS A ORD SHS352,697$3.62M0.1%History
Zeo Energy Corp.G3R95N103SHS CL A341,339$3.53M0.1%–
ALORALSP Orchid Acquisition Corp ICLASS A ORD322,884$3.30M0.1%History
Genesis Unicorn Capital Corp.37187C100CLASS A COM325,000$3.30M0.1%–
Veea Inc.G7134L126CLASS A ORD SHS321,518$3.24M0.1%–
Innovative Intl Acqusitin CoG4809M109CLASS A ORD313,025$3.22M0.1%–
Counter Press Acquisition CorpG2542B117CLASS A ORD SHS300,000$3.08M0.1%–
ACACAcri Capital Acquisition CorpCOM CL A300,000$3.07M0.1%History
Feutune Light Acquisition Co31561T201UNIT 06/01/2029300,000$3.05M0.1%–
ASPAC I Acquisition Corp.G0542S106CLASS A ORD SHS250,000$2.55M<0.1%–
HERAFTAC Hera Acquisition Corp.CLASS A ORD SHS250,000$2.53M<0.1%History
Lionheart III Corp536262108CLASS A COM220,436$2.25M<0.1%–
JMACMaxpro Capital Acquisition Corp.CLASS A COM210,028$2.18M<0.1%History
Catalyst Partnrs Acquisitn CG19550105CLASS A ORD SHS203,250$2.05M<0.1%–
HHLAHH&L Acquisition Co.SHS CL A200,000$2.02M<0.1%History
Ares Acquisition CorporationG33032106COM CL A200,000$2.01M<0.1%–
Ascendant Digital Acq Corp IG05157105CL A COM181,259$1.87M<0.1%–
OCEAOcean Biomedical, Inc.CLASS A COM144,169$1.50M<0.1%History
LF Capital Acquisition Corp. II50202D102CLASS A COM140,326$1.44M<0.1%–
IQMDIntelligent Medicine Acquisition Corp.CLASS A COM106,893$1.10M<0.1%History
BCSABlockchain Coinvestors Acquisition Corp. ICLASS A ORD84,100$861.2K<0.1%History