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Starboard Value

Superinvestor

Starboard Value LP

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

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 14, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
20
−4 vs. Q2 2025
Portfolio value
$5.31B
−$454.4M (−7.9%) vs. Q2 2025
Filed
Nov 14, 2025
SEC
Holdings of Starboard Value in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
QRVOQorvo, Inc.Stock7,510,871$684.1M12.9%−361,996−4.6%ReducedHistory
ADSKAutodesk, Inc.COM1,313,000$417.1M7.8%−154,348−10.5%ReducedHistory
MTCHMatch Group, Inc.COM11,070,379$391.0M7.4%−4,241,537−27.7%ReducedHistory
BILLBILL Holdings, Inc.Stock7,024,848$372.1M7.0%+7,024,848NewHistory
GENGen Digital Inc.Stock12,171,000$345.5M6.5%−1,159,505−8.7%ReducedHistory
iShares Core S&P Mid-Cap ETF464287507ETF5,250,656$342.7M6.4%00.0%Unchanged–
AQNAlgonquin Power & Utilities Corp.COM63,489,420$340.9M6.4%00.0%UnchangedHistory
KVUEKenvue Inc.Stock20,929,938$339.7M6.4%00.0%UnchangedHistory
CRMSalesforce, Inc.Stock1,242,150$294.4M5.5%−10,097−0.8%ReducedHistory
HRHealthcare Realty Trust IncCL A COM14,490,036$261.3M4.9%−4,800,636−24.9%ReducedHistory
BDXBecton Dickinson & CoStock1,207,998$226.1M4.3%−1,411,492−53.9%ReducedHistory
NWSNews CorpCL B6,017,000$207.9M3.9%−845,525−12.3%ReducedHistory
ACTGAcacia Research CorpACACIA TCH COM61,123,595$198.7M3.7%00.0%UnchangedHistory
NWSANews CorpCL A6,381,716$196.0M3.7%−417,220−6.1%ReducedHistory
RIOTRiot Platforms, Inc.COM8,818,000$167.8M3.2%+4,141,100+88.5%AddedHistory
TRIPTripAdvisor, Inc.COM9,510,484$154.6M2.9%+1,011,430+11.9%AddedHistory
ALITAlight, Inc. / DelawareCOM CL A45,865,899$149.5M2.8%00.0%UnchangedHistory
ROGRogers CorpCOM1,676,502$134.9M2.5%+777,000+86.4%AddedHistory
BLMNBloomin' Brands, Inc.COM7,980,992$57.2M1.1%00.0%UnchangedHistory
iShares Russell 2000 ETF464287655ETF137,000$33.1M0.6%−203,000−59.7%Reduced–

Sold out since Q2 2025 (5)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Starboard Value sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
PFEPfizer IncStock8,542,149$207.1M3.6%History
RBARB Global Inc.COM251,163$26.7M0.5%History
GDOTGreen Dot CorpCL A1,733,298$18.7M0.3%History
FTREFortrea Holdings Inc.COMMON STOCK2,495,558$12.3M0.2%History
Wix.com Ltd.92940WAD1NOTE 8/17,095,000$7.08M0.1%–