Jeff Smith portfolio: stocks, buys and sells →
Starboard Value: full 13F, sectors and history
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Starboard Value reported a $4.5 bn portfolio of 19 companies (21 positions, counting each share class separately) to the SEC as of the end of Q2 2026. Its largest positions are IJH, QRVO, KVUE. During the quarter it opened Dynatrace and Flowserve and exited Gen Digital and Becton, Dickinson.
Sections with a free account
What it reported after the quarter end (Q2 2026)
The 13F shows the portfolio as of Jun 30, 2026. Since then Starboard Value has filed these own trades with the SEC (Form 4, when it owns more than 10% of a company or holds a role in it) and stakes above 5% (13D and 13G). It is not everything it did: only what it must report before the next 13F.
Stake reported in the company · event of Oct 5, 2026 · filed Oct 6, 2026 · filing ↗
What changed this quarter
17 positions with a change (2 new, 1 added to, 11 trimmed, 3 sold); also, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Dynatrace+8.5 ppof portfolioNew— → 8.6%
- iShares Core S&P Midcap ETF+52%more sharesIncreased8.6% → 15.1%
- Qorvo−25%fewer sharesReduced12.7% → 11.6%
- Carmax−48%fewer sharesReduced5.6% → 3.8%
- Riot Platforms−35%fewer sharesReduced4.2% → 6.1%
- Gen Digital−3.2 ppof portfolioSold out3.2% → —
- Match Group−32%fewer sharesReduced7.7% → 6.5%
- Flowserve+2.3 ppof portfolioNew— → 2.4%
- Becton, Dickinson−2.2 ppof portfolioSold out2.2% → —
- Healthcare Realty Trust−72%fewer sharesReduced2.5% → 0.9%
- News−2.0 ppof portfolioReduced4.7% → 2.6%
- Tripadvisor−53%fewer sharesReduced2.5% → 1.5%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- iShares Core S&P Midcap ETFIJH15.1%
- QorvoQRVO11.6%
- KenvueKVUE11.5%
- DynatraceDT8.6%
- Algonquin Power & UtilitiesAQN7.4%
- Match GroupMTCH6.5%
- Acacia ResearchACTG6.3%
- RIOT PlatformsRIOT6.1%
- BILL HoldingsBILL5.6%
- Lamb Weston HoldingsLW5.5%
- CarmaxKMX3.8%
- NewsNWS · NWSA2.6%
- FlowserveFLS2.4%
- FluorFLR1.8%
- GPGIGPGI1.8%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Information Technology 32%
- ● Consumer Staples 17%
- ● No sector 15%
- ● Communication Services 11%
- ● Financials 8%
- ● Utilities 7%
- ● Consumer Discretionary 5%
- ● Industrials 4%
- ● Real Estate 1%
How its portfolio changed (8 quarters)
Q2 2026: 21
Q2 2026: 84%
Q2 2026: 22.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Declared options (1)
Besides stocks, Starboard Value declared 1 put (they gain if the stock falls) with a notional of $1.9M. The 13F reports the value of the underlying shares, not the premium paid, so these figures look large and are not added to the portfolio. Nor does it say whether the option is bought or written, or its strike or expiry: it may be a hedge.
- PUTRiot PlatformsRIOT$1.9M
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Sep 11, 2026 (high confidence).
The data, as reported: STARBOARD VALUE LP (CRD 156943): 7.B private funds: 2 hedge (gross assets $5.5 bn); 5.D assets by client type: pooled vehicles 67%, governments 23%, sovereign funds 7% (of $8.2 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
Similar managers by type and size
Same type of filer and a 13F portfolio value between a third and three times this one. It is not a comparison of what they hold.
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