Great investors · Jeff Smith
Jeff Smith portfolio · Q2 2026
Jeff Smith, founder of Starboard Value. This is the stock portfolio Starboard Value reported to the SEC (Form 13F) as of Jun 30, 2026, filed on Aug 14, 2026.
The 13F is filed by the firm, not the person: when this page says what Jeff Smith “owns” or “bought”, it means the positions of Starboard Value as a whole.
Next 13F: Q3 2026 usually filed ~Nov 16, 2026; deadline Nov 16, 2026. See the quarter page →
What stocks does Jeff Smith own?
The largest positions of Starboard Value in Q2 2026 are IJH, QRVO, KVUE, DT, AQN.
- 1iShares Core S&P Midcap ETFIJHIncreased15.1%Since Q4 2024 · 7 quartersIt bought in 4 quarters. Quarter-end prices of those quarters per 13F: $62.02 to $77.11.
- 2QorvoQRVOReduced11.6%Since Q1 2025 · 6 quartersIt bought in 1 quarter. Quarter-end price of that quarter per 13F: $72.41.
- 3KenvueKVUE11.5%Since Q4 2024 · 7 quartersIt bought in 2 quarters. Quarter-end prices of those quarters per 13F: $17.25 to $21.35.
- 4DynatraceDTNew8.6%Since Q2 2026 · 1 quarterIt bought in 1 quarter. Quarter-end price of that quarter per 13F: $43.91.
- 5Algonquin Power & UtilitiesAQN7.4%Since Q2 2023 · 13 quartersIt bought in 5 quarters. Quarter-end prices of those quarters per 13F: $4.45 to $8.26.
- 6Match GroupMTCHReduced6.5%Since Q3 2024 · 8 quartersIt bought in 4 quarters. Quarter-end prices of those quarters per 13F: $30.89 to $37.84.
- 7Acacia ResearchACTG6.3%Since Q4 2022 · 15 quartersIt bought in 3 quarters. Quarter-end prices of those quarters per 13F: $3.65 to $4.21.
- 8RIOT PlatformsRIOTReduced6.1%Since Q4 2024 · 7 quartersIt bought in 4 quarters. Quarter-end prices of those quarters per 13F: $10.21 to $19.03.
- 9BILL HoldingsBILL5.6%Since Q3 2025 · 4 quartersIt bought in 1 quarter. Quarter-end price of that quarter per 13F: $52.97.
- 10Lamb Weston HoldingsLWReduced5.5%Since Q1 2026 · 2 quartersIt bought in 1 quarter. Quarter-end price of that quarter per 13F: $42.26.
Where there are two tickers (e.g. GOOGL · GOOG) they are two share classes of the same company and the weight is the sum: that is why there are 19 rows here and the 13F has 21 positions.
“Since”: first quarter of the current run, unbroken until today. 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.
What did Jeff Smith buy in Q2 2026?
- NewDynatraceDT8.6% of portfolio
- IncreasediShares Core S&P Midcap ETFIJH+52% shares · 15.1% of portfolio
- NewFlowserveFLS2.4% of portfolio
What did Jeff Smith sell in Q2 2026?
- ReducedQorvoQRVO−25% shares · 11.6% of portfolio
- ReducedCarmaxKMX−48% shares · 3.8% of portfolio
- ReducedRIOT PlatformsRIOT−35% shares · 6.1% of portfolio
- Sold outGen DigitalGENwas 3.2%
- ReducedMatch GroupMTCH−32% shares · 6.5% of portfolio
- Sold outBecton, DickinsonBDXwas 2.2%
- ReducedHealthcare Realty TrustHR−72% shares · 0.9% of portfolio
- ReducedNewsNWSA2.6% of portfolio
3 positions opened or added to and 14 trimmed or closed, against the previous quarter's 13F. Each is measured the same way across the page: how much the share count changed and its weight in the portfolio today (share classes of the same company added together). The 13F has 17 positions with a change, 15 of them material (0.5 points of the portfolio or more). All full exits are listed, even those that moved less than 0.5 points of the portfolio. Where an increase or cut shows no share change, it adds up two share classes of the same company (e.g. GOOGL and GOOG).
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
Source: SEC 13F filings show the portfolio at quarter end and are filed up to 45 days later: positions may have changed. They only cover U.S.-listed stocks and some others; no short positions or cash. Not investment advice.