SV
Starboard Value LP 13F Disclosure (Q2 2026) — Portfolio & Holdings
Starboard Value LPCIK: 0001517137
Momentum followerQuality / disciplined sizingSector-focused
Total reported value
$4.5B
Reporting period: 2026-06-30 · Number of holdings: 22
Starboard Value LP disclosed 22 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $4.5B and a quarterly turnover rate of 41.7%.
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Personality snowflake
- Concentration
- 33.61
- Portfolio Stability
- 41.75
- Momentum
- 100
- Sector conviction
- 74.24
- Diversification
- 42
- Sizing Uniformity
- 91.04
Starboard Value LP's disclosed holdings carry a Herfindahl concentration index of 0.084 — mathematically equivalent to about 12 equally-sized positions, well below its 22 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.90), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 67% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy DT
Add IJH
+52.3% $290.8M
Sold out GEN
Sold out CWAN
New buy FLS
Sold out BDX
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 21 holdings (of 22 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 15.13% | +6.52% | +52.26% | |
| 2 | QRVO | Qorvo Inc | Stock-Tech | 11.57% | -1.14% | -25.29% | |
| 3 | KVUE | Kenvue Inc | Stock-Consumer Staples | 11.54% | +1.25% | — | |
| 4 | DT | Dynatrace Inc | Stock-Tech | 8.61% | +8.61% | NEW | |
| 5 | AQN | Algonquin Power & Utilities | Stock-Other | 7.41% | -0.27% | — | |
| 6 | MTCH | Match Group Inc | Stock-Comm Services | 6.54% | -1.11% | -31.77% | |
| 7 | ACTG | Acacia Research CORP | Stock-Other | 6.30% | -0.13% | — | |
| 8 | RIOT | Riot Platforms Inc | Stock-Financials | 6.16% | +1.94% | -23.25% | |
| 9 | BILL | Bill Holdings Inc | Stock-Tech | 5.62% | -0.26% | +0.01% | |
| 10 | LW | Lamb Weston Holdings Inc | Stock-Consumer Staples | 5.47% | -0.18% | -6.23% | |
| 11 | KMX | Carmax Inc | Stock-Consumer Disc | 3.75% | -1.89% | -48.29% | |
| 12 | FLS | Flowserve CORP | Stock-Industrials | 2.36% | +2.36% | NEW | |
| 13 | FLR | Fluor CORP | Stock-Industrials | 1.84% | -1.10% | -45.04% | |
| 14 | GPGI | Gpgi Inc | Stock-Other | 1.76% | -0.12% | — | |
| 15 | TRIP | Tripadvisor Inc | Stock-Other | 1.54% | -0.97% | -52.70% | |
| 16 | NWS | News CORP - Class B | Stock-Comm Services | 1.51% | -0.10% | -6.10% | |
| 17 | NWSA | News CORP - Class A | Stock-Comm Services | 1.12% | -1.93% | -63.60% | |
| 18 | HR | Healthcare Realty Trust Inc | Stock-Real Estate | 0.86% | -1.67% | -71.61% | |
| 19 | BLMN | Bloomin' Brands Inc | Stock-Other | 0.84% | -0.10% | -47.61% | |
| 20 | ✓ | Bitcoin Infrastructure Acqui Usd Cl | Stock-Other | 0.07% | — | — | |
| 21 | ✓ | Stock-Other | — | — | — |
Portfolio Performance
Performance for Q3 2026
+5.8%
Performance Last 4 Quarters
-25.5%
- Stdev
- +23.3%
- Beta
- +1.33
- Alpha
- -34.9%
- Max Drawdown
- -56.9%
- Annualized Perf
- -10.4%
- Batting Avg vs S&P
- +27.8%
- Sortino
- -0.51
- Stutzer
- -0.1
- Treynor
- -0.06
- Sterling
- -0.31
- Calmar
- -0.18
- Information Ratio
- -1.74
- Tracking Error
- +16.2%
- Stdev Down
- +16.2%
- Winning Months %
- +41.7%
- Losing Months %
- +58.3%
- Best 12 Months
- +32.9%
- Worst 12 Months
- -47.4%
- Efficiency Ratio
- +0.14
- Sharpe
- -0.36
- Stdev Sectors
- +12.2%
- Skewness
- +0.68
- Kurtosis
- +0.06
- Upside Potential
- +1.8
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 22 | $4.5B | 42 | ||
| 2026 Q1 | 26 | $4.6B | 45 | ||
| 2025 Q4 | 22 | $5.3B | 26 | ||
| 2025 Q3 | 20 | $5.3B | 40 | ||
| 2025 Q2 | 25 | $5.8B | 0 | ||
| 2025 Q1 | 22 | $5.5B | 100 | ||
| 2024 Q4 | 22 | $5.5B | 0 | ||
| 2024 Q3 | 20 | $4.7B | 0 | ||
| 2024 Q2 | 20 | $4.3B | 0 | ||
| 2024 Q1 | 23 | $4.8B | 0 | ||
| 2023 Q4 | 28 | $4.8B | 0 | ||
| 2023 Q3 | 25 | $3.9B | 0 | ||
| 2023 Q2 | 48 | $4.6B | 0 | ||
| 2023 Q1 | 104 | $5.0B | 0 | ||
| 2022 Q4 | 148 | $5.2B | 0 | ||
| 2022 Q3 | 177 | $4.5B | 0 | ||
| 2022 Q2 | 185 | $5.5B | 0 | ||
| 2022 Q1 | 171 | $7.5B | 0 | ||
| 2021 Q4 | 136 | $7.2B | 0 | ||
| 2021 Q3 | 67 | $5.5B | 0 | ||
| 2021 Q2 | 73 | $5.1B | 96 | ||
| 2021 Q1 | 38 | $4.7B | 22 | ||
| 2020 Q4 | 18 | $3.9B | 58 | ||
| 2020 Q3 | 19 | $3.4B | 54 | ||
| 2020 Q2 | 21 | $2.8B | 31 | ||
| 2020 Q1 | 18 | $2.5B | 71 | ||
| 2019 Q4 | 16 | $3.5B | 100 | ||
| 2019 Q3 | 16 | $3.0B | 32 | ||
| 2019 Q2 | 20 | $3.3B | 36 | ||
| 2019 Q1 | 20 | $4.1B | 66 | ||
| 2018 Q4 | 16 | $3.2B | 46 | ||
| 2018 Q3 | 16 | $3.9B | 39 | ||
| 2018 Q2 | 18 | $4.0B | 31 | ||
| 2018 Q1 | 16 | $4.6B | 36 | ||
| 2017 Q4 | 19 | $4.1B | 30 | ||
| 2017 Q3 | 24 | $3.7B | 29 | ||
| 2017 Q2 | 22 | $3.4B | 57 | ||
| 2017 Q1 | 21 | $3.3B | 32 | ||
| 2016 Q4 | 23 | $3.4B | 46 | ||
| 2016 Q3 | 24 | $3.7B | 55 | ||
| 2016 Q2 | 23 | $2.8B | 35 | ||
| 2016 Q1 | 18 | $2.8B | 66 | ||
| 2015 Q4 | 23 | $3.7B | 36 | ||
| 2015 Q3 | 32 | $4.5B | 61 | ||
| 2015 Q2 | 36 | $4.4B | 33 | ||
| 2015 Q1 | 28 | $4.8B | 33 | ||
| 2014 Q4 | 30 | $4.4B | 100 | ||
| 2014 Q3 | 28 | $2.9B | 0 | ||
| 2014 Q2 | 29 | $2.6B | 49 | ||
| 2014 Q1 | 24 | $1.8B | 100 | ||
| 2013 Q4 | 23 | $2.0B | 0 | ||
| 2013 Q3 | 25 | $1.2B | 0 | ||
| 2013 Q2 | 25 | $1.4B | 100 |
Holding changes this quarter
Starboard Value LP's most significant position changes for 2026-06-30: New buy: Dynatrace Inc (DT); Sold out: Gen Digital Inc (GEN); Sold out: Clearwater Analytics Holdings, Inc. (CWAN); New buy: Flowserve CORP (FLS); Sold out: Becton Dickinson And Co (BDX).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | DT | Dynatrace Inc | +8.6% | NEW | New buy |
| 2 | IJH | Ishares Core S&p Midcap ETF | +6.5% | +52.26% | Add |
| 3 | FLS | Flowserve CORP | +2.4% | NEW | New buy |
| 4 | RIOT | Riot Platforms Inc | +1.9% | -23.25% | Trim |
| 5 | KVUE | Kenvue Inc | +1.3% | — | Unchanged |
| 6 | ✓ | Bitcoin Infrastructure Acqui Usd Cl | — | — | Unchanged |
| 7 | ✓ | — | — | Unchanged | |
| 8 | IWM | Ishares Russell 2000 ETF | -0.1% | EXIT | Sold out |
| 9 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | -0.1% | EXIT | Sold out |
| 10 | NWS | News CORP - Class B | -0.1% | -6.10% | Trim |
| 11 | BLMN | Bloomin' Brands Inc | -0.1% | -47.61% | Trim |
| 12 | GPGI | Gpgi Inc | -0.1% | — | Unchanged |
| 13 | ACTG | Acacia Research CORP | -0.1% | — | Unchanged |
| 14 | LW | Lamb Weston Holdings Inc | -0.2% | -6.23% | Trim |
| 15 | BILL | Bill Holdings Inc | -0.3% | +0.01% | Add |
| 16 | AQN | Algonquin Power & Utilities | -0.3% | — | Unchanged |
| 17 | TRIP | Tripadvisor Inc | -1% | -52.70% | Trim |
| 18 | FLR | Fluor CORP | -1.1% | -45.04% | Trim |
| 19 | MTCH | Match Group Inc | -1.1% | -31.77% | Trim |
| 20 | QRVO | Qorvo Inc | -1.1% | -25.29% | Trim |
| 21 | ROG | Rogers CORP | -1.4% | EXIT | Sold out |
| 22 | HR | Healthcare Realty Trust Inc | -1.7% | -71.61% | Trim |
| 23 | KMX | Carmax Inc | -1.9% | -48.29% | Trim |
| 24 | NWSA | News CORP - Class A | -1.9% | -63.60% | Trim |
| 25 | BDX | Becton Dickinson And Co | -2.2% | EXIT | Sold out |
| 26 | CWAN | Clearwater Analytics Holdings, Inc. | -2.8% | EXIT | Sold out |
| 27 | GEN | Gen Digital Inc | -3.2% | EXIT | Sold out |
Filing History
FAQ
What is Starboard Value LP and what type of investor is it?
Starboard Value LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $4.5B, spread across 22 disclosed positions.
What are Starboard Value LP's largest equity positions?
Based on the latest 13F filing, Starboard Value LP's top holdings by market value are:
1. Ishares Core S&p Midcap ETF (IJH) — $684.6M (15.1%)
2. Qorvo Inc (QRVO) — $523.4M (11.6%)
3. Kenvue Inc (KVUE) — $521.8M (11.5%)
4. Dynatrace Inc (DT) — $389.3M (8.6%)
5. Algonquin Power & Utilities (AQN) — $335.1M (7.4%)
What changes did Starboard Value LP make in its most recent portfolio filing?
In the latest reported quarter, Starboard Value LP made 21 notable position adjustments: 2 new positions were initiated, 2 existing holdings were added to, 11 positions were partially reduced, and 6 were completely exited. The largest of these moves: New buy: Dynatrace Inc (DT); Sold out: Gen Digital Inc (GEN); Sold out: Clearwater Analytics Holdings, Inc. (CWAN); New buy: Flowserve CORP (FLS); Sold out: Becton Dickinson And Co (BDX)
What sectors does Starboard Value LP focus on?
Starboard Value LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 38.5%
• Consumer Staples: 25.4%
• Communication Services: 13.7%
• Financials: 9.2%
• Industrials: 6.3%
• Consumer Discretionary: 5.6%
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Investment Profile
Starboard Value LP returned an annualized -10.4% over the trailing 36 months — underperforming the S&P 500 by 34.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.33 (more volatile than the market) and a 28% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 38.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 42 over the past 4 quarters — a shift toward more active trading.
It has added to its IJH position over the past two quarters (+$338.0M, now $684.6M), while trimming HR over the same stretch (-$174.5M, still holding $39.1M).
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