Starboard Value LP reported 18 positions worth $3.31B for the quarter ended Jun 30, 2026, down 4.3% on the prior quarter. It opened 2 new positions, added to 1, trimmed 10 and exited 3. Its largest holding is Kenvue Inc. at 15.7% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| KMX Carmax Inc | -2.99M | -48.3% | $158.40M | 5.12% |
| RIOT Riot Platforms, Inc. | -5.43M | -34.9% | $148.67M | 8.36% |
| GEN Gen Digital Inc. | -7.81M | -100.0% | $147.00M | Exited |
| MTCH Match Group, Inc. | -3.62M | -31.8% | $137.75M | 8.93% |
| BDX Becton Dickinson & Co | -636.5K | -100.0% | $100.08M | Exited |
| HR Healthcare Realty Trust Inc | -4.89M | -71.6% | $98.53M | 1.18% |
| NWSA News Corp | -3.57M | -63.6% | $88.52M | 1.53% |
| TRIP TripAdvisor, Inc. | -5.68M | -52.7% | $77.85M | 2.11% |
| FLR Fluor Corp | -1.30M | -45.0% | $68.11M | 2.51% |
| ROG Rogers Corp | -584.3K | -100.0% | $62.72M | Exited |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | KVUE Kenvue Inc. | Consumer Staples | 27.31M | $521.85M | 15.75% | 0 | 0.0% | Unchanged | 1.42% |
| 2 | DT Dynatrace, Inc. | Technology | 8.87M | $389.34M | 11.75% | +8.87M | – | New | 3.03% |
| 3 | AQN Algonquin Power & Utilities Corp. | Utilities | 57.19M | $335.13M | 10.11% | 0 | 0.0% | Unchanged | 7.45% |
| 4 | MTCH Match Group, Inc. | Technology | 7.78M | $295.84M | 8.93% | -3.62M | -31.8% | Reduced | 3.34% |
| 5 | ACTG Acacia Research Corp | Financial Services | 61.12M | $284.84M | 8.6% | 0 | 0.0% | Unchanged | 62.64% |
| 6 | RIOT Riot Platforms, Inc. | Technology | 10.11M | $276.94M | 8.36% | -5.43M | -34.9% | Reduced | 2.68% |
| 7 | BILL BILL Holdings, Inc. | Technology | 7.03M | $254.05M | 7.67% | +900 | +0.0% | Added | 7.03% |
| 8 | LW Lamb Weston Holdings, Inc. | Consumer Staples | 5.73M | $247.59M | 7.47% | -381.0K | -6.2% | Reduced | 4.13% |
| 9 | KMX Carmax Inc | Consumer Discretionary | 3.21M | $169.59M | 5.12% | -2.99M | -48.3% | Reduced | 2.26% |
| 10 | FLS Flowserve Corp | Industrials | 1.44M | $106.91M | 3.23% | +1.44M | – | New | 1.13% |
| 11 | FLR Fluor Corp | Industrials | 1.59M | $83.11M | 2.51% | -1.30M | -45.0% | Reduced | 1.14% |
| 12 | GPGI GPGI, Inc. | Industrials | 5.03M | $79.68M | 2.4% | 0 | 0.0% | Unchanged | 1.73% |
| 13 | TRIP TripAdvisor, Inc. | Technology | 5.10M | $69.88M | 2.11% | -5.68M | -52.7% | Reduced | 4.35% |
| 14 | NWS News Corp | Communication Services | 2.43M | $68.22M | 2.06% | -158.0K | -6.1% | Reduced | 1.34% |
| 15 | NWSA News Corp | Communication Services | 2.04M | $50.66M | 1.53% | -3.57M | -63.6% | Reduced | 0.56% |
Tip. Select a row to see that position’s full history at Starboard Value.
As of its Q2 2026 13F filing, Starboard Value LP’s five largest positions were Kenvue Inc. (KVUE) at 15.7%, Dynatrace, Inc. (DT) at 11.7%, Algonquin Power & Utilities Corp. (AQN) at 10.1%, Match Group, Inc. (MTCH) at 8.9%, Acacia Research Corp (ACTG) at 8.6% of the reported portfolio.
Starboard Value LP reported a 13F portfolio worth $3.31B across 18 positions for Q2 2026. That is down 4.3% from the previous quarter.
Its largest purchases by value were Dynatrace, Inc. ($389.34M), Flowserve Corp ($106.91M), BILL Holdings, Inc. ($32.54K). It opened 2 new positions.
Its largest sales by value were Carmax Inc ($158.40M), Riot Platforms, Inc. ($148.67M), Gen Digital Inc. ($147.00M). It exited 3 positions entirely.
From the Form 13F-HR reports Starboard Value LP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.