1y return+4.0%S&P 500 +20.9%
3y return+37.2%S&P 500 +68.5%
5y return+30.9%S&P 500 +74.5%
10y return+156.3%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $256 against $357 in the S&P 500.2
Starboard Value LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IJHIshares Tr | $684.6M | 15.1% | +52.3% |
| Qorvo IncCUSIP 74736K101 | $523.4M | 11.6% | −25.3% |
| KVUEKenvue Inc | $521.8M | 11.5% | |
| DTDynatrace Inc | $389.3M | 8.6% | New |
| AQNAlgonquin Power & Utilities | $335.1M | 7.4% | |
| MTCHMatch Group Inc New | $295.8M | 6.5% | −31.8% |
| ACTGAcacia Resh Corp | $284.8M | 6.3% | |
| RIOTRiot Platforms Inc | $276.9M | 6.1% | −34.9% |
| BILLBill Holdings Inc | $254.1M | 5.6% | |
| LWLamb Weston Hldgs Inc | $247.6M | 5.5% | −6.2% |
| KMXCarmax Inc | $169.6M | 3.8% | −48.3% |
| FLSFlowserve Corp | $106.9M | 2.4% | New |
| FLRFluor Corp | $83.1M | 1.8% | −45.0% |
| GPGIGpgi Inc | $79.7M | 1.8% | |
| TRIPTripadvisor Inc | $69.9M | 1.5% | −52.7% |
| NWSNews Corp New | $68.2M | 1.5% | −6.1% |
| NWSANews Corp New | $50.7M | 1.1% | −63.6% |
| HRHealthcare Rlty Tr | $39.1M | 0.9% | −71.6% |
| BLMNBloomin Brands Inc | $38.2M | 0.8% | −47.6% |
| Bitcoin Infrastructure AcquiCUSIP G1143H101 | $3.0M | 0.1% | |
| Bitcoin Infrastructure AcquiCUSIP G1143H119 | $47K | 0.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| RIOTRiot Platforms Inc | December 31, 2024 | +168.2% | $276.9M |
| FLRFluor Corp | December 31, 2025 | +32.2% | $83.1M |
| Qorvo IncCUSIP 74736K101 | March 31, 2025 | +28.8% | $523.4M |
| KMXCarmax Inc | March 31, 2026 | +27.2% | $169.6M |
| IJHIshares Tr | December 31, 2024 | +23.8% | $684.6M |
| HRHealthcare Rlty Tr | December 31, 2024 | +19.0% | $39.1M |
| ACTGAcacia Resh Corp | December 31, 2022 | +10.7% | $284.8M |
| NWSNews Corp New | December 31, 2023 | +9.1% | $68.2M |
| Bitcoin Infrastructure AcquiCUSIP G1143H119 | March 31, 2026 | +6.5% | $47K |
| TRIPTripadvisor Inc | June 30, 2025 | +5.1% | $69.9M |
Sold off last quarter
- GENGen Digital Inc was $147.0M
- Clearwater Analytics Hldgs ICUSIP 185123106 was $129.1M
- BDXBecton Dickinson & Co was $100.1M
- ROGRogers Corp was $62.7M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +15.0% | +14.8% |
| March 31, 2026 | −7.1% | −4.6% |
| December 31, 2025 | −3.1% | +2.4% |
| September 30, 2025 | +0.4% | +7.8% |
| June 30, 2025 | +4.2% | +10.5% |
| March 31, 2025 | −8.2% | −4.6% |
| December 31, 2024 | +3.0% | +2.1% |
| September 30, 2024 | +2.1% | +5.4% |
| June 30, 2024 | −2.3% | +4.0% |
| March 31, 2024 | +6.6% | +10.0% |
| December 31, 2023 | +19.8% | +11.2% |
| September 30, 2023 | +5.2% | −3.6% |
| June 30, 2023 | +3.6% | +8.3% |
| March 31, 2023 | +3.4% | +7.0% |
| December 31, 2022 | +7.8% | +7.1% |
| September 30, 2022 | −7.9% | −5.3% |
| June 30, 2022 | −14.3% | −16.5% |
| March 31, 2022 | −2.7% | −4.9% |
| December 31, 2021 | +9.1% | +10.7% |
| September 30, 2021 | −1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Starboard Value LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1517137&type=13F-HR&dateb=&owner=include&count=40CIK 1517137
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1517137/000092189526002172/Filed August 14, 2026 · accession 0000921895-26-002172