Tracking Jeff Smith’s Starboard Value Portfolio – Q4 2018 Update

• Jeff Smith’s 13F portfolio value decreased from $3.90B to $3.24B this quarter. 
• Dollar Tree (DLTR) and Magellan Health (MGLN) were added while dropping Forest City Realty (FCE.A). 
• The largest three individual stock positions are Marvell Technology (MRVL), Advanced Auto Parts (AAP), and Symantec (SYMC) and they add up to ~48% of the portfolio. 

Jeff Smith’s 13F portfolio value decreased ~17% from $3.90B to $3.24B this quarter. The portfolio is very concentrated with recent 13F reports showing around fifteen stakes. The top five positions are Marvell Technology (MRVL), Advanced Auto Parts (AAP), Symantec Corporation (SYMC), Mellanox Technologies (MLNX), and Perrigo plc (PRGO).

Below is a spreadsheet that shows the changes to Jeff Smith's Starboard Value 13F portfolio holdings as of Q4 2018. For a look at how the portfolio has progressed, see our previous update:

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