- Jeff Smith’s 13F portfolio value increased from ~$3B to ~$3.45B this quarter.
- Starboard Value added doubled eBay while dropping Perrigo plc during the quarter. They also added a large new stake in SPDR S&P 500 ETF.
- The largest three individual stock positions are SPDR S&P 500 ETF, NortonLifeLock, and Advance Auto Parts and they add up to ~55% of the portfolio.
Jeff Smith’s 13F portfolio value increased ~15% from ~$3B to
~$3.45B this quarter. The portfolio is very concentrated with recent 13F
reports showing around fifteen stakes. The top five positions are SPDR S&P
500 ETF (SPY), NortonLifeLock (NLOK), Advance Auto Parts (AAP), eBay Inc. (EBAY,
and Cerner Corporation (CERN). They add up to ~71% of the portfolio.
Below is a spreadsheet that shows the changes to Jeff
Smith's Starboard Value 13F portfolio holdings as of Q4 2019. For a look at how
the portfolio has progressed, see our previous
update:
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