Tracking Jeff Smith’s Starboard Value Portfolio – Q2 2020 Update

• Jeff Smith’s 13F portfolio value increased from ~$2.47B to ~$2.81B this quarter. 
• Starboard Value increased ACI Worldwide while reducing eBay, Box Inc. and Cerner Corporation. 
• The largest three individual stock positions are NortonLifeLock, Advance Auto Parts, and Aecom. They add up to ~38% of the portfolio. 

Jeff Smith’s 13F portfolio value increased ~14% from ~$2.47B to ~$2.81B this quarter. The portfolio is very concentrated with recent 13F reports showing around twenty stakes. The top five positions are NortonLifeLock (NLOK), Advance Auto Parts (AAP), Aecom (ACM), Green Dot (GDOT), and Merit Med Systems (MMSI). They add up to ~53% of the portfolio.

 

Below is a spreadsheet that shows the changes to Jeff Smith's Starboard Value 13F portfolio holdings as of Q2 2020. For a look at how the portfolio has progressed, see our previous update:

 

 

 

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