Tracking Jeff Smith’s Starboard Value Portfolio – Q3 2020 Update

• Jeff Smith’s 13F portfolio value increased from ~$2.81B to ~$3.37B this quarter. 
• Starboard Value added SPDR S&P 500 Index ETF (SPY) and Corteva Inc. (CTVA) during the quarter. 
• The largest three individual stock positions are SPDR S&P 500 Index ETF, Corteva, and Aecom (ACM). They add up to ~35% of the portfolio. 

 Jeff Smith’s 13F portfolio value increased ~20% from ~$2.81B to ~$3.37B this quarter. The portfolio is very concentrated with recent 13F reports showing around twenty stakes. The top five positions are SPDR S&P 500 Index ETF, Corteva, Aecom (ACM), NortonLifeLock (NLOK), and Advance Auto Parts (AAP). They add up to ~50% of the portfolio.

 

Below is a spreadsheet that shows the changes to Jeff Smith's Starboard Value 13F portfolio holdings as of Q3 2020. For a look at how the portfolio has progressed, see our previous update:

 

 

 

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