Tracking Jeff Smith’s Starboard Value Portfolio – Q4 2020 Update

• Jeff Smith’s 13F portfolio value increased from ~$3.37B to $3.93B this quarter.
• Starboard Value added ON Semiconductor Corp while dropping SPDR S&P 500 Index ETF this quarter.
• The largest three individual stock positions are Corteva, NortonLifeLock, and Aecom. They add up to ~35% of the portfolio. 

Jeff Smith’s 13F portfolio value increased ~17% from ~$3.37B to ~$3.93B this quarter. The portfolio is very concentrated with recent 13F reports showing around twenty stakes. The top five positions are Corteva, NortonLifeLock, Aecom, ACI Worldwide, and ON Semiconductor. They add up to ~52% 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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