- Jeff Smith’s 13F portfolio value increased from $3.90B to $4.81B this quarter.
- Starboard Value News Corp (NWS) and Fortrea Holdings (FTRE) during the quarter.
- The largest three individual stock positions are GoDaddy (GDDY), Humana (HUM), and Gen Digital (GEN). They add up to ~35% of the portfolio.
This article is part of a series that provides an ongoing analysis of the changes made to Starboard Value’s 13F stock portfolio on a quarterly basis. It is based on Jeff Smith’s regulatory 13F Form filed on 2/14/2024. The 13F portfolio value increased $3.90B to $4.81B. The holdings are concentrated with recent 13F reports showing around 40 positions, many of which are very small. The largest five stakes are GoDaddy (GDDY), Humana (HUM), Gen Digital (GEN), Wix.com (WIX), and Salesforce.com (CRM). They add up to ~52% of the portfolio. Please visit our Tracking Jeff Smith’s Starboard Value Portfolio series to get an idea of their investment philosophy and our last update for the fund’s moves during Q3 2023.
Jeff Smith founded Starboard Value in March 2011 after being
with Ramius LLC, a subsidiary of the Cowen Group since 1998. His game plan is
investing in undervalued companies and then engaging in activism to unlock
value.
Below is a spreadsheet that shows the changes to Jeff
Smith's Starboard Value 13F portfolio holdings as of Q4 2023:
Source: John Vincent. Data constructed from Starboard’s 13F
filings for Q3 2023 and Q4 2023.
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