- Jeff Smith’s 13F portfolio value increased from $4.70B to $5.53B this quarter.
- Starboard Value added Kenvue (KUVE), Pfizer (PFE), and Healthcare Realty (HR), and increased Match Group (MTCH) during the quarter.
- The largest three individual stock positions are GoDaddy (GDDY), Gen Digital (GEN), and Match Group (MTCH). They add up to ~27% 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 11/14/2024.
The 13F portfolio value increased from $4.70B to $5.53B. 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), Gen Digital (GEN),
Match Group (MTCH), Kenvue (KVUE), and News Corp (NWS). They add up to ~44% 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 2024.
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.
To learn about individual investing, check out the classics The Intelligent Investor and Security Analysis.
Below is a spreadsheet that shows the changes to Jeff
Smith's Starboard Value 13F portfolio holdings as of Q4 2024:
Source: John Vincent. Data constructed from Starboard’s 13F
filings for Q3 2024 and Q4 2024.
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