§ 13F · FUND PROFILE
Starboard Value LP.
Starboard Value LP is an activist hedge fund with $5.3 billion in assets under management that specializes in taking concentrated positions in undervalued companies and pushing for operational improvements and strategic changes. The fund is known for its aggressive shareholder activism approach, typically holding a focused portfolio of around 20 positions where it can exert significant influence on management and board composition.
AUM · $5314.6T (13F)Positions · 20Turnover · — · Q4Filed · Feb 17, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$448.9T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 17, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | QRVO | QORVO INC | 7.51M | $634.7T | 12.0% | ±0% |
| 2 | KVUE | KENVUE INC | 27.31M | $471.1T | 8.9% | +30% |
| 3 | AQN | ALGONQUIN PWR UTILS CORP | 63.49M | $390.5T | 7.4% | ±0% |
| 4 | BILL | BILL HOLDINGS INC | 7.02M | $383.1T | 7.3% | ±0% |
| 5 | MTCH | MATCH GROUP INC NEW | 11.40M | $368.0T | 7.0% | +3% |
| 6 | IJH | ISHARES TR | 5.25M | $346.5T | 6.6% | ±0% |
| 7 | ADSK | AUTODESK INC | 1.00M | $296.5T | 5.6% | −24% |
| 8 | GEN | GEN DIGITAL INC | 10.59M | $287.8T | 5.5% | −13% |
| 9 | CRM | SALESFORCE INC | 940K | $249.1T | 4.7% | −24% |
| 10 | CWAN | CLEARWATER ANALYTICS HLDGS I | 9.96M | $240.2T | 4.5% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE STARBOARD SIGNAL
AC read
Starboard Value LP's latest 13F filing reveals a highly concentrated activist strategy with a portfolio of just 20 positions totaling $5.3 billion in assets under management. The fund's approach remains consistent with its activist methodology, showing no new position initiations or complete exits during the quarter, suggesting a patient, long-term engagement strategy with its current holdings. This stability reflects the typical activist playbook of maintaining positions while working behind the scenes to influence corporate governance and operational changes.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
2 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed