Starboard Value portfolio: Q2 2026 13F holdings
Jeff Smith. Jeff Smith's activist fund, which pushes underperforming companies to improve margins.
The Q3 2026 13F is due by 2026-11-16. This page switches to it as soon as it lands on SEC EDGAR (checked hourly).
Starboard Value reported 20 US stock positions worth $4.5B at the end of Q2 2026, against $4.6B in 22 positions at the end of Q1 2026. The ten largest are 84% of the portfolio, led by Ishares TR (15%), Qorvo Inc and Kenvue. Over the quarter it opened 2 new positions (Dynatrace Inc and Flowserve Corp), sold out of 4 (Gen Digital, Clearwater Analytics Hldgs I and Becton Dickinson and others), added to 1 and trimmed 9.
Biggest buys in Q2 2026
Biggest sells in Q2 2026
Everything Starboard Value owns
| Company | % of portfolio | Value | Shares | vs Q1 2026 | Upside | The rule |
|---|---|---|---|---|---|---|
| Ishares TR | 15% | $684.6M | 8,877,781 | +52% | — | — |
| Qorvo Inc | 12% | $523.4M | 5,611,526 | -25% | — | — |
| KVUEKenvue | 12% | $521.8M | 27,307,632 | same | -45% | Members only |
| Dynatrace Inc | 8.6% | $389.3M | 8,866,692 | NEW | — | — |
| Algonquin Power & Utilities | 7.4% | $335.1M | 57,189,420 | same | — | — |
| Match Group Inc New | 6.5% | $295.8M | 7,775,125 | -32% | — | — |
| Acacia Resh Corp | 6.3% | $284.8M | 61,123,595 | same | — | — |
| Riot Platforms Inc | 6.1% | $276.9M | 10,114,576 | -35% | — | — |
| Bill Holdings Inc | 5.6% | $254.1M | 7,025,748 | same | — | — |
| Lamb Weston Hldgs Inc | 5.5% | $247.6M | 5,733,982 | -6% | — | — |
| Carmax Inc | 3.8% | $169.6M | 3,206,438 | -48% | — | — |
| News Corp New | 2.6% | $118.9M | 4,471,181 | -45% | — | — |
| Flowserve Corp | 2.4% | $106.9M | 1,441,600 | NEW | — | — |
| Fluor Corp | 1.8% | $83.1M | 1,586,327 | -45% | — | — |
| Gpgi Inc | 1.8% | $79.7M | 5,027,028 | same | — | — |
| Tripadvisor Inc | 1.5% | $69.9M | 5,096,996 | -53% | — | — |
| Healthcare Rlty TR | 0.9% | $39.1M | 1,936,267 | -72% | — | — |
| Bloomin Brands Inc | 0.8% | $38.2M | 4,180,992 | -48% | — | — |
| Bitcoin Infrastructure Acqui | <0.1% | $3.0M | 300,000 | same | — | — |
| Bitcoin Infrastructure Acqui | <0.1% | $47,460 | 149,999 | same | — | — |
| GENGen Digital | — | — | — | SOLD OUT | +236% | Members only |
| Clearwater Analytics Hldgs I | — | — | — | SOLD OUT | — | — |
| BDXBecton Dickinson | — | — | — | SOLD OUT | -35% | Members only |
| Rogers Corp | — | — | — | SOLD OUT | — | — |
Upside is to our model’s value from each company’s own SEC filings, for the S&P 500 companies we value (how). Positions sold out during the quarter are listed last.
Other 13F portfolios
- Berkshire HathawayWarren Buffett · Q2 2026
- Dodge & Cox220 positions · Q2 2026
- Harris Associates (Oakmark)Bill Nygren · Q2 2026
- First Eagle Investments422 positions · Q2 2026
- Coatue ManagementPhilippe Laffont · Q2 2026
- Viking GlobalAndreas Halvorsen · Q2 2026
- D1 Capital PartnersDan Sundheim · Q2 2026
- Tiger GlobalChase Coleman · Q2 2026
- Davis AdvisorsChris Davis · Q2 2026
- Pershing SquareBill Ackman · Q2 2026
- Lone Pine CapitalStephen Mandel · Q2 2026
- Elliott Investment ManagementPaul Singer · Q2 2026
What a 13F shows, and what it hides: 13F filings explained.
Generated automatically from Starboard Value’s Form 13F (CIK 1517137, accession 0000921895-26-002172) on SEC EDGAR, compared with its filing for Q1 2026. Long US stock positions only: 13Fs leave out shorts, cash, bonds, most non-US holdings and options (excluded here), and are up to 45 days old when filed. Research only, not investment advice. boring&rich is not affiliated with or endorsed by Starboard Value or Jeff Smith.