Starboard Value LP · Q2 2026 13F · SEC CIK 1517137
Jeff Smith portfolio
Hedge fundStarboard Value 13F holdings. Filed 2026-08-14 for Q2 2026. Open the filing ↗ · All SEC filings ↗
- Reported 13F value
- $4.5B
- Reported positions
- 21
- Top holdings a year, 3 yrs
- +12.5%
- Assets under management
- $8.2B
Jeff Smith is the founder of Starboard Value, which reported 21 positions worth $4.5B in its Q2 2026 13F, filed 2026-08-14. Its largest holdings were Ishares Tr (IJH, 15.1%), Qorvo Inc (QRVO, 11.6%), Kenvue Inc (KVUE, 11.5%). A portfolio copying its top holdings returned 12.5% a year over the last 3 years, against 22.3% for the S&P 500.
Jeff Smith holdings all 21 positions.
Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.
| Stock | % of 13F value | Share change | Reported value |
|---|---|---|---|
| IJHIshares Tr | 15.1% | +52.3% | $684.6M |
| QRVOQorvo Inc | 11.6% | -25.3% | $523.4M |
| KVUEKenvue Inc | 11.5% | +0.0% | $521.8M |
| DTDynatrace Inc | 8.6% | — | $389.3M |
| AQNAlgonquin Power & Utilities | 7.4% | +0.0% | $335.1M |
| MTCHMatch Group Inc. | 6.5% | -31.8% | $295.8M |
| ACTGAcacia Resh Corp | 6.3% | +0.0% | $284.8M |
| RIOTRiot Platforms Inc | 6.1% | -34.9% | $276.9M |
| BILLBill Holdings Inc | 5.6% | +0.0% | $254.1M |
| LWLamb Weston Hldgs Inc | 5.5% | -6.2% | $247.6M |
| KMXCarmax Inc | 3.8% | -48.3% | $169.6M |
| FLSFlowserve Corp | 2.4% | — | $106.9M |
| FLRFluor Corp Com | 1.8% | -45.0% | $83.1M |
| CMPOGpgi Inc | 1.8% | +0.0% | $79.7M |
| TRIPTripadvisor Inc | 1.5% | -52.7% | $69.9M |
| NWSNews Corp New | 1.5% | -6.1% | $68.2M |
| NWSANews Corp New | 1.1% | -63.6% | $50.7M |
| HRHealthcare Rlty Tr | 0.9% | -71.6% | $39.1M |
| BLMNBloomin Brands Inc | 0.8% | -47.6% | $38.2M |
| BIXIBitcoin Infrastructure Acquisi | 0.1% | +0.0% | $3.0M |
| BIXIWBitcoin Infrastructure Acqui | 0.0% | +0.0% | $47K |
What Jeff Smith bought and sold in Q2 2026, against Q1 2026.
New positions
- DT Dynatrace Inc8.6% of 13F
- FLS Flowserve Corp2.4% of 13F
Added to
- IJH Ishares Tr+52.3% shares
Reduced
- HR Healthcare Rlty Tr-71.6% shares
- NWSA News Corp New-63.6% shares
- TRIP Tripadvisor Inc-52.7% shares
- KMX Carmax Inc-48.3% shares
- BLMN Bloomin Brands Inc-47.6% shares
- FLR Fluor Corp Com-45.0% shares
- RIOT Riot Platforms Inc-34.9% shares
- MTCH Match Group Inc.-31.8% shares
Sold out
- GEN Gen Digital Incwas 3.2%
- CWAN Clearwater Analytics Hldgs Iwas 2.8%
- BDX Becton Dickinson & Cowas 2.2%
- ROG Rogers Corpwas 1.4%
Share counts compared with the Q1 2026 13F; a split also changes share counts.
How the holdings did against the S&P 500.
- 1 year
- +10.5% /yr
- S&P 500 +11.7%
- 3 years
- +12.5% /yr
- S&P 500 +22.3%
- 5 years
- +5.3% /yr
- S&P 500 +10.6%
A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.
Reported 13F value by quarter.
| Quarter | 13F value | Positions |
|---|---|---|
| Q2 2026 | $4.5B | 21 |
| Q1 2026 | $4.6B | 23 |
| Q4 2025 | $5.3B | 22 |
| Q3 2025 | $5.3B | 20 |
| Q2 2025 | $5.8B | 24 |
| Q1 2025 | $5.5B | 21 |
| Q4 2024 | $5.5B | 21 |
| Q3 2024 | $4.7B | 18 |
| Q2 2024 | $4.3B | 19 |
| Q1 2024 | $4.8B | 19 |
| Q4 2023 | $4.7B | 22 |
| Q3 2023 | $3.9B | 22 |
Questions about Jeff Smith's portfolio
Who is Jeff Smith?
Jeff Smith is the founder of Starboard Value, a hedge fund that files its US stock holdings with the SEC on Form 13F under the name Starboard Value LP.
What stocks does Jeff Smith own?
Starboard Value LP's latest 13F, for Q2 2026 and filed Aug 14, 2026, lists 21 positions worth $4.5B. The largest are Ishares Tr (IJH) at 15.1%, Qorvo Inc (QRVO) at 11.6%, Kenvue Inc (KVUE) at 11.5%, Dynatrace Inc (DT) at 8.6% and Algonquin Power & Utilities (AQN) at 7.4%.
What did Jeff Smith buy last quarter?
In Q2 2026, Starboard Value LP added a new position in Dynatrace Inc (DT), a new position in Flowserve Corp (FLS) and Ishares Tr (IJH) (+52.3% shares), compared with its Q1 2026 filing.
What did Jeff Smith sell last quarter?
In Q2 2026, Starboard Value LP sold all of Gen Digital Inc (GEN), sold all of Clearwater Analytics Hldgs I (CWAN), sold all of Becton Dickinson & Co (BDX), sold all of Rogers Corp (ROG), Healthcare Rlty Tr (HR) (-71.6% shares), News Corp New (NWSA) (-63.6% shares) and Tripadvisor Inc (TRIP) (-52.7% shares), compared with its Q1 2026 filing.
How has Jeff Smith's portfolio performed?
A portfolio copying Starboard Value LP's 20 largest 13F holdings each quarter, from the day each filing was public, returned +12.5% a year over the last 3 years, against +22.3% for the S&P 500. Over 1 year: +10.5% against +11.7%. Over 5 years: +5.3% a year against +10.6%.
When is Starboard Value LP's next 13F filing due?
13F filings are due 45 days after each quarter ends. Starboard Value LP's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.
How much money does Starboard Value LP manage?
Starboard Value LP reported $8.2B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $4.5B.