Smart Money
JS

Jeff Smith

Starboard Value·activist·Concentrated / activist
Accredited only

n/a since 2002

Portfolio value

$4.2B

Positions

17

Top 5 concentration

59%

New buys this quarter

2

Recent moves vs Mar 2026

$DTNew buy9.4%
$FLSNew buy2.6%
$IJHAdded16.5%
$QRVOTrimmed12.6%
$MTCHTrimmed7.1%
$RIOTTrimmed6.7%
$LWTrimmed6%
$KMXTrimmed4.1%
$FLRTrimmed2%
$TRIPTrimmed1.7%
$NWSTrimmed1.6%
$NWSATrimmed1.2%
$HRTrimmed0.9%
$BLMNTrimmed0.9%
$GENSold out
$ROGSold out
$ACTGSold out
$BDXSold out
$HYGSold out
$IWMSold out
$CWANSold out

Holdings

StockMove% of portfolioValue
$IJH

ISHARES TR

Added
16.5%
$685M
$QRVO

QORVO INC

Trimmed
12.6%
$523M
$KVUE

KENVUE INC

Held
12.6%
$522M
$DT

DYNATRACE INC

New buy
9.4%
$389M
$AQN

ALGONQUIN POWER & UTILITIES

Held
8.1%
$335M
$MTCH

MATCH GROUP INC NEW

Trimmed
7.1%
$296M
$RIOT

RIOT PLATFORMS INC

Trimmed
6.7%
$279M
$BILL

BILL HOLDINGS INC

Held
6.1%
$254M
$LW

LAMB WESTON HLDGS INC

Trimmed
6%
$248M
$KMX

CARMAX INC

Trimmed
4.1%
$170M
$FLS

FLOWSERVE CORP

New buy
2.6%
$107M
$FLR

FLUOR CORP

Trimmed
2%
$83M
$TRIP

TRIPADVISOR INC

Trimmed
1.7%
$70M
$NWS

NEWS CORP NEW

Trimmed
1.6%
$68M
$NWSA

NEWS CORP NEW

Trimmed
1.2%
$51M
$HR

HEALTHCARE RLTY TR

Trimmed
0.9%
$39M
$BLMN

BLOOMIN BRANDS INC

Trimmed
0.9%
$38M

Notable sell-outs this quarter: $GEN, $ROG, $ACTG, $BDX, $HYG, $IWM, $CWAN

Source: SEC 13F via FMP · Jun 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.