The top ten holdings of Starboard represent a substantial 77% of its portfolio.
Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/12]
Simply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More
The New York-based investment adviser with a special focus in publicly traded U.S. small cap companies has a total market value of $1.226 billion as of 30th September 2013.
Starboard’s major new positions
Starboard Value LP acquired 2,850,000 shares of unified communications company Polycom Inc (NASDAQ:PLCM) for $31.12 million. Polycom represents 2.54% of Starboard’s portfolio. Another new addition was semiconductor solutions company Entropic Communications, Inc. (NASDAQ:ENTR) of which Starboard purchased 3,375,000 shares for $14.73 million. Entropic represents 1.2% of Starboard’s portfolio.
The third big new position was network infrastructure products company QLogic Corporation (NASDAQ:QLGC). The investment advisor purchased 1,300,000 shares of QLogic for $14.22 million during the last quarter. QLogic represents 1.16% of Starboard’s portfolio. Emulex Corporation (NYSE:ELX) (Call) was the fourth-largest new position. Starboard purchased 250,000 shares of the company for $1.94 million.
Global supplier of office products and services company Office Depot Inc (NYSE:ODP) was the biggest position of Starboard as of 30th Sept. Starboard Value held 42,100,000 shares of Office Depot for $203.34 million, representing a sizable 16.58% of its overall portfolio.
Integrated Device Technology Inc (NASDAQ:IDTI) was the second-largest position for Starboard with 12,500,000 shares for $117.75 million constituting 9.60% of its overall portfolio.
Compuware Corporation (NASDAQ:CPWR) was the third-largest position for the investment advisor as it held 9,250,000 shares for $103.50 million representing 8.44% of Starboard’s overall portfolio.
Paper and paper products company Wausau Paper Corp. (NYSE:WPP) was the fourth largest holdings for Starboard with 7,500,000 shares for $97.42 million representing 7.95% of its overall portfolio.
Sold out positions
Starboard sold out its Smithfield Foods, Inc. (NYSE:SFD) position. The investment advisor had 1,882,500 shares of Smithfield that represented 4.31% of its total portfolio. The second-largest closed position was Ferro Corporation (NYSE:FOE) of which Starboard sold the entirety of its 2,650,000 shares. Key Energy Services, Inc. (NYSE:KEG) was the third big position closed during the last quarter where Starboard sold 2,250,000 shares that represented 0.94% of its total portfolio.