In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Jeff Smith's Starboard Value reported 21 stock positions worth $5.5 billion . Its top holding was GoDaddy Class A (GDDY) at 10.1% of the portfolio, followed by Gen Digital (GEN, 8.7% ) and Match (MTCH, 8.7% ). Compared with Q3 2024, it opened 5 new positions, sold out of 2, added to 3 and reduced 7. The biggest buy was a new position in Kenvue (KVUE) and the biggest sale Autodesk (ADSK, shares −44% ).
Notable People Jeff Smith
Location New York, NY
CIK 0001517137
Portfolio Value $5.5B (Q4 2024) Holdings 21 stocks · $5.5B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q3 2024 GDDY GoDaddy Inc. Class A 2,830,100 $558.6M Reduce -9.7% GEN Gen Digital Inc. 17,516,604 $479.6M No change MTCH Match Group Inc. 14,656,970 $479.4M Add +53.4% KVUE Kenvue Inc. 21,914,000 $467.9M New PFE Pfizer Inc. 15,368,658 $407.7M New HR Healthcare Realty Trust Inc. 20,183,460 $342.1M New ALIT Alight Inc. Class A 47,228,000 $326.8M Add +8.8% ADSK Autodesk Inc. 1,038,000 $306.8M Reduce -44.0% AQN Algonquin Power & Utilities 65,316,000 $290.7M Add +5.1% ACTG Acacia Research Corp. 61,123,595 $265.3M No change NWS News Corp. Class B 8,482,000 $258.1M Reduce -2.9% IJH iShares Core S&P Midcap ETF 3,965,268 $247.1M New NWSA News Corp. Class A 7,201,393 $198.3M No change CRM Salesforce Inc. 559,264 $187.0M Reduce -61.2% WIX Wix.com Ltd. 840,000 $180.2M Reduce -55.3% FTRE Fortrea Holdings Inc. 7,478,000 $139.5M Reduce -11.0% RIOT Riot Platforms Inc. 12,704,035 $129.7M New BLMN Bloomin' Brands Inc. 8,441,000 $103.1M No change ROG Rogers Corp. 804,000 $81.7M No change GDOT Green Dot Corp. Class A 4,604,381 $49.0M Reduce -8.3% RBA RB Global Inc. 251,163 $22.7M No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $7.2M (not counted above) Total filed on the 13F, all lines: $5.5B.
Portfolio Sells Q3 2024 → Q4 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▲ ADSK Autodesk Inc. Reduce -44.0% 5.56% −5.31 CRM Salesforce Inc. Reduce -61.2% 3.39% −5.02 IWN iShares Russell 2000 Value E Sold out 0.00% −4.81 WIX Wix.com Ltd. Reduce -55.3% 3.26% −3.42 HUM Humana Inc. Sold out 0.00% −1.29 FTRE Fortrea Holdings Inc. Reduce -11.0% 2.53% −1.05 NWS News Corp. Class B Reduce -2.9% 4.67% −0.52 GDOT Green Dot Corp. Class A Reduce -8.3% 0.89% −0.36 GDDY GoDaddy Inc. Class A Reduce -9.7% 10.12% −0.35
Portfolio Buys Q3 2024 → Q4 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q3 2024 % Of Portfolio Change To Portfolio ▼ KVUE Kenvue Inc. New 8.47% +8.47 PFE Pfizer Inc. New 7.38% +7.38 HR Healthcare Realty Trust Inc. New 6.20% +6.20 IJH iShares Core S&P Midcap ETF New 4.48% +4.48 RIOT Riot Platforms Inc. New 2.35% +2.35 MTCH Match Group Inc. Add +53.4% 8.68% +0.98 ALIT Alight Inc. Class A Add +8.8% 5.92% −0.92 AQN Algonquin Power & Utilities Add +5.1% 5.26% −1.95
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ HUM Humana Inc. put Sold out 60,000 $666Kbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 20 $4.5B IJH, QRVO, KVUE, DT, AQN Q1 2026 22 $4.6B QRVO, KVUE, IJH, AQN, MTCH Q4 2025 22 $5.3B QRVO, KVUE, AQN, BILL, MTCH Q3 2025 20 $5.3B QRVO, ADSK, MTCH, BILL, GEN Q2 2025 24 $5.8B QRVO, MTCH, ADSK, BDX, KVUE Q1 2025 21 $5.5B QRVO, KVUE, ADSK, GEN, MTCH Q4 2024 21 $5.5B GDDY, GEN, MTCH, KVUE, PFE Q3 2024 18 $4.7B ADSK, GDDY, GEN, CRM, MTCH Q2 2024 19 $4.3B GDDY, GEN, CRM, AQN, ALIT Q1 2024 19 $4.8B GDDY, GEN, AQN, ALIT, CRM