Jeffrey Smith’s Starboard Value disclosed in an SEC filing its holdings as of June 30, 2023. Starboard’s three new buys during the second quarter included, by size of position, Algonquin Power (AQN) and Abcam (ABCM). Starboard exited 61 positions during the quarter, including by size of previous position, Enovis (ENOV), On Semiconductor (ON), HCM Acquisition (HCMA), Papaya Growth Opportunity (PPYA), and Banyan Acquisition Corp. (BYN). Starboard increased its stake in two holdings, Wix.com (WIX) and Humana (HUM). Starboard reduced its stake in ten holdings, including by size of previous position, Willis Towers (WTW), Aecom (ACM), Mercury Systems (MRCY), Salesforce (CRM), and CommVault Systems (CVLT). Starboard’s top holdings as of June 30, in order of size, were GoDaddy (GDDY), Splunk (SPLK), Salesforce, Humana, and Vertiv Holdings (VRT).
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