At the close of 2025, Starboard Value reported AUM of $5.29B, slightly lower than $5.53B a year earlier. The fund maintained largely steady assets during 2025, even as the broader market advanced 16%. The portfolio remains concentrated in technology, communication services, and healthcare sectors.
Among Starboard’s Q4 top holdings is semiconductor name Qorvo (QRVO). Added in 2025 to the portfolio, the fund now holds over 7.5M shares of the company (QRVO), valued at over $634M.
Other new names added to the fund over 2025 include Bill Holdings (BILL) with over 7M shares, worth $383M; Clearwater Analytics (CWAN) worth $240M; Fluor (FLR) $205M; TripAdvisor (TRIP) $140M; Bitcoin Infrastructure Acquisition (BIXI) worth $3M; and others.
The fund also increased its stake in KENVUE (KVUE) to over 27M shares, worth $471M, as per the fund’s 13f filing. Starboard added holdings in Salesforce (CRM) by 68% to 940K shares. Rogers (ROG) shares increased to over 1.2M shares.
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The stocks that Starboard Value completely exited in 2025 include Pfizer (PFE), GoDaddy (GDDY), Wix (WIX), RB Global (RBA), and others.
Companies where the fund manager reduced holdings are Match Group (MTCH), Gen Digital (GEN), Healthcare Realty Trust (HR), and News Corp (NWS).
Check SA quant ratings on Starboard Value’s top 15 holdings:
- Qorvo (QRVO) Quant rating: 3.28 – Hold
- Kenvue (KVUE) Quant rating: 3.01 – Hold
- Algonquin Power & Utilities (AQN) Quant rating: 2.86 – Hold
- Bill Holdings (BILL) Quant rating: 4.57 – Strong Buy
- Match Group (MTCH) Quant rating: 2.86 – Hold
- iShares Core S&P Mid-Cap ETF (IJH) Quant rating: 3.56 – Buy
- Autodesk (ADSK) Quant rating: 3.35 – Hold
- Gen Digital (GEN) Quant rating: 3.06 – Hold
- Salesforce (CRM) Quant rating: 3.41 – Hold
- Clearwater Analytics (CWAN) Quant rating: 2.95 – Hold
- Acacia Research (ACTG) Quant rating: 3.01 – Hold
- Healthcare Realty Trust (HR) Quant rating: 3.10 – Hold
- Fluor Corp (FLR) Quant rating: 2.94 – Hold
- Becton, Dickinson and Company (BDX) Quant rating: 2.61 – Hold