Hedge fund Starboard in Q2 took a new position in TripAdvisor (NASDAQ:TRIP) and iShares Russell 2000 ETF (IWM), boosted its positions in Salesforce (NYSE:CRM) and Pfizer (NYSE:PFE) and trimmed its stake in Kenvue (KVUE), Gen Digital (GEN) and Autodesk (ADSK), among other moves.
Starboard disclosed the information in its latest 13F filing, which was published on Thursday.
The Hede fund has revealed fresh purchases of 8,499,054 shares and 340,000 shares in TripAdvisor (NASDAQ:TRIP) and iShares Russell 2000 ETF (IWM), respectively, as per the filing.
The fund increased stakes in Salesforce (NYSE:CRM), Pfizer (NYSE:PFE), Match Group (MTCH), Becton, Dickinson and Company (BDX) and iShares Core S&P Mid-Cap ETF (IJH).
Starboard now holds 1.25 million shares in Salesforce, compared to 0.85 million shares earlier, while it boosted its holdings in Pfizer to 8.54 million shares from 7.73 million shares earlier. The fund strengthened its position in Match Group to 15.31 million shares from 14.086 million in the previous quarter.
Other notable changes include, the hedge fund decreasing its stake in Kenvue (KVUE) to 20.93 million shares from 22.05 million shares and in Gen Digital (GEN) stock to 13.33 million shares from 17.52 million shares.
Starboard also trimmed its position in Autodesk (ADSK) to 1.46 million shares from 2 million shares and in Riot Platforms (RIOT) to 4.68 million from 12.7 million shares earlier. The hedge fund also cut its stake in Healthcare Realty Trust (HR) to 19.29 million from 20.07 million shares in the previous quarter.
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