Starboard Value LP Diversified Active

Location: New York, NY

CIK: 0001517137 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $5.28B (100.0% shares, 0.0% debt)

Holdings (22)

QRVO QORVO INC 12.0%

Value $635M Shares 7,510,871 Est. Cost $76.14 Unrealized +15.9%

KVUE KENVUE INC 8.9%

Value $471M Shares 27,307,632 Est. Cost $20.41 Unrealized -20.4%

AQN ALGONQUIN PWR UTILS CORP 7.4%

Value $390M Shares 63,489,420 Est. Cost $6.86 Unrealized -13.4%

BILL BILL HOLDINGS INC 7.3%

Value $383M Shares 7,024,848 Est. Cost $46.44 Unrealized +10.6%

MTCH MATCH GROUP INC NEW 7.0%

Value $368M Shares 11,395,379 Est. Cost $33.57 Unrealized -2.1%

IJH ISHARES TR 6.6%

Value $347M Shares 5,250,656 Est. Cost $62.22 Unrealized —

ADSK AUTODESK INC 5.6%

Value $297M Shares 1,001,733 Est. Cost $267.44 Unrealized +13.1%

GEN GEN DIGITAL INC 5.5%

Value $288M Shares 10,585,592 Est. Cost $15.78 Unrealized +70.2%

CRM SALESFORCE INC 4.7%

Value $249M Shares 940,325 Est. Cost $236.73 Unrealized +4.8%

CWAN CLEARWATER ANALYTICS HLDGS I 4.5%

Value $240M Shares 9,959,031 Est. Cost $20.03 Unrealized 0.0%

ACTG ACACIA RESH CORP 4.3%

Value $229M Shares 61,123,595 Est. Cost $3.93 Unrealized -8.7%

HR HEALTHCARE RLTY TR 4.0%

Value $214M Shares 12,600,000 Est. Cost $16.95 Unrealized —

FLR FLUOR CORP NEW 3.9%

Value $206M Shares 5,191,327 Est. Cost $44.24 Unrealized 0.0%

BDX BECTON DICKINSON & CO 3.4%

Value $180M Shares 929,917 Est. Cost $211.78 Unrealized -10.5%

RIOT RIOT PLATFORMS INC 3.1%

Value $161M Shares 12,744,576 Est. Cost $13.77 Unrealized +24.2%

NWSA NEWS CORP NEW 2.9%

Value $154M Shares 5,895,487 Est. Cost $24.27 Unrealized +8.1%

TRIP TRIPADVISOR INC 2.7%

Value $140M Shares 9,644,996 Est. Cost $13.82 Unrealized +10.1%

NWS NEWS CORP NEW 2.5%

Value $132M Shares 4,439,081 Est. Cost $22.32 Unrealized +33.5%

ROG ROGERS CORP 2.1%

Value $110M Shares 1,203,457 Est. Cost $101.68 Unrealized -15.5%

BLMN BLOOMIN BRANDS INC 0.9%

Value $49.24M Shares 7,980,992 Est. Cost $23.53 Unrealized -70.4%

IWM ISHARES TR 0.6%

Value $33.72M Shares 137,000 Est. Cost $215.79 Unrealized —

BIXI BITCOIN INFRASTRUCTURE ACQUI 0.1%

Value $2.988M Shares 300,000 Est. Cost $9.85 Unrealized 0.0%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
QRVO	QORVO INC	7,510,871	$635M	12.0%	$76.14	+15.9%	COM	74736K101
KVUE	KENVUE INC	27,307,632	$471M	8.9%	$20.41	-20.4%	COM	49177J102
AQN	ALGONQUIN PWR UTILS CORP	63,489,420	$390M	7.4%	$6.86	-13.4%	COM	015857105
BILL	BILL HOLDINGS INC	7,024,848	$383M	7.3%	$46.44	+10.6%	COM	090043100
MTCH	MATCH GROUP INC NEW	11,395,379	$368M	7.0%	$33.57	-2.1%	COM	57667L107
IJH	ISHARES TR	5,250,656	$347M	6.6%	$62.22	—	CORE S&P MCP ETF	464287507
ADSK	AUTODESK INC	1,001,733	$297M	5.6%	$267.44	+13.1%	COM	052769106
GEN	GEN DIGITAL INC	10,585,592	$288M	5.5%	$15.78	+70.2%	COM	668771108
CRM	SALESFORCE INC	940,325	$249M	4.7%	$236.73	+4.8%	COM	79466L302
CWAN	CLEARWATER ANALYTICS HLDGS I	9,959,031	$240M	4.5%	$20.03	0.0%	CL A	185123106
ACTG	ACACIA RESH CORP	61,123,595	$229M	4.3%	$3.93	-8.7%	ACACIA TCH COM	003881307
HR	HEALTHCARE RLTY TR	12,600,000	$214M	4.0%	$16.95	—	CL A COM	42226K105
FLR	FLUOR CORP NEW	5,191,327	$206M	3.9%	$44.24	0.0%	COM	343412102
BDX	BECTON DICKINSON & CO	929,917	$180M	3.4%	$211.78	-10.5%	COM	075887109
RIOT	RIOT PLATFORMS INC	12,744,576	$161M	3.1%	$13.77	+24.2%	COM	767292105
NWSA	NEWS CORP NEW	5,895,487	$154M	2.9%	$24.27	+8.1%	CL A	65249B109
TRIP	TRIPADVISOR INC	9,644,996	$140M	2.7%	$13.82	+10.1%	COM	896945201
NWS	NEWS CORP NEW	4,439,081	$132M	2.5%	$22.32	+33.5%	CL B	65249B208
ROG	ROGERS CORP	1,203,457	$110M	2.1%	$101.68	-15.5%	COM	775133101
BLMN	BLOOMIN BRANDS INC	7,980,992	$49.24M	0.9%	$23.53	-70.4%	COM	094235108
IWM	ISHARES TR	137,000	$33.72M	0.6%	$215.79	—	RUSSELL 2000 ETF	464287655
BIXI	BITCOIN INFRASTRUCTURE ACQUI	300,000	$2.988M	0.1%	$9.85	0.0%	USD CL A ORD SHS	G1143H101