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 Share Price $84.51 * Est. Cost/Share $76.14 Unrealized @ Report Date +15.9%

KVUE KENVUE INC 8.9%

Value $471M Shares 27,307,632 Share Price $17.25 * Est. Cost/Share $20.41 Unrealized @ Report Date -20.4%

AQN ALGONQUIN PWR UTILS CORP 7.4%

Value $390M Shares 63,489,420 Share Price $6.15 * Est. Cost/Share $6.86 Unrealized @ Report Date -13.4%

BILL BILL HOLDINGS INC 7.3%

Value $383M Shares 7,024,848 Share Price $54.54 * Est. Cost/Share $46.44 Unrealized @ Report Date +10.6%

MTCH MATCH GROUP INC NEW 7.0%

Value $368M Shares 11,395,379 Share Price $32.29 Est. Cost/Share $33.57 Unrealized @ Report Date -2.1%

IJH ISHARES TR 6.6%

Value $347M Shares 5,250,656 Share Price $66.00 Est. Cost/Share $62.22 Unrealized @ Report Date —

ADSK AUTODESK INC 5.6%

Value $297M Shares 1,001,733 Share Price $296.01 * Est. Cost/Share $267.44 Unrealized @ Report Date +13.1%

GEN GEN DIGITAL INC 5.5%

Value $288M Shares 10,585,592 Share Price $27.19 Est. Cost/Share $15.78 Unrealized @ Report Date +70.2%

CRM SALESFORCE INC 4.7%

Value $249M Shares 940,325 Share Price $264.91 * Est. Cost/Share $236.73 Unrealized @ Report Date +4.8%

CWAN CLEARWATER ANALYTICS HLDGS I 4.5%

Value $240M Shares 9,959,031 Share Price $24.12 * Est. Cost/Share $20.03 Unrealized @ Report Date 0.0%

ACTG ACACIA RESH CORP 4.3%

Value $229M Shares 61,123,595 Share Price $3.74 * Est. Cost/Share $3.93 Unrealized @ Report Date -8.7%

HR HEALTHCARE RLTY TR 4.0%

Value $214M Shares 12,600,000 Share Price $16.95 Est. Cost/Share $16.95 Unrealized @ Report Date —

FLR FLUOR CORP NEW 3.9%

Value $206M Shares 5,191,327 Share Price $39.63 * Est. Cost/Share $44.24 Unrealized @ Report Date 0.0%

BDX BECTON DICKINSON & CO 3.4%

Value $180M Shares 929,917 Share Price $194.07 * Est. Cost/Share $211.78 Unrealized @ Report Date -10.5%

RIOT RIOT PLATFORMS INC 3.1%

Value $161M Shares 12,744,576 Share Price $12.67 * Est. Cost/Share $13.77 Unrealized @ Report Date +24.2%

NWSA NEWS CORP NEW 2.9%

Value $154M Shares 5,895,487 Share Price $26.12 Est. Cost/Share $24.27 Unrealized @ Report Date +8.1%

TRIP TRIPADVISOR INC 2.7%

Value $140M Shares 9,644,996 Share Price $14.56 * Est. Cost/Share $13.82 Unrealized @ Report Date +10.1%

NWS NEWS CORP NEW 2.5%

Value $132M Shares 4,439,081 Share Price $29.63 Est. Cost/Share $22.32 Unrealized @ Report Date +33.5%

ROG ROGERS CORP 2.1%

Value $110M Shares 1,203,457 Share Price $91.57 * Est. Cost/Share $101.68 Unrealized @ Report Date -15.5%

BLMN BLOOMIN BRANDS INC 0.9%

Value $49.24M Shares 7,980,992 Share Price $6.17 * Est. Cost/Share $23.53 Unrealized @ Report Date -70.4%

IWM ISHARES TR 0.6%

Value $33.72M Shares 137,000 Share Price $246.16 Est. Cost/Share $215.79 Unrealized @ Report Date —

BIXI BITCOIN INFRASTRUCTURE ACQUI 0.1%

Value $2.988M Shares 300,000 Share Price $9.96 Est. Cost/Share $9.85 Unrealized @ Report Date 0.0%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
QRVO	QORVO INC	7,510,871	$635M	12.0%	$84.51 *	$76.14	+15.9%	COM	74736K101
KVUE	KENVUE INC	27,307,632	$471M	8.9%	$17.25 *	$20.41	-20.4%	COM	49177J102
AQN	ALGONQUIN PWR UTILS CORP	63,489,420	$390M	7.4%	$6.15 *	$6.86	-13.4%	COM	015857105
BILL	BILL HOLDINGS INC	7,024,848	$383M	7.3%	$54.54 *	$46.44	+10.6%	COM	090043100
MTCH	MATCH GROUP INC NEW	11,395,379	$368M	7.0%	$32.29	$33.57	-2.1%	COM	57667L107
IJH	ISHARES TR	5,250,656	$347M	6.6%	$66.00	$62.22	—	CORE S&P MCP ETF	464287507
ADSK	AUTODESK INC	1,001,733	$297M	5.6%	$296.01 *	$267.44	+13.1%	COM	052769106
GEN	GEN DIGITAL INC	10,585,592	$288M	5.5%	$27.19	$15.78	+70.2%	COM	668771108
CRM	SALESFORCE INC	940,325	$249M	4.7%	$264.91 *	$236.73	+4.8%	COM	79466L302
CWAN	CLEARWATER ANALYTICS HLDGS I	9,959,031	$240M	4.5%	$24.12 *	$20.03	0.0%	CL A	185123106
ACTG	ACACIA RESH CORP	61,123,595	$229M	4.3%	$3.74 *	$3.93	-8.7%	ACACIA TCH COM	003881307
HR	HEALTHCARE RLTY TR	12,600,000	$214M	4.0%	$16.95	$16.95	—	CL A COM	42226K105
FLR	FLUOR CORP NEW	5,191,327	$206M	3.9%	$39.63 *	$44.24	0.0%	COM	343412102
BDX	BECTON DICKINSON & CO	929,917	$180M	3.4%	$194.07 *	$211.78	-10.5%	COM	075887109
RIOT	RIOT PLATFORMS INC	12,744,576	$161M	3.1%	$12.67 *	$13.77	+24.2%	COM	767292105
NWSA	NEWS CORP NEW	5,895,487	$154M	2.9%	$26.12	$24.27	+8.1%	CL A	65249B109
TRIP	TRIPADVISOR INC	9,644,996	$140M	2.7%	$14.56 *	$13.82	+10.1%	COM	896945201
NWS	NEWS CORP NEW	4,439,081	$132M	2.5%	$29.63	$22.32	+33.5%	CL B	65249B208
ROG	ROGERS CORP	1,203,457	$110M	2.1%	$91.57 *	$101.68	-15.5%	COM	775133101
BLMN	BLOOMIN BRANDS INC	7,980,992	$49.24M	0.9%	$6.17 *	$23.53	-70.4%	COM	094235108
IWM	ISHARES TR	137,000	$33.72M	0.6%	$246.16	$215.79	—	RUSSELL 2000 ETF	464287655
BIXI	BITCOIN INFRASTRUCTURE ACQUI	300,000	$2.988M	0.1%	$9.96	$9.85	0.0%	USD CL A ORD SHS	G1143H101