Starboard Value: Platform Profile

Overview

Starboard Value is a New York investment adviser known for concentrated fundamental investing and active ownership. Its public-company campaigns typically focus on businesses it believes are deeply undervalued and where operational, strategic, capital-allocation or governance changes may unlock value.

May fit better for

• qualified investors seeking concentrated active ownership;
• investors comfortable with activist campaigns and board engagement;
• allocators seeking fundamental public-equity exposure;
• investors able to tolerate company-specific and campaign risk.

May fit less well for

• investors seeking broad diversification;
• retail users seeking public self-service fund access;
• investors uncomfortable with activist situations;
• users who treat 13F holdings as the complete portfolio.

Current regulatory AUM is $8.152B

• Regulatory AUM: $8.152B
• Regulatory AUM exact: $8,151,859,267
• Regulatory AUM as of: 2026-03-06
• Account count: 19
• Employees: 44

Current private-fund GAV is about $5.45B

• Private fund gross assets: $5.452B
• Private fund count: 9
• SMA capability or accounts present: Yes

Q2 2026 13F value is $4.524B

Official SEC summary:

• Q2 2026 13F value: $4.524B
• Q2 2026 13F exact value: $4,523,797,468
• Q2 2026 13F as of: 2026-06-30
• Q2 2026 13F entry count: 22
• Included manager count: 5

The filing reports holdings for Starboard Value plus five included managers/entities.

• 13F consolidated reporting structure: Yes
• Form 13F market value equals regulatory AUM: No
• Form 13F equals complete portfolio: No

Strategy is fundamental active ownership

Current 2026 SEC campaign materials describe Starboard as using a focused fundamental approach, investing in deeply undervalued public companies and engaging management teams and boards to unlock value.

• Fundamental: Yes
• Value oriented: Yes
• Active ownership: Yes
• Board and management engagement: Yes
• Public equity focus: Yes

Recent 2026 13D activity confirms that active ownership remains current, including the BILL Holdings campaign.

Active ownership is not a guarantee

• Engagement guarantees value creation: No
• Board representation guarantees return: No

Campaign outcomes, operating results and market valuation can move against the investment thesis.

Assessment

Starboard's 13F is meaningful because public equities are central to the strategy, but the consolidated $4.524B filing is still not the same as $8.152B of regulatory AUM or $5.452B of private-fund GAV.