Jeffrey Smith’s Starboard Value disclosed in an SEC filing its holdings as of June 30, 2022. The fund’s 27 new buys during the second quarter included, by size of position, Investcorp India Acquisition (IVCA), Clean Earth Acquisitions Class A (CLIN), A. Spac II Acquisition (ASCA), Fast Acquisition Corp. II Class A (FZT), and Ftac Emerald Acquisition Class A (EMLD). Starboard exited 14 positions during the quarter, including by size of previous position E.Merge Technology Acquisition Class A (ETAC) and ZeroFox (ZFOX). The fund increased its stake in seven holdings, including by size of previous position Mercury Systems (MRCY), Dragoneer Growth Opportunities Corp. III Class A (DGNU), Digital Health Acquisition (DHAC), NortonLifeLock (NLOK), and LivePerson (LPSN). Starboard reduced its stake in 13 holdings, including by size of previous position Huntsman (HUN), Corteva (CTVA), iShares Russell 2000 ETF (IWM), Kohl’s (KSS), and On Semiconductor (ON). The fund’s top holdings as of June 30, in order of size, were GoDaddy (GDDY), Aecom (ACM), Humana (HUM), Willis Towers Watson (WLTW), and NortonLifeLock.
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