- Starboard Value, the hedge fund run by Jeffrey Smith, started new positions in Salesforce ( NYSE: CRM ) (~3.-03M shares) , Vertiv Holdings ( NYSE: VRT ) (16.9M shares), and Splunk ( NASDAQ: SPLK ) (~1.87M shares) and exited Huntsman ( NYSE: HUN ), ACI Worldwide, and eHealth ( NASDAQ: EHTH ), among others during the last three months of 2022, according to its latest 13F filing.
- The firm increased stakes in GoDaddy ( NYSE: GDDY ) to 10.2M shares from 8.26M, iShares Russell 2000 Value ETF ( NYSEARCA: IWN ) to 900K shares from ~77.4K shares, and iShares Russell 2000 ETF ( NYSEARCA: IWM ) to 519K shares from 52.7K.
- It reduced holdings in CommVault Systems ( NASDAQ: CVLT ) to 1.55M share from 3.66M, ON Semiconductor ( NASDAQ: ON ) to 950K shares from 2.45M shares, Humana ( NYSE: HUM ) to 775K shares from 953K and Wix.com ( NASDAQ: WIX ) to 2.32M shares from 2.57M, according to the filing .
- Previously (Jan. 22, 2023), Hedge funds for 2022 saw the largest capital flight in six years.
For further details see:
Jeffrey Smith's Starboard Value adds Salesforce, Vertiv, exits Huntsman, ACIW