Starboard Value

Activist hedge fund targeting value creation in listed companies.

Available information varies by company and source.

Profile record updated:

Company facts

Official name
Starboard Value LP
Entity type
COMPANY
Founded
2011
Headquarters
777 Third Avenue, 18th Floor, New York, NY 10017
Company size
10–49
Market role
Private Equity, VC & Investor
Official website
starboardvalue.com

What Starboard Value does

Starboard Value operates an activist investment management model. It raises and manages capital from limited partners, builds concentrated positions in public companies trading below its assessment of intrinsic value, and then seeks to influence strategy, governance, capital allocation and portfolio structure to unlock that value. The firm creates value by combining public market investing with direct shareholder activism, including proxy work, board engagement, cooperation agreements and transaction advocacy.

Category differentiation

Starboard Value is an activist investment adviser and hedge fund, not an operating software vendor, publisher or adtech platform. It influences public companies through ownership stakes rather than selling enterprise software or media inventory.

Strategic context

AI-supported assessment from the existing company research; distinguish interpretation from sourced facts.

Starboard Value LP is a private, SEC-registered activist investment adviser and hedge fund founded in 2011 and headquartered in the United States. The firm acquires significant stakes in publicly traded companies and then engages with management teams and boards to drive operational improvements, capital allocation changes, asset sales, spin-offs and governance influence intended to increase shareholder value. Its activity spans sectors including software, travel, industrials and consumer businesses, but its core business is investment management rather than operating those portfolio companies directly. The firm makes money through the economics of fund management and investment performance tied to its activist strategy. Its direct customers are institutional investors and other limited partners allocating capital to its funds, while its strategic influence is exercised over listed portfolio companies such as BILL Holdings, Tripadvisor, Fluor and past situations including Acacia Research and Bloomin' Brands. The current narrative emphasises operational turnarounds, margin expansion, non-core asset monetisation and disciplined capital allocation as the main levers for value creation.

Business model & monetisation

The firm monetises through investment management economics: management fees on assets under management and performance participation tied to investment returns. Commercial value is driven by appreciation in public equity positions following activism-led catalysts such as board seats, operating margin expansion, divestitures, spin-offs, asset monetisation and share repurchases.

Fund management fees
Service Fee
Performance-based investment income
Returns linked to activist equity appreciation

Products & capabilities

No products with linked sources are available in this view.

Recent recorded signals

Dates refer to the source publication. Older entries are historical context, not evidence of a new event.

No sufficiently sourced and dated signals are available for this view.

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Questions about Starboard Value

What is Starboard Value?

Starboard Value is a US-based activist investment adviser and hedge fund that buys stakes in public companies and pushes for strategic and operational changes.

Who uses Starboard Value?

Its direct customers are institutional investors and other limited partners allocating capital to activist public-equity strategies.

How does Starboard Value make money?

It earns investment management economics tied to assets under management and investment performance from activist positions in listed companies.

Sources & coverage

This profile uses public, official and technically observable information. Missing information does not prove that a product or relationship does not exist. The list below does not imply that every profile statement has been verified.

10 publicly documented primary sources and citations linked across the market graph.

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