Starboard Value Reports 2025 AUM and Portfolio Changes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 18 2026
0mins
Should l Buy QRVO?
Source: seekingalpha
- AUM Overview: As of the end of 2025, Starboard Value reported an AUM of $5.29 billion, slightly down from $5.53 billion the previous year, indicating a stable asset base despite a broader market increase of 16%.
- Portfolio Additions: In 2025, Starboard added several new positions, including over 7.5 million shares of Qorvo (QRVO), valued at over $634 million, reflecting a strong belief in the semiconductor sector's growth potential.
- Stake Adjustments: The fund increased its stake in Kenvue (KVUE) to over 27 million shares worth $471 million, while also boosting its holdings in Salesforce (CRM) by 68%, demonstrating confidence in these companies' future performance.
- Exit and Reduction Strategy: Starboard completely exited positions in companies like Pfizer (PFE) in 2025 and reduced holdings in Match Group (MTCH), showcasing its adaptive strategy in response to market conditions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy QRVO?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on QRVO
Wall Street analysts forecast QRVO stock price to rise
17 Analyst Rating
1 Buy
15 Hold
1 Sell
Hold
Current: 78.040
Low
85.00
Averages
100.08
High
110.00
Current: 78.040
Low
85.00
Averages
100.08
High
110.00
About QRVO
Qorvo, Inc. is a global provider of connectivity and power solutions. The Company supplies semiconductor solutions. The Company operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG) and Advanced Cellular Group (ACG). The HPA segment is a global supplier of radio frequency (RF), analog mixed signal and power management solutions. The CSG segment is a global supplier of connectivity and sensor solutions, with broad expertise spanning ultra-wideband (UWB), Matter, Bluetooth Low Energy (BLE), Zigbee, Thread, Wi-Fi, cellular solutions for the Internet of Things (IoT) and microelectromechanical system (MEMS)-based sensors. The ACG segment is a global supplier of advanced cellular solutions for smartphones, wearables, laptops, tablets and other devices. The Company serves diverse segments of global markets, including automotive, consumer, defense and aerospace, industrial and enterprise, infrastructure and mobile.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Emerging Consolidation Wave in U.S. Markets
- Resurgence of M&A Activity: Over the six months ending March 2026, U.S. merger activity remained robust, with monthly deal counts consistently between 1,000 and 1,300, indicating strong market demand for consolidation despite volatility and macro uncertainty.
- Sector Concentration Trend: Frequent mergers in consumer health, semiconductors, medical devices, and media entertainment suggest that companies in these sectors are consolidating to enhance scale and competitiveness in response to rising costs and technological pressures.
- Clear Strategic Motivations: In consumer products, companies merge brand portfolios to strengthen negotiating power with retailers; semiconductor firms seek scale due to rising R&D costs; and medical technology companies acquire innovative platforms to accelerate product development.
- Emerging Investment Opportunities: As the consolidation wave accelerates, investors should focus on identifying companies that may become acquisition targets, as recognizing integration opportunities within industries could yield significant returns.
See More
Starboard Value LP Acquires Stake in Fluor Corporation
- New Investment Activity: Starboard Value LP initiated a new position in Fluor Corporation (FLR) by acquiring 5,191,327 shares in Q4 2025, amounting to a total investment of $205.73 million, indicating confidence in Fluor's future growth prospects.
- Ownership Proportion Analysis: This acquisition accounts for 3.9% of Starboard's reportable AUM in its 13F filing, highlighting its significance within a diversified investment portfolio.
- Market Performance Review: As of February 17, 2026, Fluor's shares were priced at $48.57, reflecting a 22.2% increase over the past year, showcasing the company's recovery potential in the engineering and construction sector.
- Strategic Transformation Progress: Fluor has focused on restoring project discipline in recent years, shifting towards projects with more proportional risk structures, and if it can effectively manage project costs, it may enhance its profitability and cash flow stability.
See More
Apple Launches iPhone 17e and Updated iPad Air
- Launch of iPhone 17e: Apple has introduced the iPhone 17e, starting at $599 as a budget model in the iPhone 17 lineup, maintaining a 6.1-inch size while featuring tougher glass, the A19 chip, and 256GB of base storage, enhancing its competitiveness in the budget market.
- iPad Air Upgrade: The updated iPad Air retains its design and pricing but upgrades from the M3 to the M4 chip, with the 11-inch model starting at $599 and the 13-inch version at $799, while the M4 chip offers up to 30% faster performance, increasing its market appeal.
- Preorder and Availability: Preorders for the iPhone 17e will begin on March 4, with in-store availability starting on March 11, a strategic timing aimed at maximizing market response and meeting consumer demand effectively.
- Future Product Announcements: Apple plans to unveil more products in the coming days, which is expected to generate significant consumer excitement, further driving sales growth and enhancing brand influence.
See More
Starboard Value LP Acquires Stake in Clearwater Analytics
- New Investment Disclosure: According to a February 17, 2026 SEC filing, Starboard Value LP disclosed a new position in Clearwater Analytics by purchasing 9,959,031 shares valued at $240.21 million, indicating confidence in the company's growth potential.
- Asset Management Proportion: This acquisition represents 4.55% of Starboard's reportable assets under management as of December 31, 2025, highlighting the importance of Clearwater in their investment strategy and potentially influencing future allocations.
- Market Performance Analysis: As of February 17, 2026, Clearwater's shares were priced at $22.93, reflecting a 17% decline over the past year and underperforming the S&P 500 by 26.7 percentage points, which suggests market caution regarding its growth outlook.
- Business Model and Challenges: Clearwater Analytics focuses on providing automated investment data management solutions for institutional clients; while its cloud platform ensures steady recurring revenue, the complexity of client onboarding may slow margin growth, prompting investors to assess whether revenue can outpace service delivery costs.
See More
Starboard Value Acquires Stake in Clearwater Analytics
- Acquisition Overview: Starboard Value LP acquired 9,959,031 shares in Clearwater Analytics, with an estimated transaction value of $240.21 million, reflecting a new position in its investment portfolio.
- Asset Management Proportion: The newly acquired stake represents 4.55% of Starboard's 13F reportable assets under management, indicating a significant investment despite not being among the top five holdings.
- Market Performance Analysis: As of February 17, 2026, Clearwater Analytics shares were priced at $22.93, down 17% over the past year, underperforming the S&P 500 by 26.7 percentage points, raising concerns about its growth potential.
- Business Model and Challenges: Clearwater Analytics focuses on providing SaaS solutions for automated investment data management, ensuring stable recurring revenue through its subscription model, but the client onboarding process may slow margin growth, making future growth reliant on deeper usage by existing clients.
See More
Starboard Value LP Acquires Major Stake in Clearwater Analytics
- New Investment Disclosure: On February 17, 2026, Starboard Value LP disclosed a purchase of 9,959,031 shares in Clearwater Analytics, valued at $240.21 million, indicating a significant new investment that could influence market performance.
- Asset Management Proportion: This acquisition represents 4.55% of Starboard's reportable assets under management as of December 31, 2025, highlighting Clearwater's importance in its portfolio and potentially attracting more investor interest.
- Market Performance Analysis: As of February 17, 2026, Clearwater's shares were priced at $22.93, down 17.0% over the past year and underperforming the S&P 500 by 26.7 percentage points, reflecting market concerns about its future growth prospects.
- Business Model and Challenges: Clearwater Analytics focuses on automated investment data management, and while its cloud platform provides steady recurring revenue, the complexities of client onboarding and data integration may hinder margin growth, prompting investors to monitor whether revenue growth can outpace service delivery costs.
See More
Emerging Consolidation Wave in U.S. Markets
- Resurgence of M&A Activity: Over the six months ending March 2026, U.S. merger activity remained robust, with monthly deal counts consistently between 1,000 and 1,300, indicating strong market demand for consolidation despite volatility and macro uncertainty.
- Sector Concentration Trend: Frequent mergers in consumer health, semiconductors, medical devices, and media entertainment suggest that companies in these sectors are consolidating to enhance scale and competitiveness in response to rising costs and technological pressures.
- Clear Strategic Motivations: In consumer products, companies merge brand portfolios to strengthen negotiating power with retailers; semiconductor firms seek scale due to rising R&D costs; and medical technology companies acquire innovative platforms to accelerate product development.
- Emerging Investment Opportunities: As the consolidation wave accelerates, investors should focus on identifying companies that may become acquisition targets, as recognizing integration opportunities within industries could yield significant returns.
See More
Starboard Value LP Acquires Stake in Fluor Corporation
- New Investment Activity: Starboard Value LP initiated a new position in Fluor Corporation (FLR) by acquiring 5,191,327 shares in Q4 2025, amounting to a total investment of $205.73 million, indicating confidence in Fluor's future growth prospects.
- Ownership Proportion Analysis: This acquisition accounts for 3.9% of Starboard's reportable AUM in its 13F filing, highlighting its significance within a diversified investment portfolio.
- Market Performance Review: As of February 17, 2026, Fluor's shares were priced at $48.57, reflecting a 22.2% increase over the past year, showcasing the company's recovery potential in the engineering and construction sector.
- Strategic Transformation Progress: Fluor has focused on restoring project discipline in recent years, shifting towards projects with more proportional risk structures, and if it can effectively manage project costs, it may enhance its profitability and cash flow stability.
See More
Apple Launches iPhone 17e and Updated iPad Air
- Launch of iPhone 17e: Apple has introduced the iPhone 17e, starting at $599 as a budget model in the iPhone 17 lineup, maintaining a 6.1-inch size while featuring tougher glass, the A19 chip, and 256GB of base storage, enhancing its competitiveness in the budget market.
- iPad Air Upgrade: The updated iPad Air retains its design and pricing but upgrades from the M3 to the M4 chip, with the 11-inch model starting at $599 and the 13-inch version at $799, while the M4 chip offers up to 30% faster performance, increasing its market appeal.
- Preorder and Availability: Preorders for the iPhone 17e will begin on March 4, with in-store availability starting on March 11, a strategic timing aimed at maximizing market response and meeting consumer demand effectively.
- Future Product Announcements: Apple plans to unveil more products in the coming days, which is expected to generate significant consumer excitement, further driving sales growth and enhancing brand influence.
See More
Starboard Value LP Acquires Stake in Clearwater Analytics
- New Investment Disclosure: According to a February 17, 2026 SEC filing, Starboard Value LP disclosed a new position in Clearwater Analytics by purchasing 9,959,031 shares valued at $240.21 million, indicating confidence in the company's growth potential.
- Asset Management Proportion: This acquisition represents 4.55% of Starboard's reportable assets under management as of December 31, 2025, highlighting the importance of Clearwater in their investment strategy and potentially influencing future allocations.
- Market Performance Analysis: As of February 17, 2026, Clearwater's shares were priced at $22.93, reflecting a 17% decline over the past year and underperforming the S&P 500 by 26.7 percentage points, which suggests market caution regarding its growth outlook.
- Business Model and Challenges: Clearwater Analytics focuses on providing automated investment data management solutions for institutional clients; while its cloud platform ensures steady recurring revenue, the complexity of client onboarding may slow margin growth, prompting investors to assess whether revenue can outpace service delivery costs.
See More
Starboard Value Acquires Stake in Clearwater Analytics
- Acquisition Overview: Starboard Value LP acquired 9,959,031 shares in Clearwater Analytics, with an estimated transaction value of $240.21 million, reflecting a new position in its investment portfolio.
- Asset Management Proportion: The newly acquired stake represents 4.55% of Starboard's 13F reportable assets under management, indicating a significant investment despite not being among the top five holdings.
- Market Performance Analysis: As of February 17, 2026, Clearwater Analytics shares were priced at $22.93, down 17% over the past year, underperforming the S&P 500 by 26.7 percentage points, raising concerns about its growth potential.
- Business Model and Challenges: Clearwater Analytics focuses on providing SaaS solutions for automated investment data management, ensuring stable recurring revenue through its subscription model, but the client onboarding process may slow margin growth, making future growth reliant on deeper usage by existing clients.
See More
Starboard Value LP Acquires Major Stake in Clearwater Analytics
- New Investment Disclosure: On February 17, 2026, Starboard Value LP disclosed a purchase of 9,959,031 shares in Clearwater Analytics, valued at $240.21 million, indicating a significant new investment that could influence market performance.
- Asset Management Proportion: This acquisition represents 4.55% of Starboard's reportable assets under management as of December 31, 2025, highlighting Clearwater's importance in its portfolio and potentially attracting more investor interest.
- Market Performance Analysis: As of February 17, 2026, Clearwater's shares were priced at $22.93, down 17.0% over the past year and underperforming the S&P 500 by 26.7 percentage points, reflecting market concerns about its future growth prospects.
- Business Model and Challenges: Clearwater Analytics focuses on automated investment data management, and while its cloud platform provides steady recurring revenue, the complexities of client onboarding and data integration may hinder margin growth, prompting investors to monitor whether revenue growth can outpace service delivery costs.
See More
