Starboard Value LP

NEW YORK, NY · CIK 0001517137

Portfolio Value: $2.55B

Positions: 28

Period: 2014-06-30

Filed: 2014-08-14

Portfolio Value

$2.55B

Positions

New

Increased

Decreased

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Starboard Value LP Q2 2014 13F Filing Summary

Starboard Value LP (NEW YORK, NY) reported a portfolio value of $2.55B across 28 positions in their Q2 2014 SEC 13F filing (period ending 2014-06-30). Top holdings include IWM ($451.33M), MEADWESTVACO CORP ($413.83M), DRI ($380.11M). The top 10 positions account for 79.9% of the portfolio. This quarter saw 7 new positions, 6 increases, 7 reductions, 13 complete exits. Notable new buys: MEADWESTVACO CORP ($413.83M), TIBCO SOFTWARE INC ($86.73M), FAMILY DLR STORES INC ($46.30M). Notable exits: RF MICRODEVICES INC, AIR, EMULEX CORP.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	IWMISHARES RUSSELL 2000 ETF	464287655	$451.33M	3,798,800	17.70%	+39.3%
2	MEADWESTVACO CORP COM	583334107	$413.83M	9,350,000	16.23%	New
3	DRIDARDEN RESTAURANTS INC COM	237194105	$380.11M	8,215,061	14.90%	+13.3%
4	ODPEUROFFICE DEPOT INC COM	676220106	$263.58M	46,323,913	10.34%	-
5	BABBBABCOCK & WILCOX CO NEW COM	05615F102	$119.29M	3,675,000	4.68%	+83.8%
6	IESCTESSERA TECHNOLOGIES INC COM	88164L100	$104.88M	4,750,000	4.11%	-
7	TIBCO SOFTWARE INC COM	88632Q103	$86.73M	4,300,000	3.40%	New
8	WAUSAU PAPER CORP COM	943315101	$81.15M	7,500,000	3.18%	-
9	INTEGRATED DEVICE TECHNOLOGY COM	458118106	$74.98M	4,850,000	2.94%	-19.2%
10	CWCURTISS WRIGHT CORP COM	231561101	$61.95M	945,000	2.43%	+1.1%
11	ICLRTRIQUINT SEMICONDUCTOR INC COM	89674K103	$61.84M	3,911,478	2.42%	-12.3%
12	CALGON CARBON CORP COM	129603106	$56.38M	2,525,000	2.21%	-30.3%
13	NNBRREGIS CORP MINN NOTE 5.000% 7/1	758932AA5	$49.48M	49,429,000	1.94%	-
14	FAMILY DLR STORES INC COM	307000109	$46.30M	700,000	1.82%	New
15	REALD INC COM	75604L105	$45.30M	3,550,000	1.78%	+57.8%
16	COMPUWARE CORP COM	205638109	$45.20M	4,525,000	1.77%	-7.7%
17	LXULSB INDS INC COM	502160104	$37.09M	890,000	1.45%	-20.2%
18	QMCOQUANTUM CORP NOTE 4.500% 11/1	747906AJ4	$31.55M	30,550,000	1.24%	-
19	QMCOQUANTUM CORP COM DSSG	747906204	$31.35M	25,695,000	1.23%	-
20	MICREL INC COM	594793101	$25.38M	2,250,000	1.00%	New
21	UNWIRED PLANET INC NEW COM	91531F103	$23.87M	10,704,282	0.94%	+13.2%
22	DSP GROUP INC COM	23332B106	$13.92M	1,640,000	0.55%	-
23	XPNEWFIELD EXPL CO COM	651290108	$9.95M	225,000	0.39%	New
24	ATIENTROPIC COMMUNICATIONS INC COM	29384R105	$9.16M	2,750,000	0.36%	-6.8%
25	AVON PRODS INC COM	54303102	$8.77M	600,000	0.34%	New
26	POLYCOM INC COM	73172K104	$6.26M	500,000	0.25%	-77.8%
27	XO GROUP INC COM	983772104	$6.23M	510,000	0.24%	New
28	NNBRREGIS CORP MINN COM	758932107	$4.51M	320,600	0.18%	-

Position Changes

Stock	Value	Shares
MEADWESTVACO CORP	$413.83M	9,350,000
TIBCO SOFTWARE INC	$86.73M	4,300,000
FAMILY DLR STORES INC	$46.30M	700,000
MICREL INC	$25.38M	2,250,000
XPNEWFIELD EXPL CO	$9.95M	225,000
AVON PRODS INC	$8.77M	600,000
XO GROUP INC	$6.23M	510,000