Starboard Value LP

NEW YORK, NY · CIK 0001517137

Portfolio Value: $2.87B

Positions: 27

Period: 2014-09-30

Filed: 2014-11-14

Portfolio Value

$2.87B

Positions

New

Increased

Decreased

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Starboard Value LP Q3 2014 13F Filing Summary

Starboard Value LP (NEW YORK, NY) reported a portfolio value of $2.87B across 27 positions in their Q3 2014 SEC 13F filing (period ending 2014-09-30). Top holdings include DRI ($598.74M), IWM ($420.54M), MEADWESTVACO CORP ($382.79M). The top 10 positions account for 84.3% of the portfolio. This quarter saw 6 new positions, 6 increases, 6 reductions, 20 complete exits. Notable new buys: YAHOY ($314.77M), AOL INC. ($86.21M), ENR ($46.20M). Notable exits: NNBR, COMPUWARE CORP, TIBCO SOFTWARE INC.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	DRIDARDEN RESTAURANTS INC COM	237194105	$598.74M	11,635,000	20.87%	+41.6%
2	IWMISHARES TR RUSSELL 2000 ETF	464287655	$420.54M	3,845,800	14.66%	+1.2%
3	MEADWESTVACO CORP COM	583334107	$382.79M	9,350,000	13.34%	-
4	YAHOYYAHOO INC COM	984332106	$314.77M	7,724,420	10.97%	New
5	ODPEUROFFICE DEPOT INC COM	676220106	$238.10M	46,323,913	8.30%	-
6	IESCTESSERA TECHNOLOGIES INC COM	88164L100	$126.25M	4,750,000	4.40%	-
7	BABBBABCOCK & WILCOX CO NEW COM	05615F102	$90.69M	3,275,000	3.16%	-10.9%
8	AOL INC. COM	00184X105	$86.21M	1,918,000	3.01%	New
9	MICREL INC COM	594793101	$81.59M	6,782,000	2.84%	+201.4%
10	INTEGRATED DEVICE TECHNOLOGY COM	458118106	$77.36M	4,850,000	2.70%	-
11	WAUSAU PAPER CORP COM	943315101	$59.48M	7,500,000	2.07%	-
12	CALGON CARBON CORP COM	129603106	$48.94M	2,525,000	1.71%	-
13	REALD INC COM	75604L105	$46.38M	4,950,000	1.62%	+39.4%
14	ENRENERGIZER HLDGS INC COM	29266R108	$46.20M	375,000	1.61%	New
15	CWCURTISS WRIGHT CORP COM	231561101	$42.85M	650,000	1.49%	-31.2%
16	QMCOQUANTUM CORP NOTE 4.500% 11/1	747906AJ4	$30.74M	30,550,000	1.07%	-
17	QMCOQUANTUM CORP COM DSSG	747906204	$29.81M	25,695,000	1.04%	-
18	LXULSB INDS INC COM	502160104	$26.78M	750,000	0.93%	-15.7%
19	FAMILY DLR STORES INC COM	307000109	$23.17M	300,000	0.81%	-57.1%
20	KRATON PERFORMANCE POLYMERS COM	50077C106	$22.62M	1,270,000	0.79%	New
21	UNWIRED PLANET INC NEW COM	91531F103	$19.91M	10,704,282	0.69%	-
22	AIRAARONS INC COM PAR $0.50	2535300	$19.46M	800,000	0.68%	+0.0%
23	DSP GROUP INC COM	23332B106	$11.94M	1,346,500	0.42%	-17.9%
24	DGDOLLAR GEN CORP NEW COM	256677105	$9.17M	150,000	0.32%	New
25	XO GROUP INC COM	983772104	$5.94M	530,000	0.21%	+3.9%
26	TWITITAN INTL INC ILL COM	88830M102	$5.91M	500,000	0.21%	New
27	ATIENTROPIC COMMUNICATIONS INC COM	29384R105	$2.13M	800,000	0.07%	-70.9%

Position Changes

Stock	Value	Shares
YAHOYYAHOO INC	$314.77M	7,724,420
AOL INC.	$86.21M	1,918,000
ENRENERGIZER HLDGS INC	$46.20M	375,000
KRATON PERFORMANCE POLYMERS	$22.62M	1,270,000
DGDOLLAR GEN CORP NEW	$9.17M	150,000
TWITITAN INTL INC ILL	$5.91M	500,000