Jeffrey Smith's Starboard Value adds Salesforce, Vertiv, exits Huntsman, ACIW
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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.