The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
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As of Oct 20, 2026
Starboard Value presented three core activist long investment theses at the 2026 Active-Passive Investor Summit. Fund-level performance figures, net returns, exposure metrics, and cash allocations were not disclosed in the presentation materials, which focused purely on single-stock activist research and operational value creation proposals across three targeted holdings. From a thematic perspective, the presentation centers on three secular structural drivers: the urgent need to rebuild aging United States infrastructure, the multi-decade expansion of artificial intelligence driving unprecedented demand for compute power and specialized radio-frequency (RF) semiconductors, and the critical electricity demand surge revitalizing domestic nuclear energy supply chains. Starboard emphasizes identifying high-barrier, asset-rich businesses trading at steep valuation discounts due to transient cost inflation, aborted corporate transactions, or temporary cyclical troughs. Portfolio activity and discussion highlight high-conviction long positions in Knife River Corporation (KNF), Skyworks Solutions (SWKS), and Solstice Advanced Materials (SOLS). In Knife River, Starboard targets closing a 700 basis point adjusted EBITDA margin deficit via disciplined pricing and SG&A operational rationalization. In Skyworks, Starboard highlights the earnings power unlocked by the completed merger with Qorvo. In Solstice, Starboard advocates focusing on core fluorine chemistries—notably its sole domestic UF6 nuclear conversion facility—following the termination of the Element Solutions deal.
Starboard Value targets high-quality, asset-rich market leaders trading at discounted valuations where operational improvements, capital allocation discipline, or strategic actions can unlock substantial shareholder value.
Starboard anticipates that operational margin expansion, merger synergies, and contract repricing across infrastructure, semiconductors, and nuclear supply chains will drive substantial shareholder returns independent of macro headwinds.
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