Private fund adviser · New York, NY
Starboard Value LP
SEC-registered investment adviser · CRD 156943 · SEC 801-72256
At a glance
Starboard Value LP is an SEC-registered investment adviser based in New York, New York, with $8.2 billion in regulatory assets under management as of its Form ADV filed September 11, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 696th of 4,686 private fund advisers and 1,546th of 17,210 SEC-registered advisers by assets.
Main office 212-845-7977starboardvalue.comAs filed on Form ADV
- Regulatory AUM
- $8.2B
- Rank among private fund advisers
- #696 of 4,686
- Rank among all SEC RIAs
- #1,546 of 17,210
- Rank in New York
- #400 of 2,591
- Clients
- 11
- Accounts
- 19
- Discretionary
- 100% of AUM
- Employees
- 44
- Advisory staff
- 16
- Offices
- 2
Owners and executives on its Form ADV
- Jeffrey C. SmithChief Executive Officer and Chief Investment Officer
- Peter A. FeldPortfolio Manager and Head of Research
- Lorelei B MartinChief Compliance Officer
- Pat J. GargiuloChief Financial Officer
- Tatiana LewinGeneral Counsel
Custody and brokerage
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 11 | $5.5B | 67% |
| State or municipal government entities | – | $1.9B | 23% |
| Sovereign wealth funds and foreign official institutions | – | $608M | 7% |
| Pension and profit sharing plans | – | $229M | 3% |
Private funds
Starboard Value LP reports 2 private funds with $5.5B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Starboard Value LP reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗starboardvalue.com ↗
AtlasMembers
The full record on Starboard Value LP
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 1,084 peers of its type and size
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- Owners and executives, with titles and stakes
- 5 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Starboard Value LP manage?
Starboard Value LP reports $8.2 billion in regulatory assets under management across 19 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 11, 2026.
What kind of firm is Starboard Value LP?
Starboard Value LP is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Starboard Value LP’s clients?
By assets, its largest client types are pooled investment vehicles ($5.5 billion, 11 clients); state or municipal government entities ($1.9 billion); sovereign wealth funds and foreign official institutions ($608 million).
Does Starboard Value LP manage private funds?
Yes. It reports 2 private funds with $5.5 billion in gross assets, including hedge funds.
Does Starboard Value LP have any disciplinary history?
Starboard Value LP reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Starboard Value LP’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-11), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →