DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Starboard Value LP

Asset manager (funds and pooled vehicles)New York, New YorkCRD 156943SEC 801-72256websiteIAPD
Latest filing Sep 11, 2026
First filing on the tape Jan 24, 2012 · 33 filings
SEC status approved since Apr 21, 2011
RAUM
$8.2B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
44
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
33 filings and snapshots on the tape
RAUM$8.2B as of Mar 6, 2026
Jan 24, 2012$583M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 6, 2026
Jan 24, 20120 then
Employees (5.A)44 as of Mar 6, 2026
Feb 26, 201314 then
Private funds2 as of Mar 6, 2026
Jan 24, 20122 then
RAUM -9.9% over the last fiscal year+0.4% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
Archetypes, each a printed rule
  • Bank affiliated · Item 7.A.6 or 7.A.7 (bank or trust company affiliate) and a bank, bancorp or trust company as a 50 percent or greater owner on Schedule A
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$429MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
33%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived2 offices incl. principal (1.F.5)
RAUM growth, one year
-9.9%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for businesses and institutions, portfolio management for pooled vehiclesreportedItem 5.G
Custody
$6.8B, 18 clientsreportedItem 9.A
Ownership
a bank, bancorp or trust company is a 50 percent or greater ownerderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • marketing includes testimonials (5.L.1.c)
  • marketing includes hypothetical performance (5.L.3)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$5.5B67%
  • State and municipal entities$1.9B23%
  • Sovereign wealth funds$608M7.5%
  • Pension and profit-sharing plans$229M2.8%
Individual clients
0reported
HNW clients
0reported
Pension plan clients
n/areported
Charitable clients
0reported
Accounts
19reported
Financial planning clients
n/areported
Wrap fee programs
noreported
Custody of client assets
$6.8B for 18 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=0.67 institutional_share=0.33 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      6 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      Starboard Value And Opportunity Master Fund LtdHedge Fund$4.7B919Jan 24, 2012
      Starboard X Master Fund LtdHedge Fund$1.1B52Nov 4, 2020
      Starboard Value And Opportunity S LLCno longer reportedHedge Fund$206M2Jan 24, 2012
      Starboard Leaders Select Fund LPHedge Fund$24.4M2Oct 26, 2015
      Starboard Partners Fund LPno longer reportedHedge Fund$7.0M5Nov 21, 2014
      Starboard Leaders Fund LPHedge Fund$3.8M10Jun 25, 2013
      Owners and control persons
      Schedule A and B, latest filing
      • Amery Lindsey Cara · General Counselcontrol
        since 02/2024 · owns less than 5%
      • Alexander Peter Feld · Portfolio Manager And Head Of Researchcontrol
        since 03/2011 · owns less than 5%
      • Rod Kenneth Marlin · Chief Financial Officercontrol
        since 03/2011 · owns less than 5%
      • B Lorelei Martin · Chief Compliance Officercontrol
        since 03/2024 · owns less than 5%
      • Chad Jeffrey Smith · Chief Executive Officer And Chief Investment Officercontrol
        since 03/2011 · owns less than 5%
      • Alexander Peter Feld · Membercontrol
        since 03/2011 · owns 50% to 75% of Starboard Principal Co Gp LLC
      • Alexander Peter Feld · Limited Partnercontrol
        since 03/2011 · owns 25% to 50% of Starboard Principal Co LP
      • Chad Jeffrey Smith · Limited Partnercontrol
        since 03/2011 · owns 25% to 50% of Starboard Principal Co LP
      • Chad Jeffrey Smith · Membercontrol
        since 03/2011 · owns 50% to 75% of Starboard Principal Co Gp LLC
      Entity owners
      • Starboard Principal Co LP · Limited Partner
        direct · owns 75% or more
      • Starboard Value Gp LLC · General Partner
        direct · owns less than 5%
      • Cowen Investment Management LLC · Member
        indirect · owns 75% or more of Ramius V&O Holdings LLC
      • Starboard Principal Co Gp LLC · General Partner
        indirect · owns F of Starboard Principal Co LP
      • Starboard Principal Co LP · Member
        indirect · owns 75% or more of Starboard Value Gp LLC
      • Toronto-Dominion Bank · Member
        indirect · owns 75% or more of Cowen Investment Management LLC · public reporting company
      • Ramius V&O Holdings LLC · Limited Partner
        direct · owns 10% to 25%
      Related persons
      Schedule D 7.A
      • Starboard Value A Gp LLC
        pooled vehicle sponsorn
      • Starboard Value A LP
        pooled vehicle sponsorn
      • Starboard Value R LP
        pooled vehicle sponsorn
      Advisers that list Starboard Value LP as a related person
      Offices
      Schedule D 1.F, the 25 largest
      • Fort Lauderdale, FL4 employees
      What changed
      consecutive filings, newest first
      • Financial planning clients · to unset
        Mar 6, 2026 to Sep 11, 2026
      • Private funds · 2 to unset
        Mar 6, 2026 to Sep 11, 2026
      • Succession · false to unset
        Mar 6, 2026 to Sep 11, 2026
      • Advisory employees · 17 to 16
        Feb 26, 2025 to Mar 6, 2026
      • Assets in custody · $8.1B to $6.8B
        Feb 26, 2025 to Mar 6, 2026
      • Discretionary RAUM · $9.0B to $8.2B
        Feb 26, 2025 to Mar 6, 2026
      • Pension RAUM · $235M to $229M
        Feb 26, 2025 to Mar 6, 2026
      • Pooled vehicle RAUM · $6.1B to $5.5B
        Feb 26, 2025 to Mar 6, 2026
      • RAUM · $9.0B to $8.2B
        Feb 26, 2025 to Mar 6, 2026
      • Accounts · 23 to 19
        Mar 29, 2024 to Feb 26, 2025
      • Pooled vehicle clients · 15 to 11
        Mar 29, 2024 to Feb 26, 2025
      • Assets in custody · $7.5B to $8.1B
        Mar 29, 2024 to Feb 26, 2025
      • Employees · 45 to 44
        Mar 29, 2024 to Feb 26, 2025
      • Financial planning clients · unset to
        Mar 29, 2024 to Feb 26, 2025
      • Private funds · 4 to 2
        Mar 29, 2024 to Feb 26, 2025
      • Discretionary RAUM · $8.3B to $9.0B
        Mar 29, 2024 to Feb 26, 2025
      • Pension RAUM · $238M to $235M
        Mar 29, 2024 to Feb 26, 2025
      • Pooled vehicle RAUM · $5.8B to $6.1B
        Mar 29, 2024 to Feb 26, 2025
      • RAUM · $8.3B to $9.0B
        Mar 29, 2024 to Feb 26, 2025
      • Advisory employees · 16 to 17
        Mar 31, 2023 to Mar 29, 2024
      • Corporate clients · 0.0 to unset
        Mar 31, 2023 to Mar 29, 2024
      • Assets in custody · $7.3B to $7.5B
        Mar 31, 2023 to Mar 29, 2024
      • Employees · 41 to 45
        Mar 31, 2023 to Mar 29, 2024
      • Discretionary RAUM · $8.0B to $8.3B
        Mar 31, 2023 to Mar 29, 2024
      • Pension RAUM · $218M to $238M
        Mar 31, 2023 to Mar 29, 2024
      • Pooled vehicle RAUM · $5.4B to $5.8B
        Mar 31, 2023 to Mar 29, 2024
      • RAUM · $8.0B to $8.3B
        Mar 31, 2023 to Mar 29, 2024
      • Accounts · 20 to 23
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 17 to 16
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle clients · 12 to 15
        Mar 30, 2022 to Mar 31, 2023
      • Assets in custody · $8.3B to $7.3B
        Mar 30, 2022 to Mar 31, 2023
      • Employees · 39 to 41
        Mar 30, 2022 to Mar 31, 2023
      • Discretionary RAUM · $9.2B to $8.0B
        Mar 30, 2022 to Mar 31, 2023
      • Pension RAUM · $389M to $218M
        Mar 30, 2022 to Mar 31, 2023
      • Pooled vehicle RAUM · $6.2B to $5.4B
        Mar 30, 2022 to Mar 31, 2023
      • RAUM · $9.2B to $8.0B
        Mar 30, 2022 to Mar 31, 2023
      • Advisory employees · 15 to 17
        Nov 8, 2021 to Mar 30, 2022
      • Assets in custody · $5.4B to $8.3B
        Nov 8, 2021 to Mar 30, 2022
      • Employees · 37 to 39
        Nov 8, 2021 to Mar 30, 2022
      • Discretionary RAUM · $6.3B to $9.2B
        Nov 8, 2021 to Mar 30, 2022
      Signals
      3 dated events
      • B Lorelei Martin (Chief Compliance Officer) appeared on Schedule A of Starboard Value Lp
        Mar 29, 2024 · Control person joined · fact
      • Starboard Value Lp reported RAUM $9.2B, up 47% from $6.3B (2021-11-08 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • Robert Mark Mitchell (Portfolio Manager And Head Of Risk Management And Trading) no longer on Schedule A of Starboard Value Lp (listed 2018-03-29, absent 2019-02-04)
        Feb 4, 2019 · Control person left · inference
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Website
      STARBOARDVALUE.COMreportedpublic record, Form ADV, Sep 17, 2026
      Principal office phone
      212-845-7977reportedpublic record, Form ADV, Sep 11, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026