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Starboard Value, the hedge fund headed by Jeffrey Smith, opened a new position in News Corp. (NASDAQ:NWS) with 8.73M shares during the fourth quarter of 2023, according to its latest 13F filing on Wednesday.
The firm beefed up its positions in Algonquin Power & Utilities Corp. (NYSE:AQN) to 61.99M from 58.4M, and Humana (NYSE:HUM) to 994.1K from 841K.
It reduced its holdings in Salesforce (NYSE:CRM) to 1.54M from 1.73M, GoDaddy (NYSE:GDDY) to 7.51M from 9.96M, Mercury Systems (NASDAQ:MRCY) to 2.15M from 2.31M, and Rogers Corp. (NYSE:ROG) to 454K from 545.5K, the filing showed.