Starboard 13-F: New stake in LW, Exits CRM
- New: Lamb Weston (LW), CarMax (KMX), GPGI (GPGI)
- Raises: Riot Platforms (RIOT), TripAdvisor (TRIP).
- Cuts: Gen Digital (GEN), Clearwater Analytics (CWAN), Healthcare Realty Trust (HR), Becton Dickinson (BDX), Fluor (FLR)
- Exits: Autodesk (ADSK), Salesforce (CRM)
- Top: Qorvo (QRVO), Kenvue (KVUE), Match Group (MTCH), Algonquin Power (AQN)
Context
Starboard's new stake in Lamb Weston (LW) suggests a strategic move in a sector that they view favorably, potentially signaling confidence in its growth. Exiting positions in Salesforce (CRM) and Autodesk (ADSK) could indicate a shift in their investment thesis or valuation concerns, which may have implications for these companies in the market. Keep an eye on how this affects sector sentiment and stock performance, especially for Salesforce amid ongoing scrutiny of tech valuations.
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