Exited position

Jeff Smith’s Salesforce (CRM) position

Reported position history, portfolio importance and verified filing changes from public SEC disclosures.

Starboard Value LPVerified through Q2 2026
Relationship snapshot

At a glance

The full verified relationship, including prior ownership episodes and exits where supported.

First reportedQ4 2022Earliest verified positive filing snapshot
Latest statusExited positionBased on the latest supported relationship state
Peak shares3.03MHighest verified quarter-end share count
Quarters reported13Verified quarters with shares above zero
What happened?

Starboard Value LP first reported Salesforce in Q4 2022. The reported position was increased and reduced across later filings. The latest verified relationship event shows that Starboard Value LP sold the entire position in Q1 2026, and the stock is no longer reported in the latest verified portfolio.

Verified SEC history

Position over time

See the same verified relationship through reported shares, portfolio weight or reported value.

Metric

Gaps indicate periods that cannot be safely connected or where a verified corporate action changes the raw share scale. Stock price, when available, is market context and not a transaction price.

Key filing events

What changed

Latest filing plus the most meaningful reported changes. Unchanged quarters are collapsed by default.

Q1 2026
Sold the entire position−940.33K shares · No shares reported at quarter-end
Q4 2025
Sold 24.3% of the position−301.83K shares · 940.33K shares remained
Filing context

Quarter-end price $264.91 · Estimated holding basis $224.77

Q3 2025
Sold 0.8% of the position−10.10K shares · 1.24M shares remained
Filing context

Quarter-end price $237.00 · Estimated holding basis $224.77

Q2 2025
Bought 47.4% more+402.57K shares · 1.25M shares reported after the change
Filing context

Quarter-end price $272.69 · Estimated holding basis $224.77

Q1 2025
Bought 51.9% more+290.42K shares · 849.68K shares reported after the change
Filing context

Quarter-end price $268.36 · Estimated holding basis $202.06

Q4 2024
Sold 61.2% of the position−882.58K shares · 559.26K shares remained
Filing context

Quarter-end price $334.33 · Estimated holding basis $167.64

Portfolio importance

How important was Salesforce in Starboard Value LP’s reported portfolio?

Relative importance is measured only within the verified primary non-option reported portfolio for each quarter.

Last reported portfolio weight4.7%Q4 2025
Last reported rank#9of 22 reported positions
Peak portfolio weight10.1%Q1 2023
Best historical rank#2Q1 2023
At peak importanceQ1 2023
CRM
10.1%
Largest holding
15.7%
Cross-investor discovery

Who else owns Salesforce?

Also reported by 2 other tracked investors in their latest verified filings.

Chuck AkreAkre Capital Management
CRM2.2% of reported portfolio
Joel GreenblattGotham Asset Management
CRM0.1% of reported portfolio
Explore Salesforce across all tracked investors →
SEC evidence & methodology

SEC filing evidence

Market context and filing-derived values are kept separate from actual transaction prices, which 13F filings do not disclose.

Latest verified stock price$237.922026-09-18

Market context only; not an investor transaction price.

Latest verified investor filingQ2 2026 · filed 2026-08-14
Open SEC filing ↗

View Salesforce stock page →

This tracker follows Starboard Value LP’s Form 13F disclosures—not Jeff Smith’s personal brokerage account. Form 13F reports quarter-end U.S.-listed positions and certain options, but it does not reveal exact trade dates, execution prices, short positions or the purpose of an option position.