economy
Activist Starboard takes stakes in these two consumer stocks
Activist Starboard Value started new positions in two consumer stocks, according to a recent regulatory filing.
TL;DR
- Starboard Value initiated new positions in Lamb Weston and Carmax.
- Both new positions are valued at approximately $258 million.
- Lamb Weston gained nearly 2% in Q1, while Carmax rose over 7%.
- Year-to-date, Lamb Weston is up over 5%, and Carmax is down over 4%.
- Lamb Weston and Carmax are Starboard's eighth and ninth largest holdings.
- Starboard increased its stake in Riot Platforms by 22%, valuing it at $192 million.
- Riot Platforms has surged over 85% this year despite a Q1 decline.