Starboard Value raises stakes in Kenvue, Riot Platforms

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February 17, 2026 6:22 PM EST

The company logo for Kenvue Inc. Johnson & Johnson's consumer-health business, is displayed on a screen during the company's IPO at the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2023. REUTERS/Brendan McDermid

By Noel ‌Randewich

Feb 17 (Reuters) - ​Activist ​investor Starboard Value LP increased its stakes ‌in cryptocurrency firm Riot Platforms ⁠and consumer health company Kenvue ‌in the December quarter, ‌while reducing its shares in Rogers Corp, News Corp, ​Salesforce and Autodesk, according to a filing on ⁠Tuesday to the U.S. Securities and Exchange ​Commission.

Starboard plans to push for a major overhaul of ​Tripadvisor's board, and ‌is preparing to nominate a majority slate ⁠for the company's eight-member board, the Wall Street Journal reported ⁠on Monday.

Starboard owned 9.6 million shares ​of Tripadvisor with a reported value of about $140 million at the end ‌of December, according to Tuesday's filing. That was ‌up from 9.5 ⁠million shares at ‌the end ​of September.

(Reporting by Noel Randewich; Editing by Cynthia ‌Osterman)


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