Activist fund Starboard Value, managed by Jeff Smith, has filed a 13D with the US Securities and Exchange Commission, in which it reported its position in Four Corners Property Trust Inc (NYSE:FCPT), which contains 2.81 million shares of the company. The position amasses 4.7% of the company’s outstanding stock and is smaller than the 3.88 million-share holding Starboard disclosed in its last 13F filing. Starboard initiated a position in Four Corners Property Trust during the last quarter, when the company went public. The stock has inched up by 2.4% since
Another shareholder of Four Corners Property Trust is Dmitry Balyasny’s Balyasny Asset Management, which holds 630,548 shares, according to its last 13F filing.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
STARBOARD VALUE | 2,807,814 | 2,807,814 | 2,807,814 | 0 | 2,807,814 | 4.7% |
STARBOARD VALUE AND OPPORTUNITY MASTER FUND LTD | 887,734 | 2,807,814 | 887,734 | 2,807,814 | 887,734 | 1.5% |
STARBOARD VALUE AND OPPORTUNITY S | 214,832 | 2,807,814 | 214,832 | 2,807,814 | 214,832 | Less than 1% |
STARBOARD VALUE AND OPPORTUNITY C | 117,757 | 117,575 | 2,807,814 | 117,757 | Less than 1% | |
STARBOARD VALUE R | 117,757 | 117,757 | 117,757 | Less than 1% | ||
STARBOARD VALUE R GP | 117,757 | 117,757 | 117,757 | Less than 1% | ||
STARBOARD LEADERS DELTA | 1,280,353 | 1,280,353 | 1,280,353 | 2.1% | ||
STARBOARD LEADERS FUND | 1,280,353 | 1,280,353 | 1,280,353 | 2.1% | ||
STARBOARD VALUE A | 1,280,353 | 1,280,353 | 1,280,353 | 2.1% | ||
STARBOARD VALUE A GP | 1,280,353 | 1,280,353 | 1,280,353 | 2.1% | ||
STARBOARD VALUE GP | 2,807,814 | 2,807,814 | 2,807,814 | 4.7% | ||
STARBOARD PRINCIPAL CO | 2,807,814 | 2,807,814 | 2,807,814 | 4.7% | ||
STARBOARD PRINCIPAL CO GP | 2,807,814 | 2,807,814 | 2,807,814 | 4.7% | ||
JEFFREY C. SMITH | 1,597 | 1,597 | 2,807,814 | 4.7% | ||
MARK R. MITCHELL | 2,807,814 | 4.7% | ||||
PETER A. FELD | 2,809,411 | 4.7% |

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