By Reuters
November 14, 2016

Starboard Value LP, the activist hedge fund that pushed for the board shake-up and sale of Internet company Yahoo early this year, bought a $124.7 million stake in Hewlett-Packard Enterprise (hpe), according to a quarterly filing on Monday.

Starboard also added media group Tronc (trnc) to its investment portfolio during the quarter, along with cybersecurity company Imperva (impv), Fiesta Restaurant Group (frgi) and outdoor sporting retailer Cabelas (cab), the filing said.

All of the new positions, with the exception of HP Enterprise, were small holdings worth tens of millions of dollars each or less, unlike its large activist positions, which are usually worth more than $200 million.

The filing also said it had sold its $24.4 million stake in refiner Delek U.S. Holdings (dk) and in Four Corners Property Trust (fcne), the real estate investment trust that spun out from Darden Restaurants (dri) last year.

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