Activist investor Jeff Smith's Starboard Value has sold its entire stake in Rogers Corp (ROG), a specialty materials manufacturer. The fund liquidated its remaining 584,330 shares, a position valued at approximately $62.72 million at the end of the first quarter.
This move concludes a multi-year activist engagement. Starboard first took a significant stake in 2025 to push for changes to unlock shareholder value. [8, 10] The sale was revealed in an SEC 13F filing on August 14, which discloses positions held as of June 30, 2026, meaning the trades could have occurred anytime during the second quarter.