Activist investor Starboard Value reduced its position in dating-app parent Match Group (MTCH) by 31.77%, an August 14 SEC filing revealed. The firm, led by Jeff Smith, sold approximately 3.62 million shares, lowering its stake to 7.78 million shares. The remaining position was valued at about $295.84 million at the end of the quarter.
This trade information is from a quarterly 13F report, which discloses positions held as of June 30, 2026, and does not reflect trading activity in the current quarter. Earlier in 2024, Starboard had taken a significant stake in Match Group, pushing for changes to improve margins and potentially take the company private if it couldn't innovate faster.