Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Starboard Value LP Acquires 5.1% Stake in Staples: What It Means for Mutual Fund Investors (SPLS)

Shauna O'Brien

|

Red Staples logo with slogan
On Thursday morning, reports were released that activist investor Starboard Value LP has acquired a 5.1% stake in Staples.

Inside the News

Starboard Value LP has acquired a 5.1% stake in Staples. In addition, the firm has boosted its stake in Office Depot to 9.9%.

Many analysts and investors have been pushing for the two office supply companies to join in order to better compete with companies like Amazon (AMZN). This deal may increase pressure for the two companies to make a deal.

Mutual Funds to Watch

Investors seeking exposure to Staples may also consider a mutual fund investment as an alternative to directly investing in the stock. The mutual funds listed below currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
FLPSX Fidelity® Low-Priced Stock 3.93%
CHTTX ASTON/Fairpointe Mid Cap 2.78%
FDSAX SunAmerica Focused Dividend Strategy 2.55%

The Bottom Line

The funds above may be a good alternative for investors that are interested in SPLS but are seeking additional exposure to other holdings and industries. Investors interested in SPLS may also be interested in Office Depot (ODP) and OfficeMax (OMX).

Shares of SPLS has been flat YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

Red Staples logo with slogan

Starboard Value LP Acquires 5.1% Stake in Staples: What It Means for Mutual Fund Investors (SPLS)

Shauna O'Brien

|

On Thursday morning, reports were released that activist investor Starboard Value LP has acquired a 5.1% stake in Staples.

Inside the News

Starboard Value LP has acquired a 5.1% stake in Staples. In addition, the firm has boosted its stake in Office Depot to 9.9%.

Many analysts and investors have been pushing for the two office supply companies to join in order to better compete with companies like Amazon (AMZN). This deal may increase pressure for the two companies to make a deal.

Mutual Funds to Watch

Investors seeking exposure to Staples may also consider a mutual fund investment as an alternative to directly investing in the stock. The mutual funds listed below currently hold the largest stakes in the company.
Symbol Mutual Fund Stake
FLPSX Fidelity® Low-Priced Stock 3.93%
CHTTX ASTON/Fairpointe Mid Cap 2.78%
FDSAX SunAmerica Focused Dividend Strategy 2.55%

The Bottom Line

The funds above may be a good alternative for investors that are interested in SPLS but are seeking additional exposure to other holdings and industries. Investors interested in SPLS may also be interested in Office Depot (ODP) and OfficeMax (OMX).

Shares of SPLS has been flat YTD.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Popular Articles

Read Next

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.