Hedge Fund Solutions will be doing a multi-part series via Valuewalk over the next month. The first piece is a report they put together on recent activist buying. Below is a copy of the recently published research on activist investing. The research examines companies in which top activist investors have been aggressively increasing ownership (from Oct. 1, 2014 – March 17, 2015) and may engage with the board and/or management to help unlock hidden value.
The second piece will be an in-depth report on a small cap company included on the list, that they believe offers significant upside to today’s stock price. They expect to produce a couple more in-depth pieces throughout the month as well.
The Third piece will be a weekly round up of activist activity for that week. This will be posted weekly to www.valuewalk.com
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More
Methodology for the first report is listed on page 6. A quick synopsis of the data examined is investment positions held through March 17, 2015 (Source SEC: 13D, 13F Statements; Hedge Fund Solutions’ proprietary activist database) for the top 50 Activist Investors. They examined every investment made by the top activist investors to determine Prime Activist Targets, where activists have taken new and sizeable (more than 1% of the company’s shares outstanding) investments and increased positions, where activists were previously invested and have increased ownership positions between Oct. 1, 2014 and March 17, 2015.
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See full PDF below.