Activistmonitor Reveals Big Activist Investors Driving Shareholder Revolution by Mergermarket
According to Activistmonitor, a new Mergermarket Group platform for advisors and the investment community comprising predictive intelligence and behavioral data on shareholder activism, the top 20 shareholder activists in North America continue to boost their share of new campaigns with no sign of letting up.
|TOP 20 Activist Investors 2011 to-date|
|ValueAct Capital Management|
|Marcato Capital Management|
|Pershing Square Capital Management|
|Blue Harbour Group|
|Sandell Asset Management|
|FrontFour Capital Group|
|Land and Buildings Investment Management|
|Trian Fund Management|
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Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More
Q1 2016 Activistmonitor research shows corporate boards are engaging earlier and taking these leading activist investors more seriously. Top tier activists are increasingly commanding board attention, while it is more difficult for second tier activists to push their proposals.
Activists are showing no sign of letting up too. The number of 13Ds filed by the top 20 activists in companies over USD 100m, has shown a steadily increasing trend over the last five years.
Take a look at some stats:
- Nearly 45% of US campaigns targeting companies with market capitalizations above USD 100m were carried out by the top 20 busiest activists since 2011, data shows.
- Larger cap companies have a higher likelihood of attracting one of the top 20. For companies with market caps above USD 300m, the top 20 activists launched 52% of all campaigns since 2011. This compares to just 17% of all campaigns targeting companies with market caps below USD 300m.
- Some 27% of the total campaigns were carried out by activists who have appeared in just one campaign. This is significantly higher for smaller companies below the USD 300m mark, with 47% of these campaigns launched by ‘once-only’ funds.