Stocks

Micron Technology, Inc. (MU) and Marrone Bio Innovations, Inc. (MBII) Activist Update

Primecap Management Co/ca/ has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 58,390,611 shares of Micron Technology, Inc. (NASDAQ:MU). This represents 5.06 percent ownership of the company. Previously, Primecap Management Co/ca/ had reported owning 62,122,100 shares, indicating a decrease of -6.01 percent. Micron Technology, Inc. has declared a standard industrial code (sic) of 3674 which is the “Semiconductors and Related Devices” industry.

Primecap Management Co/ca/ has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,625,600 shares of Marrone Bio Innovations, Inc. (NASDAQ:MBII). This represents 8.37 percent ownership of the company. Previously, Primecap Management Co/ca/ had reported owning 2,702,870 shares, indicating a decrease of -2.86 percent. Marrone Bio Innovations, Inc. has declared a standard industrial code (sic) of 287 which is the “Agricultural Chemicals” industry.

When a person or group of persons acquires beneficial ownership of more than 5% of a company’s equity securities, they are required to file a Schedule 13D or 13G with the SEC. If these groups intend to influence management into changing the business strategy, they are considered “activist” investors. There is considerable academic research that suggest activist investors contribute to excess returns in equities in the subsequent twelve months after the event.

Investors that acquire 10% or more of a company’s shares, or that gain a board seat, are considered insiders by the SEC and are subject to stricter insider trading filing requirements.

New Activist Investor Filings

Investors that acquire more than 5% of the shares of a company and intend to influence management are considered activist investors and must file a 13D.

Global Partner Acquisition Corp. (GPAC) – Innohold, Llc has filed a new SC 13D, reporting a 82.00% ownership stake in Global Partner Acquisition.

Amended Activist Investor Filings

Xerium Technologies, Inc. (XRM) – AS Investors, LLC has filed an amended Schedule 13D/A, reporting a 4.60% ownership stake in Xerium Technologies. This is a decrease of 25.81% from their previous filing.

DDR Corp. (DDR) – Otto Alexander has filed an amended Schedule 13D/A, reporting a 13.50% ownership stake in DDR. This is an increase of 9.76% from their previous filing.

Ra Pharmaceuticals, Inc. (RARX) – New Enterprise Associates 13 Lp has filed an amended Schedule 13D/A, reporting a 17.70% ownership stake in Ra Pharmaceuticals. This is an increase of 9.26% from their previous filing.

Match Group, Inc. (MTCH) – Iac/interactivecorp has filed an amended Schedule 13D/A, reporting a 81.60% ownership stake in Match Group. This is an increase of 0.25% from their previous filing.

New Passive Investor Filings

Investors that acquire more than 5% of the shares of a company but have no intention of influencing management are considered passive investors and must file a 13G.

Hyatt Hotels Corp. (H) – Point72 Asset Management, L.P. has filed a new SC 13G, reporting a 5.00% ownership stake in Hyatt Hotels.

Amended Passive Investor Filings

World Wrestling Entertainment, Inc. (WWE) – Talpa Beheer BV has filed an amended Schedule 13D/A, reporting a 4.20% ownership stake in World Wrestling Entertainment. This is a decrease of 17.65% from their previous filing.

Transgenomic, Inc. (TBIO) – Leviston Resources Llc has filed an amended Schedule 13D/A, reporting a 4.93% ownership stake in Transgenomic. This is a decrease of 29.87% from their previous filing.

Tribune Media Company (TRCO) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 5.48% ownership stake in Tribune Media. This is a decrease of 19.77% from their previous filing.

Xencor, Inc. (XNCR) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 13.11% ownership stake in Xencor. This is an increase of 3.88% from their previous filing.

Abaxis, Inc. (ABAX) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 9.77% ownership stake in Abaxis. This is a decrease of 2.20% from their previous filing.

ABIOMED, Inc. (ABMD) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 9.23% ownership stake in ABIOMED. This is a decrease of 6.29% from their previous filing.

American Airlines Group Inc. (AAL) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 10.65% ownership stake in American Airlines Group. This is an increase of 4.11% from their previous filing.

AECOM (ACM) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 8.36% ownership stake in AECOM. This is an increase of 58.63% from their previous filing.

Arbutus Biopharma Corporation (ABUS) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 7.27% ownership stake in Arbutus Biopharma. This is an increase of 1.25% from their previous filing.

BioMarin Pharmaceutical, Inc. (BMRN) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 5.86% ownership stake in BioMarin Pharmaceutical. This is an increase of 17.43% from their previous filing.

Marrone Bio Innovations, Inc. (MBII) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 8.37% ownership stake in Marrone Bio Innovations. This is a decrease of 5.53% from their previous filing.

Mattel, Inc. (MAT) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 13.08% ownership stake in Mattel. This is an increase of 21.90% from their previous filing.

Micron Technology, Inc. (MU) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 5.06% ownership stake in Micron Technology. This is a decrease of 10.44% from their previous filing.

Nektar Therapeutics (NKTR) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 14.20% ownership stake in Nektar Therapeutics. This is an increase of 1.21% from their previous filing.

NetApp, Inc. (NTAP) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 15.03% ownership stake in NetApp. This is an increase of 0.67% from their previous filing.

NN, Inc. (NNBR) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 7.19% ownership stake in NN. This is an increase of 24.83% from their previous filing.

OncoMed Pharmaceuticals, Inc. (OMED) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 14.70% ownership stake in OncoMed Pharmaceuticals. This is an increase of 0.48% from their previous filing.

Pfenex Inc. (PFNX) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 10.01% ownership stake in Pfenex. This is a decrease of 0.99% from their previous filing.

Plantronics, Inc. (PLT) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 14.83% ownership stake in Plantronics. This is an increase of 0.27% from their previous filing.

Seattle Genetics, Inc. (SGEN) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 8.84% ownership stake in Seattle Genetics. This is a decrease of 5.45% from their previous filing.

ServiceSource International, Inc. (SREV) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 14.74% ownership stake in ServiceSource International. This is a decrease of 0.67% from their previous filing.

Shutterfly, Inc. (SFLY) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 15.41% ownership stake in Shutterfly. This is a decrease of 1.85% from their previous filing.

Southwest Airlines Co. (LUV) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 11.90% ownership stake in Southwest Airlines Co.. This is an increase of 1.10% from their previous filing.

Ellie Mae, Inc. (ELLI) – Primecap Management Co/ca/ has filed an amended Schedule 13D/A, reporting a 8.99% ownership stake in Ellie Mae. This is a decrease of 11.08% from their previous filing.

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