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Acacia Communications, Inc. (ACIA) and Switch Inc (SWCH) Activist Update

Matrix Partners Viii L P has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 96,830,078 shares of Acacia Communications, Inc. (NASDAQ:ACIA). This represents 24.3 percent ownership of the company. Previously, Matrix Partners Viii L P had reported owning 106,521,168 shares, indicating a decrease of -9.10 percent.

Albrent Laurie has filed an SC 13G form with the Securities and Exchange Commission (SEC) disclosing ownership of 2,838,963 shares of Switch Inc (NYSE:SWCH). This represents 7.321 percent ownership of the company.

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.

Full House Resorts, Inc. (FLL) – Gamco Investors, Inc. Et Al has filed a new SC 13D, reporting a 3.89% ownership stake in Full House Resorts.

ONE Group Hospitality, Inc. (STKS) – Twinleaf Management, LLC has filed a new SC 13D, reporting a 5.03% ownership stake in ONE Group Hospitality.

Amended Activist Investor Filings

AgroFresh Solutions, Inc. (AGFS) – Boulevard Acquisition Sponsor, Llc has filed an amended Schedule 13D/A, reporting an updated ownership stake in AgroFresh Solutions.

Clearside Biomedical, Inc. (CLSD) – Hatteras Venture Advisors III, LLC has filed an amended Schedule 13D/A, reporting a 11.40% ownership stake in Clearside Biomedical. This is a decrease of 27.85% from their previous filing.

Art’s-Way Manufacturing Co., Inc. (ARTW) – Mcconnell J Ward Jr has filed an amended Schedule 13D/A, reporting a 41.30% ownership stake in Art’s-Way Manufacturing Co..

iKang Healthcare Group, Inc. (KANG) – Zhang Ligang has filed an amended Schedule 13D/A, reporting a 13.90% ownership stake in iKang Healthcare Group. This is an increase of 9.45% from their previous filing.

Finish Line, Inc. (THE) (FINL) – Sports Direct International plc has filed an amended Schedule 13D/A, reporting a 31.10% ownership stake in Finish Line. This is a decrease of 2.20% from their previous filing.

CareDx, Inc. (CDNA) – Merckle International GmbH has filed an amended Schedule 13D/A, reporting a 4.11% ownership stake in CareDx. This is a decrease of 19.41% from their previous filing.

Snyders-Lance, Inc. (LNCE) – Good Charles E has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Snyders-Lance. This is a decrease of 100.00% from their previous filing.

Snyders-Lance, Inc. (LNCE) – Warehime Patricia A has filed an amended Schedule 13D/A, reporting a 0.00% ownership stake in Snyders-Lance. This is a decrease of 100.00% from their previous filing.

Brookfield Property Partners L.P. (BPY) – Brookfield Asset Management Inc. has filed an amended Schedule 13D/A, reporting a 70.80% ownership stake in Brookfield Property Partners. This is an increase of 1.72% from their previous filing.

General Growth Properties, Inc. (GGP) – Brookfield Asset Management Inc. has filed an amended Schedule 13D/A, reporting a 34.20% ownership stake in General Growth Properties. This is a decrease of 1.16% 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.

Solar Senior Capital Ltd. (SUNS) – Jordan John W Ii has filed a new SC 13G, reporting a 6.12% ownership stake in Solar Senior Capital.

Ovascience Inc. (OVAS) – BML Investment Partners, L.P. has filed a new SC 13G, reporting a 6.40% ownership stake in Ovascience.

Switch Inc (SWCH) – Albrent Laurie has filed a new SC 13G, reporting a 7.32% ownership stake in Switch.

RiceBran Technologies (RIBT) – First Eagle Investment Management, LLC has filed a new SC 13G, reporting a 5.35% ownership stake in RiceBran Technologies.

Amended Passive Investor Filings

Agile Therapeutics, Inc. (AGRX) – Perceptive Advisors Llc has filed an amended Schedule 13D/A, reporting a 10.30% ownership stake in Agile Therapeutics. This is an increase of 4.04% from their previous filing.

Acacia Communications, Inc. (ACIA) – Matrix Partners Viii L P has filed an amended Schedule 13D/A, reporting a 24.30% ownership stake in Acacia Communications. This is a decrease of 14.74% from their previous filing.

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