by badpauly
I’ve posted this hedge fund report a few times in the past but it has never received much love. In contrast, the weekly insider report I post seems to get pretty good attention.
What a lot of people probably don’t realize is that hedge fund activity is probably more predictive of future returns than insider activity. The reason is that hedge funds (a) have large research budgets, and (b) have a choice where to put their money. In contract, insiders have no choice where to put their money, but only when to time their transactions.
I’ll post this report once again to see if anybody finds it interesting.
These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns.
| Date | Company | Investor | Shares | Ownership |
|---|---|---|---|---|
| 06‑08 | WEB / Web.com Group, Inc. | Starboard Value LP | 4,630,579 | 9.4% |
| 06‑08 | AIZ / Assurant, Inc. | TPG Group Holdings (SBS) Advisors, Inc. | 10,069,230 | 15.96% |
| 06‑08 | ITRM / Iterum Therapeutics plc | Frazier Healthcare VII, L.P. | 1,538,316 | 11.0% |
| 06‑08 | CRESY / Cresud SA Comercial Industrial Financiera Y Agropecuria Cres | ELSZTAIN EDUARDO S | 174,267,696 | 34.74% |
| 06‑07 | CVSI / CV Sciences, Inc. | Mona Michael III | 5,423,000 | 5.76% |
| 06‑07 | WOW / WideOpenWest, Inc. | Crestview Partners Iii Gp, L.p. | 26,682,687 | 31.3% |
| 06‑06 | NPHC / Nutra Pharma Corp. | Lake Shore Advisors Llc | 187,500,000 | 8.04% |
| 06‑06 | PRSP / Perspecta Inc. | Musallam Ramzi M | 23,273,341 | 14.0% |
| 06‑06 | ANW / Aegean Marine Petroleum Network, Inc. | SHAH CAPITAL MANAGEMENT | 5,584,201 | 14.24% |
| 06‑05 | ETRM / EnteroMedics Inc | HealthCor Partners Management LP | 349,139 | % |
| 06‑05 | DHCP / Ditech Holding Corporation | Phoenix Investment Adviser LLC | 2,959,166 | 42.0% |
| 06‑04 | PAYM / PayMeOn, Inc. | Loricco Ronald Joseph Sr. | 18,750,000 | 14.4% |
Source: Fintel.io/activists