What is an Activist Investor?

Every investor that acquires 5% of a company is required to file a beneficial ownership filing, which is either a Form 13D or Form 13G, within ten (10) days of the event. If the investor intends to influence management, then they are considered an activist investor and must file a 13D. Carl Icahn is a well-known activist investor. If they do not intend to influence management, then they are considered a passive investor and must file a 13G. Vanguard, because of it's size, owns more than 5% of many companies. Since it is a passively managed fund, it files Forms 13G. If there is any change in the ownership, investors must make amendments to their original filings, with either forms 13D/A, or 13G/A. If a passive investor that has filed a 13G decides they want to influence management, they must file a new 13D that supercedes their original 13G.

There is evidence that suggests investing alongside activist investors is a stock market investing strategy that can produce excess returns. This free screener shows all of the required Schedule 13D filings made by activist investors.

Investor Groups

Additionally, filers of 13Ds often organize investor groups in order to have more leverage when influencing management. Fintel only identifies the lead investor of an investor group. To see the other members of the group, read the original filing by clicking on the form type in the Form column. You cannot directly compare shares reported in a 13D/G with shares reported by the investor in a 13F, since the 13D/G filings may include other investors.

Change in holdings is calculated as (current - previous) / previous. Click the link icon to see the full transaction history.

DateFormTargetLead Investor Market
Cap ($M)
Previous
Shares
SharesShares Change
(Percent)
Ownership
(Percent)
Ownership Change
(Percent)
2018‑05‑22 SC 13G SMSI / Smith Micro Software Iroquois Capital Management, LLC 37 1,306,672 9.91
2018‑05‑22 SC 13D/A PNTR / Pointer Telocation DBSI INVESTMENTS LTD 18.5 -32.48
2018‑05‑22 SC 13G TGEN / Tecogen Comeau Joseph 95 2,250,000 9.07
2018‑05‑22 SC 13D/A MDQZZ / MedEquities Realty Trust BlueMountain Capital Management, LLC 2,583,686 2,257,934 -12.61 7.1 -12.35
2018‑05‑22 SC 13D/A DXLG / Destination XL Group CANNELL CAPITAL LLC 76 3,680,192 4,300,209 16.85 8.82 16.82
2018‑05‑22 SC 13D/A CZR / Caesars Entertainment Hamlet Holdings LLC 8,953 99,697,012 74,772,757 -25.00 10.7 -24.65
2018‑05‑21 SC 13D CADC / China Advanced Construction Materials Group He Weili 11 3.47
2018‑05‑21 SC 13D/A CLSH / CLS Holdings USA BINDER JEFFREY I 6 8,335,741 8,593,527 3.09 17.7 -13.66
2018‑05‑21 SC 13D CADC / China Advanced Construction Materials Group Han Xianfu 11 3.5
2018‑05‑21 SC 13D/A BDSI / BioDelivery Sciences International Broadfin Capital, LLC 134 4,278,819 4,278,819 0.00 7.2 -1.37
2018‑05‑21 SC 13D/A DSKX / DS Healthcare Group Tamez Gutierrez Fernando 4
2018‑05‑21 SC 13D/A CZR / Caesars Entertainment TPG Group Holdings (SBS) Advisors, Inc. 8,953 54,204,935 29,280,680 -45.98 4.2 -45.45
2018‑05‑21 SC 13D/A LAYN / Layne Christensen Co. Cetus Capital II, LLC 318 1,625,580 1,197,085 -26.36 5.74 -26.41
2018‑05‑21 SC 13D TALO / TALOS ENERGY Apollo Management Holdings GP, LLC 19,191,451 35.4
2018‑05‑21 SC 13G USNA / USANA Health Sciences Wentz Myron W 2,844 11,025,753 45.8
2018‑05‑21 SC 13G MDLY / Medley Management Jam Partners, L.p. 27 434,866 7.8
2018‑05‑21 SC 13D/A AOD / Alpine Total Dynamic Dividend Fund Saba Capital Management, L.P. 9,655,235 8,528,352 -11.67 7.93 -11.89
2018‑05‑21 SC 13D/A ESND / Essendant Kaluzny Stefan L 517 3,730,557 4,203,631 12.68 11.16 12.73
2018‑05‑21 SC 13D/A IOTS / Adesto Technologies HARRIS & HARRIS GROUP INC /NY/ 185 1,242,938 760,322 -38.83
2018‑05‑21 SC 13G MEIP / MEI Pharma Vivo Opportunity, Llc 129 9.99
2018‑05‑21 SC 13D/A ADMA / ADMA Biologics Biotest Pharmaceuticals Corp 247 10,109,534 27.53
2018‑05‑21 SC 13D/A REG / Regency Centers Gazit-Globe Ltd 9,436 13,967,392 11,817,279 -15.39 7.0 -14.63
2018‑05‑21 SC 13D PERY / Ellis Perry International FELDENKREIS OSCAR 429 1,175,787 1,223,329 4.04 7.7 2.67
2018‑05‑21 SC 13D EVLO / Evelo Biosciences Flagship Ventures Fund V, L.p. 18,233,403 57.2
2018‑05‑21 SC 13G MDB / MongoDB INTEGRATED CORE STRATEGIES (US) LLC 578 588,927 4.4
2018‑05‑21 SC 13G/A ATKR / Atkore International Group CD&R Allied Holdings, L.P. 1,328 132,348,381 0 -100.00 0.0 -100.00
2018‑05‑21 SC 13D TALO / TALOS ENERGY Riverstone Talos Energy Equityco Llc 14,926,683 27.6
2018‑05‑21 SC 13D DTEA / DAVIDsTEA TDM Asset Management Pty Ltd 85 3,162,520 3,162,520 0.00 12.2 0.00
2018‑05‑21 SC 13G LFGR / Leaf Group Park West Asset Management LLC 243 1,565,852 6.3
2018‑05‑21 SC 13G/A PRPL / Purple Innovation Greenhaven Road Investment Management, L.p. 104 1,352,641 12.6
2018‑05‑21 SC 13G DQ / Daqo New Energy MORGAN STANLEY 16,402,550 5.1
2018‑05‑21 SC 13G/A FCEL / FuelCell Energy LEVIN CAPITAL STRATEGIES, L.P. 154 4,194,080 4,032,601 -3.85 4.9 -3.92
2018‑05‑21 SC 13D/A FINL / Finish Line Sports Direct International plc 546 7,957,800 6,308,100 -20.73 15.6 -19.17
2018‑05‑21 SC 13G YELP / Yelp D. E. SHAW & CO, L.P. 3,877 4,251,886 5.1
2018‑05‑21 SC 13D/A ZAIS / ZAIS Group Holdings Zugel Christian 60 7,631,250 7,631,250 0.00 49.6 0.00
2018‑05‑21 SC 13G CELH / Celsius Holdings Newland Inc. Ltd 200 3,972,659 7.8
2018‑05‑21 SC 13G AQ / Aquantia Ion Asset Management Ltd. 388 3,462,508 10.28
2018‑05‑21 SC 13D/A BOMN / Boston Omaha Boulderado Partners, LLC 27 3,431,020 4,999,904 45.73 23.0 18.56
2018‑05‑21 SC 13G ALLM / Alliance Bioenergy Plus Jemapete Christopher J 15 14,500,000 11.1
2018‑05‑21 SC 13G AG / First Majestic Silver Wheaton Precious Metals Corp. 20,914,590 10.8
2018‑05‑21 SC 13G/A GRMN / Garmin BURRELL JONATHAN 11,837 26,042,120 26,042,120 0.00 13.8 0.00
2018‑05‑21 SC 13G FBSS / Fauquier Bankshares Ategra Capital Management, Llc 80 263,753 7.0
2018‑05‑21 SC 13G WDDD / Worlds Worlds Inc 1 2,700,000 5.47
2018‑05‑21 SC 13D/A FMY / First Trust Mortgage Income Fund SIT INVESTMENT ASSOCIATES INC 1,744,733 1,797,462 3.02 42.66 3.02
2018‑05‑21 SC 13G EVLO / Evelo Biosciences Harbourvest Partners L.p. 1,763,505 5.5
2018‑05‑21 SC 13D WHLRD / Wheeler Real Estate Investment Trust, Inc., 8.75% Series D Cumulative Convertible Preferred Stock JCP Investment Management, LLC 160 258,548 7.2
2018‑05‑21 SC 13G SSKN / Strata Skin Sciences MENORA MIVTACHIM HOLDINGS LTD. 11 555,000 7.86
2018‑05‑21 SC 13G ECC / Eagle Point Credit Oa Eagle Group Investors, Llc 1,429,041 1,429,041 0.00 6.7 0.00
2018‑05‑21 SC 13G CNNE / Cannae Holdings Abdiel Qualified Master Fund LP 1,424 5.02
2018‑05‑21 SC 13D SODI / Solitron Devices Olesen Value Fund L.P. 8 136,539 157,807 15.58 8.3 36.07