Spain drops one place in activist fund preferences—down to eighth position—with $3.555 billion invested
The Corner Sodali has published its report on activist funds for the second quarter of the year, in which Spain fell from 7th to 8th position and activist investors closed or reduced more positions than they added. They increased or initiated 798 positions and trimmed or exited 1,026. The US is the top market for these funds, with total investments of $242.936 billion, followed at a considerable…
The activist fund preferences ranking for the second quarter has seen Spain drop one place to eighth, with a total investment of $3.555 billion. This falls short of the United States' top position, which reported a staggering $242.936 billion in investments, followed by Japan and France. European markets also saw significant activity, including Canada and the Netherlands.
The largest individual new positions were taken by Elliott Management with a 6.2% stake in Nippon Express Holdings and Starboard Value with a 3.1% O/S position in Dynatrace. Both companies are advocating for specific actions from the companies they have invested in, such as a reassessment of strategy, improvement in profitability, and optimization of capital efficiency.
Written by urgent.news from The Corner's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
