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…
Sodali's latest report on activist funds reveals Spain has dropped one position in the rankings, now holding the eighth spot. The country's total investments in these funds fell to $3.555 billion. In contrast, the US remained the leading market for activist funds, with a massive $242.936 billion invested.
During the second quarter, activist investors made 798 new positions and closed or exited 1,026. The largest individual new positions were secured by Elliott and Starboard Value. Elliott took a 6.2% stake in Nippon Express Holdings, urging the company to reassess its M&A strategy, boost profitability, and streamline its balance sheet. Starboard Value entered a 3.1% O/S position in Dynatrace, citing undervaluation due to slowing revenue growth and skepticism about a turnaround.
Written by urgent.news from The Corner's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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