Seth Klarman is not known for high-profile activist campaigns confronting underperforming management. The manager of Baupost Group has built his formidable track record finding undervalued stocks and quietly building positions as a long-term investor. That’s why Baupost’s recent 13D filing targeting Viasat, Inc. (Nasdaq:VSAT) is interesting.Read More
3 Newell Brands’ insiders – including Carl Icahn’s portfolio manager — bought $1.79 million of NWL stock as it plunged
Newell Brands (NWL) stock tumbled 22% over three days, but a long-time lieutenant of activist investor Carl Icahn was buying, picking up $1 million worth on August 8 at $20.50. In total, 3 directors of NWL bought $1.7 million of stock into the downdraft. The purchases were disclosed in Form 4 filings submitted today.Read More
This strategy returned 26.3% a year since 2009 finding hidden opportunities in Activists’ 13F filings.
By Mark W. Gaffney For WhaleWisdom.com As of May 1, 2018, over 5,200 stock positions were held by the 55 funds classified as activist investors. That’s according to data from WhaleWisdom.com. Most of these stocks will be unremarkable performers, generating…Read More