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These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from March 24 through March 30, 2022. Source: Verity (verityplatform.com).
Activist Holdings
Bed Bath & Beyond
(BBBY)
RC Ventures reported a stake in the home-furnishings retailer of 9,450,100 shares, equal to 9.8% of the outstanding stock. Bed Bath & Beyond appointed three RC Ventures representatives to its board through a cooperation agreement dated March 24. The three will be included on Bed Bath & Beyond’s slate of directors who will be up for election at this year’s annual shareholders meeting. Two of the three, Marjorie Bowen and Ben Rosenzweig, will join a four-member strategy committee established to seek alternative strategies for buybuyBABY, Bed Bath & Beyond’s infant- and baby-products retail brand. RC Ventures is the investment vehicle of
Chewy
(CHWY) co-founder Ryan Cohen. He is currently the chairman of videogame retailer
GameStop
(GME)
Increases in Holdings
Harmonic (HLIT)
Scopia Capital raised its position in the telecommunications company by more than 20%, to 9,998,085 shares. Scopia purchased 1,645,698 Harmonic shares from Feb. 1 through Feb. 18 at prices ranging from $8.95 to $9.59 apiece. Following the fresh investment, Scopia owns 9.6% of Harmonic’s tradable stock. Scopia also revealed that, on March 24, it amended a cooperation agreement with Harmonic. The move allows Scopia to nominate a director until no later than 15 days before the nomination deadline for Harmonic’s 2023 annual shareholder meeting. Before, Scopia had until a similar deadline at this year’s annual meeting.
GMS
(GMS)
Coliseum Capital Partners increased its holding in the building-products distributor to 5,527,572 shares. Coliseum Capital Partners bought 235,569 GMS shares at $51.97 to $55 apiece from March 18 through March 22. Coliseum Capital Partners now holds a 12.8% stake in GMS.
Decreases in Holdings
Fiserv
(FISV)
KKR
(KKR) trimmed its position in the financial-technology company to 42,787,369 shares. From Jan. 24 through March 22, KKR affiliate New Omaha Holdings sold 2,947,474 Fiserv shares through a 10b5-1 trading plan at per share prices ranging from $100 through $108.83. KKR now owns a 6.6% interest in Fiserv.
California Resources
(CRC)
Goldentree Asset Management reduced its interest in the independent oil-and-gas explorer to 8,293,023 shares. That figure accounts for 188,937 shares underlying warrants. Goldentree sold 679,758 California Resources shares at prices ranging from $43.65 to $49.78 each from March 7 through March 28. Goldentree now holds 10.5% of California Resources’ outstanding stock.
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