Activists Use Tactics to Hide Their Targets

With high-profile managers paranoid that 13F filings will telegraph — and mess up — their activist plans, many are finding ways around the system.

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Jeffrey Smith, Starboard Value (Bloomberg)

So, you want to spot the next activist target?

Investors who study the 13F filings of equity holdings from asset management firms are particularly interested in looking at the disclosures of the hedge fund managers, hoping they are foreshadowing the next target.

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