This is just a quick outtake from a fund page in the Major Activist Newsletter. Feel free to email us for a list of all the funds included in any of the newsletters.
Blue Harbour Group ~ Founded 2004 | Fund market value $3.3bn
Clifton Robbins takes a constructive activist approach, only investing in companies where management is receptive to his ideas. He got his MBA from Stanford in ’84 and has an M&A and private equity background.
New 13D Positions
No new 13Ds and Blue Harbour kept its top four holdings constant. His 13Ds of interest right now are Investors Bancorp (see below), Chico's (which could be a buyout target with recent industry action). Cliff's top activist position, Rackspace, looks to be dead money at this point - a shrinking market for a cloud company facing more and more competition.
- Cliff has been making a lot of comments in the media about Investors Bancorp over the last few months. His fund upped its stake by 17% last quarter.
- Xilinx is a new position but still relatively small for the fund and its upped its AGCO stake by some 130%
- Blue Harbour continues to blow out of its CACI stake, selling off 49% of its stake last quarter.
- It also sold off about 22% of its Progressive Waste shares.