Engaged Capital’s AUM, Holdings and Performance

3. SunOpta, Inc. (USA) (NASDAQ:STKL)

Engaged Capital has held shares of SunOpta, Inc. (USA) (NASDAQ:STKL) since the second quarter of 2016 and at the end of June it owned 6.76 million shares valued at $68.92 million. Last September, Engaged Capital signed a confidentiality agreement with SunOpta, Inc. (USA) (NASDAQ:STKL). In October, the company appointed one director nominated by Engaged, as well as two directors from another activist, Howard Marks‘ Oaktree Capital Management. In addition, SunOpta has been targeted by several other activists, including Tourbillon Capital Partners and West Face Capital, both of which pushed for the sale of the company last year. Tourbillon Capital Partners is the largest shareholder of SunOpta, Inc. (USA) (NASDAQ:STKL) among the funds we track, holding 7.89 million shares, while Oaktree Capital Management and West Face Capital hold 4.39 million shares and 884,610 shares, respectively.