Shake-Up Alert: 40 Companies Facing Activist Pressure

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10. Bluebell Capital Partners at BlackRock, Inc. (NYSE:BLK)

Stock Return: 19.76%

S&P 500 Return: 34.86%

Investment date: 06/12/2022

Number of hedge funds holding stakes: 45

BlackRock, Inc. (NYSE:BLK) is an investment management firm providing investing services to institutional intermediaries and individual investors. The firm manages separate client-focused equity, fixed income, and balanced portfolios.

Bluebell Capital partners have been waging an activist campaign against the company, pushing for an overhaul of the board and calling for an independent chair to increase oversight. The activist investor has also taken issue with BlackRock, Inc. (NYSE:BLK) ‘s contradictory and inconsistent approaches towards ESG investing. The stock is up by 9.5% for the year.

A total of 45 hedge funds out of 920 tracked by Insider Monkey held stakes in BlackRock, Inc. (NYSE:BLK) as of the end of the first quarter.

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