Top 10 Stocks Activist Investors Are Targeting
In this article we’re going to take a look at Top 10 Stocks Activist Investors Are Targeting in the recent weeks.
Founded in November 2005, Coliseum Capital Management is a hedge fund manager based in Connecticut. Established by Adam Gray and Christopher Shackelton, the firm specializes in sponsoring and advising private investment partnerships that predominantly engage in long-term investments in both public and private companies.
As Co-Founder and Managing Partner of Coliseum Capital Management, Mr. Christopher Shackelton brings extensive experience in public company investment, turnaround, and board leadership. Currently serving as Chairman of the Board at ModivCare (previously CEO) and Lazydays, he also holds director roles at Universal Technical Institute and Gildan Activewear. Previously, he served as Chairman of Rural/Metro and Medalogix, and on the boards of LHC Group, Advanced Emissions, BioScrip, and Interstate Hotels & Resorts. Mr. Shackelton holds an undergraduate degree from Yale University and actively participates in various non-profit and charitable organizations, notably serving as Chairman of the Connecticut Open.
Mr. Adam Gray serves as Managing Partner at Coliseum Capital Management, bringing over 35 years of experience in private equity and operations. He possesses extensive expertise in leading operational and financial restructurings, and navigating complex and distressed situations with adeptness. Currently, Mr. Gray holds director positions at NFI Group and Purple Innovation, where he serves as Chair. He previously served on the boards of several public companies, including DEI Holdings, Benihana, The Pas Group (as Chair), Redflex Holdings (as Chair), and Blue Bird Corporation. Before co-founding Coliseum in 2005, Mr. Gray held the position of Executive Vice President, Strategic Projects and Capital Management, at Burger King Corporation from 2003 to 2004, representing private equity sponsors such as Texas Pacific Group, Bain Capital, and Goldman Sachs. Before this, he held various roles at Metromedia Company-affiliated firms from 1989 to 2003. Additionally, Mr. Gray worked at Kluge & Co from 1990 to 1992, and at Kluge, Subotnick, Perkowski & Co from 1989 to 1990. He began his career in the Merchant Banking Group at Morgan Stanley. Mr. Gray is a graduate of the University of Pennsylvania’s Management & Technology Program, holding both a B.S.E. in Finance from the Wharton School and a B.S. in Mechanical Engineering from the School of Engineering and Applied Science.
Coliseum Capital Management serves 6 clients with discretionary assets under management (AUM) totaling $2,533,093,385 according to their Form ADV from March 2024. Their most recent 13F filing for Q4 2023 disclosed holdings of managed 13F securities valued at $1,247,137,117, showcasing a significant top 10 holdings concentration of 97.85%. Notably, Coliseum Capital Management's largest holding consists of shares in Gildan Activewear Inc., with a substantial holding of 9,881,461 shares.
