Investment & Stakeholder Engagement - Activist investor Elliott is nearing a settlement agreement with PepsiCo after acquiring a significant stake in the company in September [1]

Core Insights - Longleaf Partners Small-Cap Fund reported a return of 2.03% in Q3 2025, underperforming compared to the Russell 3000's 8.18% and the Russell 2000's 12.39% [1] Company Performance - Tripadvisor, Inc. (NASDAQ:TRIP) achieved a one-month return of 3.11% and a 52-week gain of 7.92%, closing at $15.27 per share with a market capitalization of $1.785 billion on December 01, 2025 [2] - The company reported a revenue growth of 4% in Q3 2025, totaling $553 million, with an adjusted EBITDA of $123 million, representing 22% of the revenue [4] Investment Highlights - Tripadvisor's performance was bolstered by growth in its Viator and TheFork businesses, alongside accretive share repurchases [3] - The stock price was positively influenced by activist investor Starboard filing a 13D, indicating potential paths for value realization [3] - Despite the positive outlook for Tripadvisor, the potential of certain AI stocks is noted to offer greater upside with less downside risk [4]

Boaz Weinstein blocks a plan by Baillie Gifford to combine two of its listed funds, underlining the pressure the activist investor is exerting https://t.co/EI6ZUe9Dv9 ...

Corporate Strategy - Atkore Inc is considering strategic options, including a potential sale, following activist investor pressure [1]

Core Insights - The discussion emphasizes that activism in investing is not limited to billionaires, and retail investors can also have a significant impact on companies [1][2][10] Group 1: Activist Investing Steps - The first step for retail investors is to identify companies that align with their values [2] - Engaging with like-minded individuals is crucial for influencing a company's direction [2][5] - Achieving a certain level of ownership allows investors to vote for board members, thereby influencing company governance [3][6] Group 2: Role of Younger Investors - Younger investors typically start their activist journey early by connecting with others who share their values [4][7] - As they progress, they become more involved in discussions about company direction and financials [7][8] Group 3: Collective Action and Retail Investor Power - The meme stock phenomenon illustrates the power of collective action among retail investors [8][10] - Retail investors now own more shares than institutional investors in many NASDAQ and NYSE firms, indicating a shift in power dynamics [9][10] Group 4: Impact of AI on Investing - AI is transforming the landscape for retail investors, enabling them to conduct analyses previously reserved for institutional investors [12][19] - Retail investors can leverage AI for financial planning and investment management without needing extensive technical skills [14][20] - AI tools can assist in tracking the activities of established activist investors, providing insights for retail activists [16][17] Group 5: Future of Activism and Technology - The convergence of technology and investing is expected to significantly change wealth management and investment strategies [18][19] - Next-generation investors are encouraged to educate themselves on AI to enhance their investment capabilities [20]

in tradfi, you buy mispriced assets, hold, and waitin crypto, you buy mispriced assets, hold, *add value to the network*, and waitcrypto lets anyone become an activist investorunlike tradfi, you can change the course of the project by shipping code, writing content, and helping with events etc to increase the probability of success for your investmentyou can't do this for apple or microsoft, but you can do it for a people owned networkyou can both create and capture valuevery underrated ...

Investment & Shareholding - Starboard Value has acquired a nearly 5% stake in Fluor [1] Company Strategy & Performance - Starboard Value plans to advocate for strategies to increase Fluor's share value [1]

Core Thesis - Rapid7, Inc. is undergoing a strategic pivot towards an integrated Command Platform, enhancing its cybersecurity offerings and addressing customer demand for streamlined security solutions [2][5] - The company has shown significant financial growth, with revenue increasing from $411.5 million in 2020 to $844 million in 2024, reflecting a 20% compound annual growth rate (CAGR) [2] Financial Performance - Rapid7's trailing and forward price-to-earnings (P/E) ratios are 47.30 and 9.95 respectively, indicating a potential undervaluation [1] - Current guidance projects revenue of $858 million, EBITDA of $163 million, and free cash flow between $125 million and $135 million, resulting in an attractive ~10% free cash flow yield and ~9.8x EV/EBITDA valuation [3] Strategic Developments - The company has $600 million in cash and investments, generating interest income that exceeds debt costs, despite facing historical share dilution and ~$900 million in convertibles due in 2027 and 2029 [3] - Activist investor JANA Partners controls over 14% of shares and is advocating for governance changes and operational improvements, positioning Rapid7 as a credible acquisition candidate [3][4] Acquisition Speculation - There has been ongoing speculation regarding potential acquisitions, with interest from firms such as TPG, Alphabet, and Thoma Bravo, alongside insider incentives for pursuing a transaction [4] - Elevated professional fees suggest active corporate advisory efforts, indicating that Rapid7 is preparing for potential strategic alternatives, including a sale [4]

Core Viewpoint - Target's recent underperformance has attracted the attention of an activist investor, who is advocating for the exclusion of outgoing CEO Brian Cornell from the position of board chair [2]. Group 1 - Target's performance has been described as lackluster, prompting scrutiny from investors [2].

Corporate Governance - Cracker Barrel faces renewed pressure from an activist investor seeking board shakeup [1] - The push follows a rebranding "fiasco" at the country-themed restaurant chain [1]