What happened According to a Securities and Exchange Commission (SEC) filing dated Feb. 17, 2026, Ananym Capital Management, LP, liquidated its entire holding of 795,411 shares in Six Flags Entertainment (NYSE:FUN). The estimated transaction value for the sale was $18.07 million based on the quarterly average share price. The quarter-end value of the stake was reduced by $18.07 million, capturing both the sale and any price drift during the period. What else to know Ananym Capital fully sold out of Six ...

Company Overview - Six Flags Entertainment Corporation is a leading operator of amusement and water parks, with a portfolio spanning 17 states and multiple countries in North America, leveraging well-known intellectual property to differentiate its attractions and drive guest engagement [4][9] - The company employs approximately 5,000 people and is headquartered in Charlotte, North Carolina [9] Recent Developments - Significant executive changes were announced, with executive chairman Selim Bassoul and lead independent director Daniel J. Hanrahan stepping down at year-end [6] - John Reilly, a seasoned executive in the recreation and amusement industry, was named the new CEO on November 24, 2025 [10] Financial Performance - As of September 30, 2025, Six Flags had a market capitalization of $1.48 billion and revenue of $3.14 billion, with a net income of -$1.75 billion [3] - The stock price was reported at $14.60 as of November 14, 2025, reflecting a 69% decline year-to-date [3][10] Investment Activity - Rush Island Management reduced its position in Six Flags by 3,306,963 shares during the third quarter, bringing its stake down to 487,121 shares valued at $11.07 million [2] - Following the sale, Six Flags represented only 0.76% of Rush Island's reportable assets under management (AUM), a significant decrease from the previous quarter's 7.5% [3]