Connecting the market of activist investors.

Activist campaign demanding Solventum restore performance to historical levels after an alarming post-spin decline. Trian argues that despite being 3M's best-performing division with consistent 3-4% organic growth at 26% EBIT margins, Solventum now delivers near-zero growth at 20% margins—making it one of the worst-performing spins in a decade. The campaign calls for an ambitious Long Range Plan that reverses declines through increased growth investments funded by overhead savings, portfolio simplification of non-core businesses (Dental, Health Info Systems, Purification & Filtration), and disciplined capital allocation including deleveraging and eventual shareholder returns.

Elliott acquired a $1.9 billion stake (~10%) in Southwest Airlines, pushing for leadership changes and operational improvements. Successfully secured Chairman Gary Kelly's resignation effective 2025 and obtained 5 board seats in settlement agreement.

Elliott acquired a $2.5 billion position in Texas Instruments, engaging constructively to achieve $9 free cash flow per share target by 2026 through operational improvements and capital allocation optimization.

Elliott acquired a £3.8 billion stake (5%) in BP, pushing for increased oil and gas production over renewables focus to maximize shareholder returns during the energy transition.

Ananym Capital Management launched an activist campaign against Henry Schein in November 2024, calling for board refreshment, leadership succession planning, cost reduction measures, and consideration of strategic alternatives including the potential sale of the medical distribution business. The campaign centers on concerns about CEO Stanley Bergman's succession planning (age 75, 40+ year tenure), excessive costs, and undervaluation of the stock.