This Activist Fund Is Winning With Education And Financial Services [Exclusive]

Michelle deBoer-Jones

Published onNovember 5, 2021

Engine Capital was up 1.98% net for the third quarter, bringing its year-to-date return to 24.85%. The Russell 2000 returned -4.36% for the third quarter and 12.44% year to date.

Table of Contents

Q3 2021 hedge fund letters, conferences and more

Changes To The Portfolio

In their third-quarter letter to investors, which was reviewed by ValueWalk, Arnaud Ajdler of Engine Capital said he made several changes to the portfolio during the quarter. He initiated two new positions, exited one position, and reduced the fund's stakes in two other positions.

The two new positions were PROG Holdings and Willis Towers Watson, and...

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Michelle deBoer-Jones

Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.

This Activist Fund Is Winning With Education And Financial Services [Exclusive]

Changes To The Portfolio

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