Legion Partners Asset Management, LLC
Legion Partners Asset Management, LLC is a hedge fund headquartered in Los Angeles, California. Incorporated in Delaware, the firm manages multiple investment vehicles focused primarily on publicly traded U.S. equities. As of its latest filings, Legion Partners oversees several hedge funds with assets under management totaling hundreds of millions of dollars. The firm is known for its activist approach and typically serves institutional investors. Legion Partners was founded in the early 2010s and employs a small team of professionals committed to shareholder engagement and value creation.
Investment Strategy
Legion Partners Asset Management employs an activist investment strategy, focusing on U.S. small- and mid-cap equities. The firm seeks undervalued or underperforming companies with potential for operational improvement and value realization. Legion Partners often engages with management teams and boards to advocate for strategic changes, aiming to unlock shareholder value through constructive activism, capital structure optimization, and targeted governance initiatives. The fund builds concentrated portfolios and promotes long-term engagement with its holdings.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A AAP | ADVANCE AUTO PARTS INC | 22.38% | $37.2M | 800,750 | $60.03 | $46.49 | +$5.8M |
L LFCR | LIFECORE BIOMEDICAL INC | 21.63% | $36.0M | 4,431,823 | $8.82 | $8.12 | +$4.8M |
D DBRG | DIGITALBRIDGE GROUP INC | 21.48% | $35.7M | 3,453,253 | $12.69 | $10.35 | +$5.3M |
C CCO | CLEAR CHANNEL OUTDOOR HLDGS | 18.34% | $30.5M | 26,080,554 | $1.70 | $1.17 | +$1.6M |
F FIVN | FIVE9 INC | 9.42% | $15.7M | 591,685 | $29.57 | $26.48 | -$396.4K |