Elliott Investment Management, the activist investor that has tried to shake up Southwest Airlines has disclosed a 7% beneficial ownership. In this piece, we will take a look at the top 10 stock picks of Elliott Management. It was arguably one of the best years for hedge funds, with many outperforming the market. Elliott Investment Management has built a sizable stake in Starbucks SBUX 0.61% increase; green up pointing triangle, and the activist has been discussing ways to improve the company's performance.
NEW YORK, Aug 5 (Reuters) - Elliott Investment Management on Monday said in a regulatory filing that it has a 7% beneficial ownership in Southwest Airlines. Activist investor Elliott Investment Management has reportedly built a sizable position in Starbucks — sending the coffee chain's stock price soaring. Southwest Airlines has adopted a 'poison pill' following activist investor Elliott Investment Management taking a significant stake in the company. The airline has laid out a plan for sweeping changes to its business model in response to Elliott's involvement.
Elliott Investment Management has been discussing ways of improving the performance of Starbucks, in which they hold a significant position. The activist investor on Monday warned of a potential proxy fight to push for leadership changes at budget carrier Southwest Airlines. The investment group with a $1.9 billion stake in Southwest Airlines has been pushing for changes to the company's strategy.