Value Investor
Start free

What changed overnight

Filed with the SEC yesterday and scored overnight. 53 things worth a look this morning.

6 October 2026Previous day

Activists pushing for change

2

An activist is a big investor who pushes the company to change: new directors, a sale, or bigger payouts. That can lift the price.

  • Empire State Realty TrustESRT

    Erez Asset Management LLC, an activist investor, now owns at least 5.8% of Empire State Realty Trust and may push for change.

    Filed with the SEC on 5 October 2026.

  • PhunwarePHUN

    Goldenwise Capital Group Ltd, an activist investor, raised its stake in Phunware to 8.0%, from 7.0%, and wants board seats.

    Filed with the SEC on 5 October 2026.

Company news that matters

39

Companies must tell the SEC about big changes within four days. We skip the routine ones.

Showing the top 20 of 39.

New on the list

2

These passed both our tests overnight: a good business at a fair price.

Prices from Monday’s close (5 October).

  • MYR GroupMYRG

    MYR Group is back on the list after 12 days: strong business, 4.1% cash yield.

    Number 707 on the list.

  • Essential UtilitiesWTRG

    Essential Utilities is back on the list after 2 days: good business.

    Number 729 on the list.

Big holders moving

6

Someone now owns over 5% of these companies, or changed a big position.

  • Arbutus BiopharmaABUS

    Roivant Sciences Ltd. cut its stake in Arbutus Biopharma to 19.5%, from 20.5%.

    Filed with the SEC on 5 October 2026.

  • Cannae HoldingsCNNE

    CARRONADE CAPITAL MANAGEMENT, LP raised its stake in Cannae Holdings to at least 8.8%, from 7.8%.

    Filed with the SEC on 5 October 2026.

  • DiginexDGNX

    Rhino Ventures Limited cut its stake in Diginex to at least 39.2%, from 40.5%.

    Filed with the SEC on 5 October 2026.

  • Navigator HoldingsNVGS

    BW Group Ltd cut its stake in Navigator Holdings to 6.6%, from 7.7%.

    Filed with the SEC on 5 October 2026.

  • RXORXO

    MFN Partners, LP now owns at least 19.3% of RXO, enough to have a say.

    Filed with the SEC on 5 October 2026.

  • Target HospitalityTH

    Manjit Dale cut its stake in Target Hospitality to at least 16.6%, from 27.8%.

    Filed with the SEC on 5 October 2026.

Good companies near a 1-year low

4

Strong businesses trading close to their lowest price in a year. Cheap, or cheap for a reason?

Prices from Monday’s close (5 October).

  • Group 1 AutomotiveGPI

    Group 1 Automotive is 3% above its lowest price in a year, and still scores strong on quality.

    Price $241.44. Lowest in a year: $234.05.

  • RPM InternationalRPM

    RPM International is 3% above its lowest price in a year, and still scores strong on quality.

    Price $95.30. Lowest in a year: $92.92.

  • Stewart Information ServicesSTC

    Stewart Information Services is 4% above its lowest price in a year, and still scores strong on quality.

    Price $50.83. Lowest in a year: $48.74.

  • Verisk AnalyticsVRSK

    Verisk Analytics is 5% above its lowest price in a year, and still scores strong on quality.

    Price $163.28. Lowest in a year: $155.94.