Recent Updates on Stock Holdings and Investments

Ancora Holdings has reported holding 4,176,058 shares of the sustainable bioingredient maker, with 120,000 of those shares underlying exercisable options. On Feb. 6, Ancora and Green Plains entered into a cooperation agreement that calls for Green Plains to initiate a formal review of its business to evaluate strategic alternatives to maximize value.

Voting in Support

As part of the agreement, Ancora will vote all its eligible Green Plains shares in support of board initiatives that come up for shareholder vote. However, Ancora may vote against Green Plains' board if its recommendations are opposed by Institutional Shareholder Services and Glass, Lewis. Otherwise, Ancora will abide by customary standstill provisions and limit its Green Plains stake to no more than 9.9%, which currently stands at 7%.

Effectiveness and Stock Value

The cooperation agreement will be in effect no later than 100 days before the first anniversary of Green Plains' 2024 annual shareholders meeting. It is important to note that Green Plains stock has lost about a third of its value in the past 12 months.

Increases in Holdings

Fund 1 Investments

Fund 1 Investments has raised its position in the casual-apparel retailer to 7,096,233 shares. From Jan. 12 through Feb. 2, Fund 1 purchased 289,428 Tilly's shares at prices ranging from $7.34 to $7.57 each. This fresh investment bolsters Fund 1's standing as Tilly's top shareholder with a 31.3% stake. Fund 1 has been buying while the stock has been slumping, as shares have lost about 17% of their value in the past 12 months.

Astria Therapeutics

Perceptive Advisors Increases Position in Pharmaceutical Company

Perceptive Advisors has raised its position in the pharmaceutical company to 6,485,420 shares. On December 21, 2023, Perceptive purchased 740,000 shares of Astria Therapeutics at a price of $6.20 each. Additionally, on February 1, 2024, Perceptive bought another 2,481,350 Astria shares through an offering priced at $12.09 each.

It's important to note that Perceptive also owns 2.42 million and five million shares of Astria that respectively underlie common and prefunded warrants and convertible preferred securities. However, these shares are subject to a 9.99% beneficial ownership limitation. As a result, they are not included in Perceptive's ownership figure.

Currently, shares of Astria have doubled in price in 2024, but the 12-month gain stands at approximately 4%.

Decreases in Holdings

TD Synnex

Apollo Global Management has cut its interest in the enterprise IT company by a third to 17,384,299 shares. Apollo sold 8,768,750 shares of TD Synnex on January 31 through a secondary offering priced at $100.50 apiece. The reason for this decrease in holdings was not disclosed. Despite the reduction, Apollo still remains TD Synnex's largest shareholder with a 19.8% stake.

As of the end of January, the IT enterprise stock has experienced a loss of approximately 5% in value, but remains relatively flat over the past 12 months.