3 Hedge Fund Moves to Keep an Eye On: Jeff Smith, Green Equity & Polaris Capital

Hedge fund moves are still trickling in this evening, and there are a few more you need to know about.

The first comes our way via Jeff Smith and Starboard Value, a predominantly activist hedge fund. An amended 13D filing with the SEC shows that Starboard now holds 2,225,000 shares of Seachange International (NASDAQ:SEAC), good for 6.8% of the company. Seachange is a multi-screen video licensor, manager and distributor, and its shares are up 20.3% year-to-date.

Green Equity Investors also shared in a filing that they now have a 4.4% stake in Rite Aid (NYSE:RAD), and Polaris Capital reported a 9.5% passive stake in Southwest Bancorp (NASDAQ:OKSB). We’d watch both moves very closely, but Polaris’s in particular because their interest in Southwest Bancorp was just announced this afternoon (Green Equity’s was an amendment).

Disclosure: none

Recommended reading:

Hedge Fund Research

What Are Hedge Funds?

The Top 10 Hedge Funds