Gildan Activewear

Browning West increased its stake in Gildan Activewear to 8,640,448 shares. They purchased 1,994,900 Gildan Activewear shares from Dec. 15 through Dec. 29, 2023, at per-share prices ranging from $33.16 to $34.77.

In December 2023, Browning West sent two public letters to Gildan's board, demanding the reinstatement of former CEO Glenn Chamandy and the appointment of Browning West co-founder Peter Lee to the board. Chamandy was terminated on Dec. 10. On Jan. 9, Browning West called for a special meeting to vote on removing eight legacy directors and replacing them with eight nominees, including Lee and Chamandy.

Original Filings

Carrier Global

Viessmann Group reported an initial interest in the climate and energy-solutions business of 58,608,959 shares, representing 6.5% of the outstanding stock. On Jan. 2, Carrier completed its acquisition of Viessmann Climate Solutions for 10.2 billion euros ($11.2 billion) and 58.6 million Carrier shares.

As part of the acquisition, Carrier and Viessmann Group entered into an investor rights agreement, granting Viessmann Group one seat on Carrier's board for a period of 10 years as long as Viessmann holds at least 29,304,480 shares. CEO Maximilian Viessmann has been appointed to Carrier's board.

Increases in Holdings

Howard Hughes Holdings

Pershing Square Capital increased its stake in the real estate developer to 18,852,064 shares. Pershing Square Capital purchased 161,882 Howard Hughes shares at per share prices of $73.55 to $74.99 from Nov. 29 through Dec. 11, 2023. The latest buys were part of a 10b5-1 purchase plan that Pershing Square Capital adopted in December 2022 to raise its ownership in Howard Hughes to about 39%, doing so at prices no higher than $75 per share. Pershing Square Capital now holds 37.6% of Howard Hughes’ outstanding stock and ended the trading plan on Jan. 4.

Staar Surgical

Broadwood Partners increased its stake in the maker of eyeglass lenses to 10,768,430 shares. Broadwood Partners purchased 665,586 Staar Surgical shares from Nov. 28, 2023, through Jan. 8, 2024, at per-share prices of $27.04 to $32.11. Broadwood Partners has been aggressively increasing its stake in Staar Surgical since early September 2023. Following the latest purchases, Broadwood Partners holds 22.1% of Staar Surgical’s outstanding stock.

Decreases in Holdings

Alight

Blackstone slashed its stake in the provider of cloud-based, human-capital solutions to 17,751,475 shares. Blackstone did so through two affiliates that sold a combined 15 million shares on Jan. 5, 2024, through an unregistered block trade at a price of $8.13 each. Following the sale, Blackstone holds 3.4% of Alight’s tradable stock, below the 5% threshold that would require Blackstone to report any further Alight stock sales.