These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from April 17 through April 23, 2025. Source: VerityData
Original Filings
Radius Recycling (RDUS) Magnetar Financial disclosed a new position in the recycled-metal-products maker of 1,543,133 shares. Magnetar purchased 1,547,766 Radius Recycling shares from March 10 through April 14, 2025, at per share prices ranging from $12.67 to $29.12, then partially offset those purchases through the sale of 4,633 shares from Feb. 21 to March 14 at $12.95 to $28.49. Magnetar is likely making an arbitrage play, as on March 13, Radius announced that it entered into a definitive agreement to be acquired by Toyota Tsusho, which is part of the broader Toyota Group, for $30 per share in cash, valuing the deal at $1.34 billion. Following the purchases, Magnetar owns an initial 5.5% stake of Radius' outstanding stock.
Increases in Holdings
Rapid7 $(RPD)$
Jana Partners raised its stake in the cybersecurity company to 5,122,210 shares. Jana did so through the purchase of 182,370 Rapid7 shares from April 14 through April 17, 2025, at per share prices ranging from $22.54 to $23.55. On April 20, Jana announced that Kevin Galligan, a partner and director of research at the firm, will join the board effective on April 22, pursuant to a cooperation agreement reached in March. Following the latest purchases, Jana owns 8% of Rapid7's outstanding stock. Shares of Rapid7 have lost about 40.8% of their value since the start of 2025.
Bitdeer Technologies $(BTDR)$ Tether Holdings raised its stake in the blockchain specialist to 38,066,689 shares. The cryptocurrency company bought 8,000,000 Bitdeer shares from Feb. 26 through April 22, 2025, at per share prices ranging from $7.22 to $10. Following the latest purchases, Tether owns 25.5% of Bitdeer's outstanding stock. Shares of Bitdeer have lost roughly 57% of their value since the start of this year.
Standard Motor Products $(SMP)$ Gamco Investors increased its stake in the heavy-vehicle motor-parts company to 1,363,940 shares. Gamco did so through the purchase of 166,077 Standard Motor Products shares from Feb. 27 through April 16, 2025, at per share prices ranging from $21.56 to $29.39, then offset those purchases through the sale of 4,681 shares from Feb. 26 to April 10 at $22.07 to $30.31. Following the latest purchases, Gamco continues to own 6.2% of Standard Motor's outstanding stock. Shares of Standard Motor have lost roughly 21.7% since the start of this year.
Decreases in Holdings
Appian $(APPN)$ Abdiel Capital Advisors lowered its stake in the cloud-computing company to 9,760,219 shares. Abdiel did so through the sale of 419,319 Appian shares from April 2 through April 15, 2025, at per share prices ranging from $26 to $30. Following the latest sales, Abdiel continues to own 22.7% of Appian's outstanding stock. Shares of Appian have lost about 10.9% of their value this year.
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April 25, 2025 17:25 ET (21:25 GMT)
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