We track 27 activist investors with confirmed engagement in Japanese listed companies—investment, shareholder proposals, open letters, and other activity confirmed from public disclosures. See each investor's large shareholding filing history, ownership stake over time, and key holdings, with direct links into each target company's financials, share price, ROE, and cost of equity (DCF and Comps analysis are also available, though DCF is a paid add-on and Comps requires a few extra steps).
beluuga.ai's Activist Watchlist organizes activist investors (also known in Japan as "vocal shareholders", 物言う株主) engaged with Japanese listed companies — their target holdings, ownership stake, large shareholding filings, shareholder proposals, and other public disclosures.
Investors that are not activists but file large shareholding and change reports at high frequency. Listed separately and not counted in the activist figures above. Only filings in our daily records are included (not the five-year backfill applied to the activists); the earliest filing on record is shown on each page.
beluuga.ai tracks 27 activist investors with confirmed engagement (investment, shareholder proposals, open letters, etc.) in Japanese listed companies from public disclosures, compiled daily from large shareholding and change reports. Examples include 3D Investment Partners Pte. Ltd., Ariake Capital, Inc., Asset Value Investors Limited, Axium Capital Pte. Ltd., Capital Gallery, Inc.. Each investor page shows target companies, ownership stake over time, and filing history.
We mechanically aggregate publicly filed large shareholding and change reports and link them to a manually curated list of activist investors. This does not cover every entity that files large shareholding reports.
In Japan, "vocal shareholders" (物言う株主) is a common colloquial term for activist investors — investors who engage with company management through shareholder proposals, open letters, or other public activity, rather than staying passive. beluuga.ai uses "activist investor" and "物言う株主" interchangeably to refer to the same set of tracked investors.
Yes. See our holdings page for a list of confirmed target holdings across all tracked activist investors, or each investor's own page for their full holdings and filing history.
We use each investor's most recently filed large shareholding or change report with EDINET as of our last update. This reflects the latest confirmed status per public filing, not necessarily the current real-time holding — once a stake drops to 5% or below, further changes may no longer be observable via EDINET.
Under Japan's Financial Instruments and Exchange Act, an investor who acquires more than 5% of a listed company's shares must file a large shareholding report with EDINET, and a change report for every 1-point-or-more move thereafter. beluuga.ai aggregates these filings to build each activist investor's holdings and history.