ファラロン・キャピタル・マネジメント
Known for proposals on strategy and governance.
"Companies tracked" and "first seen" reflect activity within our coverage period (from 2025-02-09 onward) and do not represent this investor's total number of historical holdings in the Japanese market.
This commentary is AI-generated from filing data and news articles (web search). It may contain hallucinations or factual errors, so please verify the content against primary sources yourself. It is not intended as investment advice.
The single sample purpose statement on file, for Nikkon Holdings (9072), reads: "純投資及び建設的な対話(エンゲージメント)を通じた中長期的な企業価値向上(状況に応じて重要提案行為等を行うことを含む)" — i.e., the filing explicitly frames the holding as pure investment combined with constructive dialogue aimed at medium- to long-term corporate value enhancement, while reserving the option to pursue "important proposal actions" depending on circumstances. This is boilerplate language commonly used by engagement-oriented funds, and it does not commit the filer to any specific action beyond keeping that option open. Press coverage referenced for other Japanese holdings (Fujitec, T&D Holdings) shows similar "重要提案行為等を含む" wording and documented instances of letters and shareholder-engagement activity, suggesting the filer applies a broadly consistent, moderately assertive engagement posture across holdings rather than a purely passive one — though within our coverage scope only the Nikkon filing is directly observable, and no specific proposal content, voting policy, or governance demand for Nikkon itself is confirmed in the data or press summary provided.
Within this platform's coverage, the filer's only tracked position is a single company in the 陸運業 (land transportation) sector. With just one ticker on file, no conclusion can be drawn about sector concentration versus diversification for this filer generally; the observed footprint here is a single-sector, single-name exposure.
The one tracked position shows a peak ownership ratio of 23.00% (median = range, n=1). This is well above the 5% disclosure trigger under Japan's large shareholding reporting regime, indicating that in this instance the filer built a substantial stake rather than stopping near the minimum disclosure threshold. With only one data point, this cannot be generalized as a "typical" target stake for the filer as a whole.
The Nikkon position has an elapsed observation period of 143 days (median, n=1) while still above the 5% threshold. Under Japan's disclosure regime, a filer's obligation to report ends once its stake falls to 5% or below, at which point the position becomes fundamentally unobservable — by this platform or any outside party. Because this position remains above 5%, the 143-day figure is only a lower bound on the true holding period; the position may continue well beyond this observation window, and no definitive average holding period can be stated. There are currently no positions in the "fell to 5% or below" category for this filer, so no comparison on that dimension is possible.
No exits are recorded in the data: there are zero positions that fell to 5% or below, and zero confirmed full divestments (0%) via amendment report. Consequently, no peak-ratio-before-exit figure is available. Given the structure of Japan's large shareholding disclosure regime, a drop to 5% or below is generally the de facto signal that a position is winding down, while explicit confirmation of full divestment to 0% via amendment report is comparatively rare across the market generally; in this filer's tracked record, however, neither event has yet occurred, and the sample here (n=0 for both categories) is far too small to characterize an exit pattern. **Closing note**: This commentary reflects only the single position and activity captured within this platform's data collection period and coverage (one ticker, land-transportation sector), supplemented by referenced press coverage on other holdings outside this platform's tracked scope. It does not represent the filer's complete historical investment record in the Japanese market, and nothing here should be read as a definitive assessment of the filer's intent or as investment advice regarding this or any other holding.
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Based on EDINET submission dates. Dates reflect when the filing was submitted, not when the underlying trade or shareholder proposal actually occurred.
When multiple filers are included in the same joint filing, we combine them into a single event (1 filings total on a per-filing basis, 1 on a per-event basis).
純投資及び建設的な対話(エンゲージメント)を通じた中長期的な企業価値向上(状況に応じて重要提案行為等を行うことを含む)
Under Japan's large shareholding reporting system, a filing obligation is triggered once a stake exceeds 5%, and a change report must be filed for every 1-point-or-more move after that. Once a holding drops to 5% or below, its status can no longer be tracked via EDINET at all, so the figures below reflect "as of the most recently filed report" — not the current holding.
| Company | Stake per latest report | Filing date |
|---|---|---|
| NIKKON Holdings Co.,Ltd.9072Other activists in this company → | 23.00% | 2026-04-02 |
Other tracked activist investors that hold a stake in at least one of the same companies.
This page mechanically aggregates and organizes disclosure data from EDINET large shareholding and change reports into a timeline. The "purpose of holding" field reproduces the original text as filed. It does not guarantee any particular investment judgment or interpretation of the filer's intent. Data is updated daily.
Source: EDINET (the Financial Services Agency's electronic disclosure system). "View original" links to the PDF of the original filing, which we retrieve and store via the EDINET API (EDINET's own browsing site does not support direct links to individual filings).
The horizontal axis reflects actual calendar dates (the real interval between filings); the vertical axis is ownership stake. Each marker is the value as of that filing — click it to view the underlying filing on EDINET (hover first to see the date and ratio).
The solid line marks changes confirmed by a filing. The lighter dashed line marks a stretch where the stake had fallen below 5% (so the continuing-disclosure obligation no longer applies) or where no new filing has been made since the latest report — the actual trajectory during that stretch is unknown (it does not necessarily mean the holding continued or stayed at a given level).