トライヴィスタキャピタル株式会社
A Japan-based investor known for shareholder proposals and management advisory engagement.
"Companies tracked" and "first seen" reflect activity within our coverage period (from 2021-09-09 onward, the past five years) 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.
Across its seven covered tickers, TriVista Capital's most recent EDINET filings show a predominantly standardized "純投資（投資一任契約による）" (pure investment under discretionary investment management contract) framing for five names — ネットプロテクションズホールディングス, タイミー, イー・ギャランティ, ＫＨネオケム, and ブロードリーフ — indicating a consistent, largely passive baseline stance applied across much of the portfolio. However, two holdings carry more assertive language: マクロミル's filing adds "及び重要提案行為等を行うこと" (and to engage in important proposal actions, etc.), and キュービーネットホールディングス's filing states "状況に応じて経営陣への助言、重要提案行為等を行うこと" (advice to management and important proposal actions, etc., depending on circumstances). This textual variation suggests the filer does not apply a single uniform engagement posture across its book — it reserves more active-sounding language for specific names. Press coverage corroborates that this is not purely rhetorical: in the マクロミル TOB case, TriVista (reported as the largest shareholder) publicly declined to tender into CVC's revised offer, stating the price remained below intrinsic value and did not serve shareholders' common interest — consistent with, though not identical in wording to, the "重要提案行為等" language in the filing.
The seven holdings span five sector categories: その他金融業 (2), サービス業 (2), 化学 (1), 業種不明 (1), 情報・通信業 (1). This is a relatively diversified, small-portfolio allocation rather than a concentrated sector bet, though financial services and services together account for four of seven names, suggesting some tilt toward those areas without outright concentration.
Peak ownership ratios range from 5.34% to 19.66% with a median of 6.65% (n=7). Most positions cluster near the 5% disclosure threshold, with マクロミル standing out at the high end (press reports cite a ~17.6% stake as largest shareholder). Given Japan's disclosure regime only triggers reporting once a holding exceeds 5%, the observed range reflects disclosed thresholds rather than necessarily the full extent of economic exposure in every case.
Six of seven positions remain above 5% and trackable, with a median elapsed holding period of 1,031 days — this is a lower bound only, as the true holding period is undetermined and the position may well continue. One position has fallen to 5% or below, with a median of 245 days since that threshold was crossed. Under Japan's disclosure regime, once a position falls to 5% or below, the disclosure obligation terminates and the position becomes fundamentally unobservable — by this platform or anyone else. This does not mean the position was divested; the filer may still hold a smaller stake below the reporting threshold.
Of the seven tracked positions, one fell to 5% or below (untrackable), and none show a confirmed full divestment to 0% via amendment report (n=0). Given the small sample, no meaningful pattern can be drawn regarding peak ratio before exit. As structured by Japan's disclosure regime, falling to 5% or below functions as the de facto exit signal available to observers, while explicit confirmation of full divestment to 0% is comparatively rare in general and is not observed at all within this filer's current coverage. This should not be read as evidence of either retention or full exit from the one declining position. This commentary reflects only the activity captured within this platform's collection period and filing coverage, not TriVista Capital's complete historical investment record in the Japanese market, and does not constitute a definitive assessment or investment advice regarding this filer's intent or future actions.
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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 (15 filings total on a per-filing basis, 15 on a per-event basis).
投資一任契約による純投資
投資一任契約による純投資
投資一任契約による純投資
投資一任契約による純投資
投資一任契約による純投資
投資一任契約による純投資
投資一任契約による純投資
投資一任契約による純投資
純投資（投資一任契約に基づく顧客資産運用）及び重要提案行為等を行うこと。
純投資及び状況に応じて経営陣への助言、重要提案行為等を行うこと。
投資一任契約による純投資
投資一任契約による純投資
純投資及び状況に応じて経営陣への助言、重要提案行為等を行うこと。
投資一任契約による純投資
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 |
|---|---|---|
| QB Net Holdings Co.,Ltd.6571Other activists in this company → | 19.66% | 2022-06-16 |
| MACROMILL, INC.3978Other activists in this company → | 17.53% | 2023-05-29 |
| eGuarantee,Inc.8771Other activists in this company → | 7.27% | 2026-03-06 |
| Broadleaf Co.,Ltd.3673Other activists in this company → | 6.65% | 2022-11-22 |
| Net Protections Holdings,Inc.7383Other activists in this company → | 5.81% | 2026-10-07 |
| Timee,Inc.215AOther activists in this company → | 5.34% | 2026-08-07 |
| Harmonic Drive Systems Inc.6324Other activists in this company → | 5.29% | 2026-10-22 |
Because these are at or below 5%, subsequent holding status cannot be tracked.
| KH Neochem Co.,Ltd.4189Other activists in this company → | 2.64% | 2026-02-09 |
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 publicly filed 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: public filings (large shareholding and change reports). "View original" links to the PDF of the original filing stored by beluuga.ai.
Click a card to expand it in the detailed chart below.
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).