Acacia Research (ACTG)

• Market cap: $430M
• 1 day: 2.55%
• 5 days: -0.90%
• 1 month: -0.67%
• 3 months: -3.49%
• 6 months: -12.30%
• Year to date: 12.76%
• 1 year: 16.01%
• 5 years: 63.70%
• 10 years: -76.19%
• Sector: Financials
• Industry: Patent Owners & Lessors

About: Acacia Research Corp is focused on acquiring and operating businesses across the industrial, energy, and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon. Acacia operates its businesses based on three key principles of people, process, and performance and has built a management team with demonstrated expertise in research, transactions and execution, and operations and management.

Employees: 170

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 14

2% more funds holding

Funds holding: 101 [Q2] → 103 (+2) [Q3]

9% less call options, than puts

Call options by funds: $204K | Put options by funds: $223K

1.75% less ownership

Funds ownership: 86.34% [Q2] → 84.59% (-1.75%) [Q3]

8% less capital invested

Capital invested by funds: $432M [Q2] → $396M (-$36.5M) [Q3]

16% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 37

50% less funds holding in top 10

Funds holding in top 10: 2 [Q2] → 1 (-1) [Q3]