ANALYSIS: Activists Keep Breaking Records—Q1 Was No Different

April 3, 2024, 9:00 AM UTC

After 2023’s unprecedented 829 campaigns, activists kept the momentum going, launching 202 campaigns in Q1 alone.

That’s the highest count for a first quarter since at least 2017, when Bloomberg began tracking global investor activism campaigns.

And when compared to other quarters, Q1 2024 was among the busiest ever for campaign counts, trailing only Q2 2023’s 239 and Q4 2023’s 246 campaigns.

What’s responsible for the heightened levels of activity? The potential M&A market rebound and the delayed impacts of the SEC’s universal proxy rule may provide some insights.

Activists Revisit Their Focus on Tech

Trends in M&A activity and ...

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