These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity's attaining more than 5% in any class of a company's securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 5 through June 11, 2025. Source: VerityData

Activist Filings

Cannae Holdings$(CNNE)$ Carronade Capital Management disclosed a new position in the principal investment firm of 3,189,027 shares. Carronade purchased 138,752 of those shares from April 28 through June 3, 2025, at per share prices ranging from $18.01 to $19.03. On Dec. 19, Carronade delivered a letter to Cannae's board, highlighting that the company has suffered from "prolonged share price underperformance" and nominating a slate of director candidates, including Mona Aboelnaga, Benjamin C. Duster IV, Dennis A. Prieto, and Cherie L. Schaible for election to the board at the 2025 annual meeting. Following those purchases, Carronade owns 5.2% of Cannae's outstanding stock. Shares of Cannae have remained mostly flat in 2025.

Increases in Holdings

Shenandoah Telecommunications$(SHEN)$ ECP ControlCo raised its stake in the telecom firm to 6,208,915 shares. ECP ControlCo did so through the purchase of 203,353 Shenandoah shares from May 27 through June 5, 2025, at per share prices ranging from $11.91 to $13.19. Following the latest purchases, ECP ControlCo continues to own 10.6% of Shenandoah's outstanding stock. Shares of Shenandoah have gained roughly 12.9% in 2025

Decreases in Holdings

DigitalOcean Holdings$(DOCN)$ Access Industries reduced its stake in the enterprise cloud computing platform to 22,368,945 shares. Access Industries did so through the sale of 3,496,504 DigitalOcean shares through an unregistered block sale on June 4, 2025, at a price of $28.60 per share. Following the latest sale, Access Industries continues to own 24.6% of DigitalOcean's outstanding stock. Shares of DigitalOcean have lost approximately 15.4% since the beginning of this year.

Kinetik Holdings $(KNTK)$ ISQ Global Fund lowered its stake in the midstream energy services company to 24,169,892 shares. ISQ Global Fund did so through the sale of 4,262,090 Kinetik Holdings shares on June 4, 2025, at a price of $44.16 per share. Following the latest sales, ISQ Global Fund continues to own 27.5% of Kinetik Holdings' outstanding stock. Shares of Kinetik Holdings have lost 24.1% since the beginning of this year.

American Public Education $(APEI)$ 325 Capital reduced its stake in the for-profit education provider to 1,551,748 shares. 325 Capital did so through the sale of 607,551 American Public Education shares from May 30 through June 6, 2025, at per share prices ranging from $27.96 to $29.45. Following the latest sales, 325 Capital continues to own 8.6% of American Public Education's outstanding stock. Shares of American Public Education have gained approximately 28.7% since the beginning of this year.

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June 13, 2025 20:19 ET (00:19 GMT)

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