13D Activist Fund
DDDAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 225 Pictoria Drive Cincinnati OH United States of America 45246
- IPO Date
- Jan 3, 2012
- CIK
- 0001314414
- Website
- 13dactivistfund.com
- Similar Companies
- Business
- 13D Activist Fund (DDDAX) is an event-driven open-end mutual fund that seeks capital appreciation by investing primarily in common stocks of U.S. companies of any market capitalization targeted by shareholder activism, as disclosed in Schedule 13D filings where investors acquire more than 5% ownership and intend to influence management; the fund employs a value-oriented strategy focusing on 20 to 40 activist situations selected based on the activist's track record, activism type, sector, and success probability. It offers multiple share classes including Class A (DDDAX, net expense ratio 1.76%, front-end load 5.75%, minimum initial investment $2,500), Class C (DDDCX, net expense ratio 2.51%), and Class I (DDDIX, net expense ratio 1.51%, minimum initial investment $1 million), with total net assets of approximately $110.6 million across classes and daily liquidity. The portfolio is concentrated with top holdings such as Mercury Systems Inc. (7.36%), Pearson PLC (6.36%), Insight Enterprises Inc. (6.21%), Air Products and Chemicals Inc. (6.11%), and Southwest Gas Holdings Inc. (6.03%), representing 32.07% of assets, diversified across U.S. stocks (89.25%), non-U.S. stocks (6.36%), cash (4.39%), and sectors like consumer cyclical (20.12%), technology (18.68%), and industrials (15.61%). Primarily available to U.S. investors, the fund operates without significant international geographic focus beyond minor non-U.S. equity exposure. Founded on December 28, 2011, by Ken Squire, who serves as chief investment strategist and portfolio manager since inception, the fund is managed by 13D Management LLC, a New York-based boutique asset management firm with headquarters at 152 West 57th Street, 29th Floor, New York, NY 10019, and legal domicile under Northern Lights Fund Trust in Wilmington, Delaware. No major acquisitions, funding rounds, partnerships, new product launches, or strategic shifts have been publicly reported for the fund in the last 1-2 years; it continues to execute its core strategy of providing diversified, liquid exposure to activist investing opportunities identified through 13D filings, complementing passive strategies with activism-driven alpha potential. Recent fact sheets from Q2 2025 reaffirm ongoing portfolio management without noted operational changes, maintaining emphasis on understandable, repeatable value creation from activist catalysts like board changes, operational improvements, mergers, spin-offs, or asset sales.