Actions

This page documents portfolio actions and corporate actions. Only two discretionary sales have been executed by the fund manager (ORCL and KKD). All other changes reflect corporate events such as mergers, acquisitions, private equity buyouts, spin-offs, ticker changes, share class conversions, or reorganizations.

Diagram: corporate action map

Predecessor / parentCurrent tickerFOEBAYDDSQWWEUABHIHDIDOWGEMMMDHRMRKHONBERYSEACCOFBINMBCPYPLQXYZTKOUAABKRHOGDDCTVAGEHCSOLVVLTOOGNSOLSMAGNAMCRENB

Discretionary sales (fund manager)

TickerCompanyActionNotes
ORCLOracleSold by fund managerTax-related sale
KKDKrispy KremeSold by fund managerTax-related sale

M and A / private equity / corporate exits

TickerCompanyActionNotes
TBLTimberlandExited via private equity / corporate transactionNot a discretionary fund sale

Corporate actions, spin-offs, and ticker changes

FromToMechanismNotes
FO — Fortune BrandsACCO — ACCO BrandsSpin-off / corporate separationACCO World spun out of Fortune Brands (FO) and merged with GBC to form ACCO Brands
FO — Fortune BrandsFBIN — Fortune Brands InnovationsTicker change / corporate evolutionDerived from Fortune Brands lineage (FO → later structure)
FO — Fortune BrandsMBC — MasterBrandSpin-off / separationCorporate separation created a new ticker
EBAY — eBayPYPL — PayPalSpin-offPayPal separated from eBay in 2015
DD — DuPont de NemoursQ — Qnity ElectronicsSpin-offSpun off from DuPont (DD); ticker trades as Q
SQ — Square / BlockXYZ — Block, Inc.Ticker change / renameLegacy SQ holding tracked as XYZ on the portfolio page
WWE — WWETKO — TKO Group HoldingsReorganization / merger structureConverted from WWE holding
UA — Under ArmourUAA — Under Armour (Class A)Share class conversion / dual-class structureUA and UAA are different share classes (not a spin-off)
BHI — Baker HughesBKR — Baker HughesTicker change / reorganizationLegacy BHI mapped to current BKR
HDI — Harley-DavidsonHOG — Harley-DavidsonTicker correction / legacy referenceHistorical materials list HDI; public ticker is HOG
DOW — Dow / DowDuPont lineageDD — DuPont de NemoursCorporate breakup / reorganizationDerived from DowDuPont breakup lineage
DOW — Dow / DowDuPont lineageCTVA — CortevaCorporate breakup / reorganizationDerived from DowDuPont breakup lineage
GE — General ElectricGEHC — GE HealthCare TechnologiesSpin-off / separationDerived from GE separation
MMM — 3MSOLV — SolventumSpin-off / separationDerived from 3M separation
DHR — DanaherVLTO — VeraltoSpin-off / separationDerived from Danaher separation
MRK — MerckOGN — Organon & Co.Spin-off / separationDerived from Merck separation
HON — HoneywellSOLS — Solstice Advanced MaterialsSpin-offSpin-off from Honeywell completed in 2025; trades as SOLS
BERY — Berry GlobalMAGN — MagneraSpin-off (Reverse Morris Trust) + mergerBerry HHNF business spun off and merged with Glatfelter; Magnera formed
BERY — Berry GlobalAMCR — AmcorCorporate action exchange (all-stock combination)Berry shareholders received Amcor shares upon completion of the combination
SE — Spectra EnergyENB — EnbridgeMerger exchangeSpectra merged into Enbridge; Spectra was originally a Duke Energy spin-off