Tracking Portfolio is intended to simulate the aggregate performance of special situation ideas posted on SSI since 2017, where each idea receives 5% portfolio value allocation and is opened/closed at prices indicated in the write-ups (for more details see here). Quick Ideas are excluded from the Tracking Portfolio. These are not actual trading results.
Disclaimer: the Tracking Portfolio results are not to be considered as the actual investment results, but rather as an informational tool to track the aggregate performance of situations published on this website.
The table below itemizes the returns on each and every case published on SSI during 2012-2020. Due to the nature of investing in special situations, the opportunities published on this site have a relatively short time frame. This results in smaller absolute returns and high annualized IRRs.
| 2020 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| NKLA | 15-Jun-20 | Capital Structure Arbitrage | TBD | TBD |
| MET.NZ | 08-Jun-20 | Merger Arbitrage | TBD | TBD |
| SKYS | 08-Jun-20 | Merger Arbitrage | TBD | TBD |
| PDLI | 05-Jun-20 | Liquidation | TBD | TBD |
| ECL | 08-May-20 | Split-Off | 13% | 156% |
| TCBI | 23-May-20 | Merger Arbitrage | -16% | -32% |
| 0494.HK | 24-Apr-20 | Merger Arbitrage | 13% | 156% |
| TMKS.L | 24-Apr-20 | Going Private | TBD | TBD |
| ZCOR | 22-Apr-20 | Merger Arbitrage | 26% | 312% |
| TCO | 22-Apr-20 | Merger Arbitrage | TBD | TBD |
| IAC | 08-Apr-20 | NAV Discount Elimination | TBD | TBD |
| LSXMK | 27-Mar-20 | Merger Arbitrage | -3% | -36% |
| NIBC.AS | 25-Mar-20 | Merger Arbitrage | TBD | TBD |
| SORL | 10-Mar-20 | Merger Arbitrage | 14% | 168% |
| IOTS | 09-Mar-20 | Merger Arbitrage | 10% | 80% |
| SDI | 05-Mar-20 | Merger Arbitrage | 4% | 48% |
| LWB.L | 05-Mar-20 | Merger Arbitrage | 35% | 280% |
| 2858. HK | 13-Feb-20 | Member Arbitrage | TBD | TBD |
| ALT.PA | 12-Feb-20 | Merger Arbitrage | -1% | -8% |
| S | 12-Feb-20 | Merger Renegotiation | -15% | -520% |
| MCK | 11-Feb-20 | Split-Off | 11% | 132% |
| BME.MC | 27-Jan-20 | Bidding War | -4% | -24% |
| ADL.DE | 14-Jan-20 | Merger Arbitrage | -3% | -18% |
| PVCS.L | 31-Jan-20 | Liquidation | TBD | TBD |
| 2019 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| PKD | 18-Dec-19 | Going Private | 50.0% | 200% |
| AIM.TO | 18-Dec-19 | Tender Offer | 9.0% | 108% |
| HCG.TO | 18-Dec-19 | Tender Offer | 4.3% | 52% |
| SORL | 11-Dec-19 | Going Private | 5.0% | 60% |
| MDLY | 27-Nov-19 | Merger Arbitrage | -75.0% | -225% |
| DHR | 18-Nov-19 | Split-Off | 8.0% | 96% |
| OHAI | 12-Nov-19 | Merger Arbitrage | 6.0% | 72% |
| ASFI | 07-Nov-19 | Going Private | 12.0% | 24% |
| SWZ | 14-Oct-19 | Tender Offer | -1.5% | -18% |
| CYSM | 08-Oct-19 | Tender Offer | 8.0% | 96% |
| YCA.L | 02-Oct-19 | Covergence | 0.0% | 0% |
| SYCRF | 25-Sep-19 | Liquidation | 7.0% | 17% |
| DSX | 19-Sep-19 | Tender Offer | 7.0% | 84% |
| PKD | 17-Sep-19 | Reverse Split | 0.0% | 0% |
| GYRO | 13-Sep-19 | Liquidation | TBD | TBD |
| LBTYA | 14-Aug-19 | Tender Offer | 4.0% | 48% |
| OSR.DE | 14-Aug-19 | Bidding War | 17.0% | 204% |
| ECA | 07-Aug-19 | Tender Offer | 10.0% | 120% |
| SMTA | 30-Jul-19 | Liquidation | 4.0% | 48% |
| ADS | 30-Jul-19 | Tender Offer | -5.0% | -60% |
| DVA | 30-Jul-19 | Tender Offer | -4.0% | -48% |
| SMAL | 23-Jul-19 | Merger Arbitrage | -3.0% | -6% |
| CIR | 19-Jul-19 | Tender Offer | 0.0% | 0% |
| 8EC.AX | 08-Jul-19 | Liquidation | 7.0% | 42% |
| TWRH | 08-Jul-19 | Tender Offer | 1.0% | 12% |
| CLI | 04-Jul-19 | Asset Sale | TBD | TBD |
| PARF | 29-Jun-19 | Liquidation | TBD | TBD |
| UQM | 20-Jun-19 | Merger Arbitrage | 6.0% | 72% |
| TPH.TO | 10-Jun-19 | Expected Buyout | 21.0% | 50% |
| JAX | 16-May-19 | Proxy, M&A | -50.0% | -60% |
| CBAI | 18-Apr-19 | Liquidation | 10.0% | 10% |
| IAM.TO | 15-Apr-19 | M&A | 3%+CVR | 3%+CVR |
| EIM | 12-Apr-19 | Tender Offer | 3.0% | 36% |
| CTBO | 11-Apr-19 | Reverse Split | 270% | 270% |
| XIP.AX | 02-Apr-19 | Bidding War | 10.0% | 240% |
| AIM.TO | 26-Mar-19 | Tender Offer | TBD | TBD |
| RLM | 19-Mar-19 | Liquidation | -25.0% | -50% |
| MXWL | 18-Mar-19 | Merger Break | 2.5% | 15% |
| TST | 13-Mar-19 | Special Dividend | 15.0% | 135% |
| ATXI | 12-Mar-19 | M&A | 76.0% | 101% |
| BPR | 05-Mar-19 | Tender Offer | 5.0% | 60% |
| BPY | 05-Mar-19 | Tender Offer | 8.0% | 96% |
| DXIL.TA | 22-Feb-19 | M&A | 7.5% | 23% |
| TISA | 22-Feb-19 | M&A | 5.0% | 30% |
| CGP.V | 21-Feb-19 | M&A | -14.0% | -14% |
| LLY | 15-Feb-19 | Split-Off | 6.0% | 180% |
| IDM.V | 07-Feb-19 | M&A | 10.0% | 60% |
| OMED | 07-Feb-19 | M&A | 46.0% | 276% |
| THST | 07-Feb-19 | Tender Offer | 14.0% | 168% |
| AMID | 05-Feb-19 | Going Private | 34.0% | 204% |
| SIG.AX | 05-Feb-19 | M&A | -4.0% | -48% |
| PGLC | 14-Jan-19 | M&A | 4.0% | 16% |
| BPT | 11-Jan-19 | Distribution Cut | 0.0% | 0% |
| EMC.V | 10-Jan-19 | M&A | 10.0% | 60% |
| HSO.AX | 10-Jan-19 | M&A | 10.0% | 120% |
| 2018 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| AGT.TO | 28-Dec-18 | Going Private | 15.0% | 180% |
| NEO.TO | 27-Dec-18 | M&A | -20.0% | -70% |
| AJSB | 27-Dec-18 | M&A | 10.0% | 120% |
| GNC.AX | 20-Dec-18 | M&A | -10.0% | -24% |
| YMI.V | 14-Dec-18 | M&A | 7.0% | 84% |
| ECN.TO | 12-Dec-18 | Tender Offer | 7.5% | 90% |
| CZZ | 05-Dec-18 | Tender Offer | 2.4% | 25% |
| PACB | 29-Nov-18 | M&A | -32.0% | -32% |
| BDMS | 28-Nov-18 | M&A | 4.6% | 28% |
| INUV | 16-Nov-18 | M&A | -3.0% | -18% |
| IPAS | 15-Nov-18 | M&A | 15.0% | 75% |
| HCG.TO | 12-Nov-18 | Tender Offer | -5.0% | -60% |
| GCAP | 28-Oct-18 | Tender Offer | 5.6% | 151% |
| EGF | 28-Oct-18 | Tender Offer | 3.7% | 44% |
| RADH.ST | 26-Oct-18 | Mandatory Offer | 20.0% | 80% |
| KRL.AX | 25-Oct-18 | Going Private | 11.0% | 132% |
| DVMT | 23-Oct-18 | Higher Offer | 15.0% | 180% |
| ABCD | 10-Oct-18 | M&A | 25.0% | 1200% |
| TPCO | 02-Oct-18 | M&A | -23.0% | -46% |
| EGC | 26-Sep-18 | M&A | 16.5% | 198% |
| ATRM | 25-Sep-18 | M&A | 0.0% | 0% |
| BLBD | 14-Sep-18 | Tender Offer | -23.0% | -276% |
| NSFC | 13-Sep-18 | M&A | 4.0% | 48% |
| ALCO | 11-Sep-18 | Tender Offer | 2.0% | 25% |
| TRI | 11-Sep-18 | Tender Offer | 5.0% | 60% |
| GSB | 11-Sep-18 | Tender Offer | 6.0% | 72% |
| CSIQ | 11-Sep-18 | Going Private | -1.0% | -6% |
| LIN.DE | 07-Sep-18 | Share Arbitrage | 0.0% | 0% |
| ARTA.L | 07-Sep-18 | M&A | 13.0% | 140% |
| FTV | 27-Aug-18 | Split-off | 8.5% | 100% |
| LHO | 24-Aug-18 | M&A | 4.0% | 50% |
| TZS.TO | 23-Aug-18 | Liquidation | TBD | TBD |
| LFX.TO | 20-Aug-18 | Going Private | 7.0% | 12% |
| MDLY | 16-Aug-18 | M&A | 17.0% | 68% |
| BBDC | 09-Aug-18 | Tender Offer | 0.0% | 0% |
| TZZ.TO | 07-Aug-18 | Liquidation | 27.0% | 46% |
| AIM.TO | 01-Aug-18 | Asset Sale | 21.0% | 126% |
| QCOM | 01-Aug-18 | Tender Offer | 5.0% | 60% |
| SWZ | 13-Jul-18 | Tender Offer | 8.0% | 48% |
| NXPI | 10-Jul-18 | M&A | -9.0% | -108% |
| BXLC | 10-Jul-18 | Tender Offer | 12.0% | 96% |
| WLKR | 09-Jul-18 | Liquidation | TBD | TBD |
| SYTE | 09-Jul-18 | Reverse Split | N/A | N/A |
| RSYS | 09-Jul-18 | M&A | 14.0% | 34% |
| STDY | 05-Jul-18 | CVR | TBD | TBD |
| PCOA | 28-Jun-18 | Reverse Split | 2.5% | 65% |
| NTG | 28-Jun-18 | Rights Offering | -50.0% | -50% |
| EHIC | 25-Jun-18 | M&A | -9.0% | -14% |
| NCC-A | 22-Jun-18 | M&A | 7.0% | 28% |
| KLDX | 21-Jun-18 | M&A | -0.2% | -2% |
| AABA | 20-Jun-18 | Exchange Offer | 2.0% | 25% |
| CVRR | 14-Jun-18 | Exchange Offer | 7.0% | 56% |
| BWP | 14-Jun-18 | Unit Buyout | 18.0% | 468% |
| CSTW | 12-Jun-18 | M&A | 6.0% | 90% |
| TGH.NZ | 07-Jun-18 | M&A | 10.0% | 35% |
| MUA.AX | 04-Jun-18 | M&A | 20.0% | 40% |
| RMGN | 01-Jun-18 | Going Private | 7.0% | 21% |
| DPS | 01-Jun-18 | M&A | 4.7% | 47% |
| BH | 30-May-18 | Forced Selling | 0.0% | 0% |
| 1528.HK | 30-May-18 | Tender Offer | 7.0% | 56% |
| AVE.V | 08-May-18 | M&A | TBD | TBD |
| DXTR | 07-May-18 | Liquidation | TBD | TBD |
| AEF | 07-May-18 | Expected Tender | 0.0% | 0% |
| ABBV | 02-May-18 | Tender Offer | 5.0% | 60% |
| WHR | 27-Apr-18 | Tender Offer | 5.1% | 61% |
| CIT | 26-Apr-18 | Tender Offer | 3.3% | 40% |
| RKN.AX | 24-Apr-18 | Business Sale | -12.0% | -120% |
| BORN | 23-Apr-18 | Going Private | -12.0% | -48% |
| USCO.V | 23-Apr-18 | M&A | 10.0% | 60% |
| TPCA | 17-Apr-18 | M&A | 7.7% | 15% |
| WGRP | 13-Apr-18 | M&A | 7.0% | 60% |
| GGP | 09-Apr-18 | M&A | 0.0% | 0% |
| LSXMK | 05-Apr-18 | Mean Reversion | 0.0% | 0% |
| D.UN.TO | 23-Mar-18 | Tender Offer | 2.5% | 30% |
| DSU | 23-Mar-18 | Tender Offer | 6.0% | 72% |
| CTG | 22-Mar-18 | Tender Offer | 9.0% | 108% |
| BBG.ASX | 15-Mar-18 | M&A | 9.3% | 223% |
| LCL.L | 13-Mar-18 | CVR | -1.0% | -6% |
| KDI.V | 13-Mar-18 | M&A | 7.0% | 56% |
| PSH.AMS | 12-Mar-18 | Tender Offer | 5.2% | 30% |
| STLY | 12-Mar-18 | Delisting | 0.0% | 0% |
| AAR-U.TO | 08-Mar-18 | M&A | 1.2% | 7% |
| LIX.V | 07-Mar-18 | M&A | 20.0% | 3600% |
| HLF | 07-Mar-18 | Tender Offer | 13.6% | 109% |
| ECN.TO | 01-Mar-18 | Spin-Off | 1.0% | 12% |
| SCKT | 28-Feb-18 | Tender Offer | 2.6% | 31% |
| VAH.ASX | 28-Feb-18 | Odd Lot Buyback | 0.0% | 0% |
| RCII | 26-Feb-18 | Expected Acquisition | 25.0% | 150% |
| ROSG | 12-Feb-18 | M&A | -14.0% | -56% |
| ASHG | 04-Feb-18 | M&A | 6.0% | 18% |
| CHDN | 10-Jan-18 | Tender Offer | 7.0% | 84% |
| TCPIF | 09-Jan-18 | Going Private | 20.0% | 120% |
| ABE.MC | 09-Jan-18 | Bidding War | -0.5% | -2% |
| CKTM | 05-Jan-18 | M&A | 7.0% | 21% |
| TOX.ASX | 05-Jan-18 | Special Dividend | 1.0% | 3% |
| AC | 03-Jan-18 | Split-off | 13.0% | 156% |
| 2017 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| RPRX | 19-Dec-17 | M&A | 6.5% | 237% |
| NEWS | 14-Dec-17 | CVR | TBD | TBD |
| LGN.V | 14-Dec-17 | M&A | 10.0% | 80% |
| CALL | 13-Dec-17 | M&A | 5.0% | 20% |
| EXAC | 07-Dec-17 | M&A | -2.5% | -15% |
| RLOG | 24-Nov-17 | Bankcruptcy | 10.0% | 250% |
| CMED | 24-Nov-17 | M&A | 80.0% | 240% |
| EVLV | 24-Nov-17 | M&A | 8.0% | 96% |
| CZZ | 20-Nov-17 | Tender Offer | 11.0% | 132% |
| LGL | 17-Nov-17 | Asset Sale | 7.0% | 12% |
| ABCP | 16-Nov-17 | Litigation Stub | 134.0% | 268% |
| PCO | 16-Nov-17 | Going Private | 4.6% | 87% |
| PSGLQ | 15-Nov-17 | Liquidation | TBD | TBD |
| FIG | 15-Nov-17 | M&A | 3.8% | 30% |
| EGF | 15-Nov-17 | Tender Offer | 2.0% | 50% |
| GHL | 27-Oct-17 | Expected Tender | 75.0% | 100% |
| MVC | 27-Oct-17 | Tender Offer | 2.0% | 27% |
| CBS | 20-Oct-17 | Split-Off | 8.0% | 94% |
| GHL | 16-Oct-17 | Tender Offer | 12.0% | 438% |
| CNTE | 06-Oct-17 | Tender Offer | 1.0% | 5% |
| UTG | 29-Sep-17 | Mean Reversion | -0.1% | -1% |
| YUME | 27-Sep-17 | M&A | 0.0% | 0% |
| ZAIS | 08-Sep-17 | Going Private | 14.0% | 84% |
| WTM | 23-Aug-17 | Tender Offer | 1.3% | 22% |
| DEST | 03-Aug-17 | Technical Sell-Off | 90.0% | 396% |
| ESSX | 18-Jul-17 | Liquidation | TBD | TBD |
| TPCA | 26-Jun-17 | Tender Offer | 5.5% | 45% |
| TIL.NO | 24-Jul-17 | M&A | 5.0% | 10% |
| YHOO | 15-Jun-17 | Tender Offer | 2.0% | 66% |
| QIWI | 13-Jun-17 | M&A | -25.0% | -100% |
| OJCB | 09-Jun-17 | M&A | 10.0% | 35% |
| FNMA | 05-Jun-17 | Redemption | 10.0% | 49% |
| RAD | 29-May-17 | M&A | 10.0% | 122% |
| STVVY | 26-May-17 | Special Dividend | 27.0% | 469% |
| ADES | 10-May-17 | Expected Dividend | 23.0% | 57% |
| WING | 05-May-17 | Algo Trading | 10.0% | 261% |
| CIT | 04-May-17 | Tender Offer | 2.5% | 33% |
| DEST | 27-Apr-17 | M&A | 0.0% | 0% |
| AAA | 10-Apr-17 | Liquidation | 5.0% | 65% |
| GECC | 30-Mar-17 | Tender Offer | 2.7% | 24% |
| TNGO | 20-Mar-17 | M&A | 25.0% | 207% |
| PCO | 29-Mar-17 | Going Private | 0.0% | 0% |
| ZF | 16-Mar-17 | M&A | 4.0% | 365% |
| PJF.LON | 23-Feb-17 | M&A | 11.0% | 23% |
| QQQX | 06-Feb-17 | CEF Arbitrage | 1.0% | 28% |
| PTXP | 01-Feb-17 | M&A | 32.0% | 109% |
| TJI.LON | 24-Jan-17 | Liquidation | 52.0% | 35% |
| LSR.LON | 19-Jan-17 | Liquidation | 11.0% | 11% |
| TZZ.TO | 12-Jan-17 | Dutch Tender | 4.5% | 47% |
| SYT | 02-Jan-17 | M&A | 9.5% | 158% |
| PBOX | 03-Jan-17 | Going Private | 0.0% | 0% |
| 2016 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| RAD | 29-Dec-16 | M&A | -30.0% | -30% |
| NBZ.TO | 28-Dec-16 | Tender Offer | 8.7% | 106% |
| TA-PD.TO | 27-Dec-16 | Preferred Arbitrage | -3.7% | -4% |
| NRO | 15-Dec-16 | Tender Offer | 10.0% | 111% |
| OCIP | 07-Dec-16 | M&A | 17.0% | 68% |
| IQNT | 06-Dec-16 | Higher Bid | -0.2% | 0% |
| ENT | 02-Dec-16 | M&A / Tender | 30.0% | 913% |
| IMSCQ | 18-Nov-16 | Liquidation | 60.0% | 7300% |
| WBMD | 15-Nov-16 | Tender Offer | 2.7% | 26% |
| NYRT | 14-Nov-16 | Liquidation | -28.0% | -28% |
| ACTA | 09-Nov-16 | Tender Offer | 7.0% | 71% |
| EGF | 08-Nov-16 | Tender Offer | 1.1% | 12% |
| MWW | 25-Oct-16 | M&A | 0.0% | 0% |
| RECN | 19-Oct-16 | Tender Offer | 11.0% | 109% |
| N | 18-Oct-16 | M&A | 8.5% | 207% |
| SLGN | 18-Oct-16 | Tender Offer | 0.0% | 0% |
| FVE | 14-Oct-16 | Tender Offer | 5.8% | 57% |
| IEGH | 10-Oct-16 | Reverse Split | 48.0% | 4380% |
| ZFC | 15-Sep-16 | Tender Offer | 9.0% | 82% |
| PG | 02-Sep-16 | Split-Off | 7.5% | 78% |
| BINDQ | 24-Aug-16 | Liquidation | TBD | TBD |
| MSM | 14-Jul-16 | Dutch Tender | N/A | N/A |
| FFNW | 14-Jul-16 | Dutch Tender | 1.1% | 12% |
| LMT | 14-Jul-16 | Split-off | 11% | 100% |
| COA.LN | 28-Jun-16 | Forced Selling | 13.5% | 149% |
| CKEC | 21-Jun-16 | Higher Bid | 200.0% | 2147% |
| GAIA | 24-May-16 | Tender Offer | 2.6% | 24% |
| MNST | 13-May-16 | Dutch Tender | 3.9% | 43% |
| VRTS | 13-May-16 | Dutch Tender | 2.6% | 29% |
| TTGT | 13-May-16 | Tender Offer | N/A | N/A |
| BAX | 25-Apr-16 | Split-Off | 7.5% | 91% |
| ASFI | 12-Apr-16 | Dutch Tender | 2.4% | 25% |
| TSE | 29-Mar-16 | Tender Offer | N/A | N/A |
| SRYB | 21-Mar-16 | Going Private | 6.3% | 17% |
| III | 14-Mar-16 | Dutch Tender | 8.1% | 92% |
| PLPM | 14-Mar-16 | Dutch Tender | 5.0% | 57% |
| HCG | 14-Mar-16 | Dutch Tender | 4.1% | 38% |
| CRAI | 24-Feb-16 | Dutch Tender | 4.6% | 53% |
| CHMP | 24-Feb-16 | Going Private | 50.0% | 113% |
| NSM | 16-Feb-16 | Dutch Tender | 3.9% | 47% |
| FIG | 05-Feb-16 | Dutch Tender | 8.9% | 93% |
| DVLY | 27-Jan-16 | Going Private | 28.1% | 84% |
| SNOW | 12-Jan-16 | Dutch Tender | 2.6% | 27% |
| SPIL | 11-Jan-16 | Tender Offer | 9.0% | 51% |
| ALO | 08-Jan-16 | Tender Offer | -0.3% | 0% |
| 2015 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| SNR | 18-Dec-15 | Dutch Tender | 4.0% | 38% |
| FC | 15-Dec-15 | Dutch Tender | 9.0% | 100% |
| NSP | 09-Dec-15 | Dutch Tender | 2.8% | 28% |
| CPRT | 25-Nov-15 | Dutch Tender | -0.1% | 0% |
| FLY 2 | 17-Nov-15 | Dutch Tender | 3.3% | 33% |
| WLFC | 17-Nov-15 | Dutch Tender | 3.5% | 36% |
| FLY | 16-Nov-15 | Tender Offer | 8.1% | 80% |
| NCR | 13-Nov-15 | Dutch Tender | -0.9% | -11% |
| HUB | 02-Nov-15 | Exchange Offer | 5% | 20% |
| MAMS | 02-Nov-15 | Tender Offer | 3.9% | 40% |
| THRX | 30-Oct-15 | Dutch Tender | 4.5% | 43% |
| GE | 20-Oct-15 | Split-off | 7.50% | 81% |
| CHLN | 12-Oct-15 | Going Private | 26% | 65% |
| NATH | 14-Sep-15 | Dutch Tender | 2.6% | 24% |
| DOW | 03-Sep-15 | Split-off | 11% | 118% |
| HRB | 03-Sep-15 | Dutch Tender | 4.5% | 45% |
| JOE | 24-Aug-15 | Tender Offer | 6.6% | 67% |
| HNNA | 24-Aug-15 | Tender Offer | 1.8% | 20% |
| MSI | 10-Aug-15 | Dutch Tender | 3.6% | 44% |
| CDOR | 10-Aug-15 | Exchange Offer | 0% | 0% |
| KCLI | 08-Aug-15 | Going Private | 9.5% | 8% |
| NTP | 03-Aug-15 | Tender Offer | 4.8% | 45% |
| TIER | 24-Jul-15 | Dutch Tender | 8.6% | 98% |
| ALSO | 07-Jul-15 | Going Private | 150.0% | 150% |
| NBHC | 07-Jul-15 | Dutch Tender | 0.5% | 6% |
| CCEL | 02-Jul-15 | Tender Offer | 7.6% | 82% |
| DHR 2 | 27-Jun-15 | Split-off | 7.50% | 152% |
| AOSL | 12-Jun-15 | Dutch Tender | 3.1% | 36% |
| GSOL | 12-Jun-15 | Tender Offer | 10.1% | 73% |
| GNL | 08-Jun-15 | Tender Offer | 13.3% | 167% |
| WEN | 08-Jun-15 | Dutch Tender | 1.6% | 22% |
| CPRT | 08-Jun-15 | Dutch Tender | N/A | N/A |
| EMKR | 19-May-15 | Dutch Tender | 4.6% | 50% |
| APLE | 19-May-15 | Dutch Tender | 5.6% | 50% |
| DHR | 19-May-15 | Split-off | 5.30% | 34% |
| BVII | 15-May-15 | Going Private | 0.0% | 0% |
| KCG | 06-May-15 | Dutch Tender | 3.9% | 41% |
| NTP | 06-May-15 | Tender Offer | 6.0% | 70% |
| ARR | 28-Apr-15 | Dutch Tender | 2.5% | 30% |
| CLS | 28-Apr-15 | Dutch Tender | 8.7% | 79% |
| INS | 24-Apr-15 | Dutch Tender | N/A | N/A |
| SLI | 06-Apr-15 | Dutch Tender | N/A | N/A |
| RENN | 06-Apr-15 | Dutch Tender | 3.4% | 43% |
| ITEX | 25-Mar-15 | Tender Offer | 9.9% | 129% |
| BBX | 23-Mar-15 | Tender Offer | 9.5% | 94% |
| MBUU | 16-Mar-15 | Dutch Tender | 3.1% | 37% |
| SLGN | 24-Feb-15 | Dutch Tender | 2.2% | 42% |
| NICK | 24-Feb-15 | Dutch Tender | -0.3% | 0% |
| FNFV | 24-Feb-15 | Dutch Tender | 3.4% | 43% |
| FREVS | 23-Feb-15 | Tender Offer | 3.6% | 45% |
| XHR | 09-Feb-15 | Dutch Tender | 2.4% | 29% |
| EXFO | 13-Jan-15 | Dutch Tender | 7.5% | 76% |
| 2014 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| MORE | 19-Dec-14 | Dutch Tender | 5.1% | 53% |
| TCX | 19-Dec-14 | Dutch Tender | 1.9% | 20% |
| BBRG | 17-Nov-14 | Dutch Tender | 6.5% | 67% |
| FCRM | 17-Nov-14 | Going Private | 150.0% | 219% |
| SMGI | 07-Nov-14 | Tender Offer | 2.6% | 31% |
| CHMT | 05-Nov-14 | Dutch Tender | 3.6% | 42% |
| FDP | 05-Nov-14 | Dutch Tender | 4.1% | 47% |
| MCGC | 05-Nov-14 | Dutch Tender | 3.0% | 34% |
| CMXX | 02-Oct-14 | Going Private | 7.1% | 14% |
| RWWI | 30-Sep-14 | Tender Offer | N/A | N/A |
| CACC | 23-Sep-14 | Tender Offer | 0.5% | 6% |
| GPX | 06-Sep-14 | Dutch Tender | 5.6% | 68% |
| MCEM | 01-Sep-14 | Going Private | 3.4% | 14% |
| FBRC | 20-Aug-14 | Dutch Tender | 0.2% | 2% |
| ANR | 15-Aug-14 | Dutch Tender | 4.2% | 51% |
| ENT | 14-Aug-14 | Warrant Exchange | 1.0% | 12% |
| HNH | 08-Aug-14 | Tender Offer | N/A | N/A |
| FMNB | 08-Aug-14 | Tender Offer | 2.9% | 34% |
| WBMD | 06-Aug-14 | Tender Offer | 1.1% | 13% |
| IBCA | 05-Aug-14 | M&A | 5.0% | 20% |
| GSI | 10-Jul-14 | Dutch Tender | 0.0% | 0% |
| FPCG | 23-Jun-14 | Going Private | 25.0% | 101% |
| CBS | 11-Jun-14 | Split-Off | 7.50% | 68% |
| UDF | 04-Jun-14 | Tender Offer | 4.6% | 52% |
| WY | 23-May-14 | Split-Off | 7.20% | 53% |
| CACC | 16-May-14 | Tender Offer | N/A | N/A |
| HKFI | 12-May-14 | Going Private | -15.0% | -15% |
| GSOL | 08-May-14 | Tender Offer | 17.5% | 200% |
| NYRT | 16-Apr-14 | Tender Offer | 1.9% | 22% |
| HCT | 09-Apr-14 | Tender Offer | 8.7% | 99% |
| SPLP | 08-Apr-14 | Dutch Tender | -1.2% | -1% |
| G | 06-Mar-14 | Dutch Tender | 1.2% | 13% |
| CACC | 27-Feb-14 | Tender Offer | N/A | N/A |
| HELE | 12-Feb-14 | Dutch Tender | 6.6% | 76% |
| OUTR | 11-Feb-14 | Dutch Tender | -1.3% | -15% |
| WEN | 14-Jan-14 | Dutch Tender | 5.0% | 57% |
| 2013 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| TARO | 25-Nov-13 | Dutch Tender | 1.80% | 19% |
| BPI | 14-Nov-13 | Tender Offer | 10.0% | 104% |
| CXP | 11-Oct-13 | Dutch Tender | 11.4% | 119% |
| WBMD | 19-Aug-13 | Tender Offer | 6.5% | 68% |
| HAL | 26-Jul-13 | Dutch Tender | 5.5% | 57% |
| WEF | 02-Jul-13 | Dutch Tender | 1.3% | 14% |
| COLE | 20-Jun-13 | Dutch Tender | 12.30% | 128% |
| GKNT | 18-Jun-13 | Dutch Tender | 1.1% | 11% |
| APF | 03-Jun-13 | Tender Offer | 7.0% | 73% |
| CSG | 31-May-13 | Dutch Tender | 9.40% | 98% |
| PFE | 23-May-13 | Split-Off | 7.5% | 46% |
| FBRC | 21-May-13 | Dutch Tender | N/A | N/A |
| ETEC | 09-May-13 | Going Private | 4.0% | 24% |
| HLIT | 26-Apr-13 | Dutch Tender | 9.5% | 99% |
| SSY | 06-Feb-13 | Tender Offer | 28.0% | 292% |
| 2012 | ||||
| Ticker | Date published | Type | Return | Annual IRR |
| PPG | 27-Dec-12 | Split-Off | 11.0% | 89% |
| KENT | 26-Dec-12 | Going Private | 17.0% | 95% |
| MSF | 14-Jun-12 | Tender Offer | 19.0% | 198% |
| IFF | 14-Jun-12 | Tender Offer | 20.0% | 209% |
| TKF | 13-Jun-12 | Tender Offer | 12.5% | 130% |
| JAKK | 29-May-12 | Tender Offer | 10.3% | 107% |
