Average Cost: n/a Activist Commentary: Elliott is a $40+ billion hedge fund with tremendous resources to analyze potential investments. Their team includes analysts from leading tech private equity firms, engineers, operating partners — former technology CEOs and chief operating officers. When evaluating an investment they also hire specialty and general management consultants, expert cost analysts and industry specialists. They often watch companies for many years before investing and have an extensive stable of impressive board candidates. Although Elliott is known for their activism in the technology sector, they have been successful activists in many sectors, including utilities. In recent years, Elliott has engaged with a number of companies in this space: Sempra Energy, NRG Energy, FirstEnergy, DTE Energy and Evergy, to name a few. In some of these situations, Elliott called for myriad strategic and operational changes from cost cuts to spin-offs and settled for board seats in most cases. A common theme to many of Elliott's campaigns is "get back to your basics."