Today we are releasing SC 13D and SC 13D/A filings on the new platform. The SC 13D is required when a person acquires 5% or more of the shares of an entity that has an SEC filing obligation and they have some intention of using their holdings to influence the issuer in one of the ways listed in the SC 13D form.

One of the features that distinguish SC 13D (and G) filings from most other filings is that there are SUBJECT-COMPANY and FILED-BY tags to identify the Investee and Investor entities.

We were asked to make these filings available across the platform and it seemed only reasonable to make sure we sorted out a way to help you identify both entities involved. Thus we created new tags to apply to these filings; INVESTOR_CIK and INVESTOR_NAME. Thus we organized these filings by issuer CIK (the Investee company CIK) and then tagged them with the CIK and NAME of the Investor who filed the SC 13D. The way our system works – if you do any extraction of text or a summary extraction the results will automatically include these values as illustrated in the next image.

While that is exciting – what happens if we have a list of Activist shareholders and we need to to identify the Investees/Targets of their activity. Specifically we want to limit all results to a specific set of Investors! We could just build a search based on the INVESTOR_CIK. I have created an example below – there were 122 activist in my list and I simply wanted to identify the initial SC 13D (not amendments). (Note to make the search construction less of a focus I only included the first 22 INVESTOR_CIK parameters).

(
 (INVESTOR_CIK contains(807249)) or
 (INVESTOR_CIK contains(70858)) or
 (INVESTOR_CIK contains(1048703)) or
 (INVESTOR_CIK contains(921669)) or
 (INVESTOR_CIK contains(1055951)) or
 (INVESTOR_CIK contains(1517137)) or
 (INVESTOR_CIK contains(1113303)) or
 (INVESTOR_CIK contains(1504304)) or
 (INVESTOR_CIK contains(1312548)) or
 (INVESTOR_CIK contains(904495)) or
 (INVESTOR_CIK contains(1510281)) or
 (INVESTOR_CIK contains(1418812)) or
 (INVESTOR_CIK contains(923666)) or
 (INVESTOR_CIK contains(1495741)) or
 (INVESTOR_CIK contains(1462180)) or
 (INVESTOR_CIK contains(1352851)) or
 (INVESTOR_CIK contains(72971)) or
 (INVESTOR_CIK contains(1444376)) or
 (INVESTOR_CIK contains(1520631)) or
 (INVESTOR_CIK contains(1159159)) or
 (INVESTOR_CIK contains(1001085)) or
 (INVESTOR_CIK contains(1346543))
 )
and undervalu*
and (DOCTYPE contains (SC13D))

The SC13D filings will be available through our platform later today (12/6/2020). Remember to use the OPTIONS/Index Update feature to get access. The metadata is included in the indexed filings already but will not be available in the application until we update the APPSTREAM version sometime in the next week or ten days. Our target is 12/14 but this has been an unusual year so please be patient. I will announce the rollout here.