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Founded in 2012, Legion Partners Asset Management is a long-only activist manager focused on the North American small-cap market.  Legion’s strategy utilizes deep fundamental research, concentrated positions, and professional long-term oriented active management to achieve superior risk-adjusted returns. We believe our private equity approach to investing in public equities helps to reduce risk and catalyze change.  By implementing sound corporate governance and disciplined capital allocation while also addressing other key factors holding down corporate valuations, Legion targets sources of uncorrelated returns.

Focus on Small-Caps
Scant sell-side coverage and overwhelmingly passive ownership of small-cap stocks create a highly inefficient universe with ample opportunities for value-oriented, active long-term owners such as Legion. We believe U.S. small-caps offer the greatest alpha generation potential and a target rich universe for constructive engagement.
Deep Fundamental Research

Deep fundamental research enables us to uncover high quality businesses trading at significant discounts to intrinsic value. Managing a concentrated portfolio with fewer than 15 investments allows us to truly know what we own, facilitating the continual evaluation of risk/reward profiles as situations evolve.
Responsible Activism
We believe long-term oriented responsible active ownership and good corporate governance helps facilitate sustained superior performance. While our engagements encompass a broad range of initiatives focused on bettering performance; improving alignment and culture is a cornerstone of our activism.