(Bloomberg) -- Marcato Capital Management, the hedge fund run by Mick McGuire, amassed a new 6.3% stake in LPL Financial.
San Francisco-based Marcato disclosed the new position in a 13D filing Tuesday with the SEC. The activist views LPL Financial as undervalued and may seek talks with management and the board on strategic and operational changes including capital structure, mergers and acquisitions and asset allocation, the filing shows.
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