In a quarterly disclosure filed on August 14, 2026, Scott Ferguson's Sachem Head revealed it had completely sold its stake in Akamai Technologies (AKAM). The activist investor exited its position of 235,000 shares, which was previously valued at nearly $27 million.
The filing reflects trading activity during the second quarter, which ended June 30, 2026, and does not represent a real-time trade. During this period, Akamai reported a 5% year-over-year revenue increase to $1.1 billion, driven by strong growth in its security and cloud infrastructure divisions. The company is undergoing a strategic shift, focusing on these higher-growth areas over its traditional content delivery network business.