Activists launched 182 campaigns globally in Q1 2025—the third-highest Q1 since Bloomberg began tracking campaigns in 2017. Yet the quarter falls short of Q1 2023 and Q1 2024, each of which had the most campaigns Bloomberg had on record for a Q1 at the time.
The slight decrease in campaign launches was felt across most regions, except for North America. This was likely because the US had more campaign launches in Q1 2025 than in Q1 2024—and it was the only major activism hub to do so. This result was likely driven by widespread market uncertainty and by anticipated changes ...
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