market folly

Alex Klabin and Doug Silverman's hedge fund firm Senator Investment Group has filed a 13G with the SEC regarding shares of Brookdale Senior Living (BKD).  Per the filing, Senator now owns 6.82% of BKD with over 12.69 million shares.

This is a newly disclosed equity position for the firm as they didn't report owning any shares as of the end of the third quarter.  The filing was made due to activity on November 4th.

You can view other recent portfolio activity from Senator here.

Per Google Finance, Brookdale Senior Living "is engaged in the operation of senior living communities in the United States. The Company has five segments: Retirement Centers; Assisted Living; CCRCs-Rental; Brookdale Ancillary Services, and Management Services. Its Retirement Centers segment includes owned or leased communities that are designed for middle to upper income seniors. Its Assisted Living segment includes owned or leased communities that offer housing and around the clock assistance with activities of daily life to mid-acuity frail and elderly residents. Its CCRCs-Rental segment includes owned or leased communities that offer a range of living arrangements and services to accommodate all levels of physical ability and health. Its Brookdale Ancillary Services segment includes the outpatient therapy, home health and hospice services. The Company's Management Services segment includes communities operated by the Company pursuant to management agreements."