22NW Fund, LP
22NW Fund, LP is a Seattle-based activist hedge fund specializing in fundamental, value-driven investments within the North American small- and micro-cap markets. Founded in 2015 by Aron English, the firm is recognized for its concentrated portfolio and a multi-year investment horizon designed to capture structural mispricings. 22NW differentiates itself through a highly "engaged owner" model, often taking significant activist stakes to influence board composition, operational execution, and capital allocation in companies it deems undervalued or mismanaged. The fund is a frequent participant in proxy contests and governance negotiations, notably orchestrating wholesale board changes at companies like DIRTT Environmental Solutions and Foster L.B. Co. As of early 2026, 22NW continues to exert significant influence through board representation and standstill agreements (such as its February 2026 agreement with DIRTT). Its core holdings frequently include idiosyncratic names in the life sciences, industrial, and technology sectors, including Anebulo Pharmaceuticals, Stoneridge Inc., and Lifecore Biomedical, making it a critical manager for governance analysts to monitor for impending leadership and strategic shifts.
Notable Campaigns
Full campaign history, dissident slates, per-nominee seat outcomes, and filings timelines inside the platform →
The full 22NW Fund, LP profile
- →Daily-rescored target prediction from the activist's current 13F overlap
- →Full detail on every activist board nominee and the election or settlement result
- →Per-campaign effectiveness scoring across vote outcomes and concessions
- →Composite influence, vote-strength, and negotiating-leverage scoring
- →Preferred legal counsel, proxy solicitor, and IR/PR provider history