A spin-off is a subsidiary separated from its parent company, and start trading as an independent stock. Many studies conducted through the years prove that these stocks achieve an excess return of more than 10% per year above the main indices (see more details here), and this is why I invest in spinoffs.
The question is how do you find spin-off stocks? Every US Company that intends to spin off one of its subsidiaries needs to file a form 10-12B to the Securities and Exchange Commission (SEC) site. Thus, to find US spinoffs you should start at the list of 10-12B filings at the SEC website.
This is an easy task, but it’s not the end of the story. First, not all spin-offs are filled as Form 10-12B; some are reported in a general 8-K form or other forms. Also, it can take months after the first publication until the spin-off is actually performed, and in some cases, the spin-off is even canceled.
Things get even more challenging if you want exposure to non-US spinoffs, which also proved to be a very profitable investment. Non-US companies obviously report to other Securities and Exchange Commissions which doesn’t have a designated form for spinoffs, so it harder trace them without using expensive data services like Bloomberg, Reuters or S&P Capital IQ, that we are subscribed to for generating a complete list of spinoffs worldwide.
These means you have to dig deeper to find all spinoffs and watch the list carefully over time to understand which one starts trading at discount to their fair value. The more spin-offs you track and analyze the more potential you’ll have to your portfolio.
To help you do that, we publish here for free a list of Spinoff Stocks from main exchanges around the world. As stated, not all of them are attractive enough for buying, so we thoroughly study each one of them and select the best opportunities to our portfolio.
|Symbol||Name||Exchange||Parent Symbol||Parent Name||Separation Date|
|RFL||Rafael Holdings||NYSE||IDT||IDT Corporation||Mar 2018|
|RDVT||Red Violet||NASDAQ||COGT||Cogint||Mar 2018|
|GLIBA||GCI Liberty||NASDAQ||QRTEA||Qurate Retail Group||Mar 2018|
|CLNC||Colony Northstar Credit Real Estate||NYSE||CLNS||Colony NorthStar||Feb 2018|
|LILA||Liberty Latin America (LILAC)||NASDAQ||LBTYA||Liberty Global||Jan 2018|
|DLPH||Delphi Technologies||NYSE||APTV||Aptiv||Dec 2017|
|VCCP||VICI Properties Inc||OTC||CZR||Caesars Entertainment Corporation||Oct 2017|
|HBB||Hamilton Beach Brands Holding Company||NYSE||NC||NACCO Industries||Oct 2017|
|BKI||Black Knight Inc.||NYSE||FNFV||Fidelity National Financial Ventures||Oct 2017|
|MFGP||Micro Focus International||NYSE||HPE||Hewlett Packard Enterprise Company||Aug 2017|
|BHF||Brighthouse Financial||NASDAQ||MET||MetLife||Aug 2017|
|JBGS||JBG Smith Properties||NYSE||VNO||Vornado Realty Trust||Jul 2017|
|BDVB||Bagger Dave’s Burger Tavern||OTC||SAUC||Diversified Restaurant Holdings||May 2017|
|VVV||Valvoline Inc||NYSE||ASH||Ashland Global Holdings||May 2017|
|DXC||DXC Technology Co||NYSE||HPE||Hewlett Packard Enterprise||Apr 2017|
|BIVV||Bioverativ Inc||NASDAQ||BIIB||Biogen Inc||Feb 2017|
|LOGM||LogMeIn Inc||NASDAQ||CTXS||Citrix Systems Inc||Jan 2017|
|VREX||Varex Imaging Corp||NASDAQ||VAR||Varian Medical Systems||Jan 2017|
|FHBC||Fernhill Beverage Inc||OTC||VGID||V Group Inc||Jan 2017|
|LEAI||Legacy Education Alliance||OTC||TIGE||Tigrent Inc||Jan 2017|
|AQB||AquaBounty Technologies Inc||NASDAQ||XON||Intrexon Corp||Jan 2017|
|CNDT||Conduent Inc||NYSE||XRX||Xerox Corp||Jan 2017|
|HGV||Hilton Grand Vacations Inc||NYSE||HLT||Hilton Worldwide Holdings||Jan 2017|
|PK||Park Hotels & Resorts Inc||NYSE||HLT||Hilton Worldwide Holdings||Jan 2017|
|ATH||Athene Holding Ltd||NYSE||APLVF||AP Alternative Assets LP||Dec 2016|
|VST||Vistra Energy Corp.||NYSE||-||Energy Future Holdings||Dec 2016|
|INSW||International Seaways Inc||NYSE||OSG||Overseas Shipholding Group||Nov 2016|