HIGHBuilt-inGeographic
Anadarko Basin
“10-K Item 1: 'Currently, our Energy Operations Business is concentrated in the Anadarko basin, making it vulnerable to risks associated with operating in a limited number of geographic areas.'”
ACTG · Concentration risk · 10-K extracted
Acacia Research (ACTG) concentration risks
Updated
The most significant concentration Acacia Research discloses is Anadarko Basin, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Acacia Research’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partyCounterparty
Starboard Value LP
“10-K Item 1A: 'The success of our Company and the integration of our operating businesses is dependent on our relationship with Starboard.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Acacia Research's two disclosed concentration exposures are both significant in scale but different in kind. The Energy Operations Business is currently concentrated in the Anadarko Basin, making it vulnerable to risks associated with operating in a limited number of geographic areas — a structural exposure tied to the physical footprint of that business line rather than to any single counterparty. Separately, the success of the company and the integration of its operating businesses is dependent on its relationship with Starboard, a significant dependency-type exposure reflecting Starboard Value LP's role in the company's structure and strategy. These two exposures operate on different axes: the Anadarko Basin concentration is an operational and geographic risk specific to the energy segment, while the Starboard dependency is a governance-and-integration risk spanning the whole company. Because the Starboard relationship touches the integration of all operating businesses rather than a single segment, it arguably has the broader reach of the two, while the Anadarko concentration is more narrowly confined to the energy business's regional footprint.
For the engine’s reasoning on ACTG’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Business Equipment & Supplies
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ACTG● | Acacia Research Corporation | 2 | 0 | 0 | 2 |
| EBF | Ennis, Inc. | 1 | 0 | 0 | 1 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.