On August 14th, 2014, Blue Harbour Group disclosed a small stake of 0.9% in shares of AGCO Corporation (AGCO_), a leading manufacturer and distributor of agricultural equipment worldwide. As of June 30th, 2014, the position accounted for 1.8% of Blue Harbour’s overall portfolio. Blue Harbour Group is an activist hedge fund and is managed by Cliffton Robbins. Blue Harbour is known for its activist investments, while working in a collaborative and supportive manner with companies and management as opposed to more "active" activist investors who might engage inproxy fights, etc.. It is also interesting to note that Indian company Tractors and Farm Equipment Ltd TAFE, which is AGCO’s supplier in India, accumulated a 8.6% stake. TAFE initially disclosed the purchase of 5.3 million shares in April of 2013, and over the past year increased its holding to 8.1 million shares. The total cost of the acquired shares was $403 million, which means that TAFE paid an average price of $49.8 per share. AGCO Corp, in turn, owns a 23.75% stake in TAFE.