JP

Jana Partners Portfolio holdings

AUM $1.34B Turnover 20%
1-Year Est. Return 4.95%
This Fund
S&P 500
This Quarter Est. Return
+3.14%
1 Year Est. Return
+4.95%
3 Year Est. Return
+36.05%
5 Year Est. Return
+49.5%
10 Year Est. Return
+234.68%
AUM
$7.09B
AUM Growth
-$1.78B
Cap. Flow
-$2.12B
Cap. Flow %
-29.87%
Top 10 Hldgs %
74.24%
Holding
51
New
20
Increased
3
Reduced
8
Closed
18
Avg Time Held Equity + Options
0.3 years
Top 10 Avg Time Held Equity + Options
0.4 years
Top 20 Avg Time Held Equity + Options
0.4 years
Avg Time Held Equity only
0.4 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
+$347M
2
PFE icon
Pfizer
PFE
+$304M
3
AIG icon
American International
AIG
+$259M
4
LBTYK icon
Liberty Global Class C
LBTYK
+$247M
5
BHC icon
Bausch Health
BHC
+$176M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$1.03B
2
HRI icon
Herc Holdings
HRI
+$656M
3
CSC
Computer Sciences
CSC
+$369M
4
QVCGA
QVC Group Inc Series A
QVCGA
+$326M
5
BAX icon
Baxter International
BAX
+$251M

Sector Composition

Rank Sector Weight
1 Healthcare 30.6%
2 Technology 18.79%
3 Communication Services 18.46%
4 Consumer Staples 17.02%
5 Consumer Discretionary 6.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
CAG icon
1
Conagra Brands
CAG
$6.61B
$1.21B 17.02%
36,789,053
-2,492,644
-6% -$79.6M
2015 Q2
2 quarters
WBA icon
2
DELISTED
Walgreens Boots Alliance
WBA
$1.05B 14.76%
12,300,000
-1,450,000
-11% -$123M
2013 Q3
9 quarters
MSFT icon
3
Microsoft
MSFT
$3.96T
$551M 7.76%
9,924,299
+2,227,026
+29% +$117M
2015 Q3
1 quarter
QCOM icon
4
Qualcomm
QCOM
$184B
$460M 6.49%
9,212,133
-19,338,683
-68% -$1.03B
2014 Q4
4 quarters
TWC
5
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$437M 6.16%
2,354,120
– –
2015 Q2
2 quarters
LVNTA
6
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
$364M 5.14%
+8,080,186
New +$347M
2015 Q4
0 quarters
AGN
7
DELISTED
Allergan plc
AGN
$364M 5.13%
1,164,663
-722,268
-38% -$215M
2013 Q4
8 quarters
PFE icon
8
Pfizer
PFE
$166B
$296M 4.17%
+9,663,934
New +$304M
2015 Q4
0 quarters
LGF
9
DELISTED
Lions Gate Entertainment
LGF
$276M 3.89%
8,527,645
+1,346,781
+19% +$49.6M
2015 Q1
3 quarters
AIG icon
10
American International
AIG
$40.5B
$264M 3.72%
+4,253,840
New +$259M
2015 Q4
0 quarters
LBTYK icon
11
Liberty Global Class C
LBTYK
$2.74B
$242M 3.41%
+6,844,557
New +$247M
2015 Q4
0 quarters
BAX icon
12
Baxter International
BAX
$12.8B
$218M 3.07%
5,709,178
-6,871,398
-55% -$251M
2015 Q3
1 quarter
STRZA
13
DELISTED
Starz - Series A
STRZA
$180M 2.54%
5,371,957
-184,990
-3% -$6.6M
2015 Q1
3 quarters
TWX
14
DELISTED
Time Warner Inc
TWX
$174M 2.46%
2,697,020
-1,309,774
-33% -$91.5M
2015 Q1
3 quarters
BHC icon
15
Bausch Health
BHC
$2.2B
$159M 2.24%
+1,565,935
New +$176M
2015 Q4
0 quarters
CSC
16
DELISTED
Computer Sciences
CSC
$156M 2.2%
4,768,083
-12,631,669
-73% -$369M
2014 Q4
4 quarters
CSRA icon
17
DELISTED
CSRA Inc.
CSRA
$124M 1.75%
+4,137,851
New +$119M
2015 Q4
0 quarters
XLB icon
18
CALL
State Street Materials Select Sector SPDR ETF
XLB
$7.85B
$119M 1.68%
+5,500,000
New +$122M
2015 Q4
0 quarters
SPY icon
19
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$102M 1.44%
500,000
+250,000
+100% +$51.3M
2015 Q3
1 quarter
WMB icon
20
Williams Companies
WMB
$89B
$97.3M 1.37%
+3,784,157
New +$132M
2015 Q4
0 quarters
LH icon
21
Labcorp
LH
$25.7B
$86.1M 1.21%
+810,184
New +$83.6M
2015 Q4
0 quarters
AAP icon
22
Advance Auto Parts
AAP
$2.51B
$84.6M 1.19%
+562,343
New +$97.7M
2015 Q4
0 quarters
MBLY icon
23
DELISTED
Mobileye N.V.
MBLY
$42M 0.59%
993,275
– –
2015 Q2
2 quarters
TRGP icon
24
Targa Resources
TRGP
$62.4B
$22M 0.31%
+812,816
New +$36.1M
2015 Q4
0 quarters
GE icon
25
CALL
GE Aerospace
GE
$319B
$6.23M 0.09%
+41,732
New +$5.93M
2015 Q4
0 quarters
1
2 3

Similar funds

VCM
Vigilant Capital Management Portland, Maine $1.34B AUM 15.33% 1-Year Est. Return
FCFS
First Command Financial Services Fort Worth, Texas $1.06B AUM 10.74% 1-Year Est. Return
FCB
First Command Bank Fort Worth, Texas $1.06B AUM 10.74% 1-Year Est. Return
BWM
BerganKDV Wealth Management Bloomington, Minnesota $1,000M AUM 9.95% 1-Year Est. Return
LB
Leo Brokerage Hurst, Texas $876M AUM
BWA
BDO Wealth Advisors Jacksonville, Florida $872M AUM 15.17% 1-Year Est. Return
EWM
Endurance Wealth Management Providence, Rhode Island $731M AUM 18.41% 1-Year Est. Return
KC
KCL Capital New York $714M AUM 77.46% 1-Year Est. Return

Jana Partners's Q4 2015 Portfolio in Review

As of Q4 2015, Jana Partners held 51 positions worth $7.09B, down 20% from $8.87B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Jana Partners withdrew a net $2.12B in Q4 2015, closing 18 positions and reducing 8 holdings. Its most notable exit was Herc Holdings, an estimated $656M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 31% of assets, up from 28% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Jana Partners opened a new position in Liberty Interactive Corporation Series A Liberty Ventures worth $364M.

  • Jana Partners's largest Q4 2015 buy was Liberty Interactive Corporation Series A Liberty Ventures: 8,080,186 shares worth $364M.
  • Jana Partners added most to Microsoft in Q4 2015, an estimated $117M increase.
  • Jana Partners's biggest Q4 2015 reduction was Qualcomm, cutting an estimated $1.03B.
  • Jana Partners fully exited Herc Holdings in Q4 2015, selling an estimated $656M.
  • Jana Partners's ten largest holdings make up 74% of its $7.09B portfolio in Q4 2015.
  • Jana Partners opened 20 new positions and closed 18 in Q4 2015.
  • Jana Partners's portfolio value fell 20% quarter-over-quarter to $7.09B.

Based on Jana Partners's 13F filing for Q4 2015, filed 16 Feb 2016.