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
+2.44%
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
$3.78B
AUM Growth
-$1.11B
Cap. Flow
-$824M
Cap. Flow %
-21.77%
Top 10 Hldgs %
67.54%
Holding
51
New
13
Increased
4
Reduced
13
Closed
18
Avg Time Held Equity + Options
0.5 years
Top 10 Avg Time Held Equity + Options
0.5 years
Top 20 Avg Time Held Equity + Options
0.5 years
Avg Time Held Equity only
0.4 years
Top 10 Avg Time Held Equity only
0.7 years
Top 20 Avg Time Held Equity only
0.6 years

Top Buys

Rank Stock Value
1
PTC icon
PTC
PTC
+$88M
2
IQV icon
IQVIA
IQV
+$84.3M
3
META icon
Meta Platforms (Facebook)
META
+$83.7M
4
NOC icon
Northrop Grumman
NOC
+$82.9M
5
CMCSA icon
Comcast
CMCSA
+$80.1M

Top Sells

Rank Stock Value
1
LBRDK icon
Liberty Broadband Class C
LBRDK
+$300M
2
UHS icon
Universal Health Services
UHS
+$210M
3
DXC icon
DXC Technology
DXC
+$179M
4
DD icon
DuPont de Nemours
DD
+$124M
5
AABA
Altaba Inc
AABA
+$102M

Sector Composition

Rank Sector Weight
1 Healthcare 21.08%
2 Consumer Discretionary 20.5%
3 Industrials 19.22%
4 Energy 14.36%
5 Communication Services 12.2%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
EQT icon
1
EQT Corp
EQT
$33B
$543M 14.36%
17,537,247
-1,305,099
-7% -$42.8M
2017 Q2
2 quarters
ZBH icon
2
Zimmer Biomet
ZBH
$17.5B
$465M 12.29%
3,970,135
-832,237
-17% -$94.1M
2017 Q2
2 quarters
TIF
3
DELISTED
Tiffany & Co.
TIF
$391M 10.33%
3,760,275
-992,164
-21% -$94.6M
2017 Q1
3 quarters
HDS
4
DELISTED
HD Supply Holdings, Inc.
HDS
$364M 9.62%
9,094,994
– –
2016 Q1
7 quarters
FDC
5
DELISTED
First Data Corporation
FDC
$222M 5.87%
13,302,887
+3,237,459
+32% +$55.6M
2017 Q2
2 quarters
BLMN icon
6
Bloomin' Brands
BLMN
$801M
$169M 4.47%
7,929,638
+3,754,638
+90% +$71.9M
2017 Q3
1 quarter
CAG icon
7
Conagra Brands
CAG
$6.61B
$121M 3.21%
3,220,625
-1,760,124
-35% -$62.5M
2015 Q2
10 quarters
JACK icon
8
Jack in the Box
JACK
$226M
$107M 2.82%
1,085,919
-230,796
-18% -$23.5M
2017 Q3
1 quarter
LBRDK icon
9
DELISTED
Liberty Broadband Class C
LBRDK
$86.8M 2.29%
1,018,684
-3,369,789
-77% -$300M
2016 Q2
6 quarters
PTC icon
10
PTC
PTC
$21B
$86.2M 2.28%
+1,417,907
New +$88M
2017 Q4
0 quarters
CMCSA icon
11
Comcast
CMCSA
$74.7B
$85.4M 2.26%
+2,131,337
New +$80.1M
2017 Q4
0 quarters
NOC icon
12
Northrop Grumman
NOC
$70.4B
$84.7M 2.24%
+276,104
New +$82.9M
2017 Q4
0 quarters
PF
13
DELISTED
Pinnacle Foods, Inc.
PF
$84.5M 2.23%
1,421,621
+272,723
+24% +$15.4M
2017 Q2
2 quarters
META icon
14
Meta Platforms (Facebook)
META
$1.88T
$83.6M 2.21%
+473,526
New +$83.7M
2017 Q4
0 quarters
ZAYO
15
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$83.5M 2.21%
2,267,938
-1,908,055
-46% -$67.5M
2016 Q4
4 quarters
DD icon
16
DuPont de Nemours
DD
$17.4B
$82.2M 2.17%
455,967
-688,921
-60% -$124M
2017 Q1
3 quarters
FWONK icon
17
Liberty Media Corporation Series C Common Stock
FWONK
$22.8B
$81.4M 2.15%
2,464,335
-1,104,855
-31% -$39.9M
2017 Q1
3 quarters
IQV icon
18
IQVIA
IQV
$43.1B
$81.1M 2.14%
+827,967
New +$84.3M
2017 Q4
0 quarters
MOH icon
19
Molina Healthcare
MOH
$10.9B
$68.3M 1.81%
891,067
-1,234,284
-58% -$89.1M
2017 Q2
2 quarters
TEVA icon
20
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
$67.9M 1.79%
+3,582,713
New +$53.9M
2017 Q4
0 quarters
SYNH
21
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
$57.6M 1.52%
+1,321,586
New +$61.7M
2017 Q4
0 quarters
EVHC
22
DELISTED
Envision Healthcare Holdings Inc
EVHC
$57.5M 1.52%
+1,664,043
New +$58.2M
2017 Q4
0 quarters
GWW icon
23
W.W. Grainger
GWW
$62.7B
$56.2M 1.49%
+237,886
New +$49.2M
2017 Q4
0 quarters
DHI icon
24
D.R. Horton
DHI
$37.4B
$55.3M 1.46%
1,083,581
+948,581
+703% +$44.2M
2017 Q3
1 quarter
GM icon
25
General Motors
GM
$72.9B
$53.6M 1.42%
+1,308,760
New +$56.8M
2017 Q4
0 quarters
1
2 3

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FCB
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Jana Partners's Q4 2017 Portfolio in Review

As of Q4 2017, Jana Partners held 51 positions worth $3.78B, down 23% from $4.89B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Jana Partners withdrew a net $824M in Q4 2017, closing 18 positions and reducing 13 holdings. Its most notable exit was Universal Health Services, an estimated $210M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 21% of assets, up from 21% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Jana Partners opened a new position in PTC worth $86.2M.

  • Jana Partners's largest Q4 2017 buy was PTC: 1,417,907 shares worth $86.2M.
  • Jana Partners added most to Bloomin' Brands in Q4 2017, an estimated $71.9M increase.
  • Jana Partners's biggest Q4 2017 reduction was Liberty Broadband Class C, cutting an estimated $300M.
  • Jana Partners fully exited Universal Health Services in Q4 2017, selling an estimated $210M.
  • Jana Partners's ten largest holdings make up 68% of its $3.78B portfolio in Q4 2017.
  • Jana Partners opened 13 new positions and closed 18 in Q4 2017.
  • Jana Partners's portfolio value fell 23% quarter-over-quarter to $3.78B.

Based on Jana Partners's 13F filing for Q4 2017, filed 14 Feb 2018.