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
-0.5%
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
$3.36B
AUM Growth
-$427M
Cap. Flow
-$311M
Cap. Flow %
-9.28%
Top 10 Hldgs %
66.24%
Holding
59
New
26
Increased
4
Reduced
9
Closed
16
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
0.5 years
Avg Time Held Equity only
0.3 years
Top 10 Avg Time Held Equity only
0.7 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
PF
Pinnacle Foods, Inc.
PF
+$227M
2
ADSK icon
Autodesk
ADSK
+$151M
3
ELV icon
Elevance Health
ELV
+$143M
4
BSX icon
Boston Scientific
BSX
+$128M
5
JACK icon
Jack in the Box
JACK
+$95.4M

Top Sells

Rank Stock Value
1
EQT icon
EQT Corp
EQT
+$543M
2
FDC
First Data Corporation
FDC
+$132M
3
ZBH icon
Zimmer Biomet
ZBH
+$89M
4
LBRDK icon
Liberty Broadband Class C
LBRDK
+$86.8M
5
CMCSA icon
Comcast
CMCSA
+$85.4M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 24.51%
2 Healthcare 23.32%
3 Industrials 16.27%
4 Consumer Staples 14.36%
5 Technology 11.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TIF
1
DELISTED
Tiffany & Co.
TIF
$348M 10.35%
3,558,402
-201,873
-5% -$20.8M
2017 Q1
4 quarters
HDS
2
DELISTED
HD Supply Holdings, Inc.
HDS
$345M 10.28%
9,094,994
– –
2016 Q1
8 quarters
ZBH icon
3
Zimmer Biomet
ZBH
$17.5B
$339M 10.1%
3,203,990
-766,145
-19% -$89M
2017 Q2
3 quarters
PF
4
DELISTED
Pinnacle Foods, Inc.
PF
$290M 8.64%
5,359,260
+3,937,639
+277% +$227M
2017 Q2
3 quarters
JACK icon
5
Jack in the Box
JACK
$226M
$184M 5.47%
2,151,938
+1,066,019
+98% +$95.4M
2017 Q3
2 quarters
BLMN icon
6
Bloomin' Brands
BLMN
$801M
$174M 5.18%
7,156,593
-773,045
-10% -$17.5M
2017 Q3
2 quarters
ADSK icon
7
Autodesk
ADSK
$48.3B
$159M 4.73%
+1,265,082
New +$151M
2018 Q1
0 quarters
ELV icon
8
Elevance Health
ELV
$92.8B
$134M 4%
+610,593
New +$143M
2018 Q1
0 quarters
BSX icon
9
Boston Scientific
BSX
$62.3B
$129M 3.84%
+4,724,275
New +$128M
2018 Q1
0 quarters
CAG icon
10
Conagra Brands
CAG
$6.61B
$122M 3.64%
3,317,378
+96,753
+3% +$3.57M
2015 Q2
11 quarters
NOC icon
11
Northrop Grumman
NOC
$70.4B
$114M 3.39%
325,567
+49,463
+18% +$16.6M
2017 Q4
1 quarter
FDC
12
DELISTED
First Data Corporation
FDC
$84.9M 2.53%
5,309,224
-7,993,663
-60% -$132M
2017 Q2
3 quarters
ZAYO
13
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$77.2M 2.3%
2,259,271
-8,667
-0.4% -$312K
2016 Q4
5 quarters
LRCX icon
14
Lam Research
LRCX
$359B
$70.6M 2.1%
+3,475,650
New +$68.8M
2018 Q1
0 quarters
KDP icon
15
Keurig Dr Pepper
KDP
$45.1B
$69.9M 2.08%
+590,329
New +$65.4M
2018 Q1
0 quarters
EA icon
16
DELISTED
Electronic Arts
EA
$69M 2.06%
+568,982
New +$69M
2018 Q1
0 quarters
A icon
17
Agilent Technologies
A
$49.1B
$68.4M 2.04%
+1,022,489
New +$71.7M
2018 Q1
0 quarters
TEVA icon
18
Teva Pharmaceutical Industries Limited
TEVA
$47.5B
$59.4M 1.77%
3,476,348
-106,365
-3% -$2.08M
2017 Q4
1 quarter
SPY icon
19
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$57.4M 1.71%
+217,988
New +$59.5M
2018 Q1
0 quarters
WRK icon
20
DELISTED
WestRock Company
WRK
$53.2M 1.59%
+829,158
New +$54.8M
2018 Q1
0 quarters
ADBE icon
21
Adobe
ADBE
$93.7B
$51.7M 1.54%
+239,305
New +$48.7M
2018 Q1
0 quarters
CI icon
22
Cigna
CI
$76.5B
$50.4M 1.5%
+300,678
New +$58.4M
2018 Q1
0 quarters
GM icon
23
General Motors
GM
$72.9B
$47.6M 1.42%
1,308,494
-266
-0% -$10.8K
2017 Q4
1 quarter
PTC icon
24
PTC
PTC
$21B
$46.9M 1.4%
601,790
-816,117
-58% -$59.5M
2017 Q4
1 quarter
AAPL icon
25
Apple
AAPL
$5.01T
$45.4M 1.35%
+1,083,388
New +$46.6M
2018 Q1
0 quarters
1
2 3

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Jana Partners's Q1 2018 Portfolio in Review

As of Q1 2018, Jana Partners held 59 positions worth $3.36B, down 11% from $3.78B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Jana Partners withdrew a net $311M in Q1 2018, closing 16 positions and reducing 9 holdings. Its most notable exit was EQT Corp, an estimated $543M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, up from 20% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Jana Partners opened a new position in Autodesk worth $159M.

  • Jana Partners's largest Q1 2018 buy was Autodesk: 1,265,082 shares worth $159M.
  • Jana Partners added most to Pinnacle Foods, Inc. in Q1 2018, an estimated $227M increase.
  • Jana Partners's biggest Q1 2018 reduction was First Data Corporation, cutting an estimated $132M.
  • Jana Partners fully exited EQT Corp in Q1 2018, selling an estimated $543M.
  • Jana Partners's ten largest holdings make up 66% of its $3.36B portfolio in Q1 2018.
  • Jana Partners opened 26 new positions and closed 16 in Q1 2018.
  • Jana Partners's portfolio value fell 11% quarter-over-quarter to $3.36B.

Based on Jana Partners's 13F filing for Q1 2018, filed 15 May 2018.