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
+23.46%
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
$1.05B
AUM Growth
-$1.14B
(-52%)
Cap. Flow
-$1.03B
Cap. Flow
% of AUM
-98.79%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
36
New
–
Increased
2
Reduced
5
Closed
27
Avg Time Held Equity + Options
1.8
years
Top 10 Avg Time Held Equity + Options
1
year
Top 20 Avg Time Held Equity + Options
1.4
years
Avg Time Held Equity only
1.7
years
Top 10 Avg Time Held Equity only
1.5
years
Top 20 Avg Time Held Equity only
1.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Conagra Brands
CAG
|
+$32.5M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.71M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HDS
HD Supply Holdings, Inc.
HDS
|
+$111M |
| 2 |
TIF
Tiffany & Co.
TIF
|
+$86.9M |
| 3 |
Elevance Health
ELV
|
+$76.5M |
| 4 |
Microsoft
MSFT
|
+$69.9M |
| 5 |
Boston Scientific
BSX
|
+$63.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 39.64% |
| 2 | Healthcare | 22.73% |
| 3 | Consumer Discretionary | 16.71% |
| 4 | Industrials | 11.33% |
| 5 | Miscellaneous | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Conagra Brands
CAG
$6.61B
| $415M | 39.64% |
14,961,717
+1,419,381
| +10% | +$32.5M |
2015 Q2
15 quarters
|
|
2
Zimmer Biomet
ZBH
$17.5B
| $238M | 22.73% |
1,919,612
-437,925
| -19% | -$49.8M |
2017 Q2
7 quarters
|
|
|
HDS
3
DELISTED
HD Supply Holdings, Inc.
HDS
| $119M | 11.33% |
2,735,930
-2,663,245
| -49% | -$111M |
2016 Q1
12 quarters
|
|
|
TIF
4
DELISTED
Tiffany & Co.
TIF
| $99.4M | 9.49% |
941,895
-946,642
| -50% | -$86.9M |
2017 Q1
8 quarters
|
|
|
5
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $85.1M | 8.12% |
301,166
+6,279
| +2% | +$1.71M |
2018 Q1
4 quarters
|
|
6
Jack in the Box
JACK
$226M
| $75.6M | 7.22% |
932,132
-655,422
| -41% | -$52.4M |
2017 Q3
6 quarters
|
|
|
TIF
7
CALL
DELISTED
Tiffany & Co.
TIF
| $7.77M | 0.74% |
73,600
| – | – |
2017 Q1
8 quarters
|
|
8
DELISTED
Sitio Royalties
STR
| $5.56M | 0.53% |
171,232
-165,877
| -49% | -$5.43M |
2018 Q3
2 quarters
|
|
9
DELISTED
Sitio Royalties Corp. Warrant
STRDW
| $2.09M | 0.2% |
2,521,551
| – | – |
2018 Q4
1 quarter
|
|
10
Apple
AAPL
$5.01T
| – | – |
-400,000
| Closed | -$15.8M | – |
|
11
Adobe
ADBE
$93.7B
| – | – |
-258,189
| Closed | -$58.4M | – |
|
12
Autodesk
ADSK
$48.3B
| – | – |
-363,554
| Closed | -$46.8M | – |
|
|
13
Boston Scientific
BSX
$62.3B
| – | – |
-1,793,417
| Closed | -$63.4M | – |
|
14
Centene
CNC
$34.7B
| – | – |
-800,922
| Closed | -$46.2M | – |
|
15
Salesforce
CRM
$194B
| – | – |
-115,000
| Closed | -$15.8M | – |
|
16
Carvana
CVNA
$41.7B
| – | – |
-2,740,390
| Closed | -$17.9M | – |
|
17
CALL
DXC Technology
DXC
$2.04B
| – | – |
-1,500,000
| Closed | -$79.8M | – |
|
18
New Oriental
EDU
$8.93B
| – | – |
-875,506
| Closed | -$48M | – |
|
|
19
Elevance Health
ELV
$92.8B
| – | – |
-291,195
| Closed | -$76.5M | – |
|
20
CALL
DELISTED
Exact Sciences
EXAS
| – | – |
-750,000
| Closed | -$47.3M | – |
|
|
21
DELISTED
Exact Sciences
EXAS
| – | – |
-733,069
| Closed | -$46.3M | – |
|
22
CALL
iShares China Large-Cap ETF
FXI
$3.9B
| – | – |
-200,000
| Closed | -$7.82M | – |
|
23
VanEck Gold Miners ETF
GDX
$25B
| – | – |
-865,291
| Closed | -$18.2M | – |
|
24
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| – | – |
-200,000
| Closed | -$16.2M | – |
|
25
iShares Core S&P 500 ETF
IVV
$887B
| – | – |
-69,530
| Closed | -$17.5M | – |
|
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Jana Partners's Q1 2019 Portfolio in Review
As of Q1 2019, Jana Partners held 36 positions worth $1.05B, down 52% from $2.19B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Jana Partners withdrew a net $1.03B in Q1 2019, closing 27 positions and reducing 5 holdings. Its most notable exit was Elevance Health, an estimated $76.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 40% of assets, up from 15% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Jana Partners added an estimated $32.5M to Conagra Brands.
- Jana Partners added most to Conagra Brands in Q1 2019, an estimated $32.5M increase.
- Jana Partners's biggest Q1 2019 reduction was HD Supply Holdings, Inc., cutting an estimated $111M.
- Jana Partners fully exited Elevance Health in Q1 2019, selling an estimated $76.5M.
- Jana Partners's ten largest holdings make up 100% of its $1.05B portfolio in Q1 2019.
- Jana Partners opened 0 new positions and closed 27 in Q1 2019.
- Jana Partners's portfolio value fell 52% quarter-over-quarter to $1.05B.
Based on Jana Partners's 13F filing for Q1 2019, filed 15 May 2019.