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
+0.26%
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
$1.2B
AUM Growth
+$149M
(+14%)
Cap. Flow
+$173M
Cap. Flow
% of AUM
14.47%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
2
Increased
2
Reduced
2
Closed
1
Avg Time Held Equity + Options
1.6
years
Top 10 Avg Time Held Equity + Options
0.9
years
Top 20 Avg Time Held Equity + Options
1.3
years
Avg Time Held Equity only
1.5
years
Top 10 Avg Time Held Equity only
1.3
years
Top 20 Avg Time Held Equity only
1.4
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Axalta
AXTA
|
+$155M |
| 2 |
Callaway Golf Company
CALY
|
+$143M |
| 3 |
Zimmer Biomet
ZBH
|
+$1.15M |
| 4 |
Jack in the Box
JACK
|
+$598K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$93.6M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$31.5M |
| 3 |
Sitio Royalties
STR
|
+$1.79M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Staples | 33.18% |
| 2 | Consumer Discretionary | 18.84% |
| 3 | Healthcare | 18.44% |
| 4 | Materials | 14.56% |
| 5 | Industrials | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Conagra Brands
CAG
$6.61B
| $397M | 33.18% |
14,961,717
| – | – |
2015 Q2
16 quarters
|
|
|
2
Zimmer Biomet
ZBH
$17.5B
| $221M | 18.44% |
1,929,397
+9,785
| +0.5% | +$1.15M |
2017 Q2
8 quarters
|
|
|
3
Axalta
AXTA
$7.1B
| $174M | 14.56% |
+5,850,000
| New | +$155M |
2019 Q2
0 quarters
|
|
|
4
Callaway Golf Company
CALY
$2.42B
| $149M | 12.44% |
+8,671,810
| New | +$143M |
2019 Q2
0 quarters
|
|
|
HDS
5
DELISTED
HD Supply Holdings, Inc.
HDS
| $110M | 9.22% |
2,735,930
| – | – |
2016 Q1
13 quarters
|
|
|
6
Jack in the Box
JACK
$226M
| $76.5M | 6.39% |
939,532
+7,400
| +0.8% | +$598K |
2017 Q3
7 quarters
|
|
|
7
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $56.2M | 4.7% |
191,648
-109,518
| -36% | -$31.5M |
2018 Q1
5 quarters
|
|
|
TIF
8
CALL
DELISTED
Tiffany & Co.
TIF
| $6.89M | 0.58% |
73,600
| – | – |
2017 Q1
9 quarters
|
|
|
9
DELISTED
Sitio Royalties
STR
| $3.45M | 0.29% |
116,559
-54,673
| -32% | -$1.79M |
2018 Q3
3 quarters
|
|
10
DELISTED
Sitio Royalties Corp. Warrant
STRDW
| $2.4M | 0.2% |
2,521,551
| – | – |
2018 Q4
2 quarters
|
|
|
TIF
11
DELISTED
Tiffany & Co.
TIF
| – | – |
-941,895
| Closed | -$93.6M | – |
|
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Jana Partners's Q2 2019 Portfolio in Review
As of Q2 2019, Jana Partners held 11 positions worth $1.2B, up 14% from $1.05B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Jana Partners deployed $173M of net new capital in Q2 2019, opening 2 new positions and adding to 2 existing holdings. Its largest new stake was Axalta: 5,850,000 shares worth $174M.
By sector, the portfolio is most concentrated in Consumer Staples at 33% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Healthcare.
On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $31.5M trimmed.
- Jana Partners's largest Q2 2019 buy was Axalta: 5,850,000 shares worth $174M.
- Jana Partners added most to Zimmer Biomet in Q2 2019, an estimated $1.15M increase.
- Jana Partners's biggest Q2 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $31.5M.
- Jana Partners fully exited Tiffany & Co. in Q2 2019, selling an estimated $93.6M.
- Jana Partners's ten largest holdings make up 100% of its $1.2B portfolio in Q2 2019.
- Jana Partners opened 2 new positions and closed 1 in Q2 2019.
- Jana Partners's portfolio value rose 14% quarter-over-quarter to $1.2B.
Based on Jana Partners's 13F filing for Q2 2019, filed 14 Aug 2019.