Jana Partners 13F annual report

Jana Partners is an investment fund managing more than $1.34 trillion ran by Jennifer Fanjiang. There are currently 9 companies in Mrs. Fanjiang’s portfolio. The largest investments include Freshpet Inc and Treehouse Foods Inc, together worth $522 billion.

$1.34 trillion Assets Under Management (AUM)

As of 7th August 2023, Jana Partners’s top holding is 4,289,586 shares of Freshpet Inc currently worth over $282 billion and making up 21.1% of the portfolio value. Relative to the number of outstanding shares of Freshpet Inc, Jana Partners owns less than approximately 0.1% of the company. In addition, the fund holds 4,753,914 shares of Treehouse Foods Inc worth $240 billion, whose value fell 0.5% in the past six months. The third-largest holding is New Relic Inc worth $210 billion and the next is Fidelity Natl Information Sv worth $202 billion, with 3,694,474 shares owned.

Currently, Jana Partners's portfolio is worth at least $1.34 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Jana Partners

The Jana Partners office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Jennifer Fanjiang serves as the Partner, Chief Legal Officer and Chief Compliance Officer at Jana Partners.

Recent trades

In the most recent 13F filing, Jana Partners revealed that it had opened a new position in Leidos Inc and bought 324,930 shares worth $28.7 billion. This means they effectively own approximately 0.1% of the company. Leidos Inc makes up 12.0% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Freshpet Inc by buying 275,374 additional shares. This makes their stake in Freshpet Inc total 4,289,586 shares worth $282 billion. Freshpet Inc dropped approximately 0.1% in the past year.

On the other hand, there are companies that Jana Partners is getting rid of from its portfolio. Jana Partners closed its position in Blacksky Technology Inc on 14th August 2023. It sold the previously owned 2,880,921 shares for $4.32 billion. Jennifer Fanjiang also disclosed a decreased stake in Spdr S&p 500 Etf Tr by approximately 0.1%. This leaves the value of the investment at $98 billion and 221,133 shares.

One of the largest hedge funds

The two most similar investment funds to Jana Partners are Steel Peak Wealth Management and Cambridge Associates MA adv. They manage $1.34 trillion and $1.34 trillion respectively.

Jennifer Fanjiang investment strategy

Jana Partners’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Consumer Staples — making up 39.0% of the total portfolio value. The fund focuses on investments in the United States as 44.4% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 11% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $4.95 billion.

The complete list of Jana Partners trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Freshpet Inc	6.86% 4,289,586	$282,297,655,000	21.09%
Treehouse Foods Inc	0.13% 4,753,914	$239,502,187,000	17.90%
New Relic Inc	No change 3,212,444	$210,222,335,000	15.71%
Fidelity Natl Information Sv	6.16% 3,694,474	$202,087,728,000	15.10%
Mercury Sys Inc	120.46% 4,394,641	$152,010,632,000	11.36%
Spdr S&p 500 Etf Tr	2.38% 221,133	$98,023,836,000	7.32%
Laboratory Corp Amer Hldgs	39.50% 401,935	$96,998,974,000	7.25%
Leidos Holdings Inc	Opened 324,930	$28,749,806,000	2.15%
Enhabit, Inc.	1.77% 2,474,398	$28,455,577,000	2.13%
Blacksky Technology Inc	Closed 2,880,921	$4,321,382,000
No transactions found
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