JANA Partners: 13F holdings, Q2 2023
Activist · SEC EDGAR filings (CIK 0001159159) · Explore on the interactive board
JANA Partners disclosed 9 US equity positions worth $1.3bn in its Q2 2023 13F filing (holdings as of June 30, 2023, filed August 14, 2023). Its largest position is FRPT at 21.1% of the reported book, followed by THS, NEW RELIC INC. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 7 equal-weight positions. Versus the prior filing it opened 1 new position, added to 4, reduced 2 and exited 1. Note: this manager's most recent filing is 12 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does JANA Partners own? Top holdings as of June 30, 2023
Change is measured in shares against the previous filing (Q1 2023), so price moves do not read as decisions. This quarter: 1 new, 4 added, 2 reduced, 1 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | FRPT FRESHPET INC | Consumer Defensive | 21.1% | $282.3m | 4,289,586 | 7% | added |
| 2 | THS TREEHOUSE FOODS INC | 17.9% | $239.5m | 4,753,914 | 0% | held | |
| 3 | NEW RELIC INC | 15.7% | $210.2m | 3,212,444 | 0% | held | |
| 4 | FIS FIDELITY NATL INFORMATION SV | Technology | 15.1% | $202.1m | 3,694,474 | 6% | added |
| 5 | MRCY MERCURY SYS INC | Industrials | 11.4% | $152.0m | 4,394,641 | 120% | added |
| 6 | SPY SPDR S&P 500 ETF TR | 7.3% | $98.0m | 221,133 | -2% | reduced | |
| 7 | LABORATORY CORP AMER HLDGS | 7.2% | $97.0m | 401,935 | -39% | reduced | |
| 8 | LDOS LEIDOS HOLDINGS INC | Technology | 2.1% | $28.7m | 324,930 | – | new |
| 9 | ENHABIT INC | 2.1% | $28.5m | 2,474,398 | 2% | added |
What did JANA Partners sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| BKSY BLACKSKY TECHNOLOGY INC | 100.0% | $4.3m |
Sector mix
| Sector | Weight |
|---|---|
| Consumer Defensive | 21.1% |
| Technology | 17.2% |
| Industrials | 11.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
| Quarter | Positions | Equity value |
|---|---|---|
| Q2 2023 | 9 | $1.3bn |
| Q1 2023 | 9 | $1.3bn |
| Q4 2022 | 10 | $1.2bn |
| Q3 2022 | 10 | $1.2bn |
| Q2 2022 | 8 | $1.2bn |
| Q1 2022 | 9 | $1.5bn |
| Q4 2021 | 10 | $1.5bn |
| Q3 2021 | 11 | $1.3bn |
| Q2 2021 | 8 | $1.2bn |
| Q1 2021 | 8 | $1.5bn |
| Q4 2020 | 10 | $1.5bn |
| Q3 2020 | 9 | $1.1bn |
| Q2 2020 | 8 | $1.1bn |
| Q1 2020 | 10 | $857.1m |
| Q4 2019 | 9 | $1.2bn |
| Q3 2019 | 9 | $1.2bn |
Earliest filing: Q4 2002 · 83 quarters on file
How concentrated is JANA Partners's portfolio?
Across every quarter JANA Partners has filed, its median largest position is 14.5% of the book and its median top-ten weight is 67.6%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 1197 completed holding spells, the median lasted 1.0 quarters; 9 positions are still open and their final length is unknown.