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Jana Partners LLC

SEC CIK
0001159159
Latest filing
Aug 14, 2023

The latest 13F from Jana Partners LLC covers Q2 2023 (filed Aug 14, 2023): 9 long positions worth $1.34B. The top 10 holdings make up 100.0% of the portfolio, and the largest is Freshpet, Inc. (FRPT) at 21.1%. Livermore has 12 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2023

Share counts compared with Q1 2023: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
1
Est. +$28.7M
Added
5
Est. +$113.7M
Reduced
2
Est. −$65.7M
Sold out
1
Est. −$4.32M

Top 5 holdings

Share of this quarter's portfolio value

  1. FRPTFreshpet, Inc.
    21.1%$282.3MHistory
  2. THSTreeHouse Foods, Inc.
    17.9%$239.5MHistory
  3. NEWRNew Relic, Inc.
    15.7%$210.2MHistory
  4. FISFidelity National Information Services, Inc.
    15.1%$202.1MHistory
  5. MRCYMercury Systems Inc
    11.4%$152.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. MRCYMercury Systems Inc
    +$83.1MAddedHistory
  2. LDOSLeidos Holdings, Inc.
    +$28.7MNewHistory
  3. FRPTFreshpet, Inc.
    +$18.1MAddedHistory
  4. FISFidelity National Information Services, Inc.
    +$11.7MAddedHistory
  5. EHABEnhabit, Inc.
    +$496.0KAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. MRCYMercury Systems Inc
    +3.65 pp7.7% → 11.4%History
  2. LDOSLeidos Holdings, Inc.
    +2.15 pp0.0% → 2.1%History
  3. FRPTFreshpet, Inc.
    +0.98 pp20.1% → 21.1%History
  4. FISFidelity National Information Services, Inc.
    +0.79 pp14.3% → 15.1%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. LHLabcorp Holdings Inc.
    −$63.3MReducedHistory
  2. BKSYBlackSky Technology Inc.
    −$4.32MSold outHistory
  3. SPYSPDR S&P 500 ETF Trust
    −$2.39MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. LHLabcorp Holdings Inc.
    −4.29 pp11.5% → 7.2%History
  2. BKSYBlackSky Technology Inc.
    −0.33 pp0.3% → 0.0%History

Metrics

13F metrics for Q2 2023, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.34B
+$17.1M (+1.3%) vs. prior quarter
Positions
9
0 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
5.3%
Q2 2023, one quarter
Average holding period
6.5 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

10 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.54B (Q1 2022)

Q1 2021: $1.48BQ2 2021: $1.21BQ3 2021: $1.28BQ4 2021: $1.47BQ1 2022: $1.54BQ2 2022: $1.16BQ3 2022: $1.15BQ4 2022: $1.22BQ1 2023: $1.32BQ2 2023: $1.34B
Q1 2021Q2 2023
13F filings of Jana Partners LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2023Aug 14, 20239$1.34BFRPTTHSNEWRvs. Q1 2023SEC
Q1 2023May 15, 20239$1.32BFRPTNEWRTHSvs. Q4 2022SEC
Q4 2022Feb 14, 202310$1.22BTHSFRPTNEWRvs. Q3 2022SEC
Q3 2022Nov 14, 202210$1.15BFRPTNEWRTHSvs. Q2 2022SEC
Q2 2022Aug 15, 20228$1.16BTHSMRCYLHvs. Q1 2022SEC
Q1 2022Jun 10, 2022Amended9$1.54BZENCAGMRCYvs. Q4 2021SECSEC
Q4 2021Feb 14, 202210$1.47BCAGZENTHSvs. Q3 2021SEC
Q3 2021Dec 27, 2021Amended11$1.28BCAGTHSVonage Holdings Corpvs. Q2 2021SECSEC
Q2 2021Aug 16, 20218$1.21BCAGTHSLHvs. Q1 2021SEC
Q1 2021May 17, 20218$1.48BCAGLHPerspecta Inc–SEC

13D and 13G filings

Companies where Jana Partners LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Jana Partners LLC does not currently report owning 5% or more of any company.

Latest filings

25 filings on file made by Jana Partners LLC or listing it as a reporting person; the latest 20 are shown.

Schedule 13D and 13G filings by Jana Partners LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
FRPTFreshpet, Inc.Aug 23, 202313D/AOld format–––SEC
FRPTFreshpet, Inc.Aug 9, 202313D/AOld format–––SEC
MRCYMercury Systems IncJul 6, 202313DOld format–––SEC
FRPTFreshpet, Inc.Jun 1, 202313D/AOld format–––SEC
FRPTFreshpet, Inc.May 30, 202313D/AOld format–––SEC
FRPTFreshpet, Inc.May 25, 202313D/AOld format–––SEC
FRPTFreshpet, Inc.May 24, 202313D/AOld format–––SEC
MRCYMercury Systems IncFeb 3, 202313D/AOld format–––SEC
FRPTFreshpet, Inc.Dec 15, 202213D/AOld format–––SEC
FRPTFreshpet, Inc.Dec 9, 202213D/AOld format–––SEC
NEWRNew Relic, Inc.Nov 17, 202213D/AOld format–––SEC
FRPTFreshpet, Inc.Sep 22, 202213DOld format–New–SEC
MRCYMercury Systems IncJun 27, 202213D/AOld format–––SEC
NEWRNew Relic, Inc.Jun 21, 202213DOld format–New–SEC
THSTreeHouse Foods, Inc.Apr 12, 202213D/AOld format–––SEC
THSTreeHouse Foods, Inc.Jan 28, 202213D/AOld format–––SEC
THSTreeHouse Foods, Inc.Dec 30, 202113D/AOld format–––SEC
THSTreeHouse Foods, Inc.Dec 30, 202113D/AOld format–––SEC
MRCYMercury Systems IncDec 23, 202113DOld format–New–SEC
THSTreeHouse Foods, Inc.Aug 31, 202113D/AOld format–––SEC