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Must-know: JANA Partners’ positions in 2Q14

Smita Nair

Overview: JANA Partners' positions in 2Q14 (Part 1 of 6)

JANA Partners’ positions in 2Q14

Barry Rosenstein’s JANA Partners revealed new positions in 2Q14. JANA saw the value of its U.S. long portfolio surge from $8.5 billion in 1Q14 to $16 billion in 2Q14. In this series, we’ll go through the main positions that were traded in the second quarter.

New positions included FMC Corp. (FMC) and Charter Communications (CHTR). The quarter also saw the fund taking activist positions in Apache Corp. (or APA) and PetSmart (or PETM). The details of the activist positions are discussed on the Market Realist website under Overview: JANA’s activist position in Apache Corp and Why JANA Partners discloses activist position in PetSmart. The third activist position was initiated in Civeo. You can read more about this under Why JANA Partners reveals activist position in Civeo.

JANA sold its positions in SiriusXM (SIRI), Juniper Networks (JNPR), and Golar LNG (GLNG). Other notable exits were positions in Outerwall (or OUTR) and Teva Pharmaceutical (or TEVA). Main position increases were in Actavis, American International Group, and Mallinckrodt. A Newswire report noted that the fund saw a 1.3% loss in July while the JANA Nirvana fund saw a 1.7% loss.

 

Continue to Part 2

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