Exploring Jana Partners (Trades, Portfolio)' Latest 13F Filing and Investment Strategy

• Warning! GuruFocus has detected 5 Warning Signs with LW.

Jana Partners (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2024, providing insights into its investment moves during this period. Jana Partners (Trades, Portfolio) LLC is an investment management firm founded in 2001 by Barry Rosenstein, Janas Managing Partner and Co-Portfolio Manager. The firm is headquartered in New York and follows a value-oriented, event-driven strategy. It applies a fundamental value discipline to identify undervalued companies that have one or more specific catalysts to unlock value. In certain cases, Jana can be the instrument for value creation by becoming an actively engaged shareholder. Jana invests both long and short and across the capital structure, including equity and debt.

Summary of New Buy

Jana Partners (Trades, Portfolio) added a total of 1 stock, among them:

• The most significant addition was Markel Group Inc (NYSE:MKL), with 108,926 shares, accounting for 9.25% of the portfolio and a total value of $188.03 million.

Key Position Increases

Jana Partners (Trades, Portfolio) also increased stakes in a total of 2 stocks, among them:

• The most notable increase was Lamb Weston Holdings Inc (NYSE:LW), with an additional 3,604,585 shares, bringing the total to 7,131,339 shares. This adjustment represents a significant 102.21% increase in share count, an 11.85% impact on the current portfolio, with a total value of $476,587,390.
• The second largest increase was Rapid7 Inc (NASDAQ:RPD), with an additional 34,589 shares, bringing the total to 3,690,129. This adjustment represents a significant 0.95% increase in share count, with a total value of $148,453,890.

Summary of Sold Out

Jana Partners (Trades, Portfolio) completely exited 2 holdings in the fourth quarter of 2024, as detailed below:

• Frontier Communications Parent Inc (NASDAQ:FYBR): Jana Partners (Trades, Portfolio) sold all 3,910,213 shares, resulting in a -7.21% impact on the portfolio.
• Fortrea Holdings Inc (NASDAQ:FTRE): Jana Partners (Trades, Portfolio) liquidated all 692,408 shares, causing a -0.72% impact on the portfolio.

Key Position Reduces

Jana Partners (Trades, Portfolio) also reduced positions in 4 stocks. The most significant changes include:

• Reduced Fidelity National Information Services Inc (NYSE:FIS) by 1,090,034 shares, resulting in a -68.69% decrease in shares and a -4.74% impact on the portfolio. The stock traded at an average price of $86.15 during the quarter and has returned -21.90% over the past 3 months and -14.82% year-to-date.
• Reduced Trimble Inc (NASDAQ:TRMB) by 702,856 shares, resulting in a -14.4% reduction in shares and a -2.27% impact on the portfolio. The stock traded at an average price of $68.1 during the quarter and has returned 5.06% over the past 3 months and 5.18% year-to-date.

Portfolio Overview

At the fourth quarter of 2024, Jana Partners (Trades, Portfolio)'s portfolio included 11 stocks, with top holdings including 23.44% in Lamb Weston Holdings Inc (NYSE:LW), 14.52% in Trimble Inc (NASDAQ:TRMB), 14.34% in Mercury Systems Inc (NASDAQ:MRCY), 12.37% in SPDR S&P 500 ETF Trust (SPY), and 9.25% in Markel Group Inc (NYSE:MKL).

The holdings are mainly concentrated in 5 of all the 11 industries: Consumer Defensive, Technology, Industrials, Financial Services, and Healthcare.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.