JANA PARTNERS LLC's Q3 2018 13F: 17 new positions, 18 exits
Form 13F-HR for the quarter ended Sep 30, 2018 · filed Nov 14, 2018 · 44 reported positions · accession 0000902664-18-004077
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | FACEBOOK INC (META) | 3.7% | — | −3.7 pts | −651K sh | −100% |
| New | EXACT SCIENCES CORP (EXAS) | — | 3.1% | +3.1 pts | +1.16M sh | new |
| Reduced | AUTODESK INC (ADSK) | 3.4% | 1.9% | −1.5 pts | −526K sh | −59% |
| Reduced | TIFFANY & CO NEW (TIF) | 6.8% | 4.9% | −1.9 pts | −626K sh | −36% |
| New | KEURIG DR PEPPER INC (KDP) | — | 2.5% | +2.5 pts | +3.25M sh | new |
| Reduced | ANTHEM INC (ELV) | 3.8% | 2.6% | −1.2 pts | −260K sh | −48% |
| Exited | WELLS FARGO CO NEW (WFC) | 1.9% | — | −1.9 pts | −1.15M sh | −100% |
| Reduced | ZIMMER BIOMET HLDGS INC (ZBH) | 9.3% | 10.8% | +1.5 pts | −408K sh | −14% |
| Increased | CONAGRA BRANDS INC (CAG) | 3.9% | 5.9% | +2.0 pts | +1.4M sh | +37% |
| Reduced | MICROSOFT CORP (MSFT) | 2.2% | 1.3% | −0.9 pts | −408K sh | −55% |
| Reduced | BOSTON SCIENTIFIC CORP (BSX) | 3.0% | 2.6% | −0.5 pts | −1.16M sh | −37% |
| Exited | ALPHABET INC (GOOGL) | 1.5% | — | −1.5 pts | −44,438 sh | −100% |
| Reduced | DXC TECHNOLOGY CO (DXC) | 1.5% | 0.6% | −0.9 pts | −438K sh | −69% |
| Reduced | HD SUPPLY HLDGS INC (HDS) | 8.7% | 8.7% | 0.0 pts | −861K sh | −13% |
| New | HAIN CELESTIAL GROUP INC (HAIN) | — | 1.2% | +1.2 pts | +1.33M sh | new |
| New | DOLLAR TREE INC (DLTR) | — | 1.0% | +1.0 pts | +375K sh | new |
| Reduced | PINNACLE FOODS INC DEL (PF) | 19.6% | 21.3% | +1.8 pts | −466K sh | −5% |
| Reduced | AGILENT TECHNOLOGIES INC (A) | 2.2% | 1.9% | −0.3 pts | −410K sh | −34% |
| New | FALCON MINERALS CORP | — | 0.9% | +0.9 pts | +4.59M sh | new |
| Reduced | JACK IN THE BOX INC (JACK) | 5.1% | 4.9% | −0.2 pts | −315K sh | −15% |
| Exited | OSPREY ENERGY ACQUISITION CO (OSPRU) | 0.8% | — | −0.8 pts | −2.5M sh | −100% |
| Exited | RPM INTL INC (RPM) | 0.6% | — | −0.6 pts | −373K sh | −100% |
| Exited | SELECT SECTOR SPDR TR (XLI) | 0.6% | — | −0.6 pts | −279K sh | −100% |
| Reduced | ALIBABA GROUP HLDG LTD (BABA) | 2.4% | 1.9% | −0.5 pts | −91,424 sh | −21% |
| New | SERVICEMASTER GLOBAL HLDGS I (SERV) | — | 0.5% | +0.5 pts | +242K sh | new |
| Increased | VANECK VECTORS ETF TR (GDX) | 0.1% | 0.6% | +0.5 pts | +809K sh | +449% |
| Reduced | ZAYO GROUP HLDGS INC (ZAYO) | 2.2% | 2.0% | −0.3 pts | −414K sh | −20% |
| Reduced | FIRST DATA CORP NEW (FDC) | 2.1% | 2.3% | +0.2 pts | −587K sh | −17% |
| Reduced | GENERAL MTRS CO (GM) | 0.7% | 0.3% | −0.4 pts | −357K sh | −56% |
| Exited | GRUBHUB INC (GRUB) | 0.4% | — | −0.4 pts | −122K sh | −100% |
| Exited | LAM RESEARCH CORP (LRCX) | 0.4% | — | −0.4 pts | −71,584 sh | −100% |
| New | FARFETCH LTD (FTCHF) | — | 0.4% | +0.4 pts | +393K sh | new |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 2.4% | 2.6% | +0.2 pts | −34,916 sh | −11% |
| New | ISHARES TR (IWM) | — | 0.3% | +0.3 pts | +59,850 sh | new |
| New | ISHARES TR (TLT) | — | 0.3% | +0.3 pts | +85,073 sh | new |
| New | CARVANA CO (CVNA) | — | 0.3% | +0.3 pts | +148K sh | new |
| Increased | SPDR INDEX SHS FDS (FEZ) | 0.1% | 0.4% | +0.3 pts | +200K sh | +267% |
| Exited | ALTICE USA INC (OPTU) | 0.2% | — | −0.2 pts | −468K sh | −100% |
| New | ISHARES INC (EWJ) | — | 0.2% | +0.2 pts | +112K sh | new |
| Exited | ISHARES TR (IWD) | 0.2% | — | −0.2 pts | −58,569 sh | −100% |
| New | NEW ORIENTAL ED & TECH GRP I (EDU) | — | 0.2% | +0.2 pts | +78,386 sh | new |
| New | SVMK INC (SVMK) | — | 0.2% | +0.2 pts | +316K sh | new |
| Exited | AUTOMATIC DATA PROCESSING IN (ADP) | 0.2% | — | −0.2 pts | −42,800 sh | −100% |
| Exited | BRIGHTVIEW HLDGS INC (BV) | 0.2% | — | −0.2 pts | −252K sh | −100% |
| Increased | ELECTRONIC ARTS INC (EA) | 2.6% | 2.7% | +0.1 pts | +34,806 sh | +6% |
| Increased | ADOBE SYS INC (ADBE) | 1.4% | 2.0% | +0.5 pts | +15,088 sh | +8% |
| Exited | GREENSKY INC (GSKY) | 0.1% | — | −0.1 pts | −189K sh | −100% |
| Reduced | SELECT SECTOR SPDR TR (XLF) | 0.1% | 0.1% | −0.1 pts | −111K sh | −60% |
| New | ARLO TECHNOLOGIES INC (ARLO) | — | 0.1% | +0.1 pts | +206K sh | new |
| New | ZOETIS INC (ZTS) | — | 0.1% | +0.1 pts | +32,000 sh | new |
The 50 largest of 62 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 67.6% of the equity book
Changes in the top 10 this quarter: EXAS entered · EA entered · SPY entered · META left · ADSK left · BSX left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | PINNACLE FOODS INC DEL (PF) | 19.6% | 21.3% | |
| 2 | ZIMMER BIOMET HLDGS INC (ZBH) | 9.3% | 10.8% | |
| 3 | HD SUPPLY HLDGS INC (HDS) | 8.7% | 8.7% | |
| 4 | CONAGRA BRANDS INC (CAG) | 3.9% | 5.9% | |
| 5 | TIFFANY & CO NEW (TIF) | 6.8% | 4.9% | |
| 6 | JACK IN THE BOX INC (JACK) | 5.1% | 4.9% | |
| 7 | EXACT SCIENCES CORP (EXAS) | 0.0% | 3.1% | Entered the top 10 |
| 8 | ELECTRONIC ARTS INC (EA) | 2.6% | 2.7% | Entered the top 10 |
| 9 | SPDR S&P 500 ETF TR (SPY) | 2.4% | 2.6% | Entered the top 10 |
| 10 | ANTHEM INC (ELV) | 3.8% | 2.6% | |
| — | FACEBOOK INC (META) | 3.7% | 0.0% | Left the top 10 |
| — | AUTODESK INC (ADSK) | 3.4% | 1.9% | Left the top 10 |
| — | BOSTON SCIENTIFIC CORP (BSX) | 3.0% | 2.6% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | DR PEPPER SNAPPLE GROUP INC (DPS) | Call | 2.3M | 0 | $0 |
| New | SPDR S&P 500 ETF TR (SPY) | Call | 0 | 500K | $145M |
| Reduced | INVESCO QQQ TR (QQQ) | Put | 375K | 50,000 | $9.29M |
| New | ISHARES TR (EEM) | Call | 0 | 1.2M | $51.5M |
| New | SPDR SERIES TRUST (XME) | Call | 0 | 1.35M | $46.1M |
| Increased | VANECK VECTORS ETF TR (GDX) | Call | 250K | 1.67M | $30.9M |
| New | ISHARES TR (FXI) | Call | 0 | 200K | $8.56M |
| New | SELECT SECTOR SPDR TR (XLF) | Call | 0 | 250K | $6.9M |