JP
Jana Partners LLC Historical SEC 13F Holdings & Archive (Q2 2023)
Jana Partners LLCCIK: 0001159159
Long-term holder
Total reported value
$1.3B
Reporting period: 2023-06-30 · Number of holdings: 9
JANA PARTNERS LLC disclosed 9 holdings in its latest 13F filing for the period ending 2023-06-30, with total reported value of $1.3B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 0
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 0
- Diversification
- 18
- Sizing Uniformity
- —
Sector classification currently covers about 50% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim 50540R409
-39.5% -$55.4M
Add MRCY
+120.5% $50.1M
Trim NEWREUR
0.0% -$31.6M
New buy LDOS
Add FRPT
+6.9% $16.6M
Add FIS
+6.2% $13.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | FRPT | Freshpet Inc | Stock-Consumer Staples | 21.09% | +0.98% | +6.86% | |
| 2 | THS | Treehouse Foods Inc | Stock-Other | 17.90% | -0.22% | +0.13% | |
| 3 | NEWREUR | New Relic Inc | Stock-Other | 15.71% | -2.60% | — | |
| 4 | FIS | Fidelity National Info Serv | Stock-Tech | 15.10% | +0.79% | +6.16% | |
| 5 | MRCY | Mercury Systems Inc | Stock-Industrials | 11.36% | +3.65% | +120.46% | |
| 6 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 7.32% | +0.30% | -2.38% | |
| 7 | ✓ | Laboratory Corp. of America | Stock-Other | 7.25% | -4.29% | -39.50% | |
| 8 | LDOS | Leidos Holdings Inc | Stock-Tech | 2.15% | +2.15% | NEW | |
| 9 | EHABUSD | Enhabit Inc | Stock-Other | 2.13% | -0.43% | +1.77% |
Portfolio Performance
Performance for Q3 2026
-1.5%
Performance Last 4 Quarters
+7.8%
Based on 57% of reported portfolio value with available pricing
- Stdev
- +28.3%
- Beta
- +1.59
- Alpha
- -18.9%
- Max Drawdown
- -29.7%
- Annualized Perf
- +9.3%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +0.69
- Stutzer
- +0.13
- Treynor
- +0.08
- Sterling
- +0.34
- Calmar
- +0.31
- Information Ratio
- -0.34
- Tracking Error
- +20.9%
- Stdev Down
- +18.6%
- Winning Months %
- +58.3%
- Losing Months %
- +41.7%
- Best 12 Months
- +74.1%
- Worst 12 Months
- -24.3%
- Efficiency Ratio
- +0.14
- Sharpe
- +0.45
- Stdev Sectors
- +8.1%
- Skewness
- -0.32
- Kurtosis
- +0.42
- Upside Potential
- +2.33
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2023 Q2 | 9 | $1.3B | 0 | ||
| 2023 Q1 | 9 | $1.3B | 0 | ||
| 2022 Q4 | 10 | $1.2B | 0 | ||
| 2022 Q3 | 11 | $1.2B | 0 | ||
| 2022 Q2 | 8 | $1.2B | 0 | ||
| 2022 Q1 | 8 | $1.5B | 0 | ||
| 2021 Q4 | 12 | $1.5B | 0 | ||
| 2021 Q3 | 10 | $1.2B | 0 | ||
| 2021 Q2 | 8 | $1.2B | 100 | ||
| 2021 Q1 | 8 | $1.5B | 50 | ||
| 2020 Q4 | 11 | $1.5B | 52 | ||
| 2020 Q3 | 10 | $1.1B | 37 | ||
| 2020 Q2 | 9 | $1.1B | 100 | ||
| 2020 Q1 | 10 | $784.4M | 0 | ||
| 2019 Q4 | 10 | $1.2B | 25 | ||
| 2019 Q3 | 10 | $1.2B | 38 | ||
| 2019 Q2 | 10 | $1.2B | 45 | ||
| 2019 Q1 | 9 | $1.0B | 86 | ||
| 2018 Q4 | 36 | $2.2B | 72 | ||
| 2018 Q3 | 53 | $3.3B | 54 | ||
| 2018 Q2 | 50 | $3.8B | 61 | ||
| 2018 Q1 | 43 | $3.4B | 90 | ||
| 2017 Q4 | 33 | $3.8B | 100 | ||
| 2017 Q3 | 37 | $4.8B | 0 | ||
| 2017 Q2 | 46 | $7.0B | 83 | ||
| 2017 Q1 | 51 | $5.4B | 100 | ||
| 2016 Q4 | 45 | $5.7B | 82 | ||
| 2016 Q3 | 49 | $5.7B | 85 | ||
| 2016 Q2 | 37 | $5.9B | 98 | ||
| 2016 Q1 | 29 | $5.3B | 75 | ||
| 2015 Q4 | 33 | $7.1B | 77 | ||
| 2015 Q3 | 31 | $8.9B | 90 | ||
| 2015 Q2 | 41 | $16.8B | 61 | ||
| 2015 Q1 | 49 | $17.2B | 100 | ||
| 2014 Q4 | 31 | $10.7B | 0 | ||
| 2014 Q3 | 80 | $19.3B | 72 | ||
| 2014 Q2 | 65 | $16.2B | 100 | ||
| 2014 Q1 | 51 | $8.5B | 78 | ||
| 2013 Q4 | 45 | $7.9B | 93 | ||
| 2013 Q3 | 44 | $8.7B | 75 | ||
| 2013 Q2 | 43 | $7.1B | 0 |
Holding changes this quarter
Jana Partners LLC's most significant position changes for 2023-06-30: New buy: Leidos Holdings Inc (LDOS); Sold out: BlackSky Technology Inc. (BKSY); Trim: Laboratory Corp. of America — shares -39.50%; Add: Mercury Systems Inc (MRCY) — shares +120.46%; Add: Freshpet Inc (FRPT) — shares +6.86%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MRCY | Mercury Systems Inc | +3.7% | +120.46% | Add |
| 2 | LDOS | Leidos Holdings Inc | +2.2% | NEW | New buy |
| 3 | FRPT | Freshpet Inc | +1% | +6.86% | Add |
| 4 | FIS | Fidelity National Info Serv | +0.8% | +6.16% | Add |
| 5 | SPY | Ss Spdr S&p 500 ETF Trust-us | +0.3% | -2.38% | Trim |
| 6 | THS | Treehouse Foods Inc | -0.2% | +0.13% | Add |
| 7 | BKSY | BlackSky Technology Inc. | -0.3% | EXIT | Sold out |
| 8 | EHABUSD | Enhabit Inc | -0.4% | +1.77% | Add |
| 9 | NEWREUR | New Relic Inc | -2.6% | — | Unchanged |
| 10 | ✓ | Laboratory Corp. of America | -4.3% | -39.50% | Trim |
Filing History
FAQ
What is Jana Partners LLC and what type of investor is it?
Jana Partners LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2023-06-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 9 disclosed positions.
What are Jana Partners LLC's largest equity positions?
Based on the latest 13F filing, Jana Partners LLC's top holdings by market value are:
1. Freshpet Inc (FRPT) — $282.3M (21.1%)
2. Treehouse Foods Inc (THS) — $239.5M (17.9%)
3. New Relic Inc (NEWREUR) — $210.2M (15.7%)
4. Fidelity National Info Serv (FIS) — $202.1M (15.1%)
5. Mercury Systems Inc (MRCY) — $152.0M (11.4%)
What changes did Jana Partners LLC make in its most recent portfolio filing?
In the latest reported quarter, Jana Partners LLC made 9 notable position adjustments: 1 new positions were initiated, 5 existing holdings were added to, 2 positions were partially reduced, and 1 were completely exited. The largest of these moves: New buy: Leidos Holdings Inc (LDOS); Sold out: BlackSky Technology Inc. (BKSY); Trim: Laboratory Corp. of America — shares -39.50%; Add: Mercury Systems Inc (MRCY) — shares +120.46%; Add: Freshpet Inc (FRPT) — shares +6.86%
What sectors does Jana Partners LLC focus on?
Jana Partners LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Staples: 42.4%
• Information Technology: 34.7%
• Industrials: 22.9%
Investment Profile
Jana Partners LLC returned an annualized 9.3% over the trailing 36 months — underperforming the S&P 500 by 18.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.59 (more volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 42.4% of the portfolio concentrated in Consumer Staples.
Its concentration score has fallen from 63 to 0 over the past 4 quarters — a shift toward broader diversification.
It has added to its FRPT position over the past two quarters (+$63.6M, now $282.3M), while trimming Laboratory Corp. of America over the same stretch (-$78.4M, still holding $97.0M).
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