Market Overview

Rosenstein Hedge Fund Value Doubles In Q2; Picks Up FMC, CBS

Related APA
Oil Prices Under $50 Puts $1.5 Trillion In Projects At Risk
Morgan Stanley Rethinks E&P Stocks, Slashes Estimates For Crude Oil
5 Stocks Growing Book Value but Getting Cheaper (GuruFocus)
Related FMC
Jefferies Is Playing The Chemical Sector, But Sees 'More Murk Likely'
Benzinga's Top Upgrades

Activist investor Barry Rosenstein's Jana Partners hedge fund roughly doubled in value during the second quarter to $16.16 billion according to its latest filing.

New holdings of the fund include Apache (NYSE: APA) disclosed in July. Rosenstein said recently he's "in discussions" with Apache's management, urging them to divest international oil operations.

Also new to Rosenstein's portfolio: 4.4 million shares of FMC Corp. (NYSE: FMC). Shares of the chemical concern jumped two percent Friday to $66 a share.

CBS (NYSE: CBS) made a new appearance in the portfolio, with Rosenstein acquiring four million shares. CBS was unchanged Thursday at $57.70.

Rosenstein also added Equity Commonwealth (NYSE: EQC), acquiring 5.5 million shares of the real estate investment trust. Equity shares were up 0.26 percent Thursday.

The filing also revealed a big addition to Rosenstein's position in Hertz Global (NYSE: HTZ) to 5.9 million shares, up from 125,000.

Hertz was up recently 1.3 percent to $29.34 a share.

Posted-In: Rosenstein Hedge FundNews Hedge Funds General


Related Articles (APA + CBS)

View Comments and Join the Discussion!

Get Benzinga's Newsletters