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Market Overview

Jana Partners 13F Filing Shows Moves In Alibaba & Other Big Names

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In a 13F filing report on Friday, activist hedge fund Jana Partners reported all positions it held as of September 30, 2014.

Jana Partners closed out positions in the following:

Sold 200,000 shares of CBS Corporation (NYSE: CBS) class A shares and 4,127,149 shares of CBS Class B shares.

Sold 10,417,150 shares of SunEdison Inc (NYSE: SUNE).

Jana Partners initiated new positions in the following:

Bought 975,051 shares of Advanced Micro Devices. (NYSE: AMD)

Bought 300,000 shares of Alibaba Group Holding Ltd (NYSE: BABA)

Bought 2,765,800 shares of Amgen, Inc. (NASDAQ: AMGN)

Bought 8,058,007 shares of Dollar General Corp. (NYSE: DG)

Bought 842,268 shares of McDonald's Corporation (NYSE: MCD) in addition to 200,000 call options.

Bought 7,004,977 shares of Rackspace Hosting, Inc. (NYSE: RAX)

Bought 1,284,184 shares of Valeant Pharmaceuticals. (NYSE: VRX)

Other notable moves:

Jana Partners showed a one million share stake in eBay Inc (NASDAQ: EBAY) in its previous filling. Friday's report shows a stake of 13,063,122 shares in addition to over five million call options.

Jana Partners also increased its stake in Hertz Global Holdings, Inc. (NYSE: HTZ) to 10,077,326 shares (in addition to nearly nine million call options) from 5,922,764 (and no options) in its prior filling.

Jana Partners has publicly pressured PetSmart, Inc. (NASDAQ: PETM) to explore strategic actions including a sale of the company. The activist hedge fund may be putting additional pressure after disclosing 9,694,002 shares in PetSmart, compared to the 4,935,034 stake (and 4,573,700 call options) held as of the previous filing.

 

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Posted-In: 13F Alibaba AMD CBSNews Hedge Funds Legal General

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