JANA Partners Management, LP

CIK 1998597 · View on SEC EDGAR ↗

Portfolio value
$1.9B
#1,572 of 9,443 by 13F value · top 16.6%
Positions
10
As of
June 30, 2026

Portfolio value QoQ: +14.1% 13F does not disclose cash

Top 10 holdings weight
100.00%
Top 25 holdings weight
100.00%
Positions above 1%
10
Effective number of positions
7.1

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.5% Est. buys $44,616,756 · sells $90,276,974

Median holding: 4.0 quarters Tracked Q4 2024–Q2 2026 · 55.6% still held

New positions
0
Increased
5
Decreased
4
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+8.5%
S&P 500 total return (same window)
+28.1%
Excess return
-19.6%

Annualized: +5.6% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 93.1% · Options excluded: 1.0%

Sector breakdown

Industrials
25.5%
Health Care
13.5%
Technology
13.4%
Consumer Staples
12.2%
Financial Services
9.4%
Financials
7.9%
Consumer Discretionary
4.6%
Other/Unmapped
13.5%

Full portfolio 10 positions

Type Streak 8Q trend
MRCY Mercury Systems Inc - Common Stock $484,285,998 25.46% 3,958,849 $184,813,714 Down ×5
COO The Cooper Companies, Inc. - Common Stock $256,899,641 13.50% 3,582,480 $1,990,844 Up ×3
SPY SPY $256,115,973 13.46% 342,965 $32,616,877 Down ×2
LW Lamb Weston Holdings, Inc. Common Stock $232,940,339 12.25% 5,394,635 $21,275,424 Up ×1
FISV Fiserv, Inc. - Common Stock $179,625,024 9.44% 3,662,080 $-67,881,735 Down ×1
MKL Markel Group Inc. Common Stock $149,879,846 7.88% 76,743 $5,736,977 Up ×1
ALKT Alkami Technology, Inc. - Common Stock $122,268,451 6.43% 6,747,707 $37,158,601 Up ×3
FUN Six Flags Entertainment Corporation Common Stock New $87,672,909 4.61% 4,116,099 $14,612,152
PSTG Everpure, Inc. Class A common stock $77,938,753 4.10% 989,196 $16,401,597 Down ×1
RPD Rapid7, Inc. - Common Stock $54,674,482 2.87% 6,749,936 $17,516,954 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
COO $256,899,641 13.50% up ×3
ALKT $122,268,451 6.43% up ×3

Top movers (QoQ)

Security Action Shares Δ Value Δ
MRCY Trimmed -149K +$184.8M
FISV Trimmed -774K -$67.9M
ALKT Bought more +1.3M +$37.2M
SPY Trimmed -700 +$32.6M
LW Bought more +386K +$21.3M
RPD Bought more +6K +$17.5M
PSTG Trimmed -53K +$16.4M
FUN Price move only +0 +$14.6M
MKL Bought more +1K +$5.7M
COO Bought more +17K +$2.0M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
TRMB Dec. 31, 2025 1,881,399 $153,616,228 -24.0%
THS March 31, 2026 5,821,337 $137,325,340 No longer tracked
FIS June 30, 2025 496,895 $37,108,119 -49.9%
FRPT March 31, 2026 557,390 $33,961,773 24.9%
WOLF March 31, 2025 4,988,216 $33,221,519
EHAB June 30, 2026 2,090,412 $29,453,905 No longer tracked
WEX Sept. 30, 2025 164,029 $24,094,220 24.6%