Jana Partners
49740 views
Rate Now:
average rating: 3.61 / 105 ratings
DESCRIPTION:
Date updated:10-05-2008
New positions: OCR, ORCL, NOV, CPWR, MSFT, WYE, CMC, RAI, HNT
Jana Partners is a $5 billion dollar activist fund based in San Francisco. The fund, run by Barry Rosenstein, has a value-oriented and research-intensive approach to special situation public securities, capitalizing on the transactional legal and finance backgrounds of the prinicpals. It has core long and short positions in companies in which it constantly reviews strategic alternatives. It also invests in underfollowed orphan equities and other event-driven strategies.
Returns:
2003: +45%
2004: +26%
2005: +12%
2006: +16%
In a 2004 article about leadership in BizNewOrleans.com, Rosenstein talks about the Martha Stewart case and his own views on stress and management:
“For Rosenstein, who will also be a speaker at the April 9 conference, the Stewart story is but an extreme parable of what happens to business leaders who don’t know themselves as well as they should and who cannot get a grip on their ego and emotions. They fail.
His own attention to these issues began a dozen years ago when he was partially paralyzed after a wind-surfing accident and turned to Yoga in an effort to avoid radical spinal surgery. His physical recovery, he says, has been followed by a lifetime of mental and emotional benefits as he has continued to practice Yoga.
“I deal with stress a lot better,” Rosenstein says. “In my business, every day the market tells you if you are smart or stupid. You can lose a lot of money every day, and your emotional state can be easily affected. Now it doesn’t matter to me how we do. My emotional state stays [in a state of] equanimity. I find that very important. In the middle of the day, when sometimes things are very intense, I sit and stretch and meditate and it refreshes me.” In the evenings, he often spends time in a Yoga studio he has built at home.
What it has meant for his business and colleagues is this: Unlike the typical hedge fund, JANA Partners is a placid place. “I am not a screamer, I don’t put undue pressure on people, I create a congenial atmosphere and our investment process is consensual,” he says. In its three-year existence, there has been “zero turnover” among the 16 staff members.
The fund often presses its points of view vigorously on managements of companies it invests in, but never disrespectfully, Rosenstein says. “We have had a lot of success without ever having to be hostile.”
-
KBR
Kbr Inc - $15.03
- +2.52%
- $14.16
% of portfolio: 6.7%
-
CPRT
Copart Inc - $34.49
- +5.31%
- $31.71
% of portfolio: 4.7%
-
HES
Hess Cp - $52.92
- -1.08%
- $48.31
% of portfolio: 4.5%
-
APC
Anadarko Petroleu - $27.50
- -9.57%
- $27.11
% of portfolio: 4.4%
-
CTV
Commscope Inc - $22.30
- -9.31%
- $24.10
% of portfolio: 3.0%
-
OCR
Omnicare Inc - $22.97
- -2.83%
- $22.59
% of portfolio: 2.9%
-
ORCL
Oracle Corp - $16.68
- +2.90%
- $15.76
% of portfolio: 2.5%
-
NOV
Natl Oilwell Varc - $23.42
- -18.40%
- $25.12
% of portfolio: 2.5%
- Top Professional Portfolios
- 1. The Children's Investm...
- 2. Navellier & Associ...
- 3. Neuberger Berman Genes...
- 4. Joel Greenblatt
- 5. T. Rowe Price New Era ...
- show all
- Top Do-It-Yourself Portfolios
- » Blank
- » Drew's List
- » Robin Retirement
- » The Eagle's Nest
- » beech hill
- show all
- Most Viewed Portfolios
- » Warren Buffett
- » 10 Short Squeezes
- » George Soros
- » T. Boone Pickens - BP Cap...
- » Carl Icahn
- show all
Jim Cramer's Portfolios of the Week
Jim Cramer shocked the world on Monday when he went on NBC’s “Today Show” and told viewers that any money they anticipate needing in the next five years should be rem...
10.09.08 | 19:41 PM
Cramer's Take on Top-Searched St...
It's easy. Short the market and short some more on any bounce. That seems to be the way to play this market of late. Another vicious down move has left investors rattled...
10.09.08 | 19:29 PM
Three Almost-Free Stocks
By Stockpickr Guest Columnist Glen Bradford Ignorance must be bliss. I was just reading an article claiming that the most undervalued companies include UnitedHeal...
10.09.08 | 19:00 PM
Nebraska Stocks
more articles
Nebraska prides itself on having one of the lowest costs of living of the 50 states, having some of the cleanest air and water and being centrally located. It also boasts...
10.09.08 | 18:33 PM
General market Technical Analysi...
11.14.07 | 22:55 PM From author
ZackAttack
Capitulation?
10.11.08 | 13:24 PM From author
jim553
Cartoon Thread
11.15.07 | 20:31 PM From author
Peter near Matanzas Inlet
The Bull Market Is The Bear Market
more forums
03.10.08 | 19:20 PM From author
Ira Krakow
Q.
if the oppisite of pro is con, t...
10.11.08 | 19:48 PM Asked by
razors edge
Q.
whoa Dow can't seem to make its ...
06.30.08 | 15:28 PM Asked by
Xaviar
A. small trading before thrusday
today 's lists
Cramer Lightning Round - Oct. 8
These are the stocks from Cramer's Lightning Round for Oct. 8, 2008. We list the stocks on which he is BULLISH and BEARISH. more
TheStreet.com TV Videos - Oct. 1
These are some of the stocks mentioned today on TheStreet.com TV. Click the URL below each stock to watch the video. more
Stocks Most Likely to Surprise
This list consists of stocks that are down 10% or more in the last year but may be poised to surprise us on the upside going forward. The basis for the list is as follows: ... more
06/25/2007 14:10 PM CDT Asked by gschicago
#3 Altucher's Top 10 activist hedge funds