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JANA Partners Management, LPtracked

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CIK 1998597

13F portfolio (2026-Q1)
$1.6B
Positions
10
Implied 1Y CAGR
+8.0%
modeled · as filed

Reported long US book (13F) · Δ vs 2025-Q4 · methodology

Implied return what this book implies methodology →

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As filed = each book applied at quarter-end (what it did) · As copyable = applied at the 45-day filing deadline (what a follower could have earned).

Computing…

Exposures · what it owns, by sector & size (2026-Q1)

Holdings
10
Top 5
77.0%
Top 10
100.0%
Effective N
7.4
HHI
0.134

By sector

Information Technology: 26.3%Financials: 24.4%Health Care: 15.9%Unclassified: 15.8%Consumer Staples: 13.2%Communication Services: 4.5%Sector
Information Technology26.3%
Financials24.4%
Health Care15.9%
Unclassified15.8%
Consumer Staples13.2%
Communication Services4.5%

By market cap

Large ($10–200B): 40.3%Mid ($2–10B): 37.1%Unknown: 15.8%Small ($300M–2B): 6.9%Size
Large ($10–200B)40.3%
Mid ($2–10B)37.1%
Unknown15.8%
Small ($300M–2B)6.9%

By region

North America: 84.2%Other: 15.8%Region
North America84.2%
Other15.8%

By industry group GICS — finer than sector

Industry groupWeightNames
Semiconductors & Semiconductor Equipment18.65%1
Health Care Equipment & Supplies15.87%1
Unclassified15.75%2
Commercial Services & Supplies15.41%1
Food Products13.18%1
Insurance8.98%1
Software7.61%2
Entertainment4.55%1

Top holdings

#TickerNameSectorWeight
1MRCYMERCURY SYSTEMS INCInformation Technology18.65%
2COOCOOPER COMPANIES, INC.Health Care15.87%
3FISVFISERV INCFinancials15.41%
4SPYSTATE STR SPDR S&P 500 ETF TUnclassified13.92%
5LWLamb Weston Holdings, Inc.Consumer Staples13.18%
6MKLMARKEL GROUP INC.Financials8.98%
7ALKTALKAMI TECHNOLOGY, INC.Information Technology5.30%
8FUNSix Flags Entertainment Corporation/NEWCommunication Services4.55%
9RPDRapid7, Inc.Information Technology2.31%
10EHABENHABIT INCUnclassified1.83%

8/10 classified; unclassified names are still shown.

Sector allocation over time · how the sector mix & top names shifted each quarter

top 5 per sector, the rest → “Other” · 11 quarters
0%25%50%75%100%2023202420252026MRCYTRMBRPDWOLFALKTOther Information TechnologyLWFRPTMKLFISFISVCOOQDELFTREFUNWEXSPYTHSFRONTIER COMMUNICATIONS PARENEWREHAB

Sector allocation over 11 reported quarters, 2023-Q3 to 2026-Q1, 21 bands (top holdings within each sector). Latest quarter 2026-Q1: MRCY 18.6%, COO 15.9%, FISV 15.4%, SPY 13.9%, LW 13.2%. Use the arrow keys to read a quarter.

Information TechnologyMRCY, TRMB, RPD, WOLF, ALKT · other
Consumer StaplesLW, FRPT
FinancialsMKL, FIS, FISV
Health CareCOO, QDEL, FTRE
Communication Services
Industrials
UnclassifiedSPY, THS, FRONTIER COMMUNICATIONS PARE, NEWR, EHAB

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 84.2% of the book is classified (unclassified names are still shown).

Style box · size × value-growth placement (2026-Q1), classified on today's fundamentals (not point-in-time) — load into PORT to overlay your own book

ValueCore (blend)GrowthSmallMidLarge2%18%24%16%
holdings, colored by sector (6 classified)JANA Partners Management, LP centroid (Small Core)
FinancialsHealth CareConsumer StaplesInformation Technology

Style box summary for JANA Partners Management, LP: centroid Small Core. Heaviest cells: Mid Value 24.4%, Small Growth 18.5%, Mid Core 15.9%.

Classified: 61.1% of book weight (6/10 names) · unclassified 38.9%.

Contribution holdings-based, any period

Attribution lands once this book has priced history across the window. Try a longer period.

Holdings· 10 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#SecuritySharesValueWeightΔ QoQ
1MRCYMERCURY SYS INC4,107,424$299M18.6%TRIM −17%
2COOCOOPER COS INC3,565,158$255M15.9%HOLD
3FISVFISERV INC4,435,605$248M15.4%ADD 98%
4SPYSTATE STR SPDR S&P 500 ETF T343,665$223M13.9%TRIM −12%
5LWLAMB WESTON HLDGS INC5,008,635$212M13.2%HOLD
6MKLMARKEL GROUP INC75,307$144M9.0%TRIM −7%
7ALKTALKAMI TECHNOLOGY INC5,431,388$85M5.3%ADD 11%
8FUNSIX FLAGS ENTERTAINMENT CORP4,116,099$73M4.5%HOLD
9RPDRAPID7 INC6,743,653$37M2.3%HOLD
10EHABENHABIT INC2,090,412$29M1.8%HOLD

Position trends· top 10 holdings · shares held over 6 quarters

green added · red trimmed
Security2024-Q42025-Q12025-Q22025-Q32025-Q42026-Q1Latest value
MRCYMERCURY SYS INC6.9M6.9M6.8M6.0M5.0M4.1M$299M
COOCOOPER COS INC2.4M3.5M3.6M$255M
FISVFISERV INC2.2M4.4M$248M
SPYSTATE STR SPDR S&P 500 ETF T429K540K513K387K391K344K$223M
LWLAMB WESTON HLDGS INC7.1M8.0M7.2M5.0M5.0M5.0M$212M
MKLMARKEL GROUP INC109K156K151K147K81K75K$144M
ALKTALKAMI TECHNOLOGY INC1.9M4.9M5.4M$85M
FUNSIX FLAGS ENTERTAINMENT CORP4.0M4.1M4.1M$73M
RPDRAPID7 INC3.7M4.1M5.7M6.5M6.7M6.7M$37M
EHABENHABIT INC2.1M2.1M2.1M2.1M2.1M2.1M$29M

Green = added, red = trimmed, grey = held; a dash is a quarter with no 13F on file — a gap, not an exit.

Related· where to look next

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Firm lineageForm ADV + cited

Where this firm's principals came from, and what its alumni went on to found.

joins filed 13F data only — no style, strategy or performance similarity is claimed · 13F 2026-Q1
Similar managers — “Similar” = same top sector (Information Technology) + closest 13F size, self excluded; NOT a style or performance match, and a filer whose real business is elsewhere (shorts, private, non-13F) can still surface.
Also hold MRCY — other Section 13(f) filers reporting a long position in this book's largest tickered holding for 2026-Q1. Lagged quarterly filings (up to 45 days after quarter-end); “% of shares out” is omitted where the reported share count can't carry it. Institutional 13F holdings sum to 108.6% of shares outstanding. Readings above 100% reflect securities-lending double counting: shares on loan to short sellers are reported long by both the lending institution and the one that bought them. FINRA short interest of 4,865,616 shares (settlement 2026-05-15) accounts for the excess.
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