Jana Partners, the hedge-fund firm run by Barry Rosenstein, saw the value of its U.S. public equity holdings increase by $2.2 billion last quarter to almost $11.5 billion.
Jana took new stakes in companies including United Rentals Inc., Brookdale Senior Living Inc., Lions Gate Entertainment Corp. and Starwood Hotels & Resorts Worldwide Inc. with a combined market value of more than $1.2 billion as of March 31, according to a regulatory filing today.
Brookdale rose 3.3 percent to $37.20 at 12:51 p.m. in New York after the filing. Glenview Capital Management, another hedge fund, is the largest shareholder in Brentwood, Tennessee-based Brookdale. Other hedge funds that reported owning the stock at the end of March include Scopia Capital Management and Tourbillon Capital Partners.
Jana’s increase in stock value was largely driven by additions in information technology companies. The New York-based firm focuses on event-driven strategies, buying stakes in companies and urging management to make changes to boost share prices. It added to positions in EBay Inc. and Qualcomm Inc., which was the largest holding at the end of last quarter.
Charles Penner, a partner at Jana, declined to comment on the filing.
Jana told clients in March that it sold a 20 percent stake in its firm to a private equity fund run by Neuberger Berman Group.
Money managers who oversee more than $100 million in U.S. equities must file a Form 13F within 45 days of the end of each quarter to list their holdings in stocks that trade on U.S. exchanges, as well as options and convertible debt. Hedge funds are lightly regulated pools of capital whose managers can invest in any asset and share in annual profits.