Jana Sells Out of Valeant as Firm Adds Alphabet, Stericycle

  • Sometime-activist fund bought into 15 new companies in 1Q
  • Jana sold out of 19 companies in the first quarter, 13F shows

Jana Partners, the sometime-activist hedge fund founded by Barry Rosenstein, exited Valeant Pharmaceuticals International Inc. in the first quarter, as it added new stakes in Google parent Alphabet Inc. and medical waste manager Stericycle Inc.

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