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Whole Foods Activist Jana Exits Stake With $300 Million Profit

  • Hedge fund says it no longer holds shares in the grocer
  • Amazon agreed to buy Whole Foods for $13.7 billion in June
Bloomberg business news

Why the Amazon-Whole Foods Deal Is a Game Changer

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The activist investor that Whole Foods Market Inc. Chief Executive Officer John Mackey labeled as “greedy bastards” has sold its stake in the grocer and made a profit of about $300 million in a matter of months.

Jana Partners sold about 26 million shares in Whole Foods over the past month for combined proceeds of about $1.1 billion, according to a regulatory filing Wednesday. The New York hedge fund, founded by Barry Rosenstein, began selling its shares in the supermarket chain on June 19.