Jana Partners Gains 6.7%, Greenlight Capital Up 3.8% in February

Mar 3 2015 | 4:07pm ET

Jana Partners' flagship fund returned 6.7% in February. The hedge fund joins Greenlight Capital, Third Point, and Pershing Square Capital as firms that enjoyed a solid February.

The gain comes after the hedge fund reported a 4.6% decline in January, according to Reuters. The fund is up 1.8% so far this year.

According to its most recent 13F in December, the firm maintains large positions in Walgreens Boots Alliance, Hertz Global Holdings, and eBay. Just 10 days ago, the company also announced a 5.9% stake in Computer Sciences Corp. and said it is exploring the IT consultancy's "strategic alternatives."

A number of hedge funds saw stronger February returns after a troubled start in 2015. 

David Einhorn's Greenlight Capital rose 3.8% percent in February. In a recent 13F the firm said its equity portfolio had a market value of around $7.52 billion in the fourth quarter. The fund recently added positions in Time Warner and Yahoo, while cutting back on Apple and Marvell. The firm also took a $150 million position in Chicago Bridge & Iron Co. in the fourth quarter. The stock was up more than 28% for the month of February.

Daniel Loeb's Third Point rose 4.8% in February, beating back concerns after a volatile January. His firm slipped 2.5% in January, although the figure was still better than the -3% tallied by the S&P 500. 

Bill Ackman's Pershing Square Capital Management was up 5.6% over the first three weeks of February, according to Reuters.


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