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.

In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...


CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Saxby: Not All EBITDA Is Created Equal

Nov 30 2017 | 8:02pm ET

Record levels of dry powder are driving competition among private equity firms to...