Jana Partners and Barry Rosenstein has dumped most of its Qualcomm (QCOM) stake. It owned ~28.5 million shares and dumped about two-thirds of its stake. It now owns 9.2 million shares.
This comes as the activist hedge fund was pushing Qualcomm to split into two companies. Qualcomm rebuffed and Jana is moving on. And likely cutting losses. Jana bought the bulk of its stake in 1Q 2014.
Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/12]
Simply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More
QCOM went from Jana’s no. 1 largest holding to no. 4.