Jana Partners, the hedge fund ran by Barry Rosenstein, has filed an amended 13D with the SEC and has disclosed a 4.6% ownership stake in Copart (CPRT). The 13D was filed due to its activity on December 5, 2008. It has decreased its position to 3,864,494 shares. as of its last 13F filing (which shows positions as of September 30, 2008), it owned 6,934,187 shares. *Second Update: Since filing this latest amended 13D, Jana has also filed a Form 4 with the SEC disclosing that it had sold an additional 13,150 shares of CPRT at a price of $26.89 on January 13.
Taken from Google Finance:
Copart is a provider of vehicle remarketing services in United States, Canada and United Kingdom. The Company provides vehicle sellers with a range of remarketing services to process and sell vehicles over the Internet through the Company’s Virtual Bidding Second Generation Internet auction-style sales technology, which it refers to as VB2. The Company sells principally to licensed vehicle dismantlers, rebuilders, repair licensees, used vehicle dealers and exporters and, at certain locations, it sells directly to the general public.
Jana has also filed an amended 13G with the SEC and has disclosed an 8.11% ownership stake in American Italian Pasta (AIPC). The 13G was filed due to its activity on November 30, 2008.. It had previously owned 3,026,223 shares back on September 30, 2008, and has decreased its position to 1,575,000 shares. You can view the rest of Jana Partners' portfolio holdings here.
Taken from Google Finance:
American Italian Pasta Company is a producer and marketer of dry pasta in North America.
Run by Barry Rosenstein, Jana was recently ranked 79th in Alpha's Hedge Fund Rankings. Jana was founded in 2001 and typically employs activist, market neutral, and long/short equity strategies in public equity markets. Rosenstein received his BS from Lehigh University and his MBA from the Wharton School of Business at the University of Pennsylvania. Jana has returned 20.9% each year annualized from 2001 until 2007. Rosenstein sees Jana's future in a strategy that uses management adjustments to force change at companies, which in turn can send shares higher.
