Jana Partners adds stakes in Momentive, Freshpet, Enhabit in Q3, exits Conagra

Slaven Vlasic

• Activist investor Jana Partners took new stakes in Momentive Global (NASDAQ:MNTV), with 933K shares, Freshpet (NASDAQ:FRPT), with 4.27M shares, and health and hospice services provider Enhabit (NYSE:EHAB), with 1.96M shares, in Q3 2022. It exited its Conagra (NYSE:CAG) investment, according to the hedge fund's latest 13F filing submitted Monday.
• In September, the fund confirmed that it held a 9.6% stake in Freshpet (FRPT) and said it intended to hold talks with the company's management regarding its costs and operational capabilities.
• The company reduced its stakes in SPDR S&P 500 ETF (NYSEARCA:SPY) to ~153K shares from ~418K shares at June 30, 2022 and in Treehouse Foods (NYSE:THS) to ~4.75M shares from 5.13M at June 30, 2022.
• The firm increased its holdings in Mercury Systems (NASDAQ:MRCY) to 3.34M shares from 3.24M shares and in Laboratory Corp. of American Holdings (NYSE:LH) to 925K shares from 848K shares.
• Earlier, activist Jana takes stake in SurveyMonkey parent Momentive Global (MNTV).