Jana Partners Boosts Stake in Health Net (HNT) to 6.2%

July 14, 2008 5:49 PM EDT

In a 13G filing on Health Net (NYSE: HNT), Jana Partners disclosed a 6.2% stake (6,638,168 shares) in the company. This is up from the 2,123,262 share stake held at the quarter ended 3/31/08.

Health Net, Inc., through its subsidiaries, delivers managed health care services through health plans and government sponsored managed care plans.

JANA Partners LLC is New York based hedge fund with about $8 billion in assets. The fund launched in April 2001 and is managed by founder Barry Rosenstein. The company primarily invests in the United States public equity markets and uses activist strategies, a market neutral strategy, a long/short equity strategy, and a risk arbitrage strategy while making investments.


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