JANA Partners Shows Wall Street How It's Done With Prescient Trade

As noted earlier, Barry Rosenstein's JANA Partners hedge fund released its 13F for the quarter ended June 30, 2015 today. One trade that is sticking out to investors was the firm's new bet on Precision Castparts (NYSE: PCP).

Notably, Precision Castparts was acquired by Warren Buffett's Berkshire Hathaway on August 10th for $235 per share - likely reaping JANA a hefty windfall.

At the end of the quarter, JANA's 2,471,385 share stake was worth about $494 million, or $200 per share. Currently the same stake is worth another $31 per share, or $77 million.

It is unclear what JANA's cost basis was for the position, although during the quarter the high for the stock was around $220 per share and the low was around $200. It is also unclear if JANA remains a holder of the stock or if they cashed out following the announcement.

In addition to JANA's prescient trade on Precision Castpart, new trades in Mobileye (NYSE: MBLY) and Williams Cos. (NYSE: WMB) and raised stakes in Rackspace (NYSE: RAX), Lions Gate (NYSE: LGF) and Pinnacle Foods (NYSE: PF) are raising eyebrows among investors today.

The full break-down of JANA'S 13F is available to StreetInsider Premium clients here.

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