Jana Partners Management announced one new stock added to its portfolio in the second quarter, and it happens to be growing in popularity as an AI and data center stock pick. The timing may have been just right, as Jana Partners already sits on a gain since its purchase.
• Everpure stock is showing upward bias. Where are P shares going?
Jana Partners Buys Everpure Stock
Everpure (NYSE:P) was added to the investment portfolio of Jana Partners in the second quarter, a fund known for activism and pushing for changes at companies.
Jana Partners bought 989,196 shares in the second quarter. The purchase made Everpure the ninth-largest stock held of 10 current positions as of the end of the quarter.
While it’s not a large stake, the starting position is something to watch from an investment firm known for its activism.
Everpure was previously known as Pure Storage and traded under the ticker PSTG before rebranding in March of this year. The company has evolved from being a flash hardware provider to now providing enterprise data platforms and cloud storage-as-a-service with a focus on the AI era.
The company is among the growing data center plays that will continue to benefit from the growth of data centers and increased AI needs going forward.
Investors are taking notice. The stock is up 75% year-to-date in 2026, with it hitting new all-time highs again on Tuesday.
The good news for Jana Partners is it got a profitable entry point on the stock.
Everpure stock traded between $58.91 and $93.92 in the second quarter. Based on these prices, Jana Partners is up 24.7% to 98.8%, depending on entry time and price.
Jana’s Other Q2 Moves
Outside of the new stock purchase, Jana Partners made several other changes to the portfolio in the second quarter.
The fund exited its position in Enhabit (former ticker was EHAB), as the company was taken private earlier this year.
Jana lowered its stake in the following two stocks, according to 13finfo:
Jana raised its stake in the following four stocks:
- Alkami Technology (NASDAQ:ALKT): +24%
- Lamb Weston Holdings (NYSE:LW): +8%
- Markel Group Inc (NYSE:MKL): +2%
- The Cooper Companies (NASDAQ:COO): +1%
The activist hedge fund is currently targeting changes at Fiserv, Alkami and Markel.
Investors will be paying close attention to see if the position in Everpure grows and if Jana Partners pushes for changes at the company.
Photo: jackpress / Shutterstock
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