JANA Partners Management, LP Diversified Active

CIK: 0001998597 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $1,921,781 (100.0% shares, 0.0% debt)

Holdings (12)

New Positions (1)

FISV FISERV INC 7.8%

Value ($000) $150,832 Shares 2,245,520 Est. Cost $83.87 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FISV	FISERV INC	2,245,520	$150,832	7.8%	$83.87	0.0%	COM	337738108

Increased Positions (5)

COO COOPER COS INC 15.0%

Value ($000) $288,468 (+72.8%) Shares 3,519,620 (+44.6%) Est. Cost $72.07 Unrealized +3.9%

ALKT ALKAMI TECHNOLOGY INC 5.9%

Value ($000) $112,920 (+140.2%) Shares 4,894,665 (+158.6%) Est. Cost $23.41 Unrealized -5.7%

FUN SIX FLAGS ENTERTAINMENT CORP 3.3%

Value ($000) $63,141 (-31.4%) Shares 4,116,099 (+1.6%) Est. Cost $26.42 Unrealized -31.6%

RPD RAPID7 INC 5.3%

Value ($000) $102,504 (-15.9%) Shares 6,743,653 (+3.7%) Est. Cost $33.04 Unrealized -50.2%

SPY SPDR S&P 500 ETF TR 13.9%

Value ($000) $266,861 (+3.6%) Shares 391,337 (+1.2%) Est. Cost $492.21 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
COO	COOPER COS INC	3,519,620 (+44.6%)	$288,468 (+72.8%)	15.0%	$72.07	+3.9%	COM	216648501
ALKT	ALKAMI TECHNOLOGY INC	4,894,665 (+158.6%)	$112,920 (+140.2%)	5.9%	$23.41	-5.7%	COM	01644J108
FUN	SIX FLAGS ENTERTAINMENT CORP	4,116,099 (+1.6%)	$63,141 (-31.4%)	3.3%	$26.42	-31.6%	COM	83001C108
RPD	RAPID7 INC	6,743,653 (+3.7%)	$102,504 (-15.9%)	5.3%	$33.04	-50.2%	COM	753422104
SPY	SPDR S&P 500 ETF TR	391,337 (+1.2%)	$266,861 (+3.6%)	13.9%	$492.21	—	TR UNIT	78462F103

Exited Positions (1)

TRMB TRIMBLE INC 8.0%

Value ($000) $153,616 Shares 1,881,399 Est. Cost $49.72 Unrealized +60.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TRMB	TRIMBLE INC	1,881,399	$153,616	8.0%	$49.72	+60.3%	—	896239100

Decreased Positions (4)

MKL MARKEL GROUP INC 9.1%

Value ($000) $174,592 (-38.0%) Shares 81,219 (-44.9%) Est. Cost $1713.80 Unrealized +18.2%

MRCY MERCURY SYS INC 18.8%

Value ($000) $362,092 (-21.5%) Shares 4,959,481 (-16.8%) Est. Cost $35.16 Unrealized +111.6%

FRPT FRESHPET INC 1.8%

Value ($000) $33,962 (-41.2%) Shares 557,390 (-46.8%) Est. Cost $108.49 Unrealized -47.7%

EHAB ENHABIT INC 1.0%

Value ($000) $19,274 (+12.6%) Shares 2,090,412 (-2.2%) Est. Cost $12.11 Unrealized -28.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MKL	MARKEL GROUP INC	81,219 (-44.9%)	$174,592 (-38.0%)	9.1%	$1713.80	+18.2%	COM	570535104
MRCY	MERCURY SYS INC	4,959,481 (-16.8%)	$362,092 (-21.5%)	18.8%	$35.16	+111.6%	COM	589378108
FRPT	FRESHPET INC	557,390 (-46.8%)	$33,962 (-41.2%)	1.8%	$108.49	-47.7%	COM	358039105
EHAB	ENHABIT INC	2,090,412 (-2.2%)	$19,274 (+12.6%)	1.0%	$12.11	-28.4%	COM	29332G102

Unchanged Positions (2)

LW LAMB WESTON HLDGS INC 10.9%

Value ($000) $209,812 Shares 5,008,635 Est. Cost $66.92 Unrealized -12.3%

— TREEHOUSE FOODS INC 7.1%

Value ($000) $137,325 Shares 5,821,337 Est. Cost $39.80 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
LW	LAMB WESTON HLDGS INC	5,008,635	$209,812	10.9%	$66.92	-12.3%	COM	513272104
—	TREEHOUSE FOODS INC	5,821,337	$137,325	7.1%	$39.80	—	COM	89469A104