Janus Capital’s largest sales

According to Janus Capital’s 13F filing, its largest sale was Dollar Tree (DLTR) in 2Q16. It sold 4.4 million shares of the company. The firm still held 11.2 million DLTR shares with a market value of $1.1 billion as of June 30, 2016. Dollar Tree constituted 1.2% of the firm’s portfolio, while Janus Capital Management held 4.8% of Dollar Tree shares.

Janus Capital Removed Yahoo! from Its Portfolio

Position in Yahoo!

As of June 30, 2016, Janus Capital had removed Yahoo! (YHOO) completely from its holdings. The firm had holdings of 0.23 million shares of Yahoo! worth $9.9 million. On Monday, July 25, 2016, Verizon Communications (VZ) announced that it would acquire Yahoo’s operating business for $4.8 billion in cash. It will be a significant move for Verizon, as it wants to spread its digital operation business and increase its potential on the market (SPY).

In February 2008, Yahoo! rejected Microsoft’s (MSFT) offer to buy the company for $31 per share. It was offering a 61% premium at that time. In January 2014, it again rejected an offer from Microsoft of $52 per share or $53 billion. It was offering a 30% premium at the time.

After this Verizon-Yahoo! deal, Janus Capital might not be bullish on the stock and may expect that this deal won’t benefit Yahoo!, as earlier it rejected good offers from Microsoft (MSFT). Janus’s decision to sell its entire Yahoo! holding signifies that the firm is no longer bullish on the stock.

In the next part of this series, we’ll analyze the change in the holdings of the Duquesne Family Office as of June 30, 2016.

Latest articles

Today, Canopy Growth announced that it acquired the Saskatchewan-based KeyLeaf Life Sciences along with entities relating to the company and its intellectual property. Here's what you need to know about the completed deal.

Yesterday, Tyson Foods (TSN) and fellow meat producers Pilgrim’s Pride (PPC) and Sanderson Farms (SAFM) took a hit to their stocks after news came out about an investigation over price-fixing allegations.

On June 24, RH (RH) was trading at $115.01, implying a rise of 21.2% since its announcement of its first-quarter earnings results on June 12. Despite the surge in its stock price, the company is still trading at a discount of 29.1% to its 52-week high.

26 Jun

Roku Stock Fell Close to 7.0% Yesterday

WRITTEN BY Aditya Raghunath

Roku stock fell 6.8% yesterday to close trading at $93.25 per share. Roku stock has lost over 9.0% in market value in the last two trading days. Prior to this pullback, Roku stock was up a whopping 235.0% year-to-date.

26 Jun

Beyond Meat Stock Up Today on New Product Launch

WRITTEN BY Rajiv Nanjapla

Today, Beyond Meat (BYND) announced that its new product, Beyond Beef, will hit markets across the US later this week.

FedEx (FDX) ended fiscal 2019 on a dismal note and reported a significant YoY decline in fourth-quarter earnings. The delivery giant posted adjusted EPS of $5.01, which was 15.2% lower than the year-ago quarter’s earnings of $5.91. The company cited sluggish revenue growth and increased expenses as the main reason behind the dismal bottom-line performance.