Jana reveals size of Wolfspeed, QuidelOrtho stakes in filing
15/05/2024 14:30
NEW YORK, May 15 (Reuters) - Activist investor Jana
Partners owned 1.2 million shares in U.S. diagnostics company
QuidelOrtho QDEL.O at the end of the first quarter, according
to a regulatory filing made on Wednesday.
The position, which was built during the first three months
of the year, amounted to a 1.8% stake in the company. Reuters
first reported on Tuesday that Jana had built the stake .
The filing also shows that Jana owned a 3.6% stake, or 4.6
million shares, in Wolfspeed WOLF.N , the world's largest maker
of silicon carbide, at the end of the quarter. Reuters reported
last month that Jana is urging the company to explore all ways
to improve shareholder value, including a potential sale,
according to a letter.
It is not clear how much the hedge fund owns in the
companies now as Wednesday's filing only reveals what the size
of the stake was in March.
So-called 13F filings are backward looking but are closely
watched for indications of investment trends.
(Reporting by Svea Herbst-Bayliss)
((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters
Messaging: svea.herbst.thomsonreuters.com@reuters.net))