Home / Business and Economy / Jana Partners Cuts Fiserv Stake by 17%
Jana Partners Cuts Fiserv Stake by 17%
15 Aug
Summary
- Jana Partners reduced its Fiserv stake significantly.
- The activist investor pushed for a portfolio review.
- Filing data reflects holdings as of June 30.
Activist investor Jana Partners has decreased its holdings in payments company Fiserv by roughly 17%. This significant reduction occurred during the second quarter, as indicated by a regulatory filing.
In late July, Jana Partners intensified its efforts, urging Fiserv to initiate a formal review of its entire business portfolio. This approach contrasted with a strategy of selling off assets piecemeal.
The information is derived from a 13F filing, which is compiled quarterly and disclosed within six weeks of the quarter's end. Therefore, this data represents the investor's position as of June 30 and does not include any subsequent trading activity.
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