Jana Partners Buys HD Supply Holdings, Bristol-Myers Squibb Company, Salesforce.com, Sells Johnson Controls International PLC, Coca-Cola European Partners PLC, Marathon Petroleum

• New Purchases: BMY, CRM, TDG, AET, CTSH, MCK, PRXL, YUM, ZAYO, FCE.A,
• Added Positions: HDS, NUVA, UHS, YHOO, VVV, SEM, SAGE, ACAD, NBIX, RARE,
• Reduced Positions: LW, HRS, DVMT, WLTW, CSC, LBRDK,
• Sold Out: JCI, CCE, MPC, PCLN, HPE, GOOG, MDLZ, GPK, CSRA, VIAB,

For the details of Jana Partners's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Jana+Partners

1. Conagra Brands Inc (CAG) - 17,786,352 shares, 12.34% of the total portfolio.
2. HD Supply Holdings Inc (HDS) - 14,500,000 shares, 10.81% of the total portfolio. Shares added by 74.01%
3. SPDR S&P 500 (SPY) - 2,500,000 shares, 9.8% of the total portfolio.
4. Liberty Broadband Corp (LBRDK) - 5,536,888 shares, 7.19% of the total portfolio. Shares reduced by 12.82%
5. Aetna Inc (AET) - 2,100,000 shares, 4.57% of the total portfolio.

Jana Partners initiated holdings in Bristol-Myers Squibb Company. The purchase prices were between $49.23 and $59.61, with an estimated average price of $54.67. The stock is now traded at around $53.80. The impact to the portfolio due to this purchase was 3.97%. The holdings were 3,872,261 shares as of 2016-12-31.

Jana Partners initiated holdings in Salesforce.com Inc. The purchase prices were between $68.41 and $77.77, with an estimated average price of $72.57. The stock is now traded at around $80.95. The impact to the portfolio due to this purchase was 3.8%. The holdings were 3,169,289 shares as of 2016-12-31.

Jana Partners initiated holdings in TransDigm Group Inc. The purchase prices were between $244.98 and $289.86, with an estimated average price of $262.59. The stock is now traded at around $250.20. The impact to the portfolio due to this purchase was 2.54%. The holdings were 581,211 shares as of 2016-12-31.

Jana Partners initiated holdings in Aetna Inc. The purchase prices were between $105.2 and $134.9, with an estimated average price of $119.72. The stock is now traded at around $125.71. The impact to the portfolio due to this purchase was 1.94%. The holdings were 892,719 shares as of 2016-12-31.

Jana Partners initiated holdings in Cognizant Technology Solutions Corp. The purchase prices were between $49.71 and $57.1, with an estimated average price of $53.52. The stock is now traded at around $57.21. The impact to the portfolio due to this purchase was 1.42%. The holdings were 1,444,283 shares as of 2016-12-31.

Jana Partners initiated holdings in McKesson Corp. The purchase prices were between $124.11 and $165.82, with an estimated average price of $147.1. The stock is now traded at around $145.13. The impact to the portfolio due to this purchase was 0.95%. The holdings were 386,868 shares as of 2016-12-31.

Jana Partners added to the holdings in HD Supply Holdings Inc by 74.01%. The purchase prices were between $31.4 and $43.73, with an estimated average price of $36.87. The stock is now traded at around $43.11. The impact to the portfolio due to this purchase was 4.6%. The holdings were 14,500,000 shares as of 2016-12-31.

Jana Partners added to the holdings in NuVasive Inc by 2141.86%. The purchase prices were between $56.71 and $68.38, with an estimated average price of $64.46. The stock is now traded at around $74.07. The impact to the portfolio due to this purchase was 2.04%. The holdings were 1,810,169 shares as of 2016-12-31.

Jana Partners added to the holdings in Universal Health Services Inc by 61.11%. The purchase prices were between $101.55 and $128.06, with an estimated average price of $118.42. The stock is now traded at around $121.08. The impact to the portfolio due to this purchase was 1.45%. The holdings were 2,051,970 shares as of 2016-12-31.

Jana Partners added to the holdings in Yahoo! Inc by 904.67%. The purchase prices were between $38.41 and $43.92, with an estimated average price of $41. The stock is now traded at around $45.02. The impact to the portfolio due to this purchase was 1.22%. The holdings were 2,000,000 shares as of 2016-12-31.

Jana Partners added to the holdings in Valvoline Inc by 25.72%. The purchase prices were between $18.9 and $23.28, with an estimated average price of $21.19. The stock is now traded at around $23.87. The impact to the portfolio due to this purchase was 0.1%. The holdings were 1,319,727 shares as of 2016-12-31.

Jana Partners added to the holdings in Sage Therapeutics Inc by 78.54%. The purchase prices were between $38.71 and $55.68, with an estimated average price of $47.13. The stock is now traded at around $54.13. The impact to the portfolio due to this purchase was 0.08%. The holdings were 198,406 shares as of 2016-12-31.

Jana Partners sold out the holdings in Johnson Controls International PLC. The sale prices were between $38.92 and $45.89, with an estimated average price of $42.3.

Jana Partners sold out the holdings in Coca-Cola European Partners PLC. The sale prices were between $31.31 and $39.25, with an estimated average price of $35.22.

Jana Partners sold out the holdings in Marathon Petroleum Corp. The sale prices were between $40.96 and $51.12, with an estimated average price of $45.4.

Jana Partners sold out the holdings in The Priceline Group Inc. The sale prices were between $1424.28 and $1578.13, with an estimated average price of $1493.18.

Jana Partners sold out the holdings in Hewlett Packard Enterprise Co. The sale prices were between $21.27 and $24.68, with an estimated average price of $22.98.

Jana Partners sold out the holdings in Alphabet Inc. The sale prices were between $736.08 and $813.11, with an estimated average price of $779.09.

Jana Partners reduced to the holdings in Lamb Weston Holdings Inc by 68.62%. The sale prices were between $29.89 and $37.85, with an estimated average price of $33.99. The stock is now traded at around $39.63. The impact to the portfolio due to this sale was -2.13%. Jana Partners still held 1,858,373 shares as of 2016-12-31.

Jana Partners reduced to the holdings in Harris Corp by 54.42%. The sale prices were between $88.98 and $107.13, with an estimated average price of $98.89. The stock is now traded at around $107.88. The impact to the portfolio due to this sale was -2.11%. Jana Partners still held 1,103,024 shares as of 2016-12-31.

Jana Partners reduced to the holdings in Dell Technologies Inc by 75.2%. The sale prices were between $46.72 and $57.29, with an estimated average price of $51.07. The stock is now traded at around $64.88. The impact to the portfolio due to this sale was -1.9%. Jana Partners still held 750,000 shares as of 2016-12-31.

Jana Partners reduced to the holdings in Willis Towers Watson PLC by 27.09%. The sale prices were between $116.78 and $132.11, with an estimated average price of $124.68. The stock is now traded at around $125.16. The impact to the portfolio due to this sale was -1.33%. Jana Partners still held 1,539,269 shares as of 2016-12-31.