Jana Partners liquidates entire position in struggling company Wolfspeed

From Yahoo Finance: 2025-05-15 12:09:00

Activist investor Jana Partners has exited its entire position in silicone carbide wafer maker Wolfspeed, after last year’s push for a sale. Wolfspeed is considering bankruptcy, with shares losing 92% of value in five years, now trading at $3.77. Jana sold nearly 5 million shares in the first quarter of 2025, after cutting some late last year.

Jana first sought change at Wolfspeed in early 2024, adding new directors to the board in October 2024. The firm’s 13F filing also shows the purchase of 734,763 shares in Freshpet, establishing a new position almost two years after a cooperative agreement in 2023. 13F filings provide insight into investment trends.



Read more at Yahoo Finance: Jana Partners liquidated position in Wolfspeed in Q1, filing