Activist investment firm Jana Partners has established a position in AI-focused data management company Everpure after accumulating shares under confidential treatment, according to a report by Yahoo Finance.
The New York-based hedge fund began building the position during the first quarter of 2026 but did not disclose the holding in its latest Form 13F after obtaining permission from the US Securities and Exchange Commission to temporarily withhold the filing. Such confidential treatment allows investment managers to continue building positions without immediately revealing their investment strategy.
Sources said Jana owned more than one million Everpure shares at the end of the first quarter. The firm’s current ownership level could not be determined, and it remains unclear whether Jana intends to pursue strategic, operational or governance changes at the company.
Formerly known as Pure Storage, Everpure rebranded earlier this year to reflect its transition from a traditional data storage provider to an AI-focused data management and intelligence platform. The company has benefited from growing demand for AI infrastructure and data-related services, helping drive stronger financial performance.
Everpure, which has a market capitalisation of approximately $23bn, has gained 2.35% year to date and recently reported fiscal first-quarter earnings ahead of Wall Street expectations.
Confidential treatment requests are commonly used by activist investors seeking additional time to build positions before disclosure requirements take effect. Large institutional investors, including Berkshire Hathaway, have also used the SEC process to avoid revealing investments while they remain under accumulation.
A Jana spokesperson did not respond to requests for comment. Everpure said it maintains an open dialogue with shareholders and remains focused on executing its strategic plan and delivering value for customers and investors.
Jana is one of the industry’s best-known activist investors, with a track record that includes its campaign at Frontier Communications ahead of the company’s acquisition by Verizon Communications. The firm is also currently campaigning at Fiserv, where it has called for portfolio rationalisation and board refreshment.
