Key facts
- Activist investor Jana Partners has established a new stake in technology company Everpure.
- Jana requested confidential treatment from U.S. regulators to delay the public disclosure of its position.
- The hedge fund began acquiring shares in Everpure during the first quarter of 2026.
- At the close of the first quarter, Jana held over 1 million shares in the company.
- Everpure, previously known as Pure Storage, has benefited from increased demand for AI infrastructure.
Activist investor Jana Partners has built a new stake in technology company Everpure, formerly known as Pure Storage, according to sources and reviewed documents. The hedge fund requested confidential treatment from U.S. regulators to delay the public disclosure of its position, which it began building in the first quarter of 2026.
At the end of the first quarter, Jana Partners owned more than 1 million shares in the Santa Clara-headquartered company. The exact size of Jana's stake and the specific changes it may be pushing for at Everpure remain unclear.
Everpure has experienced a surge in demand driven by the build-out of artificial intelligence infrastructure and increased data needs. The company rebranded itself in early 2026 to emphasize its transition from a pure data storage provider to an AI-focused data management and intelligence platform. The company has a market capitalization of $23 billion and its stock has risen 2.35% year-to-date. Everpure surpassed Wall Street's earnings expectations for its fiscal first quarter, which concluded in May.
Activist investment firms sometimes seek confidential treatment for their quarterly 13F disclosures to gain more time to establish their positions and prevent competitors from anticipating their trades. For instance, Berkshire Hathaway frequently requests such treatment from the U.S. Securities and Exchange Commission to shield positions under development from public view.
A representative for Jana Partners did not respond to requests for comment. An Everpure representative stated, "We maintain an open dialogue with all shareholders and we remain focused on executing our strategic plan and delivering for our customers and investors."
Jana Partners is recognized as one of the most successful activist investors, with its stock selections closely watched on Wall Street. The firm previously influenced telecom company Frontier Communications to sell itself, leading to its acquisition by Verizon Communications. Currently, Jana is advocating for fintech payments company Fiserv to divest non-essential businesses and refresh its board.