Janus Mixes It Up in the First Quarter
While staying defensive, firm buys some tech and sells Boeing
Janus continued to cut back on some of its mainstay holdings--and add to slower-growing names--in the first quarter of 2002.
According to a recent filing with the Securities and Exchange Commission, the Denver-based fund shop pared back on longtime holdings AOL Time Warner (AOL) and Nokia (NOK). The firm sold approximately 28 million shares of AOL, bringing its stake in the media firm to 155.6 million shares as of March 31. In addition, the managers sold about 34 million shares of Nokia, bringing their total stake in the wireless handset maker to 130.9 million shares as of quarter-end.
Catherine Hickey does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.