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Hd Supply Holdings Inc.(HDS) Stock Heading Up As Billionaire Activist Barry Rosenstein Boosts Stake to 8.1%

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As per a new 13D filing with the Securities and Exchange Commission, billionaire Barry Rosenstein‘s JANA Partners has massively boosted its stake in Hd Supply Holdings Inc. (NASDAQ:HDS). The fund’s stake now counts 16.25 million shares (including options to purchase 2.06 million shares), which amass 8.1% of the company’s outstanding common stock. The fund’s stake was raised from 2.99 million shares which it held at the end of June. The filing notes that the fund has acquired the shares because it believes they are a good investment opportunity, and that the fund has already had negotiations with HD Supply Holdings’ management concerning strategies to maximize shareholder value.

“HD Supply welcomes open communications with our shareholders and we value constructive input,” the company said in a statement.

Hd Supply Holdings Inc. (NASDAQ:HDS) is an industrial distributor that offers various products and services, and which operates three divisions: Waterworks, Construction & Industrial-White Cap, and Facilities Maintenance. Year-to-date, the company’s stock has gained 10.26%. In its financial report for the second quarter of 2016, HD Supply Holdings disclosed adjusted earnings per share of $0.85 and revenue of $2 billion, both of which came in below analysts’ estimates of $0.87 and $2.03 billion, respectively. Earlier this month, RBC Capital Markets raised its price target on the stock to $38 from $35, but maintained a ‘Hold’ rating on it, while William Blair reiterated its ‘Outperform’ rating. Shares of HD Supply Holdings have gained over 2% today on the news.

Barry Rosenstein - Jana Partners

According to Insider Monkey’s database, 47 investors that we track were long Hd Supply Holdings Inc. (NASDAQ:HDS) at the end of the June quarter, down by one from the end of March. The largest investors in the company on June 30 contained John Griffin’s Blue Ridge Capital (8.29 million shares), Thomas Steyer’s Farallon Capital (3.93 million shares), David Cohen and Harold Levy’s Iridian Asset Management (3.65 million), and David Tepper’s Appaloosa Management (2.76 million shares).

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You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
JANA PARTNERS 16,250,000 0 16,250,000 0 16,250,000 (see Item 5) 8.1%

Barry Rosenstein
Barry Rosenstein
JANA Partners

Page 1 of 6 – SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. )

HD Supply
Holdings, Inc.

(Name of Issuer)

Common Stock,
par value $0.01 per share

(Title of Class of Securities)

40416M105

(CUSIP Number)

Eleazer Klein, Esq.

Marc Weingarten, Esq.

919 Third Avenue
New York, New York 10022

(212) 756-2000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

October 17,
2016

(Date of Event which Requires
Filing of this Schedule)

If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f)
or 13d-1(g), check the following box. [ ]

NOTE: Schedules filed in paper format shall include a signed
original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)

(Page 1 of 6 Pages)

————————–

The information required on the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or
otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).

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