Barry Rosenstein and Jana Partners’ 5 Top Stock Picks

3. SPDR S&P 500 Trust ETF (NYSEARCA:SPY)

Barry Rosenstein hedge fund Jana Partners also looks bullish over the broader market fundamentals. The hedge fund has been holding an investment of $121 million in SPDR S&P 500 Trust ETFs, accounting for 10.77% of the overall portfolio. It is the third-largest holding of Jana Partners. The hedge fund has raised its investment by 7% in the latest quarter.

It also appears that Barry Rosenstein’s investment in ETFs worked for the hedge fund. This is because the price of SPDR S&P 500 Trust ETF soared 14% in 2020, accelerating the five years gains to almost 80%.

Moreover, the hedge fund has also bagged big dividends. The SPDR S&P 500 Trust ETF has raised dividends in the past 11 successive years. The average dividend growth rate in the past five years stands around 8%.