Will J.C. Penney’s Job Slash Bother These Top Institutional Shareholders?

J.C. Penney Company, Inc. (NYSE:JCP)’s Chief Executive Officer, Ron Johnson, plans to cut at least 300 jobs at the company’s headquarters, the New York Post reported, citing sources. These cuts will account for at least 10 percent of the staff at J.C. Penney’s Texas headquarters.

Will J. C. Penney Company, Inc.’s shareholders increase their holdings? They reported owning a total of 300.495 million shares on 12/31/2012. The shares closed at $19.71 on 12/31/2012.

Here are the ten largest positions in J. C. Penney Company, Inc. at the end of December 31st, 2012.

Pershing Square Capital Management L.P. held 39,075,771 shares on 12/31/2012 worth $770,183,411. This brought the portfolio total to 8.4%.

Dodge & Cox held 20,225,200 shares on 12/31/2012 worth $398,638,673. This brought the portfolio total to 0.53%.

State Street Corp. held 17,909,178 shares on 12/31/2012 worth $352,989,882. This brought the portfolio total to 0.05%.

FMR LLC. held 15,837,049 shares on 12/31/2012 worth $312,148,221. This brought the portfolio total to 0.06%.

Wellington Management Co. LLP. held 13,954,793 shares on 12/31/2012 worth $275,048,957. This brought the portfolio total to 0.02%.

Hotchkis & Wiley Capital Management LLC. held 13,877,917 shares on 12/31/2012 worth $273,533,731. This brought the portfolio total to 1.58%.

Evercore Trust Company N.A. held 11,948,829 shares on 12/31/2012 worth $235,511,409. This brought the portfolio total to 0.97%.

UBS AG held 9,425,967 shares on 12/31/2012 worth $185,785,801. This brought the portfolio total to 0.22%.

Vanguard Group Inc. held 9,378,824 shares on 12/31/2012 worth $184,856,612. This brought the portfolio total to 0.02%.

Glenview Capital Management LLC. held 7,299,112 shares on 12/31/2012 worth $143,865,491. This brought the portfolio total to 2.03%.

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