Are J.C. Penney’s Top Institutional Shareholders Satisfied With The Loan?

J.C. Penney (NYSE:JCP): It appears that all the shuffling and negotiating has paid off, as the retailer was able to land $1.75 billion in loans with a five-year structure that uses its real estate holdings as collateral. Outstanding debt will now be able to be paid off, and the company can finance its ongoing working capital requirements.

These institutional firms indicated owning shares of J. C. Penney Company, Inc. in Q1 2013. They reported owning a total of 57.867 million shares on 03/31/2013. The shares closed at $15.11 on 03/31/2013.

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Here are the nine largest positions in J. C. Penney Company, Inc. at the end of March 31st, 2013.

State Street Corp. held 17,634,222 shares on 03/31/2013 worth $266,453,088. This brought the portfolio total to 0.04%.

Vanguard Group Inc. held 9,250,663 shares on 03/31/2013 worth $139,777,515. This brought the portfolio total to 0.02%.

Blackrock group Ltd held 5,575,430 shares on 03/31/2013 worth $84,244,745. This brought the portfolio total to 0.06%.

Blackrock Institutional Trust Company N.A. held 3,970,652 shares on 03/31/2013 worth $59,996,550. This brought the portfolio total to 0.01%.

Citigroup Inc. held 3,476,000 shares on 03/31/2013 worth $52,522,000. This brought the portfolio total to 0.06%.

Morgan Stanley held 2,706,507 shares on 03/31/2013 worth $40,895,320. This brought the portfolio total to 0.02%.

JPMorgan Chase & Co. held 1,704,146 shares on 03/31/2013 worth $25,749,645. This brought the portfolio total to 0.01%.

Blackrock Fund Advisors held 1,644,188 shares on 03/31/2013 worth $24,843,680. This brought the portfolio total to 0.01%.

Bank of New York Mellon Corp. held 1,577,227 shares on 03/31/2013 worth $23,831,899. This brought the portfolio total to 0.01%.

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