Glenview Becomes Second Largest Shareholder of J.C. Penney

After Herbalife Ltd. (NYSE:HLF), the other company that every hedge fund took an oath to buy eventually was J.C. Penney Company, Inc. (NYSE:JCP). Kyle Bass filed 13G today, and Glenview Capital has also followed suit. Larry Robbins’ funds have bought another huge chunk of the stock, adding to their existing position. Glenview holds more of JCP than Soros Fund Larry Robbins’ Glenview Capital has increased its position in J.C. Penney Company, Inc. (NYSE:JCP) to 9.1% of the company’s outstanding shares. According to a 13G filed minutes ago, the hedge fund now owns 20,060,830  shares of JCP, up from 8,431,879 shares that it held until the…