Soros Fund Management, which is managed by billionaire George Soros, now owns 21.98 million shares of ailing retailer J.C. Penney (JCP). The stake is 10% larger than it had been in the second quarter. The fund will be the retailer's largest investor when Pershing Square Capital pulls out of J.C. Penney.
Glenview Capital, a hedge fund managed by former Omega Advisors trader Larry Robins, owned 8.4 million shares at the end of the second quarter. Also, Tiger Consumer Management raised its stake in J.C. Penney to 5.43 million shares.