Glenview Capital Management Buys J.C. Penney, Sells NetApp

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Glenview Capital Management is headed by CEO and portfolio manager Lawrence Michael Robbins, and it employs a GARP (growth at a reasonable price) stock picking strategy. It currently has $11.8 billion invested in 65 stocks, compared to $10.9 billion invested in 61 stocks last quarter. Glenview Capital’s new positions Glenview opened large new positions with Advance Auto Parts, Inc. (NYSE:AAP) this quarter (2.7 million shares worth $224 million), American Tower Corp (NYSE:AMT) (1.8 million shares worth $132 million), and Dollar General Corp. (NYSE:DG) (2.2 million shares worth $125 million). It also opened positions with CenterPoint Energy, Inc. (NYSE:CNP) (1.6 million shares worth $39…

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