Computer Sciences Corporation (CSC): JANA Partners Goes Activist; Other New, Potentially Activist Positions in JANA’s Portfolio

Meanwhile, aside from Computer Sciences Corporation (NYSE:CSC), Mr. Rosenstein also added a couple of other stocks to JANA’s equity portfolio, which might become activist plays in the future. Interestingly enough, JANA’s largest new position in terms of value is represented by another IT Services & Consulting company, NCR Corporation (NYSE:NCR), of which the fund disclosed holding 12.0 million shares, valued at $349.87 million. NCR Corporation (NYSE:NCR) operates in the Financial Services, Retail Solutions, Hospitality and Emerging Industries segments. Also betting on NCR Corporation (NYSE:NCR) is another activist investor, Keith Meister of Corvex Capital, who raised his stake by 250% during the fourth quarter to 5.39 million shares.

Another interesting addition to JANA Partners’ equity portfolio is SolarCity Corp (NASDAQ:SCTY), in which the fund initiated a $275.86 million stake that contains 5.16 million shares. The stake accounts for 5.4% of the company’s stock and is currently disclosed as passive. There have been talks last year about the fact that he solar energy industry will start consolidating in order to ensure a more stable growth. There have even been rumors that General Electric Company (NYSE:GE) planned to acquire Sunedison Inc (NYSE:SUNE), which has however been denied by the former. Nevertheless, currently, SolarCity Corp (NASDAQ:SCTY)’s stock is down by 30% over the last 52-weeks, which also makes the company one of the top losers among mid-cap solar stocks. Other investors have also been moving out of the stock with 31 funds reporting holding the stock, versus 37 funds a quarter earlier. One of the funds that raised its stake in SolarCity Corp (NASDAQ:SCTY) during the fourth quarter is Ken Griffin’s Citadel Investment Group, which disclosed holding 448,200 shares in its latest 13F and Put options for 384,900 shares.

Disclosure: None