Barry Rosenstein’s JANA Partners’ Top New Picks

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Next up is Johnson Controls Inc (NYSE:JCI), in which JANA Partners reported ownership of 10.04 million shares, valued at $497.06 million. Johnson Controls Inc (NYSE:JCI) is a global technology and industrial company, with a market cap of about $29.6 billion. The company posted net income of $178 million for the third quarter of fiscal 2015, versus $176 million in the same period last year. Revenues for the quarter fell to $9.6 billion, from $9.8 billion in the year-ago quarter. Johnson Controls Inc (NYSE:JCI)’s shares have lost 6.14% year-to-date. In its latest 13F, Mario Gabelli’s GAMCO Investors revealed owning 723,036 shares of the company as of June 30.

On the third position is Time Warner Cable Inc (NYSE:TWC), in which JANA Partners disclosed a $419.4 million stake, containing 2.35 million shares. Time Warner Cable Inc (NYSE:TWC) is a $52.7-billion market cap provider of video, high-speed data, and voice services in the United States. For the second quarter, Time Warner Cable Inc (NYSE:TWC) reported net income of $463 million, or $1.62 per share, versus $499 million, or $1.77 per share, in the same quarter of 2014. Shares of Time Warner Cable Inc (NYSE:TWC) have increased by 20.03% year-to-date. In its latest 13F, Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke and John Campbell, reported holding 607,201 shares of the company at the end of the second quarter.

Disclosure: None

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