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Jeff Ubben, ValueAct Now Own 9.7% of Rockwell Collins

Jeff Ubben, ValueAct: In a filing with the Securities and Exchange Commission, Jeffrey Ubben’s hedge fund, Valueact Capital, disclosed buying shares of Rockwell Collins, Inc. (NYSE:COL). The hedge fund reported ownership of some 13.1 million shares of the company, up from the previously disclosed amount of 11.2 million shares. The value of the current stake held by ValueAct amounts to almost $901.3 million. The position represents some 9.7% of the company.


Last week, Rockwell Collins posted its guidance for the whole fiscal year 2013. In this way, the company forecasts revenue in the range $4.5 billion to $4.6 billion, while earnings per share is expected to be between $4.30 and $4.50. Rockwell Collins is a company specialized in manufacturing, design and support of aviation electronics and communications for various commercial and military clients around the world.

Aside from Ubben, some other “hedgies” out of those tracked by Insider Monkey also disclosed ownership of shares of Rockwell Collins. As follows, Thomas Steyer’s Farallon Capital reported owning of some 1.6 million shares of the company, while the stake held by Adage Capital Management, managed by Phill Gross and Robert Atchinson, contained around 1.1 million shares at the end of last quarter. John Burbank’s Passport Capital and D. E. Shaw’s D E Shaw & Co have less significant positions, which involve about 887,000 and 681,900 shares respectively.

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Disclosure: none

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