Covington Capital Management reports 40.72% decrease in ownership of JCI / Johnson Controls International plc
August 13, 2018 - Covington Capital Management has filed a 13F-HR form disclosing ownership of 49,834 shares of Johnson Controls International plc (NYSE:JCI) with total holdings valued at $1,667,000 USD as of June 30, 2018. Covington Capital Management had filed a previous 13F-HR on May 11, 2018 disclosing 84,060 shares of Johnson Controls International plc at a value of $2,962,000 USD. This represents a change in shares of -40.72 percent and a change in value of -43.72 percent during the quarter.
Other investors with positions similar to Covington Capital Management include HighTower Advisors, LLC, Wolverine Trading, Llc, Ladenburg Thalmann Financial Services Inc, Suntrust Banks Inc, Public Sector Pension Investment Board, and Factory Mutual Insurance Co.
Johnson Controls International plc has declared a standard industrial code (sic) of 738 which is the "Miscellaneous Business Services" industry. Covington Capital Management's top industries are "Construction Special Trade Contractors" (sic 17), "Non-depository Credit Institutions" (sic 61), and "Food Stores" (sic 54).
The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.
In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.
Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.
|JOHNSON CTLS INTL||SHS||G51502105||34.34||49,834||-40.72||1,667||-43.72||-1,175||-120||-4.04|
|JOHNSON CTLS INTL||SHS||G51502105||36.67||84,060||-14.72||2,962||-21.14||-532||-262||-6.97|
|JOHNSON CTLS INTL||SHS||G51502105||39.20||98,568||6.48||3,756||0.70||235||-209||-5.61|
|JOHNSON CTLS INTL||SHS||G51502105||41.83||92,567||4.89||3,730||-2.53||180||-277||-7.25|
as of ET