Are A123 Systems’ Top Institutional Supporters Raising Concerns?

For the year-to-date, A123 Systems, Inc. (NASDAQ:AONE) is down 43.54 percent. On Thursday, the company’s stock fell 10.53 percent as it reiterated a warning to investors that it’s confronting a cash crunch and “significant” losses. Its troubles stem from a March recall of defective products which could cost the company almost $67 million and cause it to rebuild inventory.

On Wednesday, the company filed a report with the Securities and Exchange Commission that repeated its financial condition. Corporate spokesman Dan Borgasano said of the action, “The information isn’t necessarily new but it is being reported as if it were new.”

With the increasing concerns about the company’s financial condition, will A123 Systems’ largest shareholders decrease their holdings? 159 institutional firms indicated owning shares of A123 Systems, Inc. (NASDAQ:AONE) in Q1 2012. These firms reported owning a total of 186.807 million shares on 03/31/2012 . The shares closed at $1.12 on 03/31/2012, for an aggregate market value of $209.223 million.

Here are the ten largest positions in A123 Systems, Inc. at the end of March 31st, 2012.

Aristeia Capital LLC held 24,226,000 shares on 03/31/2012 worth $7,729,000. This brought the portfolio total to 1.51%.

Alliancebernstein L.P. held 20,000,000 shares on 03/31/2012 worth $6,400,000. This brought the portfolio total to 0.01%.

Lazard Asset Management LLC held 19,000,000 shares on 03/31/2012 worth $6,080,000. This brought the portfolio total to 0.01%.

Wolverine Asset Management LLC held 15,600,000 shares on 03/31/2012 worth $4,761,000. This brought the portfolio total to 0.09%.

Alliancebernstein L.P. held 14,849,142 shares on 03/31/2012 worth $16,631,039. This brought the portfolio total to 0.02%.

Lord Abbett & Co. LLC held 14,150,000 shares on 03/31/2012 worth $4,598,750. This brought the portfolio total to 0.01%.

Linden Advisors LP held 9,275,000 shares on 03/31/2012 worth $2,955,000. This brought the portfolio total to 0.47%.

Zazove Associates LLC held 8,100,000 shares on 03/31/2012 worth $2,612,000. This brought the portfolio total to 0.06%.

General Electric Co held 7,372,744 shares on 03/31/2012 worth $8,257,473. This brought the portfolio total to 0.03%.

Vanguard Group Inc held 4,995,838 shares on 03/31/2012 worth $5,595,339. This brought the portfolio total to 0.0%.

About the company: A123 Systems Inc. designs, develops, manufactures and sells advanced, rechargeable lithium-ion batteries and battery systems.

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