Are Cree’s Colossal Shareholders Preparing for a China Catalyst?

In 2012, Cree Inc’s (NASDAQ:CREE) shares are up 6.22 percent. On Thursday, the company announced new technology centers in China, expanding its Cree TEMPO (Thermal, Electrical, Mechanical, Photometric, Optical) services. The centers will support the demand for Cree products and services in China and offer will a variety of TEMPO Services for the unique needs of the country’s lighting manufacturers such as Cree TEMPO 21 and TEMPO Thermal Simulation Services.

With the expansion in China, will Cree’s largest shareholder increase their holdings? 386 institutional firms indicated owning shares of Cree Inc. (NASDAQ:CREE) in Q1 2 012. These firms reported owning a total of 94.362 million shares on 03/31/2012. The shares closed at $31.63 on 03/31/2012.

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

Primecap Management Co/CA/ held 8,249,907 shares on 03/31/2012 worth $260,944,551. This brought the portfolio total to 0.4%.

Clearbridge Advisors LLC held 7,132,245 shares on 03/31/2012 worth $225,592,903. This brought the portfolio total to 0.42%.

Price T Rowe Associates Inc /MD/ held 5,073,390 shares on 03/31/2012 worth $160,471,321. This brought the portfolio total to 0.05%.

Vanguard Group Inc held 4,827,639 shares on 03/31/2012 worth $152,698,218. This brought the portfolio total to 0.02%.

Waddell & Reed Financial Inc held 4,585,880 shares on 03/31/2012 worth $145,051,381. This brought the portfolio total to 0.33%.

Oppenheimer Funds Inc held 3,200,000 shares on 03/31/2012 worth $101,215,997. This brought the portfolio total to 0.08%.

State Street Corp held 3,114,240 shares on 03/31/2012 worth $98,503,409. This brought the portfolio total to 0.02%.

Blackrock Institutional Trust Company N.A. held 3,010,230 shares on 03/31/2012 worth $95,213,572. This brought the portfolio total to 0.02%.

Blackrock Fund Advisors held 2,547,377 shares on 03/31/2012 worth $80,573,532. This brought the portfolio total to 0.04%.

Barclays PLC held 2,462,100 shares on 03/31/2012 worth $77,876,000. This brought the portfolio total to 0.11%.

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