Are Goldman Sachs’ Giant Shareholders Nervous About Gupta Spilling Secrets?
So far in 2012, The Goldman Sachs Group’s (NYSE:GS) shares are up 3.83 percent. On Friday, it was revealed by the judge and attorney that former Goldman Sachs board member Rajat Gupta will take the stand and testify at his own insider trading trial; this is scheduled to begin on Tuesday.
Gupta has been charged with conspiring to tell Goldman board secrets that allowed billionaire and hedge fund founder Raj Rajaratnam to make successful trades for his $7 billion hedge fund. Rajaratnam has been convicted of insider trading at a 2011 trial and is currently serving an 11-year jail term.
With Gupta’s potential to spill Goldman secrets publicly, will the company’s largest shareholders decrease their holdings? 635 institutional firms indicated owning shares of The Goldman Sachs Group, Inc. (NYSE:GS) in Q1 2012. These firms reported owning a total of 181.313 million shares on 03/31/2012 . The shares closed at $124.37 on 03/31/2012.
Here are the ten largest positions in The Goldman Sachs Group, Inc. at the end of March 31st, 2012.
State Street Corp held 19,147,836 shares on 03/31/2012 worth $2,381,416,416.
Massachusetts Financial Services Co /MA/ held 13,714,749 shares on 03/31/2012 worth $1,705,703,371.
Blackrock Institutional Trust Company N.A. held 13,329,707 shares on 03/31/2012 worth $1,657,815,696.
Dodge & Cox held 11,720,675 shares on 03/31/2012 worth $1,457,700,382.
Jennison Associates LLC held 9,252,278 shares on 03/31/2012 worth $1,150,705,840.
Susquehanna International Group LLP held 7,151,600 shares on 03/31/2012 worth $889,445,000.
Bank of New York Mellon Corp held 5,398,206 shares on 03/31/2012 worth $671,374,895.
Blackrock Group Ltd held 4,142,767 shares on 03/31/2012 worth $515,235,943.
Susquehanna International Group LLP held 3,827,800 shares on 03/31/2012 worth $476,063,000.
Blackrock Fund Advisors held 3,709,584 shares on 03/31/2012 worth $461,360,972.
Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.