Are These Results Enough to Motivate SIRIUS XM’s Top Institutional Shareholders?

SIRIUS XM (NASDAQ:SIRI): Despite a significant revenue miss ($897 million, missed by $12.85 million), new subscriptions grew 9 percent year-over-year, as growing penetration in the auto market helped spur first-time listeners. Earnings of $0.02 fell in-line with estimates. The company now sports 24.4 million subscribers, and subscriber acquisition costs per gross addition declined as well. Guidance for 2013 stands at a total of 1.4 million net subscriber adds, and revenue of over $3.7 billion.

These institutional firms indicated owning shares of SIRIUS XM Radio Inc. in Q1 2013. They reported owning a total of 562.777 million shares on 03/31/2013. The shares closed at $3.08 on 03/31/2013.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

Here are the ten largest positions in SIRIUS XM Radio Inc. at the end of March 31, 2013.

Vanguard Group Inc. held 139,760,814 shares on 03/31/2013 worth $430,463,296. This brought the portfolio total to 0.05%.

Blackrock Institutional Trust Company N.A. held 86,265,769 shares on 03/31/2013 worth $265,698,562. This brought the portfolio total to 0.05%.

State Street Corp. held 61,809,582 shares on 03/31/2013 worth $190,373,508. This brought the portfolio total to 0.03%.

Blackrock Advisors LLC held 58,460,521 shares on 03/31/2013 worth $180,058,400. This brought the portfolio total to 0.18%.

Blackrock Fund Advisors held 30,723,641 shares on 03/31/2013 worth $94,628,812. This brought the portfolio total to 0.04%.

Bank of New York Mellon Corp. held 28,188,174 shares on 03/31/2013 worth $86,819,574. This brought the portfolio total to 0.03%.

Blackrock Group Ltd held 20,423,162 shares on 03/31/2013 worth $62,903,337. This brought the portfolio total to 0.05%.

American Century Companies Inc. held 16,988,546 shares on 03/31/2013 worth $52,324,720. This brought the portfolio total to 0.06%.

Franklin Resources Inc. held 15,797,030 shares on 03/31/2013 worth $48,654,851. This brought the portfolio total to 0.03%.

UBS Global Asset Management Americas Inc. held 11,654,473 shares on 03/31/2013 worth $35,895,776. This brought the portfolio total to 0.05%.

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.