Can Dow Chemical’s Biggest Supporters Take Shares to the High $30s in 2012?

After 5 months of trading in 2012, The Dow Chemical Company’s (NYSE:DOW) shares are up 8.9 percent. On Wednesday, Dow won a $2.16 billion arbitration award from the International Court of Arbitration of the International Chamber of Commerce from its dispute with Petrochemical Industries Co. of Kuwait. The Court’s ruling against Petrochemical is final and binding, according to Zacks.com.

Kuwait had bailed on its “K-DOW” joint venture as the economy tumbled into recession about four years ago. The country subsequently cancelled its agreement to purchase a share in Dow’s plastics business but the their partnership, which also involves numerous other joint ventures, is still intact and remains beneficial to both sides.

With the news of the arbitration award and their ongoing partnership, will Dow Chemical’s largest shareholders increase their holdings? 778 institutional firms indicated owning shares of The Dow Chemical Company (NYSE:DOW) in Q1 2012. These firms reported owning a total of 822.475 million shares on 03/31/2012. The shares closed at $34.64 on 03/31/2012.

Here are the ten largest positions in The Dow Chemical Company at the end of March 31st, 2012.

Capital World Investors held 124,085,526 shares on 03/31/2012 worth $4,298,322,545. This brought the portfolio total to 1.51%.

Capital Research Global Investors held 97,643,100 shares on 03/31/2012 worth $3,382,356,924. This brought the portfolio total to 1.44%.

Wellington Management Co LLP held 64,017,882 shares on 03/31/2012 worth $2,217,579,393. This brought the portfolio total to 0.78%.

Vanguard Group Inc held 49,181,433 shares on 03/31/2012 worth $1,703,644,809. This brought the portfolio total to 0.23%.

State Street Corp held 42,881,125 shares on 03/31/2012 worth $1,485,402,144. This brought the portfolio total to 0.23%.

Dodge & Cox held 32,218,533 shares on 03/31/2012 worth $1,116,049,963. This brought the portfolio total to 1.43%.

Blackrock Institutional Trust Company N.A. held 31,140,295 shares on 03/31/2012 worth $1,078,699,800. This brought the portfolio total to 0.25%.

Bank of New York Mellon Corp held 16,265,121 shares on 03/31/2012 worth $563,423,782. This brought the portfolio total to 0.22%.

Northern Trust Corp held 14,599,843 shares on 03/31/2012 worth $505,738,553. This brought the portfolio total to 0.23%.

FMR LLC held 14,393,624 shares on 03/31/2012 worth $498,595,127. This brought the portfolio total to 0.09%.

About the company: The Dow Chemical Company is a diversified chemical company that provides chemical, plastic, and agricultural products and services to various essential consumer markets. The Company serves customers in countries around the world in markets such as food, transportation,health and medicine, personal care, and construction.

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