Is Google’s Settlement a Relief For These Top Institutional Shareholders?

Google (NASDAQ:GOOG) will pay over $7 million for the collection of personal data without authorization via its Street View service. Google has settled with attorney generals in 38 states and promised to train its employees over data privacy along with beginning a nationwide campaign to teach people about securing Wi-Fi hotspots. As part of this settlement, Google is required to destroy any data it collected from unsecured wireless networks spanning the U.S. between 2008 and 2010 as part of Street View. Furthermore, it improperly stored the information that came in the form of email and text messages, passwords, and web histories.

These institutional firms indicated owning shares of Google in Q4 2012. They reported owning a total of 246.975 million shares on 12/31/2012. The shares closed at $707.38 on 12/31/2012.

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Here are the ten largest positions in Google at the end of December 31, 2012.

FMR LLC held 17,513,069 shares on 12/31/2012 worth $12,388,394,835. This brought the portfolio total to 2.24 percent.

Vanguard Group Inc held 11,833,058 shares on 12/31/2012 worth $8,370,468,626. This brought the portfolio total to 1.05 percent.

State Street Corp held 10,608,679 shares on 12/31/2012 worth $7,504,367,403. This brought the portfolio total to 1.09 percent.

T. Rowe Price Associates Inc /MD/ held 9,457,496 shares on 12/31/2012 worth $6,690,043,567. This brought the portfolio total to 1.96 percent.

Blackrock Institutional Trust Company N.A. held 7,236,044 shares on 12/31/2012 worth $5,118,632,840. This brought the portfolio total to 1.19 percent.

Jpmorgan Chase & Co held 6,386,120 shares on 12/31/2012 worth $4,517,413,597. This brought the portfolio total to 1.57 percent.

Capital World Investors held 6,314,486 shares on 12/31/2012 worth $4,466,741,138. This brought the portfolio total to 1.66 percent.

Bank of New York Mellon Corp held 4,586,974 shares on 12/31/2012 worth $3,244,733,691. This brought the portfolio total to 1.15 percent.

Invesco Ltd. held 4,016,989 shares on 12/31/2012 worth $2,841,537,698. This brought the portfolio total to 1.5 percent.

Capital Research Global Investors held 3,895,729 shares on 12/31/2012 worth $2,755,760,799. This brought the portfolio total to 1.32 percent.

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