What Will Sprint’s Top Institutional Shareholders Think of Dish Network’s Offer?

Shares of Sprint Nextel (NYSE:S) were popping Monday morning, following a $25.5 billion offer from Dish Network (NASDAQ:DISH) to buy the third largest wireless carrier out. The deal is aimed to trump an offer from Japan’s SoftBank Corp., which has put forth an offer for Sprint as well, which would amount to $20 billion for 70 percent of the company. No vote has been scheduled regarding that deal. The Dish offer puts a 12 percent premium on Sprint stock, and equates to roughly $7.00 per share.

These institutional firms indicated owning shares of Sprint Nextel Corp. in Q1 2013. They reported owning a total of 20.075 million shares on 03/31/2013. The shares closed at $6.21 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 Sprint Nextel Corp. at the end of March 31st, 2013.

Parametric Portfolio Associates LLC held 6,220,931 shares on 03/31/2013 worth $38,631,982. This brought the portfolio total to 0.13%.

Hexavest Inc. held 5,217,596 shares on 03/31/2013 worth $32,401,000. This brought the portfolio total to 0.59%.

Chevy Chase Trust Holdings Inc. held 2,102,449 shares on 03/31/2013 worth $13,056,208. This brought the portfolio total to 0.12%.

British Columbia Investment Management Corp held 1,951,310 shares on 03/31/2013 worth $12,118,000. This brought the portfolio total to 0.14%.

Employees Retirement System of Texas held 1,852,300 shares on 03/31/2013 worth $11,502,783. This brought the portfolio total to 0.16%.

Shell Asset Management Co. held 892,451 shares on 03/31/2013 worth $4,092,000.

Korea Investment Corp. held 446,400 shares on 03/31/2013 worth $2,772,144. This brought the portfolio total to 0.04%.

Sumitomo Mitsui Asset Management Company LTD held 345,961 shares on 03/31/2013 worth $2,148,000. This brought the portfolio total to 0.06%.

First Citizens Bank & Trust Co. held 276,636 shares on 03/31/2013 worth $1,718,000. This brought the portfolio total to 0.05%.

Advantus Capital Management Inc. held 254,230 shares on 03/31/2013 worth $1,578,768. This brought the portfolio total to 0.07%.

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.

More Articles About:   ,  

More from The Cheat Sheet