What Will These Top Institutional Shareholders Think of Gap’s March Sales?

Globally, net sales for The Gap Inc. (NYSE:GPS) grew 7 percent for the month of March, over the same period last year. Banana Republic was up one percent, and Old Navy slipped two percent. “Overall, we’re pleased with the month and are focused on selling our strong spring product to customers across all brands and channels globally,” said Glenn Murphy, chairman and CEO of Gap Inc. Although same store sales slid 1 percent, the company attributed this to a calendar tweak tied to Easter.

These institutional firms indicated owning shares of Gap Inc. in Q1 2013. They reported owning a total of 638,121 shares on 03/31/2013. The shares closed at $35.26 on 03/31/2013.

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Here are the ten largest positions in Gap Inc. at the end of March 31st, 2013.

British Columbia Investment Management Corp. held 207,845 shares on 03/31/2013 worth $7,358,000. This brought the portfolio total to 0.08%.

First Citizens Bank & Trust Co. held 184,197 shares on 03/31/2013 worth $6,521,000. This brought the portfolio total to 0.21%.

Shell Asset Management Co. held 91,802 shares on 03/31/2013 worth $2,385,000. This brought the portfolio total to 0.0%.

Fruth Investment Management held 57,250 shares on 03/31/2013 worth $2,026,000. This brought the portfolio total to 1.14%.

Sumitomo Mitsui Asset Management Company LTD held 35,516 shares on 03/31/2013 worth $1,257,000. This brought the portfolio total to 0.04%.

Advantus Capital Management Inc. held 24,972 shares on 03/31/2013 worth $884,009. This brought the portfolio total to 0.04%.

Boston Private Bank & Trust Co. held 13,500 shares on 03/31/2013 worth $478,000. This brought the portfolio total to 0.03%.

Creative Planning held 8,321 shares on 03/31/2013 worth $295,000. This brought the portfolio total to 0.01%.

LS Investment Advisors LLC held 5,863 shares on 03/31/2013 worth $208,000. This brought the portfolio total to 0.03%.

Central Bank & Trust Co. held 5,739 shares on 03/31/2013 worth $203,000. This brought the portfolio total to 0.1%.

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