Will Arena’s Goliath Shareholders Buy More After the Beliviq Approval?

So far in 2012, Arena Pharmaceuticals, Inc.’s (NASDAQ:ARNA) shares are up 383.42 percent. Recently the company received approval for its anit-obesity drug, Belviq; it is now seeking European Union approval for it. It already has an agreement with the Japanese pharmaceutical maker Eisai Inc.  for marketing Belviq in North and South America.

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In August, the company was a takeover target for its biotech group.

With its Belviq approval and takeover rumors, will Arena Pharamceuticals’ largest shareholders increase their holdings? 211 institutional firms indicated owning shares of Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) in Q2 2012. These firms reported owning a total of 94.315 million shares on 06/30/2012. The shares closed at $9.98 on 06/30/2012.

Here are the ten largest positions in Arena Pharmaceuticals, Inc. at the end of June 30th, 2012.

Vanguard group Inc held 11,312,510 shares on 06/30/2012 worth $112,898,845. This brought the portfolio total to 0.02%.

Wellington Management Co LLP held 9,406,811 shares on 06/30/2012 worth $93,879,969. This brought the portfolio total to 0.04%.

State Street Corp held 5,897,618 shares on 06/30/2012 worth $58,858,225. This brought the portfolio total to 0.01%.

Blackrock Institutional Trust Company N.A. held 5,289,414 shares on 06/30/2012 worth $52,788,349. This brought the portfolio total to 0.01%.

Blackrock Fund Advisors held 5,177,360 shares on 06/30/2012 worth $51,670,050. This brought the portfolio total to 0.03%.

Susquehanna International Group LLP held 4,816,200 shares on 06/30/2012 worth $48,066. This brought the portfolio total to 0.0%.

FMR LLC held 4,377,073 shares on 06/30/2012 worth $43,683,187. This brought the portfolio total to 0.01%.

Susquehanna International Group LLP held 3,857,300 shares on 06/30/2012 worth $38,496. This brought the portfolio total to 0.0%.

Oppenheimer Funds Inc held 3,000,000 shares on 06/30/2012 worth $29,939,999. This brought the portfolio total to 0.05%.

Group One Trading L.P. held 2,883,200 shares on 06/30/2012 worth $28,774,340. This brought the portfolio total to 1.42%.

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