Will Baidu’s Top Institutional Shareholders Buy More After the New Browser?

For the year-to-date, Baidu, Inc.’s (NASDAQ:BIDU) shares are down 1.68 percent. The company just released its Baidu Explorer, a mobile browser for Android handsets. This launch comes a few weeks after the company announced its own mobile operating system and low-price smartphone.

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With the new app, Baidu believes it will bring additional traffic to its search engine. It also says the software is quicker than other browsers.

The browser comes in light of heightened competition from its rival, Qihoo 360. A few weeks ago, the software provider introduced its own search engine. From that time, Baidu’s shares have dropped almost 17 percent.

From the new app and the company’s effort to take on the competition, will Baildu’s largest shareholders increase their holdings? 608 institutional firms indicated owning shares of Baidu, Inc. (NASDAQ:BIDU) in Q2 2012. These firms reported owning a total of 213.803 million shares on 06/30/2012. The shares closed at $114.98 on 06/30/2012.

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

Baillie Gifford & Co held 26,261,382 shares on 06/30/2012 worth $3,019,533,791. This brought the portfolio total to 11.2%.

Price T Rowe Associates Inc /MD/ held 22,912,655 shares on 06/30/2012 worth $2,634,497,149. This brought the portfolio total to 0.83%.

Jennison Associates LLC held 7,542,031 shares on 06/30/2012 worth $867,182,750. This brought the portfolio total to 1.11%.

Waddell & Reed Financial Inc held 7,265,650 shares on 06/30/2012 worth $835,404,461. This brought the portfolio total to 2.04%.

Capital Research Global Investors held 6,932,750 shares on 06/30/2012 worth $797,127,618. This brought the portfolio total to 0.36%.

FMR LLC held 6,421,684 shares on 06/30/2012 worth $738,365,248. This brought the portfolio total to 0.14%.

Marsico Capital Management LLC held 6,231,344 shares on 06/30/2012 worth $716,479,954. This brought the portfolio total to 2.89%.

Vontobel Asset Management Inc held 5,855,219 shares on 06/30/2012 worth $673,233,100. This brought the portfolio total to 11.97%.

Oppenheimer Funds Inc held 5,780,092 shares on 06/30/2012 worth $664,594,998. This brought the portfolio total to 1.21%.

Ameriprise Financial Inc held 5,465,063 shares on 06/30/2012 worth $628,372,962. This brought the portfolio total to 0.48%.

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