Will Barclay’s Strategic Overhaul Be Just What These Top Institutional Shareholders Are Looking For?

Barclays PLC. (NYSE:BCS), according to a report in the Financial Times, will undergo a massive cost-cutting exercise to reduce about £2 billion from their annual £20 billion cost through the implementation of a strategic overhaul to be unveiled tomorrow. At the heart of the program is retrenchment across investment banking in Asia and the shuttering may be partial to retail and commercial banking in some European territories. Anthony Jenkins, the new Chief Executive appointed in August, has already scrutinized 75 business lines of the bank and pledged to pull out of operations that are at odds with their value system, such as trading of food based commodities and tax avoidance through creative structuring. He has also pledged to relinquish his 2012 bonus in the wake of adverse publicity regarding the bank’s various alleged transgressions such as mis-selling of interest rate swaps, LIBOR manipulation and illegal payments in the Middle East.

Will Barclays PLC.’s shareholders decrease their holdings? They reported owning a total of 20.75 million shares on 12/31/2012. The shares closed at $17.32 on 12/31/2012.

Here are the ten largest positions in Barclays PLC. at the end of December 31st, 2012.

Scout Investments Inc. held 11,625,844 shares on 12/31/2012 worth $201,359,615. This brought the portfolio total to 2.76%.

J.P Morgan Chase & Co. held 2,192,176 shares on 12/31/2012 worth $37,968,488. This brought the portfolio total to 0.01%.

Lincluden Management Ltd. held 1,137,113 shares on 12/31/2012 worth $19,694,797. This brought the portfolio total to 1.26%.

Parametric Portfolio Associates LLC. held 782,203 shares on 12/31/2012 worth $13,547,756. This brought the portfolio total to 0.05%.

Bank of New York Mellon Corp. held 473,910 shares on 12/31/2012 worth $8,208,121. This brought the portfolio total to 0.0%.

World Asset Management Inc. held 380,825 shares on 12/31/2012 worth $6,595,889. This brought the portfolio total to 0.15%.

Aperio Group LLC. held 259,304 shares on 12/31/2012 worth $4,491,145. This brought the portfolio total to 0.15%.

BMO Financial Corp. held 244,354 shares on 12/31/2012 worth $4,232,211. This brought the portfolio total to 0.0%.

Cullen/Frost Bankers Inc. held 243,064 shares on 12/31/2012 worth $4,209,868. This brought the portfolio total to 0.14%.

Kempner Capital Management Inc. held 239,535 shares on 12/31/2012 worth $4,148,746. This brought the portfolio total to 1.75%.

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