Will Barnes Noble’s Possible Store Closings Be Worrisome For These Top Institutional Shareholders?

Barnes & Noble (NYSE:BKS) Chief Executive Officer, Mitchell Klipper, informed the Wall Street Journal that the company might close about 20 stores a year over the course of the next decade. This will reduce the number of stores from 689 to around 450-500 by that time and it is a far cry from the time when the chain was opening 30 or more stores every year until 2009. Competition from online booksellers and digital books have upset the business model for this brick and mortar retailer who reported a weak holiday selling season at their stores as well as declining sales of their new Nook tablets. Regardless, Klipper feels the company has a good business model, even with 450 to 500 stores, as the combined book market between digital and physical is showing good growth.

Will  Barnes & Noble, Inc.’s shareholders decrease their holdings?They reported owning a total of 1.413 million shares on 12/31/2012. The shares closed at $15.09 on 12/31/2012.

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Here are the ten largest positions in Barnes & Noble, Inc. at the end of December 31st, 2012.

Oxford asset management held 310,205 shares on 12/31/2012 worth $4,680,993. This brought the portfolio total to 0.07%.

California Public Employees Retirement System held 263,661 shares on 12/31/2012 worth $3,978,645. This brought the portfolio total to 0.01%.

Calvert Investment Management Inc. held 221,044 shares on 12/31/2012 worth $3,335,554. This brought the portfolio total to 0.51%.

Qs Investors Llc. held 143,800 shares on 12/31/2012 worth $2,169,942. This brought the portfolio total to 0.04%.

Commerzbank Aktiengesellschaft /FI held 133,035 shares on 12/31/2012 worth $2,007,498. This brought the portfolio total to 0.02%.

Capstone Investment Advisors LLC. held 106,000 shares on 12/31/2012 worth $1,599,000. This brought the portfolio total to 0.01%.

Strs Ohio held 65,700 shares on 12/31/2012 worth $991,413. This brought the portfolio total to 0.0%.

Metropolitan Life Insurance Co./NY held 52,510 shares on 12/31/2012 worth $792,376. This brought the portfolio total to 0.01%.

Texas Permanent School Fund held 46,694 shares on 12/31/2012 worth $704,612. This brought the portfolio total to 0.01%.

Commonwealth Equity Services Inc. held 21,866 shares on 12/31/2012 worth $329,958. This brought the portfolio total to 0.01%.

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