Will Barrick Gold’s Top Institutional Shareholders Benefit From This Stake Sale?

Barricks Gold (NYSE:ABX): Citing a slump in gold prices and a large debt burden, Barricks Gold will reportedly be putting three of its Australia-based mines up for sale, and has asked UBS and Bank of America’s Merrill Lynch (NYSE:BAC) to oversee the process. Zijin Mining and Shandong Gold, both of China, are seen as potential suitors for the stakes.

These institutional firms indicated owning shares of Barrick Gold Corporation in Q1 2013. They reported owning a total of 89.842 million shares on 03/31/2013. The shares closed at $29.40 on 03/31/2013.

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Here are the nine largest positions in Barrick Gold Corporation at the end of March 31st, 2013.

Blackrock advisors LLC held 19,334,100 shares on 03/31/2013 worth $568,423,000. This brought the portfolio total to 0.57%.

BMO Financial Corp held 17,095,925 shares on 03/31/2013 worth $502,620,188. This brought the portfolio total to 0.89%.

Bank of New York Mellon Corp. held 13,797,555 shares on 03/31/2013 worth $405,648,112. This brought the portfolio total to 0.13%.

Oldfield Partners LLP held 8,964,554 shares on 03/31/2013 worth $262,901,520. This brought the portfolio total to 13.17%.

Blackrock Group Ltd held 5,387,092 shares on 03/31/2013 worth $158,380,503. This brought the portfolio total to 0.12%.

Fiera Capital Corp. held 2,163,449 shares on 03/31/2013 worth $63,605,400. This brought the portfolio total to 0.64%.

Tetrem Capital Management Ltd. held 2,034,057 shares on 03/31/2013 worth $59,801,275. This brought the portfolio total to 1.9%.

Hexavest Inc. held 2,020,546 shares on 03/31/2013 worth $59,363,000. This brought the portfolio total to 1.08%.

Intact Investment Management Inc. held 1,500,500 shares on 03/31/2013 worth $44,114,699. This brought the portfolio total to 2.31%.

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