Will Brookfield’s Latest Deal Gratify These Top Institutional Shareholders?

Brookfield Asset Management Inc. (NYSE:BAM) announced a $414 million deal to acquire a portfolio of 19 apartment communities comprising 4,892 units located across North Carolina, South Carolina and Virginia from Babcock & Brown Residential. The portfolio is said to boast an average occupancy of 92% and is concentrated across the Charlotte and Raleigh-Durham submarkets that are witnessing robust economic and population growth. “The acquisition of this attractive portfolio adds to Brookfield’s significant multi-family platform and positions us for continued growth in this property sector,” said David Arthur, managing partner at Brookfield Asset Management.

Will Brookfield Asset Management Inc.’s shareholders increase their holdings? They reported owning a total of 111.436 million shares on 12/31/2012. The shares closed at $36.51 on 12/31/2012.

Here are the ten largest positions in Brookfield Asset Management Inc. at the end of December 31st, 2012.

BMO Financial Corp. held 31,217,412 shares on 12/31/2012 worth $1,144,118,197. This brought the portfolio total to 1.05%.

First Manhattan Co. held 11,712,629 shares on 12/31/2012 worth $429,267,871. This brought the portfolio total to 3.14%.

William Blair & Co./IL held 8,580,721 shares on 12/31/2012 worth $314,483,438. This brought the portfolio total to 1.51%.

Connor Clark & Lunn Investment Management Ltd. held 7,887,864 shares on 12/31/2012 worth $289,090,228. This brought the portfolio total to 2.97%.

Cibc World Markets Inc. held 7,848,037 shares on 12/31/2012 worth $287,630,568. This brought the portfolio total to 1.28%.

Mackenzie Financial Corp. held 5,703,183 shares on 12/31/2012 worth $209,021,666. This brought the portfolio total to 0.97%.

Greystone Managed Investments Inc. held 3,719,492 shares on 12/31/2012 worth $136,319,387. This brought the portfolio total to 1.78%.

Great West Life Assurance Co. /Can/ held 3,504,241 shares on 12/31/2012 worth $128,430,438. This brought the portfolio total to 0.86%.

Agf investments inc. held 2,752,898 shares on 12/31/2012 worth $100,893,716. This brought the portfolio total to 1.23%.

Legal & General Group PLC. held 2,499,443 shares on 12/31/2012 worth $91,604,590. This brought the portfolio total to 0.14%.

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