Will Celgene’s Top Institutional Shareholders BUY More After the Stock Buyback?

In 2012, Celgene Corporation’s (NASDAQ:CELG) shares are down 1.92 percent. On Wednesday, the company announced that its Board of Directors authorized the repurchase of up to an additional $2.5 billion of its common stock. This will take place in an open-ended program and is effective immediately. The purchases will be made in either the open marketplace or in privately negotiated transactions at the discretion of the Celgene’s management and following Securities and Exchange Commission requirements.

With the news of the stock buyback, will Celgene’s largest shareholders increase their holdings? 811 institutional firms indicated owning shares of Celgene Corporation (NASDAQ:CELG) in Q1 2012. These firms reported owning a total of 355.348 million shares on 03/31/2012. The shares closed at $77.52 on 03/31/2012.

Here are the ten largest positions in Celgene Corporation at the end of March 31st, 2012.

Janus Capital Management LLC held 27,772,729 shares on 03/31/2012 worth $2,152,941,859. This brought the portfolio total to 2.23%.

Vanguard Group Inc held 18,410,848 shares on 03/31/2012 worth $1,427,208,875. This brought the portfolio total to 0.19%.

State Street Corp held 16,445,941 shares on 03/31/2012 worth $1,274,889,291. This brought the portfolio total to 0.2%.

Price T Rowe Associates Inc /MD/ held 15,072,302 shares on 03/31/2012 worth $1,168,404,800. This brought the portfolio total to 0.35%.

Jennison Associates LLC held 11,671,157 shares on 03/31/2012 worth $904,748,051. This brought the portfolio total to 1.09%.

Blackrock Institutional Trust Company N.A. held 11,375,842 shares on 03/31/2012 worth $881,855,234. This brought the portfolio total to 0.2%.

Capital World Investors held 11,141,500 shares on 03/31/2012 worth $863,689,043. This brought the portfolio total to 0.3%.

JPMorgan Chase & Co held 9,659,814 shares on 03/31/2012 worth $748,828,749. This brought the portfolio total to 0.3%.

FMR LLC held 9,282,116 shares on 03/31/2012 worth $719,549,601. This brought the portfolio total to 0.13%.

Invesco Ltd. held 8,028,216 shares on 03/31/2012 worth $622,347,277. This brought the portfolio total to 0.31%.

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