Will Diageo’s Latest Acquisition Make These Top Institutional Shareholders Happy?

Diageo PLC. (NYSE:DEO) announced their agreement to acquire a 53.4% stake in the Indian firm United Spirits Ltd., owned by liquor baron Vijay Mallya, for $2.1 billion. Vijay Mallya will continue as chairman and his firm, United Breweries, will retain a 14.9% stake in United Spirits.

Will Diageo PLC’s shareholders increase their holdings? They reported owning a total of 12.422 million shares on 09/30/2012. The shares closed at $112.73 on 09/30/2012.

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Here are the ten largest positions in Diageo PLC/ at the end of September 30th, 2012.

Markel Corp. held 1,236,571 shares on 09/30/2012 worth $139,398,653. This brought the portfolio total to 6.09%.

Johnston Asset Management Corp. held 1,041,325 shares on 09/30/2012 worth $117,388,571. This brought the portfolio total to 8.47%.

Focused Investors LLC. held 713,700 shares on 09/30/2012 worth $80,455,403. This brought the portfolio total to 4.56%.

Frank Russell  Co. held 510,346 shares on 09/30/2012 worth $57,531,306. This brought the portfolio total to 0.13%.

Madison Investment Holdings Inc. held 422,444 shares on 09/30/2012 worth $47,622,114. This brought the portfolio total to 1.1%.

Cornerstone Capital Management Inc./MN held 420,541 shares on 09/30/2012 worth $47,407,588. This brought the portfolio total to 3.04%.

Gardner Russo & Gardner held 407,714 shares on 09/30/2012 worth $45,961,601. This brought the portfolio total to 0.67%.

General American Investors Co. Inc. held 350,000 shares on 09/30/2012 worth $39,455,501. This brought the portfolio total to 4.06%.

Geneva Investment Management of Chicago LLC. held 340,114 shares on 09/30/2012 worth $38,341,052. This brought the portfolio total to 0.94%.

Bartlett & Co. LLC. held 230,316 shares on 09/30/2012 worth $25,963,523. This brought the portfolio total to 1.49%.

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