Will Dish Network’s Possible Closing Of Blockbuster Stores Cause These Top Institutional Shareholders To Lose Sleep?

Dish Network Corp. (NASDAQ:DISH) announced that they are likely to shut down about 300 Blockbuster stores which were either nearing the end of their leases or under-performing. The closure of these stores will result in the loss of about 3000 employees who were informed Friday. The video rental stores have been facing intense competition from Netflix and other online digital options that are available to consumers. Last year, Dish closed down about 500 Blockbuster stores.

Will Dish Network Corp.’s shareholders decrease their holdings? They reported owning a total of 539,179 shares on 12/31/2012. The shares closed at $36.40 on 12/31/2012.

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Here are the ten largest positions in Dish Network Corp. at the end of December 31st, 2012.

Beese Fulmer Investment Management Inc. held 203,642 shares on 12/31/2012 worth $7,412,569. This brought the portfolio total to 3.72%.

Shell Asset Management Co. held 61,816 shares on 12/31/2012 worth $2,250,102. This brought the portfolio total to 0.04%.

First Midwest Bank Trust Division held 56,980 shares on 12/31/2012 worth $2,074,072. This brought the portfolio total to 0.38%.

Penn Davis Mcfarland Inc. held 52,550 shares on 12/31/2012 worth $1,912,820. This brought the portfolio total to 0.48%.

Royal London Asset Management Ltd. held 49,970 shares on 12/31/2012 worth $1,818,908. This brought the portfolio total to 0.06%.

Centurylink Investment Management Co. held 35,450 shares on 12/31/2012 worth $1,290,380. This brought the portfolio total to 0.43%.

Oakbrook Investments LLC. held 21,005 shares on 12/31/2012 worth $764,582. This brought the portfolio total to 0.03%.

First Citizens Bank & Trust Co. held 18,838 shares on 12/31/2012 worth $685,703. This brought the portfolio total to 0.02%.

BB&T Corp. held 9,486 shares on 12/31/2012 worth $345,290. This brought the portfolio total to 0.02%.

Huntington National Bank held 9,150 shares on 12/31/2012 worth $333,060. This brought the portfolio total to 0.01%.

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