Will EMC’s Record Full Year Cash Flow Captivate These Top Institutional Shareholders?

EMC Corporation (NYSE:EMC) reported fourth quarter earnings per share of $0.54 and revenue $6.03 billion, beating by $0.02 and $0.05 billion, respectively. Quarterly revenue is up 8% year-on-year and both fourth quarter and full year net income and EPS are at record highs. The company generated a record full-year operating cash flow of $6.3 billion and free cash flow of $5 billion. Joe Tucci, EMC Chairman and Chief Executive Officer, said, “EMC achieved its first $6 billion quarter for revenue, capping off a record breaking 2012. Driving our strong results is the strength of our leading-edge products and services, our solid operational and financial model, and consistent execution against our strategy. EMC remains squarely at the center of the most disruptive and opportunity-rich shift in IT history, propelled by the benefits of cloud computing, Big Data and trusted IT. These high-priority IT spending areas are core to our strategic focus and represent market segments where EMC has established leadership positions and competitive advantage.”

Will EMC Corporation’s shareholders decrease their holdings? They reported owning a total of 175.79 million shares on 12/31/2012. The shares closed at $25.30 on 12/31/2012.

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

Mackay Shields LLC. held 34,938,000 shares on 12/31/2012 worth $55,787,000. This brought the portfolio total to 2.8%.

Manning & Napier Advisors LLP. held 23,045,892 shares on 12/31/2012 worth $583,061,050. This brought the portfolio total to 3.05%.

Axa held 10,000,000 shares on 12/31/2012 worth $15,963,000. This brought the portfolio total to 0.1%.

Lateef Investment Management L.P. held 8,975,030 shares on 12/31/2012 worth $227,068,252. This brought the portfolio total to 5.46%.

AllianceBernstein L.P. held 6,957,727 shares on 12/31/2012 worth $176,030,488. This brought the portfolio total to 0.21%.

California Public Employees Retirement System held 5,179,894 shares on 12/31/2012 worth $131,051,314. This brought the portfolio total to 0.29%.

Westend Advisors LLC. held 5,125,463 shares on 12/31/2012 worth $129,674,210. This brought the portfolio total to 4.73%.

Manning & Napier Advisors LLC. held 4,430,000 shares on 12/31/2012 worth $7,070,000. This brought the portfolio total to 0.04%.

Harding Loevner L.P. held 4,216,575 shares on 12/31/2012 worth $106,679,344. This brought the portfolio total to 1.14%.

Strs Ohio held 3,614,473 shares on 12/31/2012 worth $91,446,164. This brought the portfolio total to 0.41%.

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