Will GameStop’s Gloomy Guidance Bother These Top Institutional Shareholders?

GameStop (NYSE:GME) showed a stronger-than-expected 49.5 percent jump in its fourth-quarter profits on Thursday. However, this earnings beat was overshadowed by gloomy guidance, due to the industry’s preparations for a slowdown prior to the launch of PlayStation 4, Fox Business reported. According to the company, it earned $261.1 million, or $2.15 a share, last quarter, versus a profit of $174.7 million, or $1.27 a share, during the previous year. Excluding one-time items, the company earned $2.16 a share, which bested the Street’s view of $2.09. Total sales saw a 0.6 percent decline to $3.56 billion, versus consensus calls for $3.45 billion. However, same-store sales shrank 4.6 percent.

These institutional firms indicated owning shares of GameStop in Q4 2012. They reported owning a total of 171.944 million shares on 12/31/2012. The shares closed at $24.81 on 12/31/2012.

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Here are the ten largest positions in GameStop at the end of December 31, 2012.

FMR LLC held 18,623,985 shares on 12/31/2012 worth $467,275,786. This brought the portfolio total to 0.08 percent.

Vanguard Group Inc held 7,106,851 shares on 12/31/2012 worth $178,310,893. This brought the portfolio total to 0.02 percent.

RS Investment Management Co LLC held 6,956,758 shares on 12/31/2012 worth $174,545,059. This brought the portfolio total to 1.46 percent.

Royce & Associates LLC held 6,307,655 shares on 12/31/2012 worth $158,259,065. This brought the portfolio total to 0.51 percent.

State Street Corp held 5,873,162 shares on 12/31/2012 worth $147,357,635. This brought the portfolio total to 0.02 percent.

Invesco Ltd. held 5,053,444 shares on 12/31/2012 worth $126,790,911. This brought the portfolio total to 0.07 percent.

AJO LP held 4,872,400 shares on 12/31/2012 worth $122,248,517. This brought the portfolio total to 0.62 percent.

AllianceBernstein LP held 4,768,928 shares on 12/31/2012 worth $119,652,404. This brought the portfolio total to 0.14 percent.

American International Group Inc held 4,439,203 shares on 12/31/2012 worth $111,379,604. This brought the portfolio total to 0.83 percent.

AQR Capital Management LLC held 4,295,383 shares on 12/31/2012 worth $107,771,160. This brought the portfolio total to 0.49 percent.

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