Are GE’s Heavyweight Investors Holding Shares Above $18?
So far in 2012, General Electric Co.’s (NYSE:GE) shares are up 1.28 percent. The company has entered into a “strategic investment agreement” with Brazil’s EBX Group. A portfolio has been created to hold numerous mining, logistics and oil-and-gas companies with the intent to participate in Brazilian industrial development projects–especially in oil and gas.
From it $300 million investment, GE will obtain an 0.8% preferred equity interest in the Centennial Asset Brazilian Equity Fund LLC and other EBX ventures.
Investing Insights: Will GE Double its Presence in This Market?
With the Brazilian agreement and opportunity to expand with oil and gas projects, will GE’s largest shareholders increase their holdings? 1218 institutional firms indicated owning shares of General Electric Co. (NYSE:GE) in Q1 2012. These firms reported owning a total of 3.031 billion shares on 03/31/2012 . The shares closed at $20.07 on 03/31/2012.
Here are the ten largest positions in General Electric Co. at the end of March 31st, 2012.
State Street Corp held 393,159,123 shares on 03/31/2012 worth $7,890,703,479.
Blackrock Institutional Trust Company N.A. held 270,325,989 shares on 03/31/2012 worth $5,425,442,517.
Bank of New York Mellon Corp held 157,616,304 shares on 03/31/2012 worth $3,163,359,173.
Dodge & Cox held 112,482,970 shares on 03/31/2012 worth $2,257,533,174.
General Electric Co held 94,650,322 shares on 03/31/2012 worth $1,899,631,934.
Franklin Resources Inc held 86,571,527 shares on 03/31/2012 worth $1,737,490,520.
Blackrock Group Ltd held 80,351,285 shares on 03/31/2012 worth $1,612,650,265.
Blackrock Fund Advisors held 78,189,535 shares on 03/31/2012 worth $1,569,263,944.
Bank of America Corp /de/ held 67,728,710 shares on 03/31/2012 worth $1,359,315,189.
Blackrock Advisors LLC held 51,995,604 shares on 03/31/2012 worth $1,043,551,756.
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