Will GM’s Decision To Close Their German Plant Earlier Than 2016 Concern These Top Institutional Shareholders?

General Motors Corporation (NYSE:GM) is dealing with poor conditions at their Bochum plant in Germany which produces the “loss-making,” Opel brand. The situation is dire enough for GM to consider their closure earlier than 2016. Workers had been assured that the Bochum plant would close no sooner than 2016, but a letter by GM Vice Chairman, Stephen Girsky, to employees claims that the current labor agreement covers the Bochum factory only until January 1, 2015 and that the company is determined to close the plant and cut about 3000 jobs in view of the “catastrophic” situation in the European car market.

Will General Motors Corporation’s shareholders decrease their holdings? They reported owning a total of 10.339 million shares on 12/31/2012. The shares closed at $28.83 on 12/31/2012.

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

Atalanta Sosnoff Capital LLC. held 4,114,381 shares on 12/31/2012 worth $118,617,604. This brought the portfolio total to 2.91%.

Hexavest Inc. held 2,207,495 shares on 12/31/2012 worth $63,642,081. This brought the portfolio total to 1.23%.

Mackay Shields LLC. held 1,328,280 shares on 12/31/2012 worth $38,294,312. This brought the portfolio total to 1.92%.

South Texas Money Management Ltd. held 512,025 shares on 12/31/2012 worth $14,761,681. This brought the portfolio total to 1.26%.

Nordea Investment Management AB held 355,343 shares on 12/31/2012 worth $10,244,539. This brought the portfolio total to 0.07%.

Stoneridge Investment Partners LLC. held 239,772 shares on 12/31/2012 worth $6,912,627. This brought the portfolio total to 2.03%.

Shell Asset Management Co. held 236,992 shares on 12/31/2012 worth $6,832,479. This brought the portfolio total to 0.13%.

Sei Trust Co. held 209,100 shares on 12/31/2012 worth $6,028,353. This brought the portfolio total to 0.09%.

Acadian Asset Management LLC. held 188,790 shares on 12/31/2012 worth $5,442,816. This brought the portfolio total to 0.04%.

Regentatlantic Capital LLC. held 180,626 shares on 12/31/2012 worth $5,207,448. This brought the portfolio total to 0.75%.

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