Will Green Dot’s Top Institutional Shareholders Sell After This Earth-Shattering News?

The Wal-Mart/AMEX Bluebird financial product gives cold feet to stocks of prepaid card providers such as Green Dot (NYSE:GDOT), down 18.6 percent, and NetSpend Holdings (NASDAQ:NTSP), which is lower by 7 percent. The revenue models of these companies are under threat by the slew of freebies offered by Bluebird.

Will Green Dot’s shareholders decrease their holdings? These firms reported owning a total of 33,936 shares on 09/30/2012. The shares closed at $12.23 on 09/30/2012.

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Here are the ten largest positions in Green Dot Corporation at the end of September 30th, 2012.

Shott Capital Management LLC held 33,936 shares on 09/30/2012 worth $415,037. This brought the portfolio total to 0.21%.

Price T Rowe Associates Inc /MD/ held 3,157,312 shares on 06/30/2012 worth $69,839,744. This brought the portfolio total to 0.02%.

SCFF Management LLC held 2,827,749 shares on 06/30/2012 worth $62,549,810. This brought the portfolio total to 41.41%.

Wellcome Trust Ltd (the) as trustee of the wellcome trust held 2,000,000 shares on 06/30/2012 worth $44,240,002. This brought the portfolio total to 1.93%.

Bamco Inc /NY/ held 1,960,119 shares on 06/30/2012 worth $43,357,834. This brought the portfolio total to 0.27%.

TCW Group Inc held 1,804,001 shares on 06/30/2012 worth $39,904,504. This brought the portfolio total to 0.2%.

Alliancebernstein L.P. held 1,699,944 shares on 06/30/2012 worth $37,602,763. This brought the portfolio total to 0.04%.

Vanguard Group Inc held 1,146,427 shares on 06/30/2012 worth $25,358,966.

Timessquare Capital Management LLC held 927,969 shares on 06/30/2012 worth $20,526,675. This brought the portfolio total to 0.15%.

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