Will Lululemon’s Largest Shareholders Trim Positions After Analyst Concerns?

In 2012, Lululemon Athletica Inc. (NASDAQ:LULU) is up 59.17 percent. On Friday the stock was downgraded by KeyBanc Capital Markets on concerns of a “slowdown in shopping by wealthy U.S. consumers,” according to CBS News. Edward Yruma of KeyBanc Capital included Tiffany & Co. (NYSE:TIF) in his Lululemon research note as he downgraded Lululemon to a “Hold” rating from a “Buy.”

On Thursday, the jewelry company said it has endured slower sales growth and subsequently cut its forecast for 2012. Yruma pointed out that Tiffany cited a slowdown by U.S. wealthy shoppers.

This could affect Lululemon’s business as well (see $70 yoga pants). Yruma added that even though the company’s shares have risen 56 percent this year, they are pricey as compared to other fast-growing companies.

With Lululemon’s downgrade and concerns about a slowdown by wealthy shoppers, will Lululemon Athletica’s (NASDAQ:LULU) largest shareholders decrease their positions? 376 institutional firms indicated owning shares of Lululemon Athletica Inc. (NASDAQ:LULU) in Q1 2012. These firms reported owning a total of 109.704 million shares on 03/31/2012. The shares closed at $74.73 on 03/31/2012.

Here are the ten largest positions in Lululemon Athletica Inc. at the end of March 31st, 2012.

FMR LLC held 16,658,105 shares on 03/31/2012 worth $1,244,860,243. This brought the portfolio total to 0.22%.

Capital World Investors held 13,213,200 shares on 03/31/2012 worth $987,422,480. This brought the portfolio total to 0.35%.

Jennison Associates LLC held 9,683,378 shares on 03/31/2012 worth $723,638,870. This brought the portfolio total to 0.87%.

Columbia Wanger Asset Management LLC held 7,165,200 shares on 03/31/2012 worth $535,455,420. This brought the portfolio total to 2.32%.

Ameriprise Financial Inc held 5,373,983 shares on 03/31/2012 worth $401,597,768. This brought the portfolio total to 0.28%.

Lone Pine Capital LLC held 3,808,895 shares on 03/31/2012 worth $284,638,736. This brought the portfolio total to 1.73%.

Vanguard Group Inc held 3,451,230 shares on 03/31/2012 worth $257,910,429. This brought the portfolio total to 0.03%.

Susquehanna International Group LLP held 2,507,100 shares on 03/31/2012 worth $187,356,000. This brought the portfolio total to 0.06%.

JPMorgan Chase & Co held 2,321,243 shares on 03/31/2012 worth $173,466,497. This brought the portfolio total to 0.07%.

Gilder Gagnon Howe & Co LLC held 2,271,215 shares on 03/31/2012 worth $169,727,905. This brought the portfolio total to 0.02%.

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