Will Nexen’s Decline in Shares Cause These Top Institutional Shareholders To Turn Away?

Nexen, Inc. (NYSE:NXY):  Over the the weekend, the Canadian Government blocked a $5.2 billion buyout offer by a Malaysian state company for Progress Energy Resources Corp. The move is an indication of Canada’s approach to investment by foreign state-owned companies and came as a Chinese state-owned firm has proposed to buy Nexen, Inc. in a $15.1 billion deal. Shares of Nexen Inc. fell 11%.

Will Nexen, Inc.’s shareholders decrease their holdings? They reported owning a total of 11.1 million shares on 09/30/2012. Their shares closed at $25.34 on 09/30/2012.

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Here are the ten largest positions in Nexen Inc. at the end of September 30th, 2012.

Oxford Asset Management held 4,602,170 shares on 09/30/2012 worth $116,618,989. This brought the portfolio total to 1.72%.

Bank of New York Mellon Corp held 4,538,676 shares on 09/30/2012 worth $115,010,051. This brought the portfolio total to 0.04%.

AGF Investments Inc. held 996,260 shares on 09/30/2012 worth $25,245,229. This brought the portfolio total to 0.3%.

Nomura Holdings Inc held 311,807 shares on 09/30/2012 worth $7,901,189. This brought the portfolio total to 0.08%.

Hexavest Inc. held 282,178 shares on 09/30/2012 worth $7,150,391. This brought the portfolio total to 0.17%.

Shell Asset Management Co held 197,462 shares on 09/30/2012 worth $5,003,687. This brought the portfolio total to 0.1%.

Acuity Investment Management Inc held 64,000 shares on 09/30/2012 worth $1,621,760. This brought the portfolio total to 0.14%.

FBR & Co. held 40,000 shares on 09/30/2012 worth $1,013,600. This brought the portfolio total to 0.05%.

Capstone Asset Management Co held 32,312 shares on 09/30/2012 worth $818,786. This brought the portfolio total to 0.03%.

Boyd Watterson Asset Management LLC/OH held 18,798 shares on 09/30/2012 worth $476,341. This brought the portfolio total to 0.3%.

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