Will SIRIUS XM Radio’s Top Institutional Shareholders Take Profits After Earnings?

Year-to-date, SIRIUS XM Radio Inc.’s (NASDAQ:SIRI) shares are up 33.52 percent. On Tuesday, the company announced its second quarter earnings report and saw a high-than-expected revenue increase of 13 percent to $837.5 million thanks to a price increase. This beat the $834.38 million estimates.

SIRIUS also raised its earnings outlook to $900 million, up from $875 million.

One topic the company did not address was its battle with its largest shareholder Liberty Media Corp (LMCA) for control. This move has been led by the billionaire John Malone.

With the quarter’s increasing revenue and higher earnings outlook, will SIRIUS XM Radio’s largest shareholders increase their holdings? 146 institutional firms indicated owning shares of SIRIUS XM Radio Inc. (NASDAQ:SIRI) in Q2 2012. These firms reported owning a total of 135.888 million shares on 06/30/2012. The shares closed at $1.85 on 06/30/2012.

Here are the ten largest positions in SIRIUS XM Radio Inc. at the end of June 30th, 2012.

HHR Asset Management LLC held 30,933,800 shares on 06/30/2012 worth $57,227,531. This brought the portfolio total to 3.59%.

Bank of New York Mellon Corp held 15,939,722 shares on 06/30/2012 worth $29,488,486. This brought the portfolio total to 0.01%.

Eagle Asset Management Inc held 12,469,325 shares on 06/30/2012 worth $23,068,252. This brought the portfolio total to 0.19%.

Mitsubishi UFJ Trust & Banking Corp held 7,688,813 shares on 06/30/2012 worth $14,224,304. This brought the portfolio total to 0.04%.

UBS Global Asset Management Americas Inc held 7,126,487 shares on 06/30/2012 worth $13,184,001. This brought the portfolio total to 0.02%.

State Board of Administration of Florida Retirement System held 7,000,757 shares on 06/30/2012 worth $12,951,401. This brought the portfolio total to 0.05%.

California State Teachers Retirement System held 6,793,428 shares on 06/30/2012 worth $12,567,842. This brought the portfolio total to 0.05%.

Alliancebernstein L.P. held 3,808,155 shares on 06/30/2012 worth $7,045,087. This brought the portfolio total to 0.01%.

State of Wisconsin Investment Board held 3,568,288 shares on 06/30/2012 worth $6,601,333. This brought the portfolio total to 0.03%.

Thompson Siegel & Walmsley LLC held 3,503,695 shares on 06/30/2012 worth $6,481,836. This brought the portfolio total to 0.14%.

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