Will Staples’ Top Institutional Shareholders Sell More After Earnings?

In 2012, Staples’ (NASDAQ:SPLS) shares are down 17.28 percent. On Wednesday, the company reported its second-quarter earnings dropped 32 percent from the previous year thanks to a tax refund from an unexpected fall in North American sales and slowness from abroad.

Staples said it now expects its earnings per share to increase in a low single-digit percentage from flat sales in 2012 after previously forecasting a high single-digit increase on a low single-digit sales jump.

Chairman and Chief Executive Ron Sargent said North America sales were softer than anticipated and added in the company’s press release, “We’re taking a hard look at each of our businesses, and we plan to make significant changes to improve results. We’re also building a plan to reallocate resources, take advantage of our best growth opportunities, and drive increased cost savings.”

From the company’s weak second quarter numbers and slashed 2012 forecast, will Staples largest shareholders decrease their holdings? 612 institutional firms indicated owning shares of Staples, Inc. (NASDAQ:SPLS) in Q2 2012. These firms reported owning a total of 549.749 million shares on 06/30/2012. The shares closed at $13.05 on 06/30/2012.

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

State Street Corp held 30,435,448 shares on 06/30/2012 worth $397,182,602. This brought the portfolio total to 0.06%.

Pzena Investment Management LLC held 30,320,109 shares on 06/30/2012 worth $395,677,428. This brought the portfolio total to 4.63%.

FMR LLC held 29,287,371 shares on 06/30/2012 worth $382,200,197. This brought the portfolio total to 0.07%.

Vanguard Group Inc held 28,620,371 shares on 06/30/2012 worth $373,495,847. This brought the portfolio total to 0.05%.

Blackrock Institutional Trust Company N.A. held 18,372,495 shares on 06/30/2012 worth $239,761,063. This brought the portfolio total to 0.06%.

Macquarie Group Ltd held 18,272,544 shares on 06/30/2012 worth $238,456,703. This brought the portfolio total to 0.65%.

Price T Rowe Associates Inc /MD/ held 18,030,828 shares on 06/30/2012 worth $235,302,309. This brought the portfolio total to 0.07%.

International Value Advisers LLC held 14,158,029 shares on 06/30/2012 worth $184,762,281. This brought the portfolio total to 3.68%.

Thornburg Investment Management Inc held 13,482,442 shares on 06/30/2012 worth $175,945,871. This brought the portfolio total to 0.86%.

Massachusetts Financial Services Co /MA/ held 13,387,652 shares on 06/30/2012 worth $174,708,861. This brought the portfolio total to 0.17%.

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