Will Supervalu’s Job Cuts Bother These Top Institutional Shareholders?

According to Supervalu (NYSE:SVU), it will cut nearly 1,100 jobs across the country in an attempt to revamp its business after it sold  some of its supermarket chains. Supervalu has recently lost customers to rivals like Kroger Co and Wal-Mart Stores Inc, and in January, Supervalu announced a $3.3 billion deal to lower its debt by selling five of its supermarket chains to an investor group headed by Cerberus Capital Management LP. These job cuts will affect almost all company offices and cross most departments within the organization, stated the No. 3 U.S. grocery store operator. The company added that store level employees and SAVE-A-LOT, the company’s hard-discount retail chain, are not affected by the announcement.

These institutional firms indicated owning shares of Supervalu in Q4 2012. They reported owning a total of 209.73 million shares on 12/31/2012. The shares closed at $2.47 on 12/31/2012.

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Here are the ten largest positions in Supervalu at the end of December 31, 2012.

State Street Corp held 17,087,093 shares on 12/31/2012 worth $42,205,120. This brought the portfolio total to 0.01 percent.

Vanguard Group Inc held 13,063,383 shares on 12/31/2012 worth $32,266,556. This brought the portfolio total to 0.0 percent.

LSV Asset Management held 10,319,228 shares on 12/31/2012 worth $25,488,493. This brought the portfolio total to 0.08 percent.

Coatue Management LLC held 10,156,364 shares on 12/31/2012 worth $25,086,219. This brought the portfolio total to 0.41 percent.

Saba Capital Management LP held 8,157,254 shares on 12/31/2012 worth $20,148,418. This brought the portfolio total to 2.12 percent.

Blackrock Fund Advisors held 7,886,125 shares on 12/31/2012 worth $19,478,729. This brought the portfolio total to 0.01 percent.

Evercore Trust Company N.A. held 7,151,437 shares on 12/31/2012 worth $17,664,050. This brought the portfolio total to 0.07 percent.

Investec Asset Management Ltd held 6,477,500 shares on 12/31/2012 worth $15,999,425. This brought the portfolio total to 0.13 percent.

BNP Paribas Arbitrage SA held 5,595,562 shares on 12/31/2012 worth $13,821,038. This brought the portfolio total to 0.01 percent.

BlueMountain Capital Management LLC held 5,250,000 shares on 12/31/2012 worth $12,967,500. This brought the portfolio total to 0.91 percent.

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