Will Toyota’s Dismissal From A Class Action Suit Delight These Top Institutional Shareholders?

Toyota Motor Corporation’s (NYSE:TM) class action suit against them was denied by United States District Judge Cormac Carney on the grounds that most of the alleged class of plaintiffs that sued the company over a 2010 recall of Prius and Lexus models did not suffer any injury from the alleged defect. The judge also dismissed a claim by one of the four plaintiffs who sought to represent the other car owners affected by the recall for the same reason. Said a Toyota spokeswoman: “After nearly three years of litigating this matter, we are pleased that the court agrees that that no class exists and that plaintiffs are not entitled to any classwide relief in light of Toyota’s swift and effective market action to address their customers’ concerns.”

Will Toyota Motor Corp.’s shareholders increase their holdings? They reported owning a total of 4.705 million shares on 12/31/2012. The shares closed at $93.25 on 12/31/2012.

Start 2013 better than ever by saving time and making money with your Limited Time Offer for our highly-acclaimed Stock Picker Newsletter. Get our fresh Feature Stock Pick now!

Here are the ten largest positions in Toyota Motor Corp. at the end of December 31st, 2012.

Fisher Asset Management LLC. held 4,578,556 shares on 12/31/2012 worth $426,950,347. This brought the portfolio total to 1.18%.

Calvert Investment Management Inc. held 66,283 shares on 12/31/2012 worth $6,180,890. This brought the portfolio total to 0.95%.

BB & T Corp. held 35,271 shares on 12/31/2012 worth $3,289,021. This brought the portfolio total to 0.14%.

Huntington National Bank held 20,120 shares on 12/31/2012 worth $1,876,190. This brought the portfolio total to 0.05%.

Atria Investments LLC. held 3,069 shares on 12/31/2012 worth $286,184. This brought the portfolio total to 0.04%.

Creative Planning held 923 shares on 12/31/2012 worth $86,070. This brought the portfolio total to 0.0%.

Central Bank & Trust Co. held 536 shares on 12/31/2012 worth $49,982. This brought the portfolio total to 0.03%.

Trust Co. of Vermont  held 125 shares on 12/31/2012 worth $11,656. This brought the portfolio total to 0.0%.

Fisher Asset Management LLC. held 4,740,858 shares on 09/30/2012 worth $372,204,772. This brought the portfolio total to 1.03%.

Brandes Investment Partners L.P. held 1,553,403 shares on 09/30/2012 worth $121,957,673. This brought the portfolio total to 1.51%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.