Will Transocean’s Fleet Update Look Good To These Top Institutional Shareholders?

Transocean Ltd. (NYSE:RIG) issued a monthly fleet update summary and the value of new contracts or extensions since the January 17, 2013 fleet status report totals about $530 million. Estimated 2013 out of service time saw an increase of a net 136 days, including 90 days associated with rig maintenance on the Cajun Express and 75 days resulting from shipyard acceleration into 2013 from 2014 on the GSF Galaxy I. A preliminary review of anticipated projects are scheduled to begin in 2014, showing about 2,131 days of scheduled out of service time for Transocean’s fleet, and including nearly 1,534 days for High-Specification Floaters, 440 days for Midwater Floaters, and 157 days for High Specification Jackups.

Will Transocean Ltd.’s shareholders decrease their holdings? They reported owning a total of 240.846 million shares on 12/31/2012. The shares closed at $44.66 on 12/31/2012.

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Here are the eight largest positions in Transocean Ltd. at the end of December 31st, 2012.

FMR LLC. held 46,440,000 shares on 12/31/2012 worth $46,440,000. This brought the portfolio total to 0.01%.

Franklin Resources Inc. held 9,827,252 shares on 12/31/2012 worth $438,885,073. This brought the portfolio total to 0.28%.

UBS AG held 8,044,225 shares on 12/31/2012 worth $359,255,087. This brought the portfolio total to 0.43%.

WHV Investment Management Inc. held 7,766,454 shares on 12/31/2012 worth $346,849,834. This brought the portfolio total to 3.01%.

Fil Ltd. held 6,979,465 shares on 12/31/2012 worth $311,702,906. This brought the portfolio total to 2.04%.

Ontario Teachers Pension Plan board held 6,052,901 shares on 12/31/2012 worth $270,322,558. This brought the portfolio total to 1.78%.

Carl C. Icahn held 5,838,386 shares on 12/31/2012 worth $260,742,318. This brought the portfolio total to 2.03%.

Davis Selected Advisers held 5,329,402 shares on 12/31/2012 worth $238,011,093. This brought the portfolio total to 0.63%.

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