July 30, 2010  Print Email | Institutional giants rule the technology share roost
The Cher cheek of it all
Posted by Cher Price at 09:50 AM GMT on Mar 04, 2009 | EVER WONDERED who really owns the shares in companies like Intel, Microsoft and AMD? I often have. Large blocks of shares are constantly moving to and fro in the different stock markets around the world. Before ATI sold itself to AMD, Fidelity decided to own a large chunk of the Canadian company. Talking to ATI's partners before the sale was announced, it was obvious this was viewed as significant - at one point Fidelity owned 18 per cent of its shares.
Luckily, under US regulatory rules, these matters have to be disclosed, and it’s illuminating to see where the big financial institutions are putting their money, especially during this particular meltdown.
What isn’t disclosed is who makes the call at the large investors to buy or to sell massive numbers of shares at any given time.
The nature of the institutional investors is also interesting. Why for example, does Oppenheimer think it’s worth holding 81 million shares in AMD? State Street Global Advisors, which holds a large number of shares in Intel and Microsoft, and a much smaller stake in AMD is here. When you load up the page you see little flashing lights across the world, which unfortunately look like hot spots but we think are meant to be SSGA offices. It’s invested in $1.4 trillion assets according to its own web site and it’s run by a man called Scott Powers. We guess he’s always welcome at the offices of Intel, Microsoft and AMD.
TIIA-CREF describes itself as providing “financial servies for the greater good”, and offers retirement planning and advice.
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Intel
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AMD
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Microsoft
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State Street
Global Advisors (217M) †
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Oppenheimer
Funds (81M) †
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State Street
Global Advisors (294M) †
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Barclays Global
Investors (213M)
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Vanguard
Group (25M) †
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Barclays Global Investors (283M)
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Vanguard Group (178M) †
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Barclays
Global Investors (24M) †
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Capital World
Investors (271M) †
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Capital Research (153M)
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State Street
Global Advisors (21M) †
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Capital Research (253M)
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Capital World
Investors (112M) †
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Alliance
Bernstein (11M)
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Vanguard Group (252M) †
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Fidelity
Management (81M) †
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Caisse de Depot
et Placement
du Quebec (7M) †
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Fidelity
Management (133M)
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TIAA-CREF (59M) †
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Renaissance
Techologies (6M) †
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T Rowe Price
Associates (119M)
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Harris Associates (56M)
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Capital
Research (5.8M)
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Wellington
Management (113M)
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MFS Investment
Management (53M) †
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Capital
International (4.8M)
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TIAA-CREF (74.5M)
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BNY Mellon Wealth
Management (53M)
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Northern
Trust (4.8M) †
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BNY Mellon Wealth
Management (71.5M)
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The † symbol means that the institution concerned upped its stakes in the particular company, as of the 31st of December last. These can be very large shifts. For example, Capital World Investors, in the INTC column, doubled it shares in a quarter by buying 65 million more shares.
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