Will Affymetrix’s Top Institutional Investors Support the New Financing?

In 2012, Affymextrix Inc.’s (NASDAQ:AFFX) shares are up 14.8 percent. On Tuesday, the company announced the pricing of its unsecured 4.00% Convertible Senior Notes in the principal amount of $105 million, due 2019. The notes will be converted into common stock at a conversion price of approximately $5.88 per share. Underwriters will also have an option to buy up to $10 million aggregate principal amount of additional notes with the identical terms and conditions to cover any over-allotments.

With the news of its convertible senior notes pricing, will Affymetrix’s largest shareholders increase their holdings?

154 institutional firms indicated owning shares of Affymetrix Inc. (NASDAQ:AFFX) in Q1 2012. These firms reported owning a total of 59.169 million shares on 03/31/2012. The shares closed at $4.27 on 03/31/2012.

Here are the ten largest positions in Affymetrix Inc. at the end of March 31st, 2012.

Orbimed Advisors LLC held 6,948,000 shares on 03/31/2012 worth $29,667,960. This brought the portfolio total to 0.88%.

Whv Investment Management Inc. held 4,129,363 shares on 03/31/2012 worth $17,632,380. This brought the portfolio total to 0.15%.

Vanguard Group Inc held 4,030,187 shares on 03/31/2012 worth $17,208,898. This brought the portfolio total to 0.0%.

Blackrock Fund Advisors held 3,563,192 shares on 03/31/2012 worth $15,214,830. This brought the portfolio total to 0.01%.

Hsbc Holdings Plc held 3,500,000 shares on 03/31/2012 worth $3,465,160. This brought the portfolio total to 0.02%.

Primecap Management Co/CA/ held 2,812,524 shares on 03/31/2012 worth $12,009,477. This brought the portfolio total to 0.02%.

Blackrock Advisors LLC held 2,716,877 shares on 03/31/2012 worth $11,601,065. This brought the portfolio total to 0.01%.

Ulys LLC held 2,500,000 shares on 03/31/2012 worth $10,675,000. This brought the portfolio total to 0.8%.

First Trust Advisors LP held 2,300,668 shares on 03/31/2012 worth $9,823,852. This brought the portfolio total to 0.08%.

AQR Capital Management LLC held 2,053,500 shares on 03/31/2012 worth $8,768,445. This brought the portfolio total to 0.05%.

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