Will AIG’s Largest Investors Increase Their Holdings After the AIA Group Sale?

In 2012, American International Group, Inc.’s (NYSE:AIG) shares are up 49.09 percent. On Wednesday, the company will be allowed to sell its entire $7.6 billion share in AIA Group Ltd. According to Reuters, the insurer is expected to get rid of the entire stake. This will help pay off its debt to the U.S. government for its bailout.

In response to the sale of its AIA Group share, will American International Group’s largest shareholders increase their holdings? 658 institutional firms indicated owning shares of American International Group, Inc. (NYSE:AIG) in Q2 2012. These firms reported owning a total of 583.185 million shares on 06/30/2012. The shares closed at $32.09 on 06/30/2012.

Here are the ten largest positions in American International Group, Inc. at the end of June 30th, 2012.

Fairholme Capital Management LLC held 87,987,894 shares on 06/30/2012 worth $2,823,531,532. This brought the portfolio total to 41.09%.

State Street Corp held 26,400,406 shares on 06/30/2012 worth $847,189,033. This brought the portfolio total to 0.13%.

Vanguard Group Inc held 26,344,785 shares on 06/30/2012 worth $845,404,155. This brought the portfolio total to 0.12%.

Franklin Resources Inc held 18,879,585 shares on 06/30/2012 worth $605,845,886. This brought the portfolio total to 0.42%.

Wellington Management Co LLP held 17,457,042 shares on 06/30/2012 worth $560,196,480. This brought the portfolio total to 0.21%.

Blackrock Institutional Trust Company N.A. held 16,529,016 shares on 06/30/2012 worth $530,416,126. This brought the portfolio total to 0.13%.

Hotchkis & Wiley Capital Management LLC held 15,997,587 shares on 06/30/2012 worth $513,362,569. This brought the portfolio total to 3.25%.

Mackenzie Financial Corp held 15,456,461 shares on 06/30/2012 worth $495,997,836. This brought the portfolio total to 2.34%.

Starr International Co Inc held 13,928,284 shares on 06/30/2012 worth $446,958,636. This brought the portfolio total to 71.02%.

Steadfast Capital Management LP held 10,766,034 shares on 06/30/2012 worth $345,482,033. This brought the portfolio total to 10.94%.

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To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

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