Will BP’s Potential Settlement Ease These Top Institutional Shareholders’ Concerns?

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Senators have joined across party lines to make a bipartisan protest against a settlement under discussion between the Justice Department and BP (NYSE:BP) that would minimize BP’s penalties under the Clean Water Act, 80 percent of which would have passed to Louisiana, Alabama, Mississippi, Florida and Texas, the five states engaged in restoration efforts after the Gulf oil spill.

Will BP’s shareholders increase their holdings? These firms reported owning a total of 1.2 million shares on 09/30/2012. The shares closed at $42.36 on 09/30/2012.

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Here are the ten largest positions in BP plc at the end of September 30th, 2012.

Neville Rodie & Shaw Inc held 464,845 shares on 09/30/2012 worth $19,690,834. This brought the portfolio total to 2.39%.

Kempner Capital Management Inc. held 201,995 shares on 09/30/2012 worth $8,556,508. This brought the portfolio total to 3.38%.

First Republic Investment Management Inc. held 74,620 shares on 09/30/2012 worth $3,160,903. This brought the portfolio total to 0.1%.

Cullinan Associates Inc held 73,303 shares on 09/30/2012 worth $3,105,115. This brought the portfolio total to 0.45%.

BB&T Corp held 71,192 shares on 09/30/2012 worth $3,015,693. This brought the portfolio total to 0.13%.

AKJ Asset Management LLC held 59,750 shares on 09/30/2012 worth $2,531,010. This brought the portfolio total to 1.93%.

Baxter Bros Inc held 51,188 shares on 09/30/2012 worth $2,168,324. This brought the portfolio total to 1.76%.

Windsor Financial Group LLC held 43,565 shares on 09/30/2012 worth $1,845,413. This brought the portfolio total to 1.21%.

Thompson Rubinstein Investment Management Inc /OR/ held 42,602 shares on 09/30/2012 worth $1,804,621. This brought the portfolio total to 0.94%.

Condor Capital Management held 24,966 shares on 09/30/2012 worth $1,057,560. This brought the portfolio total to 0.46%.

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