Will CBS’s Lawsuit Against Dish Network Cause These Top Institutional Shareholders To Continue Watching?

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CBS Corporation (NYSE:CBS) is amending their lawsuit against Dish Network (NASDAQ:DISH), alleging that the latter concealed material facts relating to the development of their “autohop,” ad skipping technology during the negotiation of a retransmission agreement between the two companies in 2011. CBS contended in the filing that if they had “known that Dish had developed and intended to offer this service, CBS would not have entered into the retransmission agreement, on the terms set forth, in the current agreement.” A storm of litigation surrounds Dish Network’s Hopper DVR, which threatens ad revenues at major United States broadcast networks by allowing consumers to skip commercials while watching recorded shows.

Will CBS Corporation’s shareholders decrease their holdings? They reported owning a total of 7.776 million shares on 12/31/2012. The shares closed at $38.05 on 12/31/2012.

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Here are the ten largest positions in CBS Corporation at the end of December 31st, 2012.

Marathon Asset Management LLP. held 1,348,480 shares on 12/31/2012 worth $51,309,663. This brought the portfolio total to 1.18%.

Commerzbank Aktiengesellschaft /FI held 1,187,694 shares on 12/31/2012 worth $45,191,756. This brought the portfolio total to 0.36%.

Sei Trust Co. held 1,088,167 shares on 12/31/2012 worth $41,404,754. This brought the portfolio total to 0.61%.

Chevy Chase Trust Holdings Inc. held 431,454 shares on 12/31/2012 worth $16,416,824. This brought the portfolio total to 0.16%.

Shell Asset Management Co. held 404,013 shares on 12/31/2012 worth $15,372,694. This brought the portfolio total to 0.3%.

Contravisory Investment Management Inc. held 350,896 shares on 12/31/2012 worth $13,351,593. This brought the portfolio total to 3.32%.

BRC Investment Management Llc. held 332,972 shares on 12/31/2012 worth $12,669,584. This brought the portfolio total to 3.11%.

Texas Permanent School Fund held 326,827 shares on 12/31/2012 worth $12,435,767. This brought the portfolio total to 0.13%.

Channing Capital Management Llc. held 282,931 shares on 12/31/2012 worth $10,765,524. This brought the portfolio total to 1.14%.

Oakbrook Investments LLC. held 239,350 shares on 12/31/2012 worth $9,107,267. This brought the portfolio total to 0.3%.

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