Will Dish Network’s Big Bond Investment Pay Off For These Top Institutional Shareholders?
The recent issuance of over $2 billion in bonds, in five year and seven year Senior notes, is indicative that Dish Network (NASDAQ:DISH) is moving ahead with large investments in its infrastructure, in departments “which may include wireless and spectrum-related strategic transactions,” the press release said. Dish Network is up against increasing competition with not only the likes of Netflix (NASDAQ:NFLX) and other streaming services and network providers, but now Intel (NASDAQ:INTC), which is scheduled to bring a web-based TV service to the market later this year. In order to diversify, Dish is rumored to be contemplating new avenues, such as mobile devices, to add to its core business. Chairman Charlie Ergen said recently that the introduction of a mobile network was a driving idea behind the firms purchase of Blockbuster, but regulatory delays have held up the process.
These institutional firms indicated owning shares of Dish Network Corp. (NASDAQ:DISH) in Q1 2013. They reported owning a total of 8,692 shares on 03/31/2013. The shares closed at $37.90 on 03/31/2013.
Here are the ten largest positions in Dish Network Corp. at the end of March 31st, 2013.
BB&T Corp. held 8,692 shares on 03/31/2013 worth $330,000. This brought the portfolio total to 0.01%.
Putnam Investment Management LLC held 13,869,600 shares on 12/31/2012 worth $504,853,461. This brought the portfolio total to 1.51%.
Dodge & Cox held 12,014,917 shares on 12/31/2012 worth $437,342,997. This brought the portfolio total to 0.59%.
Invesco LTD. held 10,442,683 shares on 12/31/2012 worth $380,113,677. This brought the portfolio total to 0.2%.
JPMorgan Chase & Co. held 10,192,861 shares on 12/31/2012 worth $371,020,156. This brought the portfolio total to 0.13%.
Blackrock Institutional Trust Company N.A. held 7,923,290 shares on 12/31/2012 worth $288,407,768. This brought the portfolio total to 0.07%.
Goldman Sachs Group Inc. held 7,750,067 shares on 12/31/2012 worth $282,102,451. This brought the portfolio total to 0.12%.
TIAA-CREF Investment Management LLC held 6,813,719 shares on 12/31/2012 worth $248,019,382. This brought the portfolio total to 0.22%.
Highbridge Capital Management LLC held 6,750,957 shares on 12/31/2012 worth $245,734,845. This brought the portfolio total to 3.88%.
Vanguard Group Inc held 6,638,023 shares on 12/31/2012 worth $241,624,047. This brought the portfolio total to 0.03%.
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