Gap Inc. (NYSE:GPS) made a foray into the luxury apparel market with their acquisition of women’s fashion boutique chain, Intermix Inc., for $130 million. The acquisition gives Gap access to designers such as Herve Leger, Yves Saint Laurent and Rag & Bone who have ongoing relationships with Intermix. Apart from the expansion into luxury clothing, Intermix will also help Gap keep in tune with fashion trends and get the latest apparel into their stores more quickly.
Will Gap Inc.’s shareholders increase their holdings? They reported owning a total of 261.871 million shares on 09/30/2012. The shares closed at $35.51 on 09/30/2012.
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Here are the ten largest positions in Gap Inc. at the end of September 30th, 2012.
RBS Partners L. P. /CT held 19,334,733 shares on 09/30/2012 worth $691,796,723. This brought the portfolio total to 12.43%.
Lone Pine Capital Llc. held 16,382,475 shares on 09/30/2012 worth $586,164,936. This brought the portfolio total to 3.56%.
Vanguard Group Inc. held 13,967,893 shares on 09/30/2012 worth $499,771,194. This brought the portfolio total to 0.06%.
State Street Corp. held 11,982,544 shares on 09/30/2012 worth $428,735,410. This brought the portfolio total to 0.06%.
Winslow Capital Management Llc. held 10,244,831 shares on 09/30/2012 worth $366,560,041. This brought the portfolio total to 1.14%.
FMR LLC. held 8,922,067 shares on 09/30/2012 worth $319,231,546. This brought the portfolio total to 0.06%.
Blackrock Institutional Trust Company N.A. held 8,596,626 shares on 09/30/2012 worth $307,587,268. This brought the portfolio total to 0.07%.
Invesco Ltd. held 7,355,036 shares on 09/30/2012 worth $263,163,179. This brought the portfolio total to 0.14%.
Bank of New York Mellon Corp. held 5,747,353 shares on 09/30/2012 worth $205,640,283. This brought the portfolio total to 0.08%.
J.P Morgan Chase & Co. held 5,317,647 shares on 09/30/2012 worth $190,265,403. This brought the portfolio total to 0.07%.
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