Will GE’s Giant Shareholders Buy More After These Contracts?

Year-to-date, General Electric’s (NYSE:GE) shares are up 14.68 percent. The company recently announced that GE Aviation won a near $9 million contract which will support surveillance systems such as the United States Marine Corps Ground-Based Operation Surveillance System program. The terms include lab testing assets, integration, the inertial reference unit, repairs and engineering support for the program.

The work will be conducted at the company’s Grand Rapids facilities with deliveries beginning this year through the end of 2017′s third quarter.

With the large surveillance contract, will General Electric’s largest shareholders increase their holdings? 1735 institutional firms indicated owning shares of General Electric Co. (NYSE:GE) in Q2 2012. These firms reported owning a total of 5.778 billion shares on 06/30/2012. The shares closed at $20.84 on 06/30/2012.

Here are the ten largest positions in General Electric Co. at the end of June 30th, 2012.

Vanguard Group Inc held 448,466,032 shares on 06/30/2012 worth $9,346,032,175. This brought the portfolio total to 1.28%.

State Street Corp held 387,079,582 shares on 06/30/2012 worth $8,066,738,548. This brought the portfolio total to 1.28%.

Blackrock Institutional Trust Company N.A. held 271,644,667 shares on 06/30/2012 worth $5,661,074,902. This brought the portfolio total to 1.35%.

Capital World Investors held 199,590,500 shares on 06/30/2012 worth $4,159,466,050. This brought the portfolio total to 1.56%.

FMR LLC held 171,931,857 shares on 06/30/2012 worth $3,583,059,926. This brought the portfolio total to 0.69%.

Bank of New York Mellon Corp held 163,460,773 shares on 06/30/2012 worth $3,406,522,534. This brought the portfolio total to 1.32%.

Northern Trust Corp held 158,062,485 shares on 06/30/2012 worth $3,294,022,212. This brought the portfolio total to 1.46%.

Price T Rowe Associates Inc /MD/ held 115,888,738 shares on 06/30/2012 worth $2,415,121,318. This brought the portfolio total to 0.76%.

Wellington Management Co LLP held 113,112,227 shares on 06/30/2012 worth $2,357,258,828. This brought the portfolio total to 0.88%.

Dodge & Cox held 109,733,550 shares on 06/30/2012 worth $2,286,847,199. This brought the portfolio total to 3.12%.

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