Will GlaxoSmithKline’s Attempt To Make Amends Satisfy These Top Institutional Shareholders?

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GlaxoSmithKline plc (NYSE:GSK) was recently fined $3 billion for having allegedly concealed safety issues. They are seeking to make amends by offering other researchers detailed data from their clinical trials. The company believes their action will  not only help in the development of new drugs, but will put the industry in a better light.

Will GlaxoSmithKline’s shareholders decrease their holdings. They reported owning a total of 1.142 million shares on 09/30/2012. The shares closed at $46.24 on 09/30/2012.

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

Confluence Investment Management LLC held 317,370 shares on 09/30/2012 worth $14,675,189. This brought the portfolio total to 1.27%.

Honeywell International Inc held 211,400 shares on 09/30/2012 worth $9,775,136. This brought the portfolio total to 0.32%.

Calvert Investment Management Inc. held 104,686 shares on 09/30/2012 worth $4,840,681. This brought the portfolio total to 0.74%.

Farmers Trust Co held 89,176 shares on 09/30/2012 worth $4,123,498. This brought the portfolio total to 1.62%.

BB&T Corp held 87,715 shares on 09/30/2012 worth $4,055,942. This brought the portfolio total to 0.17%.

Fulton Bank N.A. held 79,729 shares on 09/30/2012 worth $3,686,669. This brought the portfolio total to 0.47%.

Capstone Asset Management Co held 47,362 shares on 09/30/2012 worth $2,190,019. This brought the portfolio total to 0.09%.

Bonness Enterprises Inc held 23,700 shares on 09/30/2012 worth $1,095,888. This brought the portfolio total to 1.23%.

Cullinan Associates Inc held 23,271 shares on 09/30/2012 worth $1,076,051. This brought the portfolio total to 0.16%.

Gerry Farber LLC held 15,500 shares on 09/30/2012 worth $716,720. This brought the portfolio total to 0.63%.

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