Will Melco Crown’s Attempt To Raise Money Be A Good Thing For These Top Institutional Shareholders?

Melco Crown Entertainment Ltd. (NASDAQ:MPEL) hopes to raise between $175 million to $450 million by selling up to 1.2 billion shares in their Philippine unit, according to Macau Business, citing unidentified sources from The Philippine Star. The money generated from the share sale is to be used to assist in funding the construction of the Belle Grande Manila Bay casino resort, a joint venture.

Will Melco Crown Entertainment Ltd.’s shareholders increase their holdings? They reported owning a total of 153.032 million shares on 12/31/2012. The shares closed at $16.84 on 12/31/2012.

Here are the ten largest positions in Melco Crown Entertainment Ltd. at the end of December 31st, 2012.

Capital Research Global Investors held 35,689,847 shares on 12/31/2012 worth $601,017,029. This brought the portfolio total to 0.29%.

Columbia Wanger Asset Management LLC. held 11,285,903 shares on 12/31/2012 worth $190,054,608. This brought the portfolio total to 0.88%.

Oz Management L.P. held 9,207,773 shares on 12/31/2012 worth $155,058,899. This brought the portfolio total to 0.61%.

Luxor Capital Group L.P. held 8,413,822 shares on 12/31/2012 worth $141,688,764. This brought the portfolio total to 4.95%.

AllianceBernstein L.P. held 7,722,036 shares on 12/31/2012 worth $130,039,087. This brought the portfolio total to 0.16%.

Emerging Sovereign Group LLC. held 4,421,000 shares on 12/31/2012 worth $74,449,641. This brought the portfolio total to 7.66%.

Asian Century Quest Capital LLC. held 3,350,000 shares on 12/31/2012 worth $56,414,001. This brought the portfolio total to 10.83%.

Discovery Capital Management LLC. / CT held 3,151,000 shares on 12/31/2012 worth $53,062,840. This brought the portfolio total to 0.77%.

Azentus Capital Management Ltd. held 2,922,930 shares on 12/31/2012 worth $49,222,142. This brought the portfolio total to 10.14%.

Par Capital Management Inc. held 2,910,257 shares on 12/31/2012 worth $49,008,728. This brought the portfolio total to 2.13%.

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