Will Renren’s Largest Investors Buy More Shares on the Mobile Gaming Catalyst?

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For the year-to-date, Renren Inc.’s (NYSE:RENN) shares are up 29.01 percent. The company has just entered into a partnership with DeNa, the Japanese social gaming giant, that will put a dedicated Mobage section in Renren’s Android app. This will enable users to download games from the platform and use Renren IDs for logging in.

DeNA China VP Lou Fei said of the news, “DeNA China’s goal is to bring high-quality mobile games from around the world to the ever-increasing smartphone users in China. Mobage and Renren are complementary in terms of users and offerings, and DeNA hopes to pioneer China’s social gaming market together with Renren.”

From the company’s opportunity to expand with mobile games on its Android app, will Renren’s largest shareholders increase their holdings? 87 institutional firms indicated owning shares of Renren Inc (NYSE:RENN) in Q1 2012. These firms reported owning a total of 26.584 million shares on 03/31/2012. The shares closed at $5.52 on 03/31/2012.

Here are the ten largest positions in Renren Inc at the end of March 31st, 2012.

General Atlantic LLC held 9,000,000 shares on 03/31/2012 worth $49,680,000. This brought the portfolio total to 2.33%.

Morgan Stanley held 4,744,146 shares on 03/31/2012 worth $26,187,686. This brought the portfolio total to 0.01%.

Maverick Capital Ltd held 3,068,829 shares on 03/31/2012 worth $16,939,936. This brought the portfolio total to 0.24%.

Macquarie Group Ltd held 1,054,000 shares on 03/31/2012 worth $5,818,080. This brought the portfolio total to 0.01%.

Axa held 859,466 shares on 03/31/2012 worth $4,744,252. This brought the portfolio total to 0.03%.

TCS Capital Management LLC held 578,701 shares on 03/31/2012 worth $3,194,430. This brought the portfolio total to 1.98%.

Invesco Ltd. held 563,924 shares on 03/31/2012 worth $3,112,860. This brought the portfolio total to 0.0%.

California Public Employees Retirement System held 467,304 shares on 03/31/2012 worth $2,579,518. This brought the portfolio total to 0.01%.

Bank of America Corp /DE/ held 417,343 shares on 03/31/2012 worth $2,303,733. This brought the portfolio total to 0.0%.

Susquehanna International Group LLP held 413,000 shares on 03/31/2012 worth $2,280,000. This brought the portfolio total to 0.0%.

About the company: Renren, Inc. operates an Internet website. The Company operates a real-time social networking website that offers users the ability to communicate, share information and user-generated content, play online games, listen to music, shop for deals, and use other services.

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