Will Sina’s Top Institutional Investors Buy More After These Leadership Changes?

Year-to-date, Sina Corp.’s (NASDAQ:SINA) shares are up 10.78 percent. On Friday, the company announced that Chief Executive Charles Chao will become chairman, succeeding Yan Wang, who has stepped down. Wang will continue as a director and also oversee a charity foundation set up by Sina. Since May 2006, Chao has been a director and CEO.

He said of the changes, “Over the past several years, Mr. Wang has devoted most of his time and effort to charity work in China. “We are grateful that Mr. Wang will lead Sina’s charity effort and help the company contribute to a better society.”

With the naming of Chao as chairman, will Sina Corp.’s largest shareholders increase their holdings? 236 institutional firms indicated owning shares of Sina Corp. (NASDAQ:SINA) in Q2 2012. These firms reported owning a total of 47.762 million shares on 06/30/2012. The shares closed at $51.81 on 06/30/2012.

Here are the ten largest positions in Sina Corp. at the end of June 30th, 2012.

Fil Ltd held 5,448,610 shares on 06/30/2012 worth $282,292,492. This brought the portfolio total to 1.87%.

Price T Rowe Associates Inc /MD/ held 4,590,098 shares on 06/30/2012 worth $237,812,984. This brought the portfolio total to 0.07%.

Platinum Investment Management Ltd held 3,635,858 shares on 06/30/2012 worth $188,373,808. This brought the portfolio total to 4.97%.

Wells Fargo & Company/MN held 3,366,561 shares on 06/30/2012 worth $174,421,530. This brought the portfolio total to 0.11%.

Susquehanna International Group LLP held 1,913,500 shares on 06/30/2012 worth $99,138.

Morgan Stanley held 1,409,250 shares on 06/30/2012 worth $73,013,244. This brought the portfolio total to 0.04%.

Susquehanna International Group LLP held 1,262,400 shares on 06/30/2012 worth $65,405.

Schroder Investment Management Group held 1,208,703 shares on 06/30/2012 worth $62,622,904. This brought the portfolio total to 0.21%.

Waddell & Reed Financial Inc held 1,160,140 shares on 06/30/2012 worth $60,106,855. This brought the portfolio total to 0.15%.

FMR LLC held 1,135,599 shares on 06/30/2012 worth $58,835,386. This brought the portfolio total to 0.01%.

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