Are Telefonica S.A.’s Big Institutional Investors Optimistic About This Deal?

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For the year-to-date, Telefonica, S.A.’s (NYSE:TEF) shares are down 29.49 percent. The company is moving towards an IPO for its German unit and on Monday, Bloomberg reported it is preparing to do so with help from UBS AG (UBSN) and JPMorgan Chase & Co. (NYSE:JPM). Telefonica is looking to sell 20 percent of its share in the O2 division for about EUR 1.5 billion ($1.8 billion). It will do so this year but the final size will be determined based on demand.

Additional banks may assist with the sale.

With news of the two big banks assisting with the upcoming IPO, will Telefonica, S.A.’s largest shareholders increase their holdings? 5 institutional firms indicated owning shares of Telefonica, S.A. (NYSE:TEF) in Q2 2012. These firms reported owning a total of 118,636 shares on 06/30/2012. The shares closed at $13.10 on 06/30/2012.

Here are the ten largest positions in Telefonica, S.A. at the end of June 30th, 2012.

Gofen & Glossberg LLC /IL/ held 61,399 shares on 06/30/2012 worth $804,327. This brought the portfolio total to 0.05%.

Palladium Partners LLC held 40,928 shares on 06/30/2012 worth $536,157. This brought the portfolio total to 0.07%.

Boyd Watterson Asset Management LLC/OH held 13,459 shares on 06/30/2012 worth $176,313. This brought the portfolio total to 0.11%.

Ledyard National Bank held 2,850 shares on 06/30/2012 worth $37,335. This brought the portfolio total to 0.01%.

Fulton Bank N.A. held 0 shares on 06/30/2012 worth $0. This brought the portfolio total to %.

Loomis Sayles & Co LP held 24,221,305 shares on 03/31/2012 worth $397,471,611. This brought the portfolio total to 1.67%.

Franklin Resources Inc held 13,404,818 shares on 03/31/2012 worth $219,973,061. This brought the portfolio total to 0.15%.

Macquarie Group Ltd held 4,909,624 shares on 03/31/2012 worth $80,566,929. This brought the portfolio total to 0.21%.

Bank of America Corp/DE/ held 4,875,556 shares on 03/31/2012 worth $80,007,873. This brought the portfolio total to 0.04%.

Federated Investors Inc /PA/ held 4,441,641 shares on 03/31/2012 worth $72,887,328. This brought the portfolio total to 0.33%.

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