Will Big Lots’s Subpoena Agitate These Top Institutional Shareholders?

Big Lots Inc. (NYSE:BIG) received a subpoena from the Manhattan United States Attorney’s office on November 29 as the sale of their stock, worth $10 million, by Chief Executive Steven Fishman, is now under the investigators’ lens. Fresh information obtained by the Wall Street Journal reveals that ten executives of Big Lots sold stock that was worth an aggregated $23 million during March, ahead of news that led the company’s stock to decline precipitously. All these trades were made outside of pre-arranged trading plans.

Will Big Lots Inc.’s shareholders decrease their holdings? They reported owning a total of 58.345 million shares on 09/30/2012. The shares closed at $29.58 on 09/30/2012.

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Here are the ten largest positions in Big Lots Inc. at the end of September 30th, 2012.

Sasco Capital Inc. / CT/ held 4,918,000 shares on 09/30/2012 worth $145,474,440. This brought the portfolio total to 3.15%.

Vanguard Grou Inc. held 4,155,315 shares on 09/30/2012 worth $122,914,217. This brought the portfolio total to 0.02%.

LSV Asset Management held 3,428,070 shares on 09/30/2012 worth $101,402,310. This brought the portfolio total to 0.3%.

Capital Research Global Investors  held 3,286,200 shares on 09/30/2012 worth $97,205,796. This brought the portfolio total to 0.05%.

State Street Corp. held 2,571,960 shares on 09/30/2012 worth $76,078,577. This brought the portfolio total to 0.01%.

River Road Asset Management LLC. held 2,441,898 shares on 09/30/2012 worth $72,231,343. This brought the portfolio total to 1.14%.

Blackrock Institutional Trust Company N.A. held 1,614,658 shares on 09/30/2012 worth $47,761,584. This brought the portfolio total to 0.01%.

Perkins Investment Management LLC. held 1,453,146 shares on 09/30/2012 worth $42,984,059. This brought the portfolio total to 0.29%.

Invesco Ltd. held 1,450,341 shares on 09/30/2012 worth $42,901,087. This brought the portfolio total to 0.02%.

RBS Partners L.P. /CT held 1,427,397 shares on 09/30/2012 worth $42,222,403. This brought the portfolio total to 0.76%.

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