Will Glu Mobile’s Top Institutional Shareholders Double Down on Gambling?

Glu Mobile (NASDAQ:GLUU) announced a strategic partnership with Probability PLC, the U.K.’s only pure-play, publicly traded, mobile gaming company, for developing mobile gambling. Real money mobile gaming is viewed by Glu as an opportunity to extend the reach of its successful original IP to markets where the U.K. company can do business, such as in the U.K. and Italy.

Will Glu Mobile’s shareholders increase their holdings? These firms reported owning a total of 12,117 shares on 09/30/2012. The shares closed at $4.64 on 09/30/2012.

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

Tradeworx Inc. held 12,117 shares on 09/30/2012 worth $56,223. This brought the portfolio total to 0.04%.

Nea Management Company LLC held 5,943,793 shares on 06/30/2012 worth $32,988,052. This brought the portfolio total to 1.61%.

Alphaone Investment Services LLC held 3,233,900 shares on 06/30/2012 worth $17,948,146. This brought the portfolio total to 5.5%.

Allianz Asset Management of America L.P. held 2,371,465 shares on 06/30/2012 worth $13,161,631. This brought the portfolio total to 0.02%.

Columbia Partners LLC investment management held 2,224,931 shares on 06/30/2012 worth $12,348,367. This brought the portfolio total to 0.62%.

Becker Drapkin Management L.P. held 1,795,500 shares on 06/30/2012 worth $9,965,025. This brought the portfolio total to 8.97%.

Wells Fargo & Company/MN held 1,759,337 shares on 06/30/2012 worth $9,764,321. This brought the portfolio total to 0.01%.

SRS Investment Management LLC held 1,710,000 shares on 06/30/2012 worth $9,490,500. This brought the portfolio total to 1.4%.

Blackrock Institutional Trust Company N.A. held 1,562,733 shares on 06/30/2012 worth $8,673,168.

Archon Capital Management LLC held 1,328,800 shares on 06/30/2012 worth $7,374,840. This brought the portfolio total to 3.98%.

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Don’t Miss: Glu Mobile Dumps More Bad News on Zynga.