Will GM’s Pension Plan Assets Be What These Top Institutional Shareholders Desire?

General Motors Corporation (NYSE:GM)’s United States defined benefit pension plans earned asset returns of 11.6% in 2012 and ended the year 84% funded. Their underfunded position stood at $13.1 billion, slightly improved from the prior year. As previously announced during 2012, GM settled approximately $28 billion of their U.S. salaried pension liability through a combination of lump sum offers and annuitizations. Under current economic conditions, GM said that they expect no mandatory contributions to the U.S. defined benefit pension plans for at least five years. While the company will continue to evaluate opportunities to make voluntary cash contributions, they have no current plans to do so in 2013.

Will General Motors Corporation’s shareholders decrease their holdings? They reported owning a total of 316.518 million shares on 12/31/2012. The shares closed at $28.83 on 12/31/2012.

Here are the ten largest positions in General Motors Corporation at the end of December 31st, 2012.

J.P Morgan Chase & Co. held 34,574,505 shares on 12/31/2012 worth $996,782,977. This brought the portfolio total to 0.35%.

Vanguard Group Inc. held 23,170,059 shares on 12/31/2012 worth $667,992,799. This brought the portfolio total to 0.08%.

Blackrock Institutional Trust Company N.A. held 17,217,231 shares on 12/31/2012 worth $496,372,768. This brought the portfolio total to 0.12%.

Franklin Resources Inc. held 14,945,820 shares on 12/31/2012 worth $430,887,989. This brought the portfolio total to 0.27%.

State Street Corp. held 11,965,044 shares on 12/31/2012 worth $344,952,218. This brought the portfolio total to 0.05%.

NWQ Investment Management Co. LLC. held 11,592,709 shares on 12/31/2012 worth $334,217,800. This brought the portfolio total to 2.74%.

Taconic Capital Advisors L.P. held 10,325,865 shares on 12/31/2012 worth $297,694,687. This brought the portfolio total to 17.69%.

Susquehanna International Group LLP. held 8,869,700 shares on 12/31/2012 worth $255,713,000. This brought the portfolio total to 0.06%.

Orbis Holdings Ltd. held 8,085,760 shares on 12/31/2012 worth $233,112,460. This brought the portfolio total to 2.52%.

Northern Trust Corp. held 5,123,415 shares on 12/31/2012 worth $147,708,054. This brought the portfolio total to 0.06%.

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