Will Panasonic’s Turnaround Plan Make These Top Institutional Shareholders Jump Up And Cheer?

Panasonic Corporation (NYSE:PC) is preparing to offload assets worth ¥110 billion before the end of March as they focus on a turnaround plan that aims to earn a group operating profit of at least ¥200 billion by March 2014. In addition to this ‘garage sale’ of non-core assets, Panasonic is also intending to cut an additional 10,000 jobs by the end March to trim costs.

Will Panasonic Corporation’s shareholders decease their holdings? They reported owning a total of 32.67 million shares on 09/30/2012. The shares closed at $6.57 on 09/30/2012.

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Here are the ten largest positions in Panasonic Corporation at the end of September 30th, 2012.

Dodge & Cox held 29,026,188 shares on 09/30/2012 worth $190,702,060. This brought the portfolio total to 0.25%.

Renaissance Technologies LLC. held 1,461,300 shares on 09/30/2012 worth $9,600,741. This brought the portfolio total to 0.03%.

Bank of New York Mellon Corp. held 449,702 shares on 09/30/2012 worth $2,954,542. This brought the portfolio total to 0.0%.

World Asset Management Inc. held 337,217 shares on 09/30/2012 worth $2,215,516. This brought the portfolio total to 0.05%.

Northern Trust Corp. held 319,623 shares on 09/30/2012 worth $2,099,923. This brought the portfolio total to 0.0%.

Aperio Group LLC. held 184,234 shares on 09/30/2012 worth $1,210,417. This brought the portfolio total to 0.05%.

Comerica Bank held 120,952 shares on 09/30/2012 worth $794,655. This brought the portfolio total to 0.01%.

Capstone Asset Management Co. held 112,271 shares on 09/30/2012 worth $737,620. This brought the portfolio total to 0.03%.

Invesco Ltd. held 93,074 shares on 09/30/2012 worth $611,496. This brought the portfolio total to 0.0%.

Financial Counselors Inc. held 91,906 shares on 09/30/2012 worth $603,822. This brought the portfolio total to 0.06%.

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