Will Sina’s Rumors Concerning Alibaba Confuse These Top Institutional Shareholders?

Sina Corp. (NASDAQ:SINA), the Chinese Internet company,  has denied rumors that e-commerce giant Alibaba Group Holding Ltd. will be buying a 15 to 20% stake in its Sina Weibo microblogging service. Sina clarified that they have normal business relations with Alibaba.

Will Sina Corp.’s shareholders increase their holdings? They reported owning a total of 49.621 million shares on 09/30/2012. The shares closed at $64.68 on 09/30/2012.

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Here are the eight largest positions in Sina Corp. at the end of September 30th, 2012.

Fil Ltd. held 5,322,330 shares on 09/30/2012 worth $344,248,306. This brought the portfolio total to 2.24%.

Price T, Rowe Associates Inc, /MD/ held 4,877,948 shares on 09/30/2012 worth $315,505,678. This brought the portfolio total to 0.09%.

Platinum Investment Management Ltd. held 4,092,781 shares on 09/30/2012 worth $264,721,076. This brought the portfolio total to 6.48%.

Wells Fargo & Co./MN held 3,503,543 shares on 09/30/2012 worth $226,609,162. This brought the portfolio total to 0.13%.

Morgan Stanley held 1,640,908 shares on 09/30/2012 worth $106,133,930. This brought the portfolio total to 0.06%.

FMR LLC. held 1,297,122 shares on 09/30/2012 worth $83,897,851. This brought the portfolio total to 0.02%.

Waddell & Reed Financial Inc. held 1,058,500 shares on 09/30/2012 worth $68,463,780. This brought the portfolio total to 0.16%.

Goldman Sachs Group Inc. held 999,100 shares on 09/30/2012 worth $64,621,790. This brought the portfolio total to 0.03%.

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