Is Boeing’s New Order Just What These Top Institutional Shareholders Wanted?

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Fast-growing Turkish Airlines commits to buying 70 narrow bodied aircraft worth $6.9 billion from Boeing (NYSE:BA) by 2021. According to Boeing the carrier’s commitment included 40 B737 MAX 8s, 10 B737 MAX 9s and 20 B737-800 aircraft, with an option for an additional 25 B737 MAX 8s. The order on Boeing comes on the heels of another order the airline placed on Boeing rival Airbus for 170 narrow bodied planes. Turkish Airlines earned revenues of nearly $8 billion last year and is targeting annual sales of $18 billion within the next seven years.

These institutional firms indicated owning shares of Boeing in Q1 2013. They reported owning a total of 3.741 million shares on 03/31/2013. The shares closed at $85.85 on 03/31/2013.

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Here are the ten largest positions in Boeing at the end of March 31, 2013.

Schafer Cullen Capital Management held 1,659,928 shares on 03/31/2013 worth $143,085,789. This brought the portfolio total to 1.82 percent.

Cullen Capital Management LLC held 732,450 shares on 03/31/2013 worth $63,137,188. This brought the portfolio total to 2.04 percent.

Cacti Asset Management held 203,775 shares on 03/31/2013 worth $17,565,404. This brought the portfolio total to 3.62 percent.

Mizuho Securities USA held 189,324 shares on 03/31/2013 worth $16,319,728. This brought the portfolio total to 0.92 percent.

Kempner Capital Management held 142,400 shares on 03/31/2013 worth $12,274,880. This brought the portfolio total to 4.89 percent.

First Citizens Bank & Trust held 130,374 shares on 03/31/2013 worth $11,238,238. This brought the portfolio total to 0.36 percent.

Abner Herrman & Brock held 106,124 shares on 03/31/2013 worth $9,147,888. This brought the portfolio total to 4.28 percent.

Premier Asset Management held 74,300 shares on 03/31/2013 worth $6,404,660. This brought the portfolio total to 2.1 percent.

Weston Capital Management held 54,345 shares on 03/31/2013 worth $4,684,539. This brought the portfolio total to 6.0 percent.

Chatham Capital Group held 53,357 shares on 03/31/2013 worth $4,599,373. This brought the portfolio total to 2.3 percent.

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