Is GM’s Possible New Recall a Problem for These Top Institutional Shareholders?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

U.S. safety regulators have been investigating whether or not to add over a million General Motors (NYSE:GM) midsize cars to a recall for brake light problems. The National Highway Traffic Safety Administration has stated that it is investigating complaints concerning the 2004 to 2011 Chevrolet Malibu and the 2007 to 2009 Saturn Aura, reports the Associated Press. According to the safety agency, it is possible that the brake lights will fail to come on when the pedal is pressed. At other times, it is possible that the lights can illuminate for no reason. During 2009, GM recalled nearly 8,000 Pontiac G6 midsize cars from the 2005 model year for the same problem. In February, the government announced that it would be investigating whether to add 550,000 G6s sold from 2005 to 2009. Now, the agency has been looking into 97 complaints from Malibu and Aura owners about the same problems. These cars share many of the same parts with the G6, but on Tuesday, GM spokesmen were unsure if all three cars have the same brake lights.

These institutional firms indicated owning shares of General Motors in Q4 2012. They reported owning a total of 648.756 million shares on 12/31/2012. The shares closed at $28.83 on 12/31/2012.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Here are the ten largest positions in GM at the end of December 31, 2012.

Capital Research Global Investors held 80,550,250 shares on 12/31/2012 worth $2,322,263,701. This brought the portfolio total to 1.11%.

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

Berkshire Hathaway Inc held 25,000,000 shares on 12/31/2012 worth $720,749,998. This brought the portfolio total to 0.96%.

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

Price T Rowe Associates Inc /MD/ held 21,886,425 shares on 12/31/2012 worth $630,985,631. This brought the portfolio total to 0.19%.

Greenlight Capital Inc held 21,172,063 shares on 12/31/2012 worth $610,390,575. This brought the portfolio total to 9.56%.

Invesco Ltd. held 19,642,393 shares on 12/31/2012 worth $566,290,189. This brought the portfolio total to 0.3%.

Capital World Investors held 17,820,300 shares on 12/31/2012 worth $513,759,248. This brought the portfolio total to 0.19%.

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%.

Knowing which stocks have institutional support will help improve your investing skills, and teach you how to ride the waves of strong moves. In fact, “S = Support is Provided By Institutional Investors & Company Insiders” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute — click here and get our CHEAT SHEET stock picks now.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business