Will Citigroup’s Global Overhaul Impress These Top Institutional Shareholders?

Citigroup (NYSE:C) has intentions overhaul its global operations over coming months, as new chief executive Mike Corbat is planning to free up resources in underperforming countries. The plans are intended to fund growth elsewhere as an attempt to both increase returns and take advantage of a mass pullback from some rivals. About 21 markets where returns and cost levels that were short of the new targets were earmarked for restructuring, and 18 were slated for “optimisation”. Citigroup will continue as normal in 48 countries and add more resources into a 20 more including Mexico, Singapore, India, Hong Kong and China.

These institutional firms indicated owning shares of Citigroup in Q4 2012. They reported owning a total of 2.13 billion shares on 12/31/2012. The shares closed at $39.55 on 12/31/2012.

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

Vanguard Group Inc held 125,758,538 shares on 12/31/2012 worth $4,975,007,936. This brought the portfolio total to 0.62%.

State Street Corp held 120,281,148 shares on 12/31/2012 worth $4,758,322,380. This brought the portfolio total to 0.69%.

FMR LLC held 86,616,583 shares on 12/31/2012 worth $3,426,552,142. This brought the portfolio total to 0.62%.

Capital World Investors held 79,340,074 shares on 12/31/2012 worth $3,138,693,436. This brought the portfolio total to 1.17%.

Blackrock Institutional Trust Company N.A. held 78,713,843 shares on 12/31/2012 worth $3,113,919,737. This brought the portfolio total to 0.73%.

JPMorgan Chase & Co held 58,600,639 shares on 12/31/2012 worth $2,318,241,359. This brought the portfolio total to 0.8%.

Wellington Management Co LLP held 48,819,333 shares on 12/31/2012 worth $1,931,292,881. This brought the portfolio total to 0.13%.

Bank of New York Pellon Corp held 38,375,309 shares on 12/31/2012 worth $1,518,127,277. This brought the portfolio total to 0.54%.

Invesco Ltd. held 37,941,648 shares on 12/31/2012 worth $1,500,971,647. This brought the portfolio total to 0.79%.

Northern Trust Corp held 36,731,980 shares on 12/31/2012 worth $1,453,117,179. This brought the portfolio total to 0.6%.

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