Will This Groupon Endorsement Attract These Top Institutional Shareholders?

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Investor Bill Miller gave Groupon (NASDAQ:GRPN) an unexpected endorsement on Friday, when he stated on CNBC that he liked the stock “a lot” and that he was “more attracted to stuff that has warts on it and hair and all that kind of stuff.” Miller is portfolio manager of the Legg Mason Opportunity Trust fund, which returned nearly 40 percent in 2012, and he acknowledged that fired Groupon CEO Andrew Mason is a “smart guy” and did a great job building the company, but he also stated that it is possible that the business was too complex for him to manage. Chairman Eric Lefkofsky and Vice Chairman Ted Leonisis plan to head the company on an interim basis.

These institutional firms indicated owning shares of Groupon in Q4 2012. They reported owning a total of 400.289 million shares on 12/31/2012. The shares closed at $4.86 on 12/31/2012.

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

NEA Management Company LLC held 87,453,072 shares on 12/31/2012 worth $425,021,942. This brought the portfolio total to 31.43 percent.

Tiger Global Management LLC held 65,000,000 shares on 12/31/2012 worth $315,900,009. This brought the portfolio total to 5.87 percent.

Morgan Stanley held 53,778,164 shares on 12/31/2012 worth $261,361,884. This brought the portfolio total to 0.15 percent.

Technology Crossover Management VII Ltd. held 19,043,356 shares on 12/31/2012 worth $92,550,713. This brought the portfolio total to 12.54 percent.

Davis Selected Advisers held 16,501,861 shares on 12/31/2012 worth $80,199,047. This brought the portfolio total to 0.21 percent.

Vanguard Group Inc held 15,402,024 shares on 12/31/2012 worth $74,853,839. This brought the portfolio total to 0.01 percent.

Price T Rowe Associates Inc /MD/ held 9,979,679 shares on 12/31/2012 worth $48,501,241. This brought the portfolio total to 0.01 percent.

DST Managers Ltd held 7,929,388 shares on 12/31/2012 worth $38,536,827. This brought the portfolio total to 42.58 percent.

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Coatue Management LLC held 7,479,338 shares on 12/31/2012 worth $36,349,584. This brought the portfolio total to 0.6 percent.

Goldman Sachs Group Inc held 7,317,234 shares on 12/31/2012 worth $35,561,758. This brought the portfolio total to 0.01 percent.

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