Fidelity sold 1.8% of their GOOG shares in the second quarter.
They also sold 43% of their MSFT shares.
Fidelity Sells Shares of Microsoft, Buys More AT&T, Wells Fargo
Aug. 15 (Bloomberg) -- Fidelity Investments, the world's biggest mutual-fund company, sold 43 percent of its shares of Microsoft Corp. in the second quarter while adding to its holdings of AT&T Inc. and Wells Fargo & Co.
Fidelity sold 123.2 million shares of Microsoft, lowering its stake in the world's largest software maker to 163.8 million shares, according to documents Boston-based Fidelity filed with the Securities and Exchange Commission.
Fidelity owned 1.6 percent of Microsoft's outstanding shares on June 30, down from 2.8 percent on March 31. The Redmond, Washington-based company's stock fell 14 percent from April through June.
Fidelity bought 37.8 million shares of AT&T, the largest U.S. telephone service provider, raising its stake by 25 percent to 187 million shares. Fidelity owns 4.8 percent of AT&T, whose stock has gained 23 percent this year.
The money manager purchased 24.9 million shares of San Francisco-based Wells Fargo, raising its stake to 123.2 million shares, or 3.7 percent of those outstanding. Shares of the fifth- largest U.S. bank have gained 12 percent this year.
Fidelity had $569.1 billion in stock assets as of June 30, according to the documents. Its largest holding was Google Inc., provider of the world's most popular Internet search engine. Though Fidelity sold 446,470 shares, it retained 24.6 million, or 11 percent of Google's total.
Fidelity's other top holdings were General Electric Co., American International Group Inc., Johnson & Johnson and Bank of America Corp.
The largest new stock purchased by Fidelity was MasterCard Inc., the credit-card association that went public three months ago. Fidelity owned 5 million shares at the end of June, or 6.6 percent of the Purchase, New York-based company. MasterCard shares have jumped 40 percent since May 24.
Fidelity's biggest complete sale of a position was its 15 percent stake in Move Inc., an operator of real estate Web sites. Fidelity sold all of its 21.9 million shares in the Westlake Village, California-based company. Move's stock has dropped 23 percent this year. |
