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Strategies & Market Trends : Z Best Place to Talk Stocks
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To: Larry S. who wrote (38626)2/22/2002 10:14:51 AM
From: E.J. Neitz Jr  Read Replies (1) of 53068
 
AOL Article...most important and telling part of article is the following....they are some of the sharpest minds on the street, and suspect they are buying for the Time Warner part:
"More telling in the Vanguard story are purchases by Wellington Asset Management and Primecap Investments -- money managers that are Vanguard's largest sub-advisors on the firm's actively managed portfolios.

Wellington was the largest single institutional buyer of AOL Time Warner in the fourth quarter, adding less than 15 million shares, raising its allocation by 34 percent, filings revealed. Primecap bought 4.9 million shares in what represented a new portfolio holding, according to The Independent Adviser for Vanguard Investors.

"It's still less than 1 percent of all the assets they manage, but I find it interesting because they're (Primecap) growth-oriented guys who have a value perspective and this is the first time that I've seen it in a portfolio," noted Independent Adviser editor Dan Wiener.

The nation's largest fund company and the fourth-largest holder of AOL, Fidelity Investments also added shares last quarter, raising its stake by 7 percent. Capital Research and Goldman Sachs also added to large positions."
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