A look a the rocket MMs that invested in PVN. If these are supposed
to be the best and brightest in the industry, the little guy better
run for cover!
PROVIDIAN FINANICAL CORP(NYSE:PVN)
293 Institutions hold 70.81% of the outstanding shares as of June 30,1998.
Of these, 39 established new positions while 19 liquidated their holdings.
Overall, Institutions increased their holdings by 0.93% for the period.
Top Ten Institutional Shareholders
(* denotes new position) Rank Institution Shares Held Previous Net Chng. % Chng. % Owned Last Report
1 Fidelity Management & Research Co. 8,820,005 9,052,905 -232,900 -2.6% 9.3% 06/30/98
2 AIM Capital Management Inc. 4,402,200 3,465,200 +937,000 +27.0% 4.6% 06/30/98
3 Tiger Management L.L.C. (New York) * 3,386,500 0 +3,386,500 -- 3.6% 06/30/98
4 Morgan Stanley Dean Witter Advisors 3,320,605 2,999,817 +320,788 +10.7% 3.5% 06/30/98
5 Putnam Investment Management 3,092,800 3,380,000 -287,200 -8.5% 3.3% 06/30/98
6 Barclays Global Investors, N.A. 2,549,197 2,510,092 +39,105 +1.6% 2.7% 06/30/98
7 American Express Financial Advisors 2,172,434 2,598,504 -426,070 -16.4% 2.3% 06/30/98
8 Bankers Trust Company (Invt. Mgmt.) 1,557,811 1,555,411 +2,400 +0.2% 1.6% 06/30/98
9 State Street Bank and Tr. Co. Boston 1,320,656 1,803,811 -483,155 -26.8% 1.4% 06/30/98
10 Maverick Capital, Ltd. 1,200,000 1,197,500 +2,500 +0.2% 1.3% 06/30/98
Top Ten Totals: 31,822,208 28,563,240 +3,258,968 +11.4% 33.5%
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