215 Institutions hold 39.63% of the outstanding shares as of March 31,1998. Of these, 15 established new positions while 25 liquidated their holdings. Overall, Institutions increased their holdings by 12.93% for the period.
Top Ten Institutional Shareholders (* denotes new position) Rank Institution Shares Held Previous Net Chng. % Chng. % Owned Last Report 1 Goldman Sachs Asset Management (US) 11,512,991 11,502,991 +10,000 +0.1% 3.3% 12/31/96 2 Barclays Global Investors, N.A. 9,227,241 8,992,705 +234,536 +2.6% 2.6% 12/31/97 3 Morgan Stanley & Co., Inc. 9,067,076 9,708,996 -641,920 -6.6% 2.6% 12/31/97 4 Ryback Management Corp. 8,054,500 4,764,500 +3,290,000 +69.1% 2.3% 03/31/97 5 State Teachers Retirmnt Syst. - Ohio 8,013,354 8,110,254 -96,900 -1.2% 2.3% 03/31/98 6 Merrill Lynch Asset Management (US) 7,573,434 6,753,650 +819,784 +12.1% 2.2% 03/31/98 7 Alex. Brown Investment Management 7,423,100 600,000 +6,823,100 +1,137.2% 2.1% 12/31/97 8 Federated Investment Counseling, Inc 5,382,400 4,641,500 +740,900 +16.0% 1.5% 12/31/97 9 Bankers Trust Company (Invt. Mgmt.) 5,217,208 5,448,708 -231,500 -4.3% 1.5% 12/31/97 10 State Street Bank and Tr. Co. Boston 5,198,395 4,539,181 +659,214 +14.5% 1.5% 12/31/97 Top Ten Totals: 76,669,699 65,062,485 +11,607,214 +17.8% 21.8%
Top Ten Mutual Funds Shareholders (* denotes new position) Rank Fund Name Shares Held Previous Net Chng. % Chng. % Owned Last Report 1 Merrill Lynch Phoenix Fund 4,500,000 4,100,000 +400,000 +9.8% 1.3% 01/31/98 2 Lindner Growth Fund 3,804,500 4,654,500 -850,000 -18.3% 1.1% 12/31/97 3 Federated American Leaders Fund * 2,616,200 0 +2,616,200 -- 0.7% 09/30/97 4 Vanguard Index Trust (500 Portfolio) 2,241,508 2,057,176 +184,332 +9.0% 0.6% 12/31/97 5 Flag Investors Telephone Income Fund * 1,495,000 0 +1,495,000 -- 0.4% 12/31/97 6 Merrill Lynch Variable Basic Value Focus 1,450,000 950,000 +500,000 +52.6% 0.4% 12/31/97 7 Federated Stock Trust * 1,401,300 0 +1,401,300 -- 0.4% 10/31/97 8 College Retirement Stock Account 1,176,900 1,917,000 -740,100 -38.6% 0.3% 12/31/97 9 DFA Invt Dimensions (US Large Cap Value) 1,021,700 434,600 +587,100 +135.1% 0.3% 11/30/97 10 Vanguard Institutional Index Fund 863,439 796,862 +66,577 +8.4% 0.3% 12/31/97 Top Ten Totals: 20,570,547 14,910,138 +5,660,409 +38.0% 5.9% |