This list is nearly three months old but it does provide some insight into what institutions own a lot of Nortel. The largest shareholder is Brandes Investment Partners, a hedge fund based in San Diego.
All I can say for Brandes (BIP) is ooouuuuch! You simply have to be out of your mind to have that high of a bet on Nortel.
Apple
I see that Wellington fund was smarter. They have dumped half of their stake in NT as the above table shows. Today maybe all the funds dumped half or more of their NT holdings. btw I checked it myself and I know it for sure, Brandes and Wellington were just holding NT looong, using Brandes description as hedge fund in connections with NT stock is misleading. Brandes and Wellington were buying NT as the long term speculative stock. Both funds waited for promised Turn Around Story! Mike Z have just fooled them in the past and today no one believes in Turn the Corner NT story! no one! Targets are as low as $7 with a reason! There was that analyst who predicted NT revisiting lowest levels! /Haeley or so?/ He was right!
Who Owns Nortel
This list is nearly three months old but it does provide some insight into what institutions own a lot of Nortel. The largest shareholder is Brandes Investment Partners, a hedge fund based in San Diego.
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