Top Institutional Holders of the Top 50 BanksAmong the 2,681 investors

Chg. in Holdings Total Value of No. of Total Portfolio Total Portfolio

Rank Rank Total Percentage No. of Dollar Net Net Total Stock Stocks Stocks Equity Owned by

June 30 Mar 31 Security Name Holdings ($) of Total Portfolio Stocks Change Change (%) Purchase Purchased Sold Sold Value Institution

2 - Barclays Bank PLC (B) 29,516 7.68 48 744 2.59 868 39 123 9 384,275 6,639

3 2 State Street Corp. (B) 17,627 6.93 48 2,322 15.17 2,326 45 4 3 254,378 2,926

4 -1 Capital Research & Management Co. (O) 17,322 8.61 24 209 1.22 1,132 9 922 14 201,071 810

5 -1 Bankers Trust New York Corp. (1) (B) 16,767 8.08 48 592 3.66 674 36 81 12 207,390 4,457

6 - Equitable Companies Inc. (I) 16,035 7.60 48 822 5.40 1,182 39 359 9 210,963 4,738

7 - Putnam Investment Management (O) 15,312 7.44 41 614 4.18 2,000 25 1,386 16 205,759 1,695

8 1 Vanguard Group Inc. (O) 13,205 7.52 48 529 4.17 607 41 78 7 175,522 4,246

9 -1 Mellon Bank Corp. (B) 13,055 7.62 48 165 1.28 950 18 784 30 171,363 4,863

10 - Citigroup Inc. (B) 11,470 7.10 48 24 0.21 516 22 493 26 161,606 4,066

11 - College Retirement Equities (O) 9,313 7.65 48 -133 -1.41 167 24 299 24 121,737 3,238

12 - TIAA-CREF Investment Management Inc. (O) 8,406 na 46 8,406 100.00 8,406 46 0 0 0

13 1 PIMCO Advisors LP (O) 7,949 11.95 47 -442 -5.27 467 28 909 19 66,544 1,365

14 2 J.P. Morgan & Co. Inc. (B) 7,808 6.81 44 696 9.79 1,293 33 597 11 114,624 2,173

16 -1 Wellington Management Co. LLP (O) 7,515 6.04 31 3,798 102.20 4,576 17 778 12 124,338 1,765

17 - American Express Financial (O) 7,264 7.57 39 690 10.49 791 30 102 8 95,939 1,588

18 - Morgan Stanley Dean Witter (A) 6,440 4.60 48 -490 -7.08 203 16 693 32 140,085 3,347

19 1 Scudder Kemper Investment Inc. (A) 6,129 7.79 47 -211 -3.33 187 26 397 15 78,659 2,269

20 2 Northern Trust Corp. (B) 6,113 7.11 48 223 3.78 268 43 46 5 85,936 4,423

21 -2 Barrow Hanley Mewhinney & Straus (O) 6,038 16.56 15 243 4.19 854 7 611 8 36,452 211

22 -1 Bank One Corp. (B) 5,425 11.19 48 -592 -9.83 93 13 684 34 48,467 3,964

23 - John Hancock Advisors Inc. (O) 5,372 27.68 48 -272 -4.82 109 18 381 27 19,409 1,076

24 1 State Farm Mutual Auto Insurance (I) 5,357 10.72 18 390 7.85 402 16 12 1 49,962 195

25 4 California Public Employee Retirement System (O) 5,275 8.17 45 1,036 24.43 1,205 9 170 31 64,547 1,695

Totals for the Top 25 $284,081 7.81% $22,963 8.08% $34,605 $11,642 $3,635,547

Totals for the Top 50 $371,765 7.79% $25,356 6.82% $43,705 $18,349 $4,769,831

Totals for the Top 100 $454,649 7.59% $29,373 6.46% $53,110 $23,737 $5,986,890

Totals for all 2,681 $601,873 7.22% $30,960 5.14% $76,411 $45,452 $8,341,159 Source: Thomson Financial Securites Data. Net Change is from the end of the first quarter to the end of the second quarter. Top 50 Banks are based on the Market Monitor as of 6/30/99. (1) Deutsche Bank AG acquired Bankers Trust of New York on June 3, 1999. (A) Investment Advisors, (B) Bank, (I) Insurance Company, (O) Other Managers, na = not available

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER