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Rating:Fido More than Doubled its Citi Stake in the Fourth Quarter Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, February 23, 2009

Fido More than Doubled its Citi Stake in the Fourth Quarter

by: Armie Margaret Lee

Fidelity more than doubled its holdings in Citigroup in the fourth quarter, the The Boston Business Journal reports. Fidelity purchased more than 100 million shares, pushing its holdings to 176 million shares worth $1.18 billion as of end-December. The value of that stake now stands around $378 million.

For its part, Wellington Asset Management added 20 million shares in the fourth quarter, bringing its holdings to 55.4 million shares worth $370 million as of December 31, according to the report.

The Boston Business Journal also listed other Boston asset managers' Citi holdings: Columbia Management owned 25.6 million shares worth around $168 million; Putnam Investments held 15 million shares worth $99 million; Eaton Vance Corp. owned 4.2 million shares worth north of $28 million and MFS Investment Management owned 3.7 million shares worth about $25 million. 

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