Friday, August 14, 2009

The Gates Foundation Divests 15 Million Schering-Plough Shares; Paulson Adds Slightly to Position


Earlier this week, Wellington disclosed that it divested over $2.5 billion, or over 104 million shares of Schering-Plough. John Paulson had added modestly to his earlier disclosed holdings, during Q2 2009.

Tonight, the Gates Foundation disclosed that it sold all its 14.9 million shares of Schering-Plough, or likely about $370 million worth of proceeds. Here is Wellington's history, as it dwarfs all other holders' -- by an order of magnitude:

July 31, 2009: 107,654,735 shares, or 6.59%. . . .

February 17, 2009: 210,245,110 shares or 12.93% of all Schering-Plough shares. . . .

February 14, 2008: 190,544,131 shares or 11.76% of all Schering-Plough shares. . . .

February 14, 2006: 156,897,180 shares or 10.62% of all Schering-Plough shares. . . .

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