MBIA AMBAC What's Going On?

Here's the latest headlines:
Insurer Of Bonds Loses Top Rating - Washington Post
Bond Insurers’ Distress Rattles Wall Street - New York Times
Ambac Downgraded, Cities Seen at Risk - AP
MBIA: Priced for Catastrophe - Barron's Online

Here's a look at the charts.

MBIA closed at $8.55 as of 4:30 Fri 1/18, down 85.52% since 9/30/07.


AMBAC closed at $6.20 as of 4:30 Fri 1/18, down 91.09% since 9/30/07.

Now, click on each image and note who SOLD, and who BOUGHT.
NOTE: The cut-off at 500,000 shares was simply arbitrary.

This lists changes in shares of MBIA between Jun 30 and Sep 30, 2007. [XHTML file]


This lists changes in shares of AMBAC between Jun 30 and Sep 30, 2007. [XHTML file]

The tables below shows who were the TOP 10 Major Holders as of 9/30/07.
Be sure to check out to see who's in the TOP 10 at the rating agencies, too.
Did somebody simply pull the plug? It's your call.
(Naming names can result in lawsuits that I don't need.)

Sometimes The Dragon Wins

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Symbol Name Of Corporation MBI Major Holders MBIA Inc. (As of 30-Sep-2007) Top 10 Institutional Holders Shares 2007 Value 2006 Wellington Management Company, LLP 16,931,577 13.50% $1,033,672,775 -.--% AXA (Paris, France) 12,298,066 9.81% $750,796,929 -.--% Goldman Sachs Group Inc 7,730,323 6.16% $471,936,219 -.--% FMR Corporation (Fidelity Management & Research Corp) 7,433,900 5.93% $453,839,595 -.--% Third Avenue Management, LLC 6,697,298 5.34% $408,870,042 -.--% Vanguard Group, Inc. (The) 4,852,818 3.87% $296,264,538 -.--% Cambiar Investors, LLC 4,588,588 3.66% $280,133,297 -.--% Cramer Rosenthal McGlynn LLC/adv 4,357,945 3.48% $266,052,542 -.--% JP Morgan Chase & Company 4,304,660 3.43% $262,799,493 -.--% Barclays Global Investors UK Holdings Ltd 4,045,466 3.23% $246,975,699 -.--% % of Shares Held by All Insider and 5% Owners: 17% -.--% Top 10 [2.4%] of 416 Institutional Holders Control 58.41% -.--% Percentage of Barclays and "Associates" Control 12.82% -.--%

NOTE: Third Avenue manages a fund that controls 4.37%.
Vanguard manages two funds that control 4.01%.
Fidelity manages two funds that control 3.01%.
Cramer Rosenthal McGlynn manages a fund that controls 1.56%.
Therefore, the TOP 10 control over 71.36% of MBIA.

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Symbol Name Of Corporation ABK Major Holders Ambac Financial Group, Inc. (As of 30-Sep-2007) Top 10 Institutional Holders Shares 2007 Value 2006 FMR Corporation (Fidelity Management & Research Corp) 10,141,139 9.99% $637,979,054 -.--% Goldman Sachs Group Inc 7,134,452 7.03% $448,828,375 -.--% Davis Selected Advisers, LP 6,506,767 6.41% $409,340,711 -.--% JP Morgan Chase & Company 5,894,757 5.80% $370,839,162 -.--% Capital Guardian Trust Company 5,489,896 5.41% $345,369,357 -.--% Bank Of America Corporation 5,174,654 5.10% $325,537,483 -.--% Oppenheimer Funds, Inc. 4,225,760 4.16% $265,842,561 -.--% Barclays Global Investors UK Holdings Ltd 4,187,021 4.12% $263,405,491 -.--% Vanguard Group, Inc. (The) 3,807,779 3.75% $239,547,376 -.--% American Century Companies, Inc. 3,476,075 3.42% $218,679,878 -.--% % of Shares Held by All Insider and 5% Owners: 0% -.--% Top 10 [2.5%] of 401 Institutional Holders Control 55.19% -.--% Percentage of Barclays and "Associates" Control 22.05% -.--%

Fidelity manages two funds that control 5.89%.
Goldman Sachs manages a fund that controls 1.98%.
Davis manages a fund that controls 1.96%.
Putnam manages a fund that controls 1.25%.
Waddell & Reed manages a fund that controls 1.05%.
Therefore, the TOP 10 control 65.02%, and
Barclays/Associates control 26.33% of AMBAC.

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Rating Agencies

Symbol Name Of Corporation MHP Major Holders The McGraw-Hill Companies, Inc. (As of 30-Jun-2007) (As of 30-Jun-2006) Top 10 Institutional Holders Shares 2007 Value 2006 Goldman Sachs Group Inc 20,149,810 5.95% $1,371,799,064 7.61% State Street Corporation 12,436,337 3.67% $846,665,822 3.52% Barclays Global Investors UK Holdings Ltd 10,990,306 3.24% $748,220,032 3.17% Vanguard Group, Inc. (The) 9,617,194 2.84% $654,738,567 2.62% FMR Corporation (Fidelity Management & Research Corp) 9,335,404 2.75% $635,554,304 4.40% UBS Global Asset Management (Americas) Inc 9,095,874 2.68% $619,247,101 -.--% Sarofim, Fayez * 8,676,547 2.56% $590,699,319 3.14% Deutsche Bank Aktiengesellschaft (Frankfurt, Germany) 8,358,934 2.47% $569,076,226 2.40% Transamerica Investment Management LLC The Hague, Netherlands 7,688,676 2.27% $523,445,062 -.--% Putnam Investment Management, LLC 6,929,696 2.04% $471,773,703 -.--% % of Shares Held by All Insider and 5% Owners: 0% 0% Top 10 [1.5%] of 666 Institutional Holders Control 30.47% 32.46% Percentage of Barclays and "Associates" Control 14.90% 19.90%

NOTE: McGraw-Hill owns these companies and these:

• BusinessWeek Magazine
• Standard & Poors Ratings Service
• Standard & Poors Financial Information

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Symbol Name Of Corporation MCO Major Holders Moody's Corp. (As of 30-Jun-2007) Top 10 Institutional Holders Shares 2007 Value 2006 Berkshire Hathaway, Inc 48,000,000 17.98% $2,985,600,000 -.--% Davis Selected Advisers, LP 18,888,035 7.08% $1,174,835,777 -.--% Barclays Global Investors UK Holdings Ltd 13,749,685 5.15% $855,230,407 -.--% Marsico Capital Management, LLC 12,695,111 4.76% $789,635,904 -.--% Goldman Sachs Group Inc 11,992,247 4.49% $745,917,763 -.--% Sands Capital Management, Inc. 10,554,252 3.95% $656,474,474 -.--% Baillie Gifford And Company 10,153,348 3.80% $631,538,245 -.--% Morgan Stanley 6,890,441 2.58% $428,585,430 -.--% Vanguard Group, Inc. (The) 6,602,968 2.47% $410,704,609 -.--% AXA (Paris, France) 6,134,477 2.30% $381,564,469 -.--% % of Shares Held by All Insider and 5% Owners: 0% -.--% Top 10 [1.9%] of 522 Institutional Holders Control 54.56% -.--% Percentage of Barclays and "Associates" Control 12.22% -.--%

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© 2008 by Edward Ulysses Cate
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