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Northern Tier Energy LP Message Board

  • goldenfgrp goldenfgrp Aug 21, 2013 12:26 PM Flag

    Institutional selling

    TPG GROUP HOLDINGS (SBS) ADVISORS, INC. on 12/31/2012 owned 73,227,500 shares of NTI, 29% of their portfolio.. They have sold ytd 26,105,000 shares leaving them with 47,122,500 shares still owning 51% of NTI stock. They are actively trading the stock causing volatility. Citigroup, Fidelity ,and Morgan Stanley sold over 2 million shares combined in the past quarter. On the other hand BAC, GS, DB, and Guggenheim bought over 2 million shares last quarter. Will TPG stop selling this quarter to hold on to that 51%? TPG on 07/30/12 sold their entire position and then bought it back on 09/30/2012. They don't seem to be married to the stock. Michael MacDougall is on the BoD of NTI and is a partner with TPG. What do you think?

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