| Top 25 Institutional Shareholders of IT Services Leaders | |||||||||||||||||||
| 30-Sep-03 | |||||||||||||||||||
| IBM | EDS | HP | CSC | Accenture | ACS | BearingPoint | Perot Systems | TOTAL | |||||||||||
| Institution Name | $ Value | Change | $ Value | Change | $ Value | Change | $ Value | Change | $ Value | Change | $ Value | Change | $ Value | Change | $ Value | Change | |||
| (Mill) | (Mill) | (Mill) | (Mill) | (Mill) | (Mill) | (Mill) | (Mill) | ||||||||||||
| Market Cap (3/05/04) | $165,750 | 9% | $9,540 | -2% | $69,270 | 17% | $8,040 | 14% | $22,090 | 5% | $6,570 | 5% | $2,050 | 32% | $1,550 | 40% | $284,860 | ||
| Market Cap (9/30/03) | $151,412 | $9,703 | $59,048 | $7,047 | $21,003 | $6,268 | $1,552 | $1,111 | $257,144 | ||||||||||
| Institutional Ownership % | 56% | 92% | 67% | 77% | 31% | 94% | 73% | 42% | 67% | ||||||||||
| Insider Ownership % | 1% | 1% | 7% | 0% | 8% | 8% | 20% | 35% | 10% | ||||||||||
| % of | % of | % of | % of | % of | % of | % of | % of | ||||||||||||
| Total Invest. | Total Invest. | Total Invest. | Total Invest. | Total | Total Invest. | Total Invest. | Total Invest. | ||||||||||||
| 1 | State Street Global Advisors | $11,397 | 80.9% | $618 | 4.4% | $1,773 | 12.6% | $195 | 1.4% | $0 | 0.0% | $79 | 0.6% | $13 | 0.1% | $13 | 0.1% | $14,086 | |
| 2 | Barclays Global Investors Intl | $6,358 | 67.5% | $325 | 3.4% | $2,208 | 23.4% | $255 | 2.7% | $90 | 1.0% | $138 | 1.5% | $26 | 0.3% | $20 | 0.2% | $9,419 | |
| 3 | Fidelity Mgmt & Research | $2,640 | 49.1% | $85 | 1.6% | $1,683 | 31.3% | $383 | 7.1% | $0 | 0.0% | $467 | 8.7% | $43 | 0.8% | $77 | 1.4% | $5,378 | |
| 4 | Capital Research & Mgmt | $2,406 | 45.0% | $1,050 | 19.6% | $1,738 | 32.5% | $153 | 2.9% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $5,347 | |
| 5 | Wellington Mgmt | $2,689 | 54.3% | $0 | 0.0% | $951 | 19.2% | $425 | 8.6% | $778 | 15.7% | $0 | 0.0% | $107 | 2.2% | $6 | 0.1% | $4,955 | |
| 6 | Vanguard Group | $2,947 | 66.3% | $189 | 4.2% | $1,110 | 25.0% | $168 | 3.8% | $0 | 0.0% | $0 | 0.0% | $18 | 0.4% | $14 | 0.3% | $4,445 | |
| 7 | Alliance Capital Mgmt | $792 | 23.3% | $0 | 0.0% | $2,189 | 64.2% | $104 | 3.0% | $0 | 0.0% | $322 | 9.5% | $0 | 0.0% | $0 | 0.0% | $3,407 | |
| 8 | Northern Trust Co (Chicago) | $1,911 | 63.6% | $120 | 4.0% | $732 | 24.4% | $82 | 2.7% | $90 | 3.0% | $64 | 2.1% | $0 | 0.0% | $7 | 0.2% | $3,008 | |
| 9 | Dodge & Cox | $0 | 0.0% | $873 | 33.9% | $1,203 | 46.7% | $497 | 19.3% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $2,573 | |
| 10 | Tiaa Cref Investment Mgmt Inc | $1,659 | 71.6% | $72 | 3.1% | $471 | 20.3% | $0 | 0.0% | $91 | 3.9% | $0 | 0.0% | $18 | 0.8% | $6 | 0.3% | $2,316 | |
| 11 | State Farm Investment Mgmt Corp | $1,471 | 64.4% | $0 | 0.0% | $815 | 35.6% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $2,286 | |
| 12 | JP Morgan Fleming Asset Mgmt (US) | $1,740 | 82.6% | $0 | 0.0% | $0 | 0.0% | $82 | 3.9% | $271 | 12.9% | $0 | 0.0% | $14 | 0.7% | $0 | 0.0% | $2,106 | |
| 13 | Putnam Investment Mgmt | $567 | 27.3% | $0 | 0.0% | $1,154 | 55.4% | $0 | 0.0% | $185 | 8.9% | $176 | 8.4% | $0 | 0.0% | $0 | 0.0% | $2,081 | |
| 14 | Morgan Stanley Investment Mgmt | $861 | 51.3% | $67 | 4.0% | $438 | 26.1% | $62 | 3.7% | $253 | 15.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $1,681 | |
| 15 | Mfs Investment Mgmt | $1,131 | 68.5% | $0 | 0.0% | $395 | 23.9% | $0 | 0.0% | $74 | 4.5% | $0 | 0.0% | $37 | 2.2% | $14 | 0.8% | $1,650 | |
| 16 | Smith Barney Asset Mgmt | $939 | 59.5% | $84 | 5.3% | $555 | 35.2% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $1,578 | |
| 17 | Merrill Lynch Investment Managers/Fund Asset Mgmt | $786 | 52.3% | $0 | 0.0% | $602 | 40.0% | $48 | 3.2% | $0 | 0.0% | $67 | 4.5% | $0 | 0.0% | $0 | 0.0% | $1,504 | |
| 18 | Goldman Sachs Asset Mgmt | $824 | 62.5% | $0 | 0.0% | $317 | 24.0% | $83 | 6.3% | $95 | 7.2% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $1,319 | |
| 19 | Deutsche Asset Mgmt (New York) | $949 | 73.5% | $0 | 0.0% | $323 | 25.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $16 | 1.2% | $4 | 0.3% | $1,291 | |
| 20 | Mellon Financial Corp | $746 | 74.9% | $0 | 0.0% | $247 | 24.8% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $3 | 0.3% | $996 | |
| 21 | T Rowe Price Associates | $0 | 0.0% | $0 | 0.0% | $391 | 40.8% | $0 | 0.0% | $187 | 19.5% | $303 | 31.6% | $77 | 8.1% | $0 | 0.0% | $960 | |
| 22 | Pacific Financial Research | $0 | 0.0% | $794 | 100.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $794 | |
| 23 | Columbia Mgmt Advisors (Boston/Fleetboston) | $600 | 79.4% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $156 | 20.6% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $757 | |
| 24 | Calpers (CA Public Employees Retirement Sys) | $732 | 99.3% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $5 | 0.7% | $738 | |
| 25 | New York State Common Retirement Fund | $572 | 82.3% | $64 | 9.2% | $0 | 0.0% | $0 | 0.0% | $0 | 0.0% | $59 | 8.5% | $0 | 0.0% | $0 | 0.0% | $696 | |
| TOTALS | $44,718 | $4,341 | $19,292 | $2,537 | $2,270 | $1,676 | $367 | $168 | $75,370 | ||||||||||
| % of Market Cap (9/30/03) | 27% | 46% | 28% | 32% | 10% | 26% | 18% | 11% | 26% | ||||||||||
| Source: Annex Research | |||||||||||||||||||