I'm going to take a look at a few companies from the Health Insurance industries and the TV Media to show how incestuous their relationship is and how at best we get Kabuki Theatre and surface scraping journalism on Health Care Reform(or any reform for that matter) from the largest TV news distributors.
First let me show you how much of your Health Insurance Wall Street owns and controls:
Basically, about 12-13 entities control about 1/3 of 6 of the largest health insurers. And the smaller entities have interlocking shares as well. These insurance companies should hold their shareholder meetings all at once to save the repetitive travel, because, essentially, the same people will show up for every one.
Do you really think they care about competition when they own the whole show?
As you will see, the same holds for the media. Fact is they could hold the two industries shareholder's meetings together.
United 86.03%
WellPoint 89.03%
Aetna 91.80%
CIGNA Corp. 84.91%
Coventry Health 92.87%
Health Net Inc. 100.59% ???
Humana 88.88%
Amerigroup 108.38% (WTF???)
Now, we're going to do two things. We're going to see the top institutional investors in Health Insurance and in 5 major forces in today's media - ABC, NBC, CBS, Fox and Comcast.
United Healthgroup Co.
Wellington Management - 81.2 million shares
Barclays Global Inv, - 46.8 m.
Fidelity Management - 45.9 m
Dodge & Cox - 44.5 m
Vanguard - 41.3 m
State Street Global - 40.7 m
Cap. Res. Global - 23.5 m
BlackRock - 23.0 m These 9 companies control about 32% of UHC.
Northern Trust - 14.4 m
Wellpoint
Dodge & Cox - 35.2 million shares
Barclays Global - 29.5 m
T Rowe Price - 23.5 m
Vanguard - 16.6 m
State Street Global - 16.2 m
BlackRock - 12.5 m
Cap. Res. Global - 11.5 m
Wellington Management - 9.3 m
Fidelity - 6.6 m
Northern Trust - 5.8 m These 10 companies control 35% of Wellpoint.
Aetna
Capital World Inv - 33.1 million shares
State Street - 25.9 m
Capital Res. Global - 24.5 m
Barclays - 17.8 m
Vanguard - 15.2 m
Black Rock - 13.3 m
Wellington - 6.2 m
Northern Trust - 5.2 m
Alliance Bernstein - 4.4 m These 10 companies control 34% of Aetna.
Owl Creek - 4.4
CIGNA
Wellington 18.9 million shares
Barclays 10.9
Owl Creek 10.1 m
Fidelity 10.0
State Street 9.1
Vanguard 9.3
T Rowe Price 7.2 m
Black Rock 4.5 m
Northern Trust 3.3 m
Capital Research 3.0 m These 9 companies control 30% of CIGNA.
Health Net
Wellington 12.4 million shares
Fidelity 7.2 m
Barclays 4.2 m
T Rowe Price 3.9 m
Vanguard 3.4
Black Rock 2.5
State Street 2.2 m These 7 companies control 34% of Health Net.
AMERIGROUP
T Rowe Price 5.0 m
Fidelity 4.7 m
Barclays 3.6 m
Vanguard 2.6 m
State Street 1.7 m
Alliance Bernstein 1.1m
Northern Trust 957 k These 7 companies control 36% of Amerigroup.
SUMMARY of INSURANCE OWNERSHIP(rounded) of THESE 5 COMPANIES + Humana(34% control)
Barclays 121 million shares
Wellington 139 m
Fidelity 83 m
Vanguard 95 m
T Rowe Price 44 m
State Street 101 m
Northern Trust 31 million
Alliance Berns 5.5 milion
Black Rock 63. m
Dodge & Cox 80 m
Cap. Res Global 63. m
Capital World 33 m
Now we'll look at these same companies' ownership of the TV media.
MEDIA OWNERSHIP
CBS NBC ABC FOX COMCAST
CBS
Alliance Bernstein 95.8m
Barclays Global 36.4
Capital Research 22.1
State Street 20.9
Vanguard 20.7
Blackrock 9.7
Northern Trust 7.6
Cap World 7.0
T Rowe Price 6.5 These 9 bulk insurance owning companies control 36% of CBS.
NBC
Barclays Global 430.7 m
Vanguard 356.4 m
State Street 343
Northern trust 150
Fidelity 122
Dodge & Cox 112
Capital Research 102
Wellington 90
Capital World 65.7
Black Rock 68.1m These 10 companies only own about 17% of NBC(GE).Still heavy hitting shares(hence Gregory, Todd and Morning Joe).
ABC(Disney)
Fidelity 93.2 million shares
Barclays 67.4 m
State Street 63.7
Vanguard 59.8
Wellington 29.3
Northern trust 27.8
Alliance Bernstein 24.1
T Rowe Price 16.8
Black Rock 12.6 These 9 companies control 21% of ABC.
News Corp
Alliance Bernstein 33.5 m
Barclays 3.1
State Street 2.3
Fidelity 2.0 These 4 companies control about 5% of NewsCorp.
COMCAST
Dodge & Cox 140 million share
Barclays 114
State Street 88
Vanguard 84
Wellington 44
Capital World 42
Fidelity 40
Northern Trust 32
Capital Research 30
Alliance bernstein 18
BlackRock 17 These 11 insurance heavy stocks own 30% of Comcast.
MONSANTO
Barclays 23 m
Capital World 18.4
State Street 18.3
Vanguard 19
Fidelity 10.7
Alliance Bern 7.5
Northern Trust 6.9
T Rowe Price 6.4 19.5% of Monsanto Shares The same companies own 24% of Archer Daniels, and 32% of Pfizer.
What you'll find is JP Morgan, Goldman Sachs, Morgan Stanley, Oppenheimer, UBS will have interest in these same companies as well, although not to the same extent as far as volume of shares.