The following companies have had very large buys from funds/companies that own 10% or more.
Republic Services Group (RSG) is a waste management company in the United States. Many of you might be familiar with it because it once was one Warren Buffett's holdings. The company has a monopoly in many markets. In the last week, Cascade Investments is a 10% owner and in the last week, they have bought over a $100 million dollars worth of stock. The stock is trading at $29.67 which is higher than the average price that Cascade bought at.
VMware (VMW) is a virtualization and storage company that has experienced significant growth recently and is expected to grow significantly. EMC Corporation (EMC) is a significant holder in the company. EMC currently owns more than 80% of VMware's outstanding shares. EMC has been buying shares of VMW almost every single day since the beginning of August. They have bought over a $160 million in shares of VMW since August 1st.
Leucadia National Corporation (LUK) engages in everything from telecommunications to property management. The company has actually been buying its own shares. They have bought $200 million. This represents about 3% of the company. The stock currently trades around $27 a share. This is less than the average cost the company paid to buy the shares.
These large institutions have taken advantage of the downtrend by investing in companies they believe will see significant price appreciation. It's always a good sign when there are large buyers. I believe this is a great place to start doing some research into the companies listed above.