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Value shop Legg Mason (LM Quote) said Tuesday it owns almost 13% of Google's (GOOG Quote) Class A stock.
The Baltimore asset manager said in a Securities and Exchange Commission filing that it holds 4.3 million Class A shares in the Mountain View, Calif., Internet search engine. At Tuesday's prices, Legg Mason's Google stake is valued at $580 million.
The holdings make Legg Mason Google's second-largest fund investor, though the firm owns just a tiny stake in the company overall. Based on total shares outstanding, Legg Mason owns less than 2% of Google. ...
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