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Legg Mason is now Freddie Mac’s largest shareholder

Barrons reported Legg Mason’s 12.4% stake in Freddie Mac.

“On Monday Legg Mason (LM) disclosed it now owns 79,880,998 shares of Freddie Mac, or a 12.4% stake. At the end of the first quarter, Legg Mason owned 50,244,068 shares of the government-sponsored finance giant.”

Time will be Bill Miller’s ultimate judge. I haven’t written him off yet.

Disclosure (“none” means no position): None (yet)

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