Microsoft-Yahoo: Who Stands to Gain the Most?

Beleaguered Yahoo shareholders stand to profit greatly from Microsoft's proposed takeover of Yahoo, which has sent Yahoo shares soaring 45 percent today from $19 to $28.

Who is making the most money on paper today? Below are the top 20 Yahoo shareholders, and the number of shares they owned as of September 30, 2007, unless otherwise noted.

Co-founders David Filo and Jerry Yang are up nearly $800 million and $500 million, respectively, while Goldman Sachs is looking at a paper gain of almost $200 million.

1. Capital Research & Management Co. 151,851,000
2. Legg Mason Capital Management, Inc. 87,861,001
3. David Filo 78,197,428 (as of July 25, 2007)
4. American Funds Growth Fund of America 64,738,000 (as of August 31, 2007)
5. Jerry Yang 52,810,564 (as of April 1, 2007)
6. Barclays Global Investors NA (CA) 39,684,871
7. Vanguard Group, Inc. 36,274,322
8. State Street Global Advisors 34,151,202
9. Janus Capital Management LLC 33,871,701
10. ClearBridge Advisors 29,925,435
11. Citigroup Investment Research 27,855,778
12. Legg Mason Value Trust 24,282,979
13. Goldman Sachs Asset Management LP (US) 20,728,430
14. T. Rowe Price Associates, Inc. 18,019,574
15. American Funds New Perspective 16,200,000
16. Capital Guardian Trust Co. 15,853,148
17. Mellon Capital Management 15,237,256
18. Fidelity Management & Research 14,863,468
19. Van Kampen Asset Management 13,825,012
20. Sands Capital Management LLC 13,561,840

by Sam Gustin