How much stock did mutual funds hold in Fannie and Freddie?
As of March 31, 2008 mutual funds held $27 billion in common and preferred stock in the two companies. That valuation is based on their prices at the time, when Fannie Mae common stock was trading at $26.32 a share and Freddie Mac common stock was priced at $25.32. The value of funds’ holdings has changed, of course, as the stock prices changed and as funds traded in and out of the stocks.
