At the end of December, the government held 2.71% of the subscribed share capital, but 2.69% is blocked by the Central Depository.
At the end of November, the state owned 4.19% in the fund.
Manchester Securities, the largest shareholder in the fund, continued to buy stock and upped its stake to 10.91%, according to a report posted on the Bucharest bourse.
Romanian individuals held a cumulated 34.89% in the fund in November, while Romanian companies held a cumulated 10.89%.
Foreign individuals held a total 9.37%. Georgia Palade van Dusen, heiress to industrialist Nicolae Malaxa narrowed her stake to 6.56% from 6.57%.
At the end of the year, the fund had a total 10,845 shareholders, compared to 10,809 in November.
Fondului Proprietatea shares closed roughly flat Friday, to RON0.4299. (EUR1=RON4.3434)