A $10 Billion Financial Holding Company Likes These Basic Materials Stocks

Following is information about Northern Trust Corporation’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011.

  • 3M Co. (NYSE:MMM): On 6/30/11 Northern Trust Corporation reported holding 19,183,822 shares with a market value of $1,819,585,487. This comprised 0.66% of the total portfolio. On 9/30/11, Northern Trust Corporation held 9,833,637 shares with a market value of $705,956,809. This comprised 0.40% of the total portfolio. The net change in shares for this position over the two quarters is -9,350,185. About the company: 3M Co. conducts operations in electronics, telecommunications, industrial, consumer and office, health care, safety, and other markets. The Company’s businesses share technologies, manufacturing operations, brands, marketing channels, and other resources. 3M serves customers in countries located around the world. Competitors to Watch: General Electric Company (NYSE:GE), Danaher Corporation (NYSE:DHR), Johnson & Johnson (NYSE:JNJ), DENTSPLY Intl. Inc. (NASDAQ:XRAY), Tyco International Ltd. (NYSE:TYC), Carlisle Companies, Inc. (NYSE:CSL), Honeywell Intl. Inc. (NYSE:HON), Siemens AG (NYSE:SI), and E.I. du Pont de Nemours & Co. (NYSE:DD).
  • EI DuPont de Nemours & Co. (NYSE:DD): On 6/30/11 Northern Trust Corporation reported holding 15,103,516 shares with a market value of $816,345,028. This comprised 0.30% of the total portfolio. On 9/30/11, Northern Trust Corporation held 15,628,384 shares with a market value of $624,666,528. This comprised 0.36% of the total portfolio. The net change in shares for this position over the two quarters is 524,868. About the company: E. I. du Pont de Nemours and Company is a global chemical and life sciences company, with businesses that include agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. The Company operates globally and offers a wide range of products and services for markets including agriculture and food, building and construction, electronics and communications.
  • Praxair, Inc. (NYSE:PX): On 6/30/11 Northern Trust Corporation reported holding 8,912,584 shares with a market value of $966,034,974. This comprised 0.35% of the total portfolio. On 9/30/11, Northern Trust Corporation held 4,497,373 shares with a market value of $420,414,443. This comprised 0.24% of the total portfolio. The net change in shares for this position over the two quarters is -4,415,211. About the company: Praxair, Inc. supplies gas to industries primarily located in North and South America. The Company produces, sells, and distributes atmospheric gases including oxygen, nitrogen, argon, and rare gases, as well as process gases including carbon dioxide, helium, hydrogen, electronics gases, and acetylene. Praxair also supplies metallic and ceramic coatings and powders.
  • Freeport-McMoRan Copper & Gold, Inc. (NYSE:FCX): On 6/30/11 Northern Trust Corporation reported holding 11,133,186 shares with a market value of $588,945,556. This comprised 0.21% of the total portfolio. On 9/30/11, Northern Trust Corporation held 11,472,696 shares with a market value of $349,343,602. This comprised 0.20% of the total portfolio. The net change in shares for this position over the two quarters is 339,510. About the company: Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates. Competitors to Watch: Southern Copper Corp. (NYSE:SCCO), Rio Tinto plc (NYSE:RIO), Newmont Mining Corporation (NYSE:NEM), Taseko Mines Limited (AMEX:TGB), HudBay Minerals Inc. (NYSE:HBM), Alcoa Inc. (NYSE:AA), Western Copper Corporation (WRN), Royal Gold, Inc. (NASDAQ:RGLD), Augusta Resource Corp. (AMEX:AZC), and Vista Gold Corp. (AMEX:VGZ).
  • Newmont Mining Corp. (NYSE:NEM): On 6/30/11 Northern Trust Corporation reported holding 10,729,940 shares with a market value of $579,094,875. This comprised 0.21% of the total portfolio. On 9/30/11, Northern Trust Corporation held 5,535,520 shares with a market value of $348,460,988. This comprised 0.20% of the total portfolio. The net change in shares for this position over the two quarters is -5,194,420. About the company: Newmont Mining Corporation acquires, explores, and develops mineral properties. The Company produces gold from operations in the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand and Mexico. Newmont also mines and processes copper in Indonesia. Competitors to Watch: Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Goldcorp Inc. (NYSE:GG), AngloGold Ashanti Ltd. (NYSE:AU), Kinross Gold Corp. (NYSE:KGC). Royal Gold, Inc. (NASDAQ:RGLD), Barrick Gold Corporation (NYSE:ABX), Allied Nevada Gold Corp. (AMEX:ANV), Vista Gold Corp. (AMEX:VGZ), Paramount Gold and Silver Corp. (AMEX:PZG), Midway Gold Corp. (AMEX:MDW), Newmont Mining Corporation (NYSE:NEM), Jaguar Mining Inc. (NYSE:JAG), ishares Gold Trust (NYSE:GLD) and Gold Reserve Inc. (AMEX:GRZ).

(Note: Data regarding Northern Trust Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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