A $12 Billion Hedge Fund’s Share Positions of These Companies

Following is a review of Eton Park Capital’s stock holdings at year-end 2010:

  • Ace Ltd. (NYSE:ACE): Eton Capital held 2,000,000 shares worth $124,500,000 on December 31st, 2010. The shares traded at $62.25 on December 21st, 2010, their recent price is $66.62, their 52-week high is $67.37, and their 52-week low is $47.59. The company’s earnings per share are $9.11, its price-to-earnings ratio is 7.32, and its market capitalization is $22,460,600,826.00. ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business. The Group provides a diversified range of products and services to clients through operations in countries around the world. ACE provides specialty insurance and reinsurance products.
  • Airgas Inc. (NYSE:ARG): Eton Capital held 6,014,200 shares worth $375,647,000 on December 31st, 2010. The shares traded at $62.46 on December 21st, 2010, their recent price is $66.23, their 52-week high is $71.28, and their 52-week low is $59.26. The company’s earnings per share are $2.66, its price-to-earnings ratio is 24.88, and its market capitalization is $5,575,759,601.00. Airgas, Inc. distributes industrial, medical, and specialty gases and related equipment. The Company also produces and distributes liquid carbon dioxide and dry ice in the United States. Airgas’ integrated distribution network consists of branch locations, distribution centers, and outbound telemarketing operations.
  • AMDOCS Ltd. (NYSE:DOX): Eton Capital held 9,200,000 shares worth $252,724,000 on December 31st, 2010. The shares traded at $27.47 on December 21st, 2010, their recent price is $28.88, their 52-week high is $32.44, and their 52-week low is $25.64. The company’s earnings per share are $1.64, its price-to-earnings ratio is 17.59, and its market capitalization is $5,575,260,734.00. Amdocs Limited provides product-driven information system solutions to major telecommunications companies in the United States and internationally. The Company provides integrated customer care and billing systems for wireless and wireline network operators and service providers, as well as for companies that offer multiple service packages.
  • Assured Guaranty Ltd. (NYSE:AGO): Eton Capital held 5,000,000 shares worth $88,500,000 on December 31st, 2010. The shares traded at $17.70 on December 21st, 2010, their recent price is $14.75, their 52-week high is $24.90, and their 52-week low is $12.63. The company’s earnings per share are $2.87, its price-to-earnings ratio is 5.14, and its market capitalization is $2,715,510,400.00. Assured Guaranty Ltd. provides financial guaranty insurance and reinsurance, as well as mortgage guaranty coverage. The Company’s products include guaranties for municipal finance, structured finance, and corporate bonds.
  • Bank of America Corporation (NYSE:BAC): Eton Capital held 21,108,000 shares worth $281,581,000 on December 31st, 2010. The shares traded at $13.34 on December 21st, 2010, their recent price is $13.40, their 52-week high is $19.86, and their 52-week low is $10.91. The company’s earnings per share are ($0.33), its price-to-earnings ratio is is impossible to calculate because its earnings are negative, and its market capitalization is $135,623,406,139.00. Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary. Dow 30 Quarterly Earnings Season Preview>>
  • Barrick Gold Corp. (NYSE:ABX): Eton Capital held 1,095,000 shares worth $58,232,000 on December 31st, 2010. The shares traded at $53.18 on December 21st, 2010, their recent price is $52.32, their 52-week high is $55.72, and their 52-week low is $38.14. The company’s earnings per share are $3.17, its price-to-earnings ratio is 16.5, and its market capitalization is $52,259,826,463.00. Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.
  • Baxter International Inc. (NYSE:BAX): Eton Capital held 3,500,000 shares worth $177,170,000 on December 31st, 2010. The shares traded at $50.62 on December 21st, 2010, their recent price is $54.02, their 52-week high is $59.95, and their 52-week low is $40.25. The company’s earnings per share are $2.41, its price-to-earnings ratio is 22.42, and its market capitalization is $30,995,606,667.00. Baxter International Inc. develops, manufactures, and markets products and technologies related to hemophilia, immune disorders, infectious diseases, kidney disease, trauma and other chronic and acute medical conditions. The Company’s products are used by hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors’ offices, and research laboratories.
  • Beckman Coulter Inc. (NYSE:BEC): Eton Capital held 800,000 shares worth $60,184,000 on December 31st, 2010. The shares traded at $75.23 on December 21st, 2010, their recent price is $83.02, their 52-week high is $83.22, and their 52-week low is $43.95. The company’s earnings per share are $3.26, its price-to-earnings ratio is 25.47, and its market capitalization is $5,915,889,563.00. Beckman Coulter, Inc. designs, manufactures, and services laboratory systems consisting of instruments, reagents, and related products. The Company’s systems are used to conduct basic scientific research, drug discovery research, and diagnostic analysis of patient samples. Beckman markets its products in the United States and internationally.
  • BP plc (NYSE:BP): Eton Capital held 2,675,000 shares worth $118,155,000 on December 31st, 2010. The shares traded at $44.17 on December 21st, 2010, their recent price is $45.40, their 52-week high is $60.98, and their 52-week low is $26.75. The company’s earnings per share are ($1.24), its price-to-earnings ratio is is impossible to calculate because its earnings are negative, and its market capitalization is $142,756,748,616.00. BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.
  • Chemtura Corp. (NYSE:CHMT): Eton Capital held 11,976 shares worth $191,000 on December 31st, 2010. The shares traded at $15.95 on December 21st, 2010, their recent price is $16.76, their 52-week high is $17.98, and their 52-week low is $13.20. The company’s earnings per share are ($3.09), its price-to-earnings ratio is is impossible to calculate because its earnings are negative, and its market capitalization is $1,610,694,012.00. Chemtura Corporation manufactures plastics and other chemicals. The Company produces urethane polymers; plastic additives, including flame retardants; pool and spa products; seed treatment and miticides; and petroleum additives. Chemtura operates worldwide.
  • CIGNA Corp. (NYSE:CI): Eton Capital held 2,122,100 shares worth $77,796,000 on December 31st, 2010. The shares traded at $36.66 on December 21st, 2010, their recent price is $44.30, their 52-week high is $45.00, and their 52-week low is $29.12. The company’s earnings per share are $4.89, its price-to-earnings ratio is 9.05, and its market capitalization is $12,018,177,803.00. CIGNA Corporation, through its subsidiaries, provides group life and health insurance, managed care products and services, retirement products and services, and individual financial services worldwide. The Company also sells individual life and health insurance and annuity products in selected international locations.
  • CIT Group Inc. (NYSE:CIT): Eton Capital held 3,309,872 shares worth $155,895,000 on December 31st, 2010. The shares traded at $47.10 on December 21st, 2010, their recent price is $40.22, their 52-week high is $49.57, and their 52-week low is $30.00. The company’s earnings per share are $2.58, its price-to-earnings ratio is 15.61, and its market capitalization is $8,063,261,603.00. CIT Group Inc. operates as a holding company. The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. CIT Group operates globally.
  • Citigroup Inc. (NYSE:C): Eton Capital held 80,500,000 shares worth $380,765,000 on December 31st, 2010. The shares traded at $4.73 on December 21st, 2010, their recent price is $4.54, their 52-week high is $5.15, and their 52-week low is $3.53. The company’s earnings per share are $0.36, its price-to-earnings ratio is 12.77, and its market capitalization is $132,198,352,089.00. Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Comcast Corp. (NASDAQ:CMCSA): Eton Capital held 13,792,596 shares worth $287,024,000 on December 31st, 2010. The shares traded at $20.81 on December 21st, 2010, their recent price is $24.41, their 52-week high is $25.91, and their 52-week low is $16.30. The company’s earnings per share are $1.29, its price-to-earnings ratio is 18.91, and its market capitalization is $67,307,474,509.00. Comcast Corporation is a provider of video, high-speed Internet and phone services. The Company offers a variety of entertainment, information and communications services to residential and commercial customers. Comcast is headquartered in Philadelphia, Pennsylvania.
  • Concho Resources Inc. (NYSE:CXO): Eton Capital held 245,211 shares worth $21,498,000 on December 31st, 2010. The shares traded at $87.67 on December 21st, 2010, their recent price is $100.42, their 52-week high is $110.89, and their 52-week low is $44.30. The company’s earnings per share are $1.95, its price-to-earnings ratio is 51.48, and its market capitalization is $10,345,328,463.00. Concho Resources Inc. acquires, develops and explores for oil and natural gas properties in the Permian Basin area of Southeast New Mexico and West Texas.
  • Doral Financial Corp. (NYSE:DRL): Eton Capital held 8,444,354 shares worth $11,653,000 on December 31st, 2010. The shares traded at $1.38 on December 21st, 2010, their recent price is $1.05, their 52-week high is $7.19, and their 52-week low is $1.03. The company’s earnings per share are ($3.65), its price-to-earnings ratio is is impossible to calculate because its earnings are negative, and its market capitalization is $133,658,484.00. Doral Financial Corp. is a diversified financial holding company with mortgage banking operations in Puerto Rico. The Company owns Doral Bank P.R., a commercial bank in Puerto Rico and Doral Bank – FSB, a thrift in New York. In Puerto Rico, it is also involved in the insurance and broker dealer business through its subsidiaries Doral Insurance and Doral Securities.
  • El Paso Corp (NYSE:EP): Eton Capital held 2,780,000 shares worth $38,253,000 on December 31st, 2010. The shares traded at $13.76 on December 21st, 2010, their recent price is $16.96, their 52-week high is $18.77, and their 52-week low is $10.17. The company’s earnings per share are $0.99, its price-to-earnings ratio is 17.1, and its market capitalization is $12,982,562,147.00. El Paso Corporation operates natural gas pipeline and storage facilities, transports natural gas, and imports liquefied natural gas. El Paso also explores for and produces natural gas. The Company has operations in the United States, Brazil, and Egypt.
  • Electronic Arts (NASDAQ:ERTS): Eton Capital held 1,000,000 shares worth $16,380,000 on December 31st, 2010. The shares traded at $16.38 on December 21st, 2010, their recent price is $19.67, their 52-week high is $20.52, and their 52-week low is $14.06. The company’s earnings per share are ($1.20), its price-to-earnings ratio is is impossible to calculate because its earnings are negative, and its market capitalization is $6,574,729,466.00. Electronic Arts Inc. develops, publishes, and distributes branded interactive entertainment software worldwide for video game consoles, personal computers, handheld game players, and cellular handsets. The Company also provides online game-related services.

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