A $20 Billion Hedge Fund Owns These Financial Stock Position Sizes

As the Dow Jones (NYSE:DIA) is down 58 points and the S&P 500 Index (NYSE:SPY) is down 9 points, we uncover information on Canyon Capital Advisors’ top holdings in the Financial sector:

  • Genworth Financial, Inc. (NYSE:GNW): On 3/31/11 Canyon Capital Advisors reported holding 5,463,428 shares with a market value of $73,537,741. This comprised 4.43% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 7,116,028 shares with a market value of $73,152,766. This comprised 5.55% of the total portfolio. The net change in shares for this position over the two quarters is 1,652,600. About the company: Genworth Financial Inc. offers insurance, wealth management, investment and financial solutions The Company offers products that include life insurance products, long-term care insurance, and mortgage guarantee insurance coverage on residential mortgage loans. Genworth is active in the United States, Canada, Australia, New Zealand, Mexico and multiple European countries.
  • Bank of America Corporation (NYSE:BAC): On 3/31/11 Canyon Capital Advisors reported holding 6,043,751 shares with a market value of $80,563,200. This comprised 4.86% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 6,502,071 shares with a market value of $71,262,698. This comprised 5.41% of the total portfolio. The net change in shares for this position over the two quarters is 458,320. About the company: 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.
  • JPMorgan Chase & Co. (NYSE:JPM): On 3/31/11 Canyon Capital Advisors reported holding 1,541,321 shares with a market value of $71,054,896. This comprised 4.28% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,673,296 shares with a market value of $68,504,736. This comprised 5.20% of the total portfolio. The net change in shares for this position over the two quarters is 131,975. About the company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • CIT Group, Inc. (NYSE:CIT): On 3/31/11 Canyon Capital Advisors reported holding 689,427 shares with a market value of $29,335,118. This comprised 1.77% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 931,000 shares with a market value of $41,206,058. This comprised 3.13% of the total portfolio. The net change in shares for this position over the two quarters is 241,573. About the company: 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): On 3/31/11 Canyon Capital Advisors reported holding 5,424,475 shares with a market value of $23,976,180. This comprised 1.45% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 542,444 shares with a market value of $22,587,368. This comprised 1.71% of the total portfolio. The net change in shares for this position over the two quarters is -4,882,031. About the company: 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.
  • Glimcher Realty Trust (NYSE:GRT): On 3/31/11 Canyon Capital Advisors reported holding 2,214,467 shares with a market value of $20,483,820. This comprised 1.23% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,964,467 shares with a market value of $18,662,437. This comprised 1.42% of the total portfolio. The net change in shares for this position over the two quarters is -250,000. About the company: Glimcher Realty Trust is a fully integrated, self-administered and self-managed real estate investment trust. The Trust owns, leases, manages, acquires and develops enclosed regional malls, shopping centers and single tenant retail properties in the United States.
  • First Industrial Realty Trust, Inc. (NYSE:FR): On 3/31/11 Canyon Capital Advisors reported holding 3,566,248 shares with a market value of $42,402,690. This comprised 2.56% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 702,054 shares with a market value of $8,038,518. This comprised 0.61% of the total portfolio. The net change in shares for this position over the two quarters is -2,864,194. About the company: First Industrial Realty Trust, Inc. is a self-administered and fully integrated real estate investment trust which owns, manages, acquires and develops bulk warehouses and light industrial properties. The Company’s interests in its properties are held through various partnerships controlled by the company.
  • Ramco-Gershenson Properties Trust (NYSE:RPT): On 3/31/11 Canyon Capital Advisors reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 600,000 shares with a market value of $7,428,000. This comprised 0.56% of the total portfolio. The net change in shares for this position over the two quarters is 600,000. About the company: Ramco-Gershenson Properties Trust owns, develops, acquires, manages and leases regional malls, community shopping centers and single tenant properties, nationally. The REIT’S portfolio consists of properties located in Michigan, Ohio, Florida, New York, New Jersey, Maryland, Georgia and Wisconsin, North Carolina. South Carolina, Tennessee and Alabama.
  • Pennsylvania Real Estate Investment Trust (NYSE:PEI): On 3/31/11 Canyon Capital Advisors reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 404,500 shares with a market value of $6,350,650. This comprised 0.48% of the total portfolio. The net change in shares for this position over the two quarters is 404,500. About the company: Pennsylvania Real Estate Investment Trust is a self-administered real estate investment trust involved in acquiring, managing and holding real estate interests for current yield and long-term appreciation. The Company’s real estate holdings consist of shopping malls, strip and power centers, and industrial properties in the Mid-Atlantic and Southeastern United States.

(Note: Data about Canyon Capital Advisors’ stock holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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