A $7.2B Fund Owns These Financial Stocks the Most in Latest Quarter

Wall St. Watchdog reveals information regarding BlackRock Investment Management LLC’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 724 stocks in the Financial sector at the end of the quarter with an aggregate market value of $7.235 billion.

  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, BlackRock Investment Management LLC reported holding 15,251,102 shares with a market value of $624,380,095. This comprised 1.07% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 15,675,535 shares with a market value of $472,147,127. This comprised 0.94% of the total portfolio. The net change in shares for this position over the two quarters is 424,433. About 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.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, BlackRock Investment Management LLC reported holding 17,831,304 shares with a market value of $500,346,381. This comprised 0.86% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 19,037,822 shares with a market value of $459,192,283. This comprised 0.92% of the total portfolio. The net change in shares for this position over the two quarters is 1,206,518. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, BlackRock Investment Management LLC reported holding 10,584,979 shares with a market value of $440,758,519. This comprised 0.75% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 10,905,237 shares with a market value of $279,392,181. This comprised 0.56% of the total portfolio. The net change in shares for this position over the two quarters is 320,258. About 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.
  • The Travelers Companies Inc. (NYSE:TRV): On 06/30/2011, BlackRock Investment Management LLC reported holding 4,756,204 shares with a market value of $277,667,195. This comprised 0.48% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 4,182,025 shares with a market value of $203,790,076. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is -574,179. About Company: The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, BlackRock Investment Management LLC reported holding 7,391,170 shares with a market value of $188,548,748. This comprised 0.32% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 8,120,192 shares with a market value of $191,149,327. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 729,022. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, BlackRock Investment Management LLC reported holding 28,091,090 shares with a market value of $307,878,347. This comprised 0.53% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 24,944,925 shares with a market value of $152,662,938. This comprised 0.31% of the total portfolio. The net change in shares for this position over the two quarters is -3,146,165. About 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.
  • American Express Company (NYSE:AXP): On 06/30/2011, BlackRock Investment Management LLC reported holding 3,200,932 shares with a market value of $165,488,187. This comprised 0.28% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 3,340,973 shares with a market value of $150,009,693. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is 140,041. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • Prudential Financial Inc. (NYSE:PRU): On 06/30/2011, BlackRock Investment Management LLC reported holding 2,490,261 shares with a market value of $158,355,697. This comprised 0.27% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 3,004,424 shares with a market value of $140,787,310. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is 514,163. About Company: Prudential Financial, Inc. provides financial services throughout the United States and several locations worldwide. The Company offers a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, real estate brokerage, and relocation services.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, BlackRock Investment Management LLC reported holding 1,345,121 shares with a market value of $179,022,149. This comprised 0.31% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 1,431,697 shares with a market value of $135,366,956. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 86,576. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
  • Discover Fin Svcs (NYSE:DFS): On 06/30/2011, BlackRock Investment Management LLC reported holding 5,925,907 shares with a market value of $158,518,012. This comprised 0.27% of the total portfolio. On 09/30/2011, BlackRock Investment Management LLC reported holding 5,870,626 shares with a market value of $134,672,164. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is -55,281. About Company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine(ATM)/debit network, which includes ATMs, as well as POS terminals nationwide.

(Note: Data regarding BlackRock Investment Management LLC’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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