Amana Mutual Funds Trust Stock Sales in Quarterly Release

Wall St. Watchdog reveals information regarding significant reduction in shares for Amana Mutual Funds Trust’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

The Mcgraw-hill Companies Inc. (NYSE:MHP): On 06/30/2011, Amana Mutual Funds Trust reported holding 873,906 shares. On 09/30/2011, Amana Mutual Funds Trust reported holding 856 shares. The net reduction in shares for this position is 873,050 or 99.9%. About Company: Founded in 1888, The McGraw-Hill Companies is a leading global financial information and education company that helps professionals and students succeed in the Knowledge Economy. Leading brands include Standard & Poor’s, McGraw-Hill Education, Platts energy information services and J.D. Power and Associates. The Corporation has approximately 21,000 employees with more than 280 offices in 40 countries. Sales in 2010 were $6.2 billion.

Coach Inc. (NYSE:COH): On 06/30/2011, Amana Mutual Funds Trust reported holding 867,300 shares. On 09/30/2011, Amana Mutual Funds Trust reported holding 8,800 shares. The net reduction in shares for this position is 858,500 or 98.99%. About Company: Coach, Inc. designs, produces, and markets primarily leather goods. The Company’s products include handbags, business cases, men’s and women’s accessories, luggage and travel accessories, leather outerwear, and gloves. Coach, together with a licensing partner, offers watches, footwear, furniture, and eyewear.

Rio Tinto Plc (NYSE:RIO): On 06/30/2011, Amana Mutual Funds Trust reported holding 372,703 shares. On 09/30/2011, Amana Mutual Funds Trust reported holding 7,987 shares. The net reduction in shares for this position is 364,716 or 97.86%. About Company: Rio Tinto PLC is an international mining company. The Company has interests in mining for aluminum, borax, coal, copper, gold, iron ore, lead, silver, tin, uranium, zinc, titanium dioxide feedstock, diamonds, talc and zircon. Rio Tinto’s various mining operations are located in Australia, New Zealand, South Africa, the United States, South America, Europe, and Indonesia.

Noble Corp. (NYSE:NE): On 06/30/2011, Amana Mutual Funds Trust reported holding 781,912 shares. On 09/30/2011, Amana Mutual Funds Trust reported holding 20,312 shares. The net reduction in shares for this position is 761,600 or 97.4%. About Company: Noble Corporation provides diversified services for the oil and gas industry. The Company provides contract drilling services with its fleet of offshore drilling units located in markets worldwide. Noble also provides labor contract drilling services, well site and project management services, and engineering services.

Washington Banking Co. (NASDAQ:WBCO): On 06/30/2011, Amana Mutual Funds Trust reported holding 28,000 shares. On 09/30/2011, Amana Mutual Funds Trust reported holding 1,250 shares. The net reduction in shares for this position is 26,750 or 95.54%. About Company: Washington Banking Company is the holding company for Whidbey Island Bank. The Bank provides a full range of commercial banking services to small and medium-sized businesses, professionals, and other individuals. Whidbey operates offices in Island, Skagit, and Whatcom counties, in northwestern Washington.

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

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com