Bank of America and JP Morgan Stakes Reduced by Metropolitan Capital in Latest 13F

Wall St. Watchdog reveals information regarding Metropolitan Capital Advisors’ top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 8 stocks in the Financial sector at the end of the quarter with an aggregate market value of $15.729 million.

  • Navios Maritime Acquisition Corporation (NYSE:NNA): On 06/30/2011 reported holding 1,311,774 shares with a market value of $5,338,920. This comprised 3.87% of the total portfolio. On 09/30/2011 reported holding 2,124,253 shares with a market value of $7,201,218. This comprised 6.69% of the total portfolio. The net change in shares for this position over the two quarters is 812,479. About Company: Navios Maritime Acquisition Corporation is a blank check company. The Company was formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination, one or more assets or operating businesses in the marine transportation and logistics industries.Business Combination Deadline Jul 1,2010
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011 reported holding 94,900 shares with a market value of $1,040. This comprised 0% of the total portfolio. On 09/30/2011 reported holding 82,400 shares with a market value of $504. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is -12,500. 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.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011 reported holding 112,616 shares with a market value of $4,610,499. This comprised 3.35% of the total portfolio. On 09/30/2011 reported holding 99,716 shares with a market value of $3,003,446. This comprised 2.79% of the total portfolio. The net change in shares for this position over the two quarters is -12,900. 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.
  • Fox Chase Bancorp Inc. (NASDAQ:FXCB): On 06/30/2011 reported holding 179,457 shares with a market value of $2,431,642. This comprised 1.76% of the total portfolio. On 09/30/2011 reported holding 213,967 shares with a market value of $2,713,102. This comprised 2.52% of the total portfolio. The net change in shares for this position over the two quarters is 34,510. About Company: Fox Chase Bancorp is the holding company for Fox Chase Bank. The Bank attracts deposits from the general public and originates a variety of loans and also invests in securities. Fox Chase operates in the Philadelphia metropolitan area and Southern New Jersey.
  • Spdr S&p Biotech (NYSE:XBI): On 06/30/2011 reported holding 25,300 shares with a market value of $1,849,683. This comprised 1.34% of the total portfolio. On 09/30/2011 reported holding 22,200 shares with a market value of $1,321,122. This comprised 1.23% of the total portfolio. The net change in shares for this position over the two quarters is -3,100. About Company: SPDR S&P Biotech ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to replicate the performance of the S&P Biotechnology Select Industry Index, an equal-weighed index. The Index tracks all the US common stocks listed on the NYSE, American Stock Exchange, NASDAQ National Market and NASDAQ Small Cap exchanges.
  • United States Natural Gas (NYSE:UNG): On 06/30/2011 reported holding 65,300 shares with a market value of $719,606. This comprised 0.52% of the total portfolio. On 09/30/2011 reported holding 139,900 shares with a market value of $1,260,499. This comprised 1.17% of the total portfolio. The net change in shares for this position over the two quarters is 74,600. About Company: United States Natural Gas Fund LP is an exchange-traded fund incorporated in the USA. The Fund’s objective is for the units’ net asset value to reflect the performance of the price of natural gas delivered at the Henry Hub, Louisiana, as measured by the futures contract on natural gas traded on the New York Mercantile Exchange.
  • Phoenix Companies Inc. (NYSE:PNX): On 06/30/2011 reported holding 213,700 shares with a market value of $525,702. This comprised 0.38% of the total portfolio. On 09/30/2011 reported holding 185,000 shares with a market value of $225,700. This comprised 0.21% of the total portfolio. The net change in shares for this position over the two quarters is -28,700. About Company: The Phoenix Companies, Inc. is the holding company of Phoenix Life Insurance Company. The Company provides life insurance and annuities products for the a ccumulation, preservation, and transfer of wealth. The Phoenix Companies offer a broad portfolio of products and services to high-net-worth individuals, and institutions.

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

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