Big Stock Holdings in the Financial Sector of SAC Capital and Steve Cohen

As the Dow Jones Industrial Average drops 83 points ahead of the big presidential jobs speech this evening, Wall St. Watchdog reveals information about SAC Capital’s top investments in the Financial sector:

  • XL Group, PLC (NYSE:XL): On 3/31/11 SAC Capital reported holding 4,469,258 shares with a market value of $109,943,749. This comprised 0.84% of the total portfolio. On 6/30/11, SAC Capital held 3,221,608 shares with a market value of $70,810,942. This comprised 0.51% of the total portfolio. The net change in shares for this position over the two quarters is -1,247,650. About the company: XL Group PLC, through its subsidiaries, provides global insurance and reinsurance coverages to industrial, commercial and professional service firms, insurance companies and other enterprises on a worldwide basis. The Company’s operations include insurance, reinsurance, life operations, and other financial lines, as well as general investing an financing.
  • The Chubb Corporation (NYSE:CB): On 3/31/11 SAC Capital reported holding 2,308,301 shares with a market value of $141,521,937. This comprised 1.08% of the total portfolio. On 6/30/11, SAC Capital held 990,228 shares with a market value of $61,998,176. This comprised 0.45% of the total portfolio. The net change in shares for this position over the two quarters is -1,318,073. About the company: The Chubb Corporation, a holding company, offers property and casualty insurance, which includes personal, standard commercial and specialty commercial insurance. The Company provides insurance coverage principally in the United States, Canada, Europe, Australia, and parts of Latin America and Asia.
  • Ace Limited (NYSE:ACE): On 3/31/11 SAC Capital reported holding 1,919,438 shares with a market value of $124,187,633. This comprised 0.95% of the total portfolio. On 6/30/11, SAC Capital held 935,532 shares with a market value of $61,576,716. This comprised 0.45% of the total portfolio. The net change in shares for this position over the two quarters is -983,906. About the company: 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.
  • Genworth Financial, Inc. (NYSE:GNW): On 3/31/11 SAC Capital reported holding 1,079,300 shares with a market value of $14,527,378. This comprised 0.11% of the total portfolio. On 6/30/11, SAC Capital held 4,460,528 shares with a market value of $45,854,227. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is 3,381,228. 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.
  • American International Group, Inc. (NYSE:AIG): On 3/31/11 SAC Capital reported holding 27,938 shares with a market value of $981,741. This comprised 0.01% of the total portfolio. On 6/30/11, SAC Capital held 1,544,797 shares with a market value of $45,293,448. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is 1,516,859. About the company: American International Group, Inc. is a holding company which, through its subsidiaries provides a varied range of insurance and insurance-related activities in the United States and abroad. The Company’s main activities include both general insurance and life insurance & retirement services operations as well as financial services and asset management.
  • CapitalSource, Inc. (NYSE:CSE): On 3/31/11 SAC Capital reported holding 6,063,283 shares with a market value of $42,685,512. This comprised 0.33% of the total portfolio. On 6/30/11, SAC Capital held 6,497,074 shares with a market value of $41,906,126. This comprised 0.30% of the total portfolio. The net change in shares for this position over the two quarters is 433,791. About the company: CapitalSource Inc. provides loans to small and medium-sized businesses. The Company seeks to lend to businesses that require customized and sophisticated debt financing. CapitalSource offers a variety of loan products, including senior asset-based loans, senior cash flow loans, mortgage loans and mezzanine loans.
  • Cigna Corporation (NYSE:CI): On 3/31/11 SAC Capital reported holding 484,767 shares with a market value of $21,465,482. This comprised 0.16% of the total portfolio. On 6/30/11, SAC Capital held 787,463 shares with a market value of $40,499,222. This comprised 0.29% of the total portfolio. The net change in shares for this position over the two quarters is 302,696. About the company: 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.
  • JPMorgan Chase & Co. (NYSE:JPM): On 3/31/11 SAC Capital reported holding 446,516 shares with a market value of $20,584,387. This comprised 0.16% of the total portfolio. On 6/30/11, SAC Capital held 943,409 shares with a market value of $38,623,163. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is 496,893. 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.
  • Citigroup, Inc. (NYSE:C): On 3/31/11 SAC Capital reported holding 2,200,201 shares with a market value of $9,724,889. This comprised 0.07% of the total portfolio. On 6/30/11, SAC Capital held 821,481 shares with a market value of $34,206,468. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is -1,378,720. 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.
  • Brown & Brown, Inc. (NYSE:BRO): On 3/31/11 SAC Capital reported holding 375,778 shares with a market value of $9,695,072. This comprised 0.07% of the total portfolio. On 6/30/11, SAC Capital held 1,060,837 shares with a market value of $27,221,077. This comprised 0.20% of the total portfolio. The net change in shares for this position over the two quarters is 685,059. About the company: Brown & Brown, Inc. and its subsidiaries provide a range of insurance and reinsurance products and services. The Company also provides risk management, employee benefit administration, and managed health care services. Brown & Brown operates offices across the United States.

(N0te: Data on SAC Capital’s holdings are sourced from whalewisdom.com.  All data are assumed to be accurate.)

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