Biggest Q3 Financial Stock Holdings of a $24 Billion Fund

Following is information regarding Adage Capital Partners’ top holdings in the Financial sector:

  • Wells Fargo & Company (NYSE:WFC): On 6/30/11 Adage Capital Partners reported holding 6,728,688 shares with a market value of $188,806,982. This comprised 0.71% of the total portfolio. On 9/30/11, Adage Capital Partners held 7,954,888 shares with a market value of $191,871,905. This comprised 0.92% of the total portfolio. The net change in shares for this position over the two quarters is 1,226,200. About the 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.
  • General Electric Co. (NYSE:GE): On 6/30/11 Adage Capital Partners reported holding 18,141,544 shares with a market value of $342,149,531. This comprised 1.29% of the total portfolio. On 9/30/11, Adage Capital Partners held 10,668,886 shares with a market value of $162,380,448. This comprised 0.77% of the total portfolio. The net change in shares for this position over the two quarters is -7,472,658. About the company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.
  • JPMorgan Chase & Co. (NYSE:JPM): On 6/30/11 Adage Capital Partners reported holding 5,163,607 shares with a market value of $211,398,063. This comprised 0.80% of the total portfolio. On 9/30/11, Adage Capital Partners held 5,107,207 shares with a market value of $153,829,079. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is -56,400. 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.
  • Berkshire Hathaway (NYSE:BRKA): On 6/30/11 Adage Capital Partners reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Adage Capital Partners held 1,915,509 shares with a market value of $136,077,761. This comprised 0.65% of the total portfolio. The net change in shares for this position over the two quarters is 1,915,509. About the company: Berkshire Hathaway Inc. is a holding company owning subsidiaries in a variety of business sectors. The Company’s principal operations are insurance business conducted nationwide on a primary basis and worldwide on a reinsurance basis. Berkshire’s other operations include The Buffalo News, aviation training, and retail furniture businesses, as well as shoe, candy, and rug manufacturing.
  • Citigroup, Inc. (NYSE:C): On 6/30/11 Adage Capital Partners reported holding 6,312,888 shares with a market value of $262,868,652. This comprised 0.99% of the total portfolio. On 9/30/11, Adage Capital Partners held 4,685,888 shares with a market value of $120,052,454. This comprised 0.57% of the total portfolio. The net change in shares for this position over the two quarters is -1,627,000. 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.
  • US Bancorp (NYSE:USB): On 6/30/11 Adage Capital Partners reported holding 3,951,461 shares with a market value of $100,801,771. This comprised 0.38% of the total portfolio. On 9/30/11, Adage Capital Partners held 4,099,561 shares with a market value of $96,503,670. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 148,100. About the 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.
  • MetLife, Inc. (NYSE:MET): On 6/30/11 Adage Capital Partners reported holding 2,359,512 shares with a market value of $103,511,789. This comprised 0.39% of the total portfolio. On 9/30/11, Adage Capital Partners held 3,210,458 shares with a market value of $89,924,929. This comprised 0.43% of the total portfolio. The net change in shares for this position over the two quarters is 850,946. About the company: MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company’s products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.
  • The Goldman Sachs Group, Inc. (NYSE:GS): On 6/30/11 Adage Capital Partners reported holding 624,500 shares with a market value of $83,114,703. This comprised 0.31% of the total portfolio. On 9/30/11, Adage Capital Partners held 878,600 shares with a market value of $83,071,633. This comprised 0.40% of the total portfolio. The net change in shares for this position over the two quarters is 254,100. About the 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.
  • Ace Limited (NYSE:ACE): On 6/30/11 Adage Capital Partners reported holding 1,413,830 shares with a market value of $93,058,290. This comprised 0.35% of the total portfolio. On 9/30/11, Adage Capital Partners held 1,323,530 shares with a market value of $80,205,916. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is -90,300. 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.
  • Bank of America Corporation (NYSE:BAC): On 6/30/11 Adage Capital Partners reported holding 9,950,686 shares with a market value of $109,059,519. This comprised 0.41% of the total portfolio. On 9/30/11, Adage Capital Partners held 13,062,286 shares with a market value of $79,941,189. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 3,111,600. 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.

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

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