BlackRock, Inc.’s Likes Barrick Gold, Suncor Energy and Goldcorp Most in Q3

Wall St. Watchdog reveals information regarding BlackRock, Inc.’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 368 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $12.806 billion.

  • Barrick Gold Corporation (NYSE:ABX): On 06/30/2011, BlackRock, Inc. reported holding 24,478,949 shares with a market value of $1,108,651,623. This comprised 2.18% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 24,692,243 shares with a market value of $1,151,893,174. This comprised 2.61% of the total portfolio. The net change in shares for this position over the two quarters is 213,294. About Company: Barrick Gold Corporation is an international gold company with operating mines and development projects in the United States, Canada, South America, Australia, and Africa.
  • Suncor Energy Inc. (NYSE:SU): On 06/30/2011, BlackRock, Inc. reported holding 34,998,615 shares with a market value of $1,368,445,793. This comprised 2.69% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 36,331,622 shares with a market value of $924,276,483. This comprised 2.1% of the total portfolio. The net change in shares for this position over the two quarters is 1,333,007. About Company: Suncor Energy, Inc. is a integrated energy company focused on developing the Athabasca oil sands basin. The Company extracts and upgrades oil sands into refinery feedstock and diesel fuel, explores for, develops and produces natural gas, refines crude oil and markets a range of petroleum and petrochemical products, and operates crude oil pipelines and retail petroleum stations.
  • Goldcorp Inc. (NYSE:GG): On 06/30/2011, BlackRock, Inc. reported holding 19,141,587 shares with a market value of $923,964,413. This comprised 1.81% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 20,198,999 shares with a market value of $921,882,302. This comprised 2.09% of the total portfolio. The net change in shares for this position over the two quarters is 1,057,412. About Company: Goldcorp, Inc. is a North American gold producer. The Company has gold mining operations in the United States, Canada, Mexico, Brazil, Argentina, and Australia. Goldcorp owns the Red Lake mine in Ontario.
  • Canadian Natural Resources Limited (NYSE:CNQ): On 06/30/2011, BlackRock, Inc. reported holding 25,010,326 shares with a market value of $1,046,932,262. This comprised 2.06% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 25,282,647 shares with a market value of $740,023,089. This comprised 1.68% of the total portfolio. The net change in shares for this position over the two quarters is 272,321. About Company: Canadian Natural Resources Ltd. acquires, explores for, develops, and produces natural gas, crude oil, and related products. The Company operates in the Canadian provinces of Alberta, northeastern British Columbia and Saskatchewan. Canadian Natural also operates in areas which have access for exploration activities and where pipeline systems already exist.
  • Potash Corp. Of Saskatchewan Inc. (NYSE:POT): On 06/30/2011, BlackRock, Inc. reported holding 15,974,229 shares with a market value of $910,371,338. This comprised 1.79% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 16,457,838 shares with a market value of $711,307,778. This comprised 1.61% of the total portfolio. The net change in shares for this position over the two quarters is 483,609. About Company: Potash Corporation of Saskatchewan Inc. produces potash, phosphate, and nitrogen to the agricultural and industrial industries worldwide. The Company conducts operations in Canada, Chile, the United States, Brazil, and Trinidad.
  • Exxon Mobil Corp. (NYSE:XOM): On 06/30/2011, BlackRock, Inc. reported holding 7,945,933 shares with a market value of $646,640,006. This comprised 1.27% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 7,331,887 shares with a market value of $532,514,933. This comprised 1.21% of the total portfolio. The net change in shares for this position over the two quarters is -614,046. About Company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  • Enbridge Inc. (NYSE:ENB): On 06/30/2011, BlackRock, Inc. reported holding 16,494,065 shares with a market value of $535,397,335. This comprised 1.05% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 16,345,556 shares with a market value of $521,913,608. This comprised 1.18% of the total portfolio. The net change in shares for this position over the two quarters is -148,509. About Company: Enbridge Inc. provides energy transportation, distribution, and related services in North America and internationally. The Company operates a crude oil and liquids pipeline system, is involved in international energy projects, and is involved in natural gas transmission and midstream businesses. Enbridge also distributes natural gas and electricity, and provides retail energy products.
  • Kinross Gold Corporation (NYSE:KGC): On 06/30/2011, BlackRock, Inc. reported holding 28,491,490 shares with a market value of $450,165,547. This comprised 0.88% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 30,217,271 shares with a market value of $446,611,257. This comprised 1.01% of the total portfolio. The net change in shares for this position over the two quarters is 1,725,781. About Company: Kinross Gold Corporation is involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia.
  • Cenovus Energy Inc. (NYSE:CVE): On 06/30/2011, BlackRock, Inc. reported holding 14,349,871 shares with a market value of $540,416,140. This comprised 1.06% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 14,465,695 shares with a market value of $444,241,480. This comprised 1.01% of the total portfolio. The net change in shares for this position over the two quarters is 115,824. About Company: Cenovus Energy Inc. is an integrated oil company. The Company comprises natural gas, crude oil, and natural gas liquids reserves. Cenovus Energy has established natural gas and crude oil production in Alberta and Saskatchewan as well as refineries in Illinois and Texas.
  • Teck Resources Limited (NYSE:TCK): On 06/30/2011, BlackRock, Inc. reported holding 11,280,371 shares with a market value of $572,366,043. This comprised 1.12% of the total portfolio. On 09/30/2011, BlackRock, Inc. reported holding 11,445,351 shares with a market value of $334,089,802. This comprised 0.76% of the total portfolio. The net change in shares for this position over the two quarters is 164,980. About Company: Teck Resources Ltd. is an integrated natural resource group with activities in mining, smelting, and refining. The Company mines zinc, copper, molybdenum, gold, and metallurgical coal in the United States, Canada, Peru, and Chile. Teck also produces refined metals, specialized metal products, and other products.

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

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