Canyon Capital Sells Shares of These Companies in Q3

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

  • Tyco International Ltd. (NYSE:TYC): On 06/30/2011, Canyon Capital reported holding 200,000 shares. On 09/30/2011, Canyon Capital reported holding 44,400 shares. The net reduction in shares for this position is 155,600 or 77.8%. About Company: Tyco International Ltd. provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products.
  • Cit Group Inc. (NYSE:CIT): On 06/30/2011, Canyon Capital reported holding 931,000 shares. On 09/30/2011, Canyon Capital reported holding 302,426 shares. The net reduction in shares for this position is 628,574 or 67.52%. About Company: CIT Group Inc. operates as a holding company. The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. CIT Group operates globally.
  • Ramco-gershenson Properties Trust (NYSE:RPT): On 06/30/2011, Canyon Capital reported holding 600,000 shares. On 09/30/2011, Canyon Capital reported holding 200,000 shares. The net reduction in shares for this position is 400,000 or 66.67%. About Company: Ramco-Gershenson Properties Trust owns, develops, acquires, manages and leases regional malls, community shopping centers and single tenant properties, nationally. The REIT’S portfolio consists of properties located in Michigan, Ohio, Florida, New York, New Jersey, Maryland, Georgia and Wisconsin, North Carolina. South Carolina, Tennessee and Alabama.
  • Hess Corporation (NYSE:HES): On 06/30/2011, Canyon Capital reported holding 754,300 shares. On 09/30/2011, Canyon Capital reported holding 261,800 shares. The net reduction in shares for this position is 492,500 or 65.29%. About Company: Hess Corporation is a global integrated energy company. The Company explores for, produces, markets, and refines crude oil and natural gas. The Company operates in countries that include Algeria, Australia, Azerbaijan, Brazil, Denmark, Egypt, Equatorial Guinea, Gabon, Ghana, Indonesia, Libya, Malaysia, Norway, Peru, Russia, Thailand, the United Kingdom and the United States.
  • Ingram Micro Inc. (NYSE:IM): On 06/30/2011, Canyon Capital reported holding 205,215 shares. On 09/30/2011, Canyon Capital reported holding 93,840 shares. The net reduction in shares for this position is 111,375 or 54.27%. About Company: Ingram Micro Inc. is a wholesale distributor of Information Technology (“IT”) products and services. The Company also markets computer hardware, networking equipment, and software products. Ingram Micro provides supply chain optimization services to suppliers and reseller customers.

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

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