Canyon Capital: Stock Position Changes in the Services Sector

Following is information about Canyon Capital Advisors’ top holdings in the Services sector:

  • Lowe’s Companies, Inc. (NYSE:LOW): On 3/31/11 Canyon Capital Advisors reported holding 2,055,876 shares with a market value of $54,336,803. This comprised 3.28% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 2,970,676 shares with a market value of $69,246,456. This comprised 5.26% of the total portfolio. The net change in shares for this position over the two quarters is 914,800. About the company: Lowe’s Companies, Inc. is a home improvement retailer that distributes building materials and supplies through stores in the United States. The Company offers a complete line of products and services for home decorating, maintenance, repair, remodeling, and property maintenance.
  • Clear Channel Outdoor Holdings, Inc. (NYSE:CCO): On 3/31/11 Canyon Capital Advisors reported holding 2,352,109 shares with a market value of $34,223,186. This comprised 2.06% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 4,000,000 shares with a market value of $50,799,999. This comprised 3.86% of the total portfolio. The net change in shares for this position over the two quarters is 1,647,891. About the company: Clear Channel Outdoor Holdings, Inc. is an advertising company. The Company offers advertising opportunities through billboards, street furniture displays, transit displays, and other out-of-home advertising displays.
  • Devry, Inc. (NYSE:DV): On 3/31/11 Canyon Capital Advisors reported holding 600,000 shares with a market value of $33,042,000. This comprised 1.99% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 602,000 shares with a market value of $35,596,261. This comprised 2.70% of the total portfolio. The net change in shares for this position over the two quarters is 2,000. About the company: DeVry, Inc. owns and manages higher education systems throughout North America. The Institutions offers various degrees in a wide range of disciplines, including associate, bachelor’s and master’s degree programs in technology; healthcare technology; business and management, as well as online secondary education to school districts and medical education.
  • Charter Communications, Inc. (NASDAQ:CHTR): On 3/31/11 Canyon Capital Advisors reported holding 854,429 shares with a market value of $43,259,741. This comprised 2.61% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 506,494 shares with a market value of $27,482,364. This comprised 2.09% of the total portfolio. The net change in shares for this position over the two quarters is -347,935. About the company: Charter Communications, Inc. offers broadband Internet communications services. The Company offers high-speed Internet access; Internet telephone services; business-to-business Internet access, data networking, video and music entertainment services, and business telephone; and digital cable video entertainment services.
  • Corrections Corporation of America (NYSE:CXW): On 3/31/11 Canyon Capital Advisors reported holding 1,244,358 shares with a market value of $30,362,335. This comprised 1.83% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,196,200 shares with a market value of $25,897,730. This comprised 1.97% of the total portfolio. The net change in shares for this position over the two quarters is -48,158. About the company: Corrections Corporation of America provides detention and corrections services to governmental agencies. The Company owns correctional and detention facilities in the United States and the United Kingdom. Services include design, construction, ownership, renovation, and management of new or existing jails and prisons, as well as long distance inmate transportation services.
  • Belo Corp. (NYSE:BLC): On 3/31/11 Canyon Capital Advisors reported holding 2,608,491 shares with a market value of $22,980,807. This comprised 1.39% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 3,288,000 shares with a market value of $24,758,641. This comprised 1.88% of the total portfolio. The net change in shares for this position over the two quarters is 679,509. About the company: Belo Corporation owns and operates television stations, regional cable news channels, and Internet websites. The Company’s television stations are located in the southern, southwestern, and northwestern United States.
  • Apollo Group, Inc. (NASDAQ:APOL): On 3/31/11 Canyon Capital Advisors reported holding 499,592 shares with a market value of $20,837,982. This comprised 1.26% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 499,592 shares with a market value of $21,822,179. This comprised 1.66% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Apollo Group, Inc. provides higher education programs for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.
  • CVS Caremark Corporation (NYSE:CVS): On 3/31/11 Canyon Capital Advisors reported holding 600,000 shares with a market value of $20,592,000. This comprised 1.24% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 500,000 shares with a market value of $18,790,001. This comprised 1.43% of the total portfolio. The net change in shares for this position over the two quarters is -100,000. About the company: CVS Caremark Corporation is an integrated pharmacy health care provider. The Company’s offerings include pharmacy benefit management services; mail order, retail and specialty pharmacy; disease management programs; and retail clinics. The company operates drugstores throughout the U.S., the District of Columbia, and Puerto Rico.
  • Papa John’s International, Inc. (NASDAQ:PZZA): On 3/31/11 Canyon Capital Advisors reported holding 333,000 shares with a market value of $10,546,110. This comprised 0.64% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 469,600 shares with a market value of $15,618,895. This comprised 1.19% of the total portfolio. The net change in shares for this position over the two quarters is 136,600. About the company: Papa John’s International, Inc. operates and franchises pizza delivery and carry-out restaurants under the Papa John’s trademark. The Company operates restaurants in the United States and international markets.
  • Yahoo! Inc. (NASDAQ:YHOO): On 3/31/11 Canyon Capital Advisors reported holding 5,115,119 shares with a market value of $85,320,186. This comprised 5.14% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,000,000 shares with a market value of $15,040,000. This comprised 1.14% of the total portfolio. The net change in shares for this position over the two quarters is -4,115,119. About the company: Yahoo! Inc. is a global Internet media company that offers an online guide to Web navigation, aggregated information content, communication services, and commerce. The Company’s site includes a hierarchical, subject-based directory of Web sites, which enables users to locate and access information and services through hypertext links included in the directory.

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

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