Canyon Capital’s Heaviest 10 Stock Holdings to Watch

As the Dow Jones whipsawed back into positive territory at the closing bell today, we share information about Canyon Capital Advisors’ top 10 holdings:

  • Chemtura Corp. (NYSE:CHMT): On 3/31/11 Canyon Capital Advisors reported holding 4,905,317 shares with a market value of $84,371,456. This comprised 5.09% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 5,679,181 shares with a market value of $103,361,099. This comprised 7.85% of the total portfolio. The net change in shares for this position over the two quarters is 773,864. About the company: Chemtura Corporation manufactures plastics and other chemicals.  The Company produces urethane polymers; plastic additives, including flame retardants; pool and spa products; seed treatment and miticides; and petroleum additives.  Chemtura operates worldwide.
  • Genworth Financial, Inc. (NYSE:GNW): On 3/31/11 Canyon Capital Advisors reported holding 5,463,428 shares with a market value of $73,537,741. This comprised 4.43% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 7,116,028 shares with a market value of $73,152,766. This comprised 5.55% of the total portfolio. The net change in shares for this position over the two quarters is 1,652,600. 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.
  • Bank of America Corporation (NYSE:BAC): On 3/31/11 Canyon Capital Advisors reported holding 6,043,751 shares with a market value of $80,563,200. This comprised 4.86% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 6,502,071 shares with a market value of $71,262,698. This comprised 5.41% of the total portfolio. The net change in shares for this position over the two quarters is 458,320. 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.
  • 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.
  • JPMorgan Chase & Co. (NYSE:JPM): On 3/31/11 Canyon Capital Advisors reported holding 1,541,321 shares with a market value of $71,054,896. This comprised 4.28% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,673,296 shares with a market value of $68,504,736. This comprised 5.20% of the total portfolio. The net change in shares for this position over the two quarters is 131,975. 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.  JPMorgan Chase serves business enterprises, institutions, and individuals.
  • Marathon Oil Corporation (NYSE:MRO): On 3/31/11 Canyon Capital Advisors reported holding 1,202,784 shares with a market value of $64,120,417. This comprised 3.87% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,011,784 shares with a market value of $53,300,781. This comprised 4.05% of the total portfolio. The net change in shares for this position over the two quarters is -191,000. About the company: Marathon Oil Corporation, through its subsidiaries, is an integrated oil firm with operations worldwide.  The Company explores for and produces and markets liquid hydrocarbons and natural gas on a worldwide basis.  Marathon also mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada and refines, markets and transports crude oil and petroleum products.
  • 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.
  • Packaging Corp. of America (NYSE:PKG): On 3/31/11 Canyon Capital Advisors reported holding 1,717,529 shares with a market value of $49,619,412. This comprised 2.99% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,717,529 shares with a market value of $48,073,636. This comprised 3.65% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Packaging Corp of America manufactures containerboard and corrugated packaging products for use in protecting goods during shipment. The Company also produces multi-color boxes and displays, as well as meat boxes and wax-coated boxes for the agricultural industry.
  • NRG Energy, Inc. (NYSE:NRG): On 3/31/11 Canyon Capital Advisors reported holding 1,564,000 shares with a market value of $33,688,561. This comprised 2.03% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 1,871,891 shares with a market value of $46,011,081. This comprised 3.49% of the total portfolio. The net change in shares for this position over the two quarters is 307,891. About the company: NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in the United States.  The Company’s operations include energy production and cogeneration facilities, thermal energy production, and energy resource recovery facilities.
  • CIT Group, Inc. (NYSE:CIT): On 3/31/11 Canyon Capital Advisors reported holding 689,427 shares with a market value of $29,335,118. This comprised 1.77% of the total portfolio. On 6/30/11, Canyon Capital Advisors held 931,000 shares with a market value of $41,206,058. This comprised 3.13% of the total portfolio. The net change in shares for this position over the two quarters is 241,573. About the company: CIT Group, Inc. operates as a holding company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses.  CIT Group operates globally.

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

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