Capital Growth Increases Shares of Tiffany and CBS, Reduces Priceline Stake

Following is information regarding Capital Growth Management’s top holdings in the Services sector for the quarter ending September 30th, 2011:

  • Priceline.com, Inc. (NASDAQ:PCLN): On 6/30/11 Capital Growth Management LP reported holding 417,000 shares with a market value of $213,474,807. This comprised 3.52% of the total portfolio. On 9/30/11, Capital Growth Management LP held 407,500 shares with a market value of $183,154,947. This comprised 4.29% of the total portfolio. The net change in shares for this position over the two quarters is -9,500. About the company: Priceline.com Incorporated enables consumers to use the Internet to save money on a variety of products and services. The Company’s product allows customers to name their own price on products or services and communicates that demand directly to participating sellers or to their private databases. Participants include domestic and international airlines, and hotel chains.
  • Tiffany & Co. (NYSE:TIF): On 6/30/11 Capital Growth Management LP reported holding 1,987,200 shares with a market value of $156,034,937. This comprised 2.57% of the total portfolio. On 9/30/11, Capital Growth Management LP held 2,257,200 shares with a market value of $137,282,903. This comprised 3.21% of the total portfolio. The net change in shares for this position over the two quarters is 270,000. About the company: Tiffany & Co. operates jewelry and specialty retail stores and designs and manufactures its products through subsidiary companies. The Company retails its products through stores and boutiques in the United States, Mexico, Canada, and Brazil, and wholesales outside the United States. Tiffany also markets through the Internet and catalogs.
  • CBS Corp. (NYSE:CBS): On 6/30/11 Capital Growth Management LP reported holding 6,540,000 shares with a market value of $186,324,599. This comprised 3.07% of the total portfolio. On 9/30/11, Capital Growth Management LP held 6,560,000 shares with a market value of $133,692,794. This comprised 3.13% of the total portfolio. The net change in shares for this position over the two quarters is 20,000. About the company: CBS Corporation is a multimedia company that operates broadcasting, television production, and publishing businesses. The Company operates television and radio stations, produces and syndicates television programs, publishes books, provides online content as well as provides outdoor advertising.
  • Simon Property Group, Inc. (NYSE:SPG): On 6/30/11 Capital Growth Management LP reported holding 1,085,673 shares with a market value of $126,187,776. This comprised 2.08% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,085,673 shares with a market value of $119,402,320. This comprised 2.80% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Simon Property Group, Inc. is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
  • Home Properties, Inc. (NYSE:HME): On 6/30/11 Capital Growth Management LP reported holding 1,579,860 shares with a market value of $96,181,878. This comprised 1.58% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,579,860 shares with a market value of $89,672,851. This comprised 2.10% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Home Properties, Inc. is a real estate investment trust with operations in selected Northeast, Midwest, and Mid-Atlantic markets in the United States. The Company owns, operates, acquires, and rehabilitates apartment communities. Home Properties also manages commercial space.
  • Public Storage (NYSE:PSA): On 6/30/11 Capital Growth Management LP reported holding 780,000 shares with a market value of $88,927,802. This comprised 1.46% of the total portfolio. On 9/30/11, Capital Growth Management LP held 780,000 shares with a market value of $86,852,999. This comprised 2.03% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Public Storage is a real estate investment trust. The trust’s principal business activities include the acquisition, development, ownership and operation of self-storage facilities in the United States. Public Storage also own an equity interest in an owner and operator of self-storage facilities in Europe.
  • AvalonBay Communities, Inc. (NYSE:AVB): On 6/30/11 Capital Growth Management LP reported holding 755,000 shares with a market value of $96,941,995. This comprised 1.60% of the total portfolio. On 9/30/11, Capital Growth Management LP held 755,000 shares with a market value of $86,107,752. This comprised 2.02% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: AvalonBay Communities, Inc. is a self-managed, fully-integrated multi-family real estate investment trust. The Company focuses on the ownership and operation of institutional-quality apartment communities in high barrier-to-entry markets of the United States. The markets are located in Northern and South California and in the Mid-Atlantic, Northeast, Midwest and Pacific Northwest region.
  • Equity Residential (NYSE:EQR): On 6/30/11 Capital Growth Management LP reported holding 1,630,000 shares with a market value of $97,800,000. This comprised 1.61% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,630,000 shares with a market value of $84,548,098. This comprised 1.98% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Equity Residential is a real estate investment trust. The trust acquires, develops, and manages apartment complexes in the United States.
  • SL Green Realty Corp. (NYSE:SLG): On 6/30/11 Capital Growth Management LP reported holding 1,450,000 shares with a market value of $120,161,504. This comprised 1.98% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,450,000 shares with a market value of $84,317,502. This comprised 1.97% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: SL Green Realty Corp. is a fully integrated, self-administered and self-managed real estate investment trust. The Trust is exclusively focused on owning and operating office buildings in Manhattan.
  • Essex Property Trust, Inc. (NYSE:ESS): On 6/30/11 Capital Growth Management LP reported holding 695,000 shares with a market value of $94,026,545. This comprised 1.55% of the total portfolio. On 9/30/11, Capital Growth Management LP held 695,000 shares with a market value of $83,427,801. This comprised 1.95% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Essex Property Trust, Inc. is a self-administered and self-managed real estate investment trust company. The Company specializes in acquiring, developing and managing multifamily residential properties. Essex has ownership interests in residential properties and commercial properties located in California, Oregon and Washington.

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

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