Capital Growth Management’s Top Financial Stocks

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

  • Citigroup, Inc. (NYSE:C): On 6/30/11 Capital Growth Management LP reported holding 5,506,800 shares with a market value of $229,303,149. This comprised 3.78% of the total portfolio. On 9/30/11, Capital Growth Management LP held 6,844,100 shares with a market value of $175,345,848. This comprised 4.11% of the total portfolio. The net change in shares for this position over the two quarters is 1,337,300. About the company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Morgan Stanley (NYSE:MS): On 6/30/11 Capital Growth Management LP reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Capital Growth Management LP held 6,900,000 shares with a market value of $93,219,002. This comprised 2.18% of the total portfolio. The net change in shares for this position over the two quarters is 6,900,000. About the company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.
  • MasterCard, Inc. (NYSE:MA): On 6/30/11 Capital Growth Management LP reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Capital Growth Management LP held 289,100 shares with a market value of $91,690,957. This comprised 2.15% of the total portfolio. The net change in shares for this position over the two quarters is 289,100. About the company: MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.
  • Prudential Financial, Inc. (NYSE:PRU): On 6/30/11 Capital Growth Management LP reported holding 139,500 shares with a market value of $8,870,805. This comprised 0.15% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,455,800 shares with a market value of $68,218,789. This comprised 1.60% of the total portfolio. The net change in shares for this position over the two quarters is 1,316,300. About the company: Prudential Financial, Inc. provides financial services throughout the United States and several locations worldwide. The Company offers a variety of products and services, including life insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, securities brokerage, real estate brokerage, and relocation services.
  • MetLife, Inc. (NYSE:MET): On 6/30/11 Capital Growth Management LP reported holding 620,000 shares with a market value of $27,199,399. This comprised 0.45% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,474,900 shares with a market value of $41,311,949. This comprised 0.97% of the total port folio. The net change in shares for this position over the two quarters is 854,900. About the company: MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company’s products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.
  • Visa, Inc. (NYSE:V): On 6/30/11 Capital Growth Management LP reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Capital Growth Management LP held 457,100 shares with a market value of $39,182,613. This comprised 0.92% of the total portfolio. The net change in shares for this position over the two quarters is 457,100. About the company: Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
  • PNC Financial Services Group, Inc. (NYSE:PNC): On 6/30/11 Capital Growth Management LP reported holding 720,000 shares with a market value of $42,919,200. This comprised 0.71% of the total portfolio. On 9/30/11, Capital Growth Management LP held 650,000 shares with a market value of $31,323,499. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is -70,000. About the company: PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company’s primary regional markets.
  • JPMorgan Chase & Co. (NYSE:JPM): On 6/30/11 Capital Growth Management LP reported holding 1,375,400 shares with a market value of $56,308,874. This comprised 0.93% of the total portfolio. On 9/30/11, Capital Growth Management LP held 1,010,000 shares with a market value of $30,421,201. This comprised 0.71% of the total portfolio. The net change in shares for this position over the two quarters is -365,400. 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. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Discover Financial Services (NYSE:DFS): On 6/30/11 Capital Growth Management LP reported holding 1,150,000 shares with a market value of $30,762,500. This comprised 0.51% of the total portfolio. On 9/30/11, Capital Growth Management LP held 327,800 shares with a market value of $7,519,732. This comprised 0.18% of the total portfolio. The net change in shares for this position over the two quarters is -822,200. About the company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine/debit network, which includes ATMs, as well as POS terminals nationwide.
  • First Cash Financial Services, Inc. (NASDAQ:FCFS): On 6/30/11 Capital Growth Management LP reported holding 170,000 shares with a market value of $7,138,300. This comprised 0.12% of the total portfolio. On 9/30/11, Capital Growth Management LP held 165,000 shares with a market value of $6,921,750. This comprised 0.16% of the total portfolio. The net change in shares for this position over the two quarters is -5,000. About the company: First Cash Financial Services, Inc. operates pawn stores. The Company’s stores lend money on the collateral of pledged personal property, and retail previously-owned merchandise acquired through loan forfeitures. First Cash also operates check cashing stores and provides software to third-party operators in the check cashing industry.

(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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