Capital Growth Management Bearish on These Stocks in Third Quarter

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

  • Ross Stores Inc. (NASDAQ:ROST): On 06/30/2011, Capital Growth Management reported holding 2,040,000 shares. On 09/30/2011, Capital Growth Management reported holding 55,000 shares. The net reduction in shares for this position is 1,985,000 or 97.3%. About Company: Ross Stores, Inc. operates a national chain of off-price retail apparel stores. The stores offer brand-name apparel, apparel-related merchandise for the entire family, fragrances, gift items, and linens for the home.
  • Bed Bath & Beyond Inc. (NASDAQ:BBBY): On 06/30/2011, Capital Growth Management reported holding 3,015,000 shares. On 09/30/2011, Capital Growth Management reported holding 240,000 shares. The net reduction in shares for this position is 2,775,000 or 92.04%. About Company: Bed Bath & Beyond Inc. operates a nationwide chain of retail stores. The Company, through its retail stores, sells a wide assortment of merchandise principally including domestics merchandise and home furnishings as well as food, giftware, health and beauty care items and infant and toddler merchandise.
  • National Oilwell Varco Inc. (NYSE:NOV): On 06/30/2011, Capital Growth Management reported holding 2,980,000 shares. On 09/30/2011, Capital Growth Management reported holding 540,000 shares. The net reduction in shares for this position is 2,440,000 or 81.88%. About Company: National Oilwell Varco Inc. designs, manufactures, and sells machinery, equipment, and downhole products used in oil and gas drilling and production. The Company also provides oilfield inspection and other services, and supply chain integration services to the upstream oil and gas industry.
  • Discover Fin Svcs (NYSE:DFS): On 06/30/2011, Capital Growth Management reported holding 1,150,000 shares. On 09/30/2011, Capital Growth Management reported holding 327,800 shares. The net reduction in shares for this position is 822,200 or 71.5%. About 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(ATM)/debit network, which includes ATMs, as well as POS terminals nationwide.
  • Borgwarner Inc. (NYSE:BWA): On 06/30/2011, Capital Growth Management reported holding 1,580,000 shares. On 09/30/2011, Capital Growth Management reported holding 545,000 shares. The net reduction in shares for this position is 1,035,000 or 65.51%. About Company: BorgWarner, Inc. supplies engineered systems and components, primarily for automotive powertrain applications. The Company’s products are manufactured and sold worldwide, primarily to original equipment manufacturers of passenger cars, sport utility vehicles, and light trucks. BorgWarner operates manufacturing facilities in North America, Europe, and Asia.

(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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