Credit Suisse AG Bearish on These 5 Companies in Q3

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

  • Hercules Offshore Inc. (NASDAQ:HERO): On 06/30/2011, Credit Suisse AG reported holding 6,750,000 shares. On 09/30/2011, Credit Suisse AG reported holding 10,000 shares. The net reduction in shares for this position is 6,740,000 or 99.85%. About Company: Hercules Offshore, Inc. offers offshore contract drilling, liftboat and inland barge services. The Company operates in the United States Gulf of Mexico, the Middle East, India, Latin America, West Africa, and Malaysia. Hercules serves oil and natural gas exploration and production companies.
  • Ishares Msci Hong Kong Index (NYSE:EWH): On 06/30/2011, Credit Suisse AG reported holding 8,775,400 shares. On 09/30/2011, Credit Suisse AG reported holding 15,300 shares. The net reduction in shares for this position is 8,760,100 or 99.83%. About Company: iShares MSCI Hong Kong Index Fund is an exchange-traded fund incorporated in the USA. The Fund’s objective seeks to provide investment results that correspond to the performance of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong Index. The Fund invests in a representative sample of index stocks using a “portfolio sampling” technique.
  • Level 3 Communications Inc. (NASDAQ:LVLT): On 06/30/2011, Credit Suisse AG reported holding 12,641,000 shares. On 09/30/2011, Credit Suisse AG reported holding 30,000 shares. The net reduction in shares for this position is 12,611,000 or 99.76%. About Company: Level 3 Communications, Inc. provides telecommunications and information services, including local, long distance, and data transmission. The Company also provides other enhanced communications and Internet services, and is involved in coal mining businesses.
  • Kkr Financial Corp. (NYSE:KFN): On 06/30/2011, Credit Suisse AG reported holding 3,915,000 shares. On 09/30/2011, Credit Suisse AG reported holding 45,000 shares. The net reduction in shares for this position is 3,870,000 or 98.85%. About Company: KKR Financial Holdings LLC is a specialty finance company with expertise in a range of asset classes. Its core business strategy is to leverage the proprietary resources of its manager with the objective of generating both current income & capital appreciation. KFN executes its core business strategy through subsidiaries and is externally managed by KKR Financial Advisors LLC.
  • Sun Healthcare Group Inc. (NASDAQ:SUNH): On 06/30/2011, Credit Suisse AG reported holding 642,187 shares. On 09/30/2011, Credit Suisse AG reported holding 14,273 shares. The net reduction in shares for this position is 627,914 or 97.78%. About Company: Sabra Health Care REIT, Inc. is a real estate investment trust. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers.

(Note: Data regarding Credit Suisse AG’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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