Fortress Investment Group Goes Long Transocean and Ensco in Third Quarter

Wall St. Watchdog reveals information regarding Fortress Investment Group’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 8 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $22.123 million.

  • Ensco Plc (NYSE:ESV): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 131,400 shares with a market value of $5,312,502. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 131,400. About Company: Ensco PLC is an international offshore contract drilling company. The Company’s operations are concentrated in the geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America.
  • Transocean Ltd. (NYSE:RIG): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 99,300 shares with a market value of $4,740,582. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is 99,300. About Company: Transocean Ltd. is an offshore drilling contractor. The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide. Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services.
  • Anglogold Ashanti Ltd. (NYSE:AU): On 06/30/2011 reported holding 104,334 shares with a market value of $4,391,418. This comprised 0.25% of the total portfolio. On 09/30/2011 reported holding 104,334 shares with a market value of $4,315,254. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: AngloGold Ashanti Limited is a holding company for a group of companies which explore for and mine gold internationally. The Group has operations in the Vaal River and West Witwatersrand areas of South Africa as well as Namibia, Mali, Brazil, Argentina, Australia, Tanzania and the United States.
  • Gold Fields Ltd. (NYSE:GFI): On 06/30/2011 reported holding 202,000 shares with a market value of $2,947,180. This comprised 0.17% of the total portfolio. On 09/30/2011 reported holding 202,000 shares with a market value of $3,094,640. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Gold Fields Limited produces precious metals. The Company has mines in South Africa, Ghana, and Australia, as well as a partnership in Finland. Gold Fields has a precious metals programs in Africa, Australasia, Europe, North America, and South America.
  • Cameco Corp. (NYSE:CCJ): On 06/30/2011 reported holding 146,000 shares with a market value of $3,847,100. This comprised 0.22% of the total portfolio. On 09/30/2011 reported holding 146,000 shares with a market value of $2,674,720. This comprised 0.23% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Cameco Corporation explores for, develops, mines, refines, converts, and fabricates uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company also operates the Bruce B nuclear reactors in Ontario, as well as through a subsidiary, explores for, develops, mines, and sells gold.
  • Diamond Offshore Drilling Inc. (NYSE:DO): On 06/30/2011 reported holding 30,975 shares with a market value of $2,180,950. This comprised 0.13% of the total portfolio. On 09/30/2011 reported holding 30,975 shares with a market value of $1,695,572. This comprised 0.15% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Diamond Offshore Drilling, Inc. drills offshore oil and gas wells on a contract basis. The Company is a world-wide deep water driller that serves markets that include the deep water, harsh environment, conventional semisubmersible and jack-up markets.
  • Willbros Group Inc. (NYSE:WG): On 06/30/2011 reported holding 45,350 shares with a market value of $387,289. This comprised 0.02% of the total portfolio. On 09/30/2011 reported holding 45,350 shares with a market value of $189,110. This comprised 0.02% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Willbros Group, Inc. is an independent contractor providing construction, engineering and specialty services to the oil and gas industry, for private industry and government entities worldwide. The Company’s services include building and replacement of major pipelines, flow stations, pump stations, gas compressor stations, oil and gas facilities, piers, docks and bridges.
  • Chemtura Corp (NYSE:CHMT): On 06/30/2011 reported holding 722 shares with a market value of $13,140. This comprised 0% of the total portfolio. On 09/30/2011 reported holding 9,988 shares with a market value of $100,180. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 9,266. About 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.

(Note: Data regarding Fortress Investment Group’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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