GLG Partners Bearish on These 5 Stocks in Latest Quarter

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

  • American Express Company (NYSE:AXP): On 06/30/2011, GLG Partners reported holding 25,472 shares. On 09/30/2011, GLG Partners reported holding 300 shares. The net reduction in shares for this position is 25,172 or 98.82%. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, GLG Partners reported holding 13,994 shares. On 09/30/2011, GLG Partners reported holding 250 shares. The net reduction in shares for this position is 13,744 or 98.21%. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
  • Cheniere Energy Inc. (AMEX:LNG): On 06/30/2011, GLG Partners reported holding 500,000 shares. On 09/30/2011, GLG Partners reported holding 40,600 shares. The net reduction in shares for this position is 459,400 or 91.88%. About Company: Cheniere Energy, Inc., through subsidiaries, develops liquefied natural gas terminals, and explores for oil and natural gas. The Company explores for oil and gas in the Gulf of Mexico.
  • Kinross Gold Corporation (NYSE:KGC): On 06/30/2011, GLG Partners reported holding 8,500,000 shares. On 09/30/2011, GLG Partners reported holding 985,000 shares. The net reduction in shares for this position is 7,515,000 or 88.41%. About Company: Kinross Gold Corporation is involved in the exploration, development, and production of gold in countries located around the world. The Company currently has operations in the United States, Brazil, Chile, Ecuador and Russia.
  • General Motors Company Common Stock (NYSE:GM): On 06/30/2011, GLG Partners reported holding 236,937 shares. On 09/30/2011, GLG Partners reported holding 44,878 shares. The net reduction in shares for this position is 192,059 or 81.06%. About Company: General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.

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

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