Greenlight Capital Likes These Financial Stocks the Most in Q3

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

  • Market Vectors Gold Miners ETF (AMEX:GDX): On 6/30/11 Greenlight Capital reported holding 3,546,971 shares with a market value of $193,629,147. This comprised 4.20% of the total portfolio. On 9/30/11, Greenlight Capital held 7,264,971 shares with a market value of $400,953,740. This comprised 8.67% of the total portfolio. The net change in shares for this position over the two quarters is 3,718,000. About the company: Market Vectors Gold Miners ETF is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the price and yield of the Amex Gold Miners Index.
  • The Travelers Companies, Inc. (NYSE:TRV): On 6/30/11 Greenlight Capital reported holding 4,198,211 shares with a market value of $245,091,563. This comprised 5.31% of the total portfolio. On 9/30/11, Greenlight Capital held 4,319,211 shares with a market value of $210,475,150. This comprised 4.55% of the total portfolio. The net change in shares for this position over the two quarters is 121,000. About the company: The Travelers Companies, Inc. provides commercial property casualty insurance and asset management services to businesses, government units, associations and individuals. The Company underwrites homeowners and auto insurance through independent agents.
  • Aspen Insurance Holdings, Ltd. (NYSE:AHL): On 6/30/11 Greenlight Capital reported holding 4,140,000 shares with a market value of $106,522,198. This comprised 2.31% of the total portfolio. On 9/30/11, Greenlight Capital held 4,825,000 shares with a market value of $111,168,004. This comprised 2.40% of the total portfolio. The net change in shares for this position over the two quarters is 685,000. About the company: Aspen Insurance Holdings Ltd. is a holding company that provides property/casualty insurance and reinsurance. The Company offers property and liability insurance in the United Kingdom and United States, and marine, energy, and aviation insurance and reinsurance worldwide.
  • Legg Mason, Inc. (NYSE:LM): On 6/30/11 Greenlight Capital reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Greenlight Capital held 2,600,000 shares with a market value of $66,845,998. This comprised 1.44% of the total portfolio. The net change in shares for this position over the two quarters is 2,600,000. About the company: Legg Mason, Inc. is a global asset management company. The Company, through its subsidiaries, provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.
  • Broadridge Financial Solutions, Inc. (NYSE:BR): On 6/30/11 Greenlight Capital reported holding 2,650,000 shares with a market value of $63,785,499. This comprised 1.38% of the total portfolio. On 9/30/11, Greenlight Capital held 2,749,300 shares with a market value of $55,370,900. This comprised 1.20% of the total portfolio. The net change in shares for this position over the two quarters is 99,300. About the company: Broadridge Financial Solutions Inc. provides technology-based outsourcing solutions to the financial services industry. The Company offers a broad range of solutions that help clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing.
  • Market Vectors Junior Gold Miners ETF (AMEX:GDXJ): On 6/30/11 Greenlight Capital reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Greenlight Capital held 1,900,000 shares with a market value of $53,484,999. This comprised 1.16% of the total portfolio. The net change in shares for this position over the two quarters is 1,900,000. About the company: Market Vectors Junior Gold Miners ETF is an exchange traded fund incorporated in the USA. The Fund’s objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market Vectors Junior Gold Miners Index. The Fund will normally invest at least 80% of its total assets in securities that comprise the Fund’s benchmark index.
  • State Bank Financial (STBZ): On 6/30/11 Greenlight Capital reported holding 2,100,000 shares with a market value of $34,377,002. This comprised 0.75% of the total portfolio. On 9/30/11, Greenlight Capital held 2,100,000 shares with a market value of $26,502,000. This comprised 0.57% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: State Bank Financial Corp. is a bank holding company. The Company’s banking subsidiary has locations in metro Atlanta and Bibb, Houston, Dooly, and Jones counties in Middle Georgia.
  • Fifth Street Finance Corp. (NYSE:FSC): On 6/30/11 Greenlight Capital reported holding 1,998,692 shares with a market value of $23,184,828. This comprised 0.50% of the total portfolio. On 9/30/11, Greenlight Capital held 1,998,692 shares with a market value of $18,627,809. This comprised 0.40% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: Fifth Street Finance Corporation lends to and invests in small- to medium-sized companies. The Company seeks to maximize the total return of its portfolio by generating current income from its debt investments and capital appreciation from its equity investments.
  • Employers Holdings, Inc. (NYSE:EIG): On 6/30/11 Greenlight Capital reported holding 975,539 shares with a market value of $16,359,789. This comprised 0.35% of the total portfolio. On 9/30/11, Greenlight Capital held 663,420 shares with a market value of $8,465,239. This comprised 0.18% of the total portfolio. The net change in shares for this position over the two quarters is -312,119. About the company: Employers Holdings, Inc. provides workers’ compensation insurance. The Company focuses on small businesses involved in low to medium hazard industries.

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

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