Hedge Fund’s $684 Invested in These Financial Stocks: AXP, WFC, LM, JPM

Wall St. Watchdog reveals information regarding Gabelli Funds’ top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 86 stocks in the Financial sector at the end of the quarter with an aggregate market value of $684.085 million.

  • American Express Company (NYSE:AXP): On 06/30/2011, Gabelli Funds reported holding 2,430,200 shares with a market value of $125,641,342. This comprised 0.85% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,425,200 shares with a market value of $108,891,484. This comprised 0.88% of the total portfolio. The net change in shares for this position over the two quarters is -5,000. 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.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Gabelli Funds reported holding 2,128,000 shares with a market value of $59,711,679. This comprised 0.4% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,123,000 shares with a market value of $51,206,762. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is -5,000. About Company: Wells Fargo & Company is a diversified financial services company providing banking, insurance, investments, mortgage, leasing, credit cards, and consumer finance. The Company operates through physical stores, the Internet and other distribution channels across North America and elsewhere internationally.
  • The Bank Of New York Mellon Corporation (NYSE:BK): On 06/30/2011, Gabelli Funds reported holding 2,368,500 shares with a market value of $60,680,972. This comprised 0.41% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 2,524,000 shares with a market value of $46,921,160. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 155,500. About Company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.
  • Legg Mason Inc. (NYSE:LM): On 06/30/2011, Gabelli Funds reported holding 1,279,000 shares with a market value of $41,900,038. This comprised 0.28% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,501,000 shares with a market value of $38,590,709. This comprised 0.31% of the total portfolio. The net change in shares for this position over the two quarters is 222,000. About 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.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Gabelli Funds reported holding 1,228,125 shares with a market value of $50,279,436. This comprised 0.34% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,219,287 shares with a market value of $36,724,925. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is -8,838. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Waddell & Reed Financial Inc. (NYSE:WDR): On 06/30/2011, Gabelli Funds reported holding 1,219,000 shares with a market value of $44,310,648. This comprised 0.3% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 1,219,000 shares with a market value of $30,487,190. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Waddell & Reed Financial, Inc., through its subsidiaries, serves as investment advisor and exclusive underwriter and distributor for a family of mutual funds. The Company’s funds include the Waddell & Reed Advisors Funds, W&R Funds, Inc., Ivy Funds, and the W&R Target Funds, Inc.
  • Pnc Financial Services Group Inc. (NYSE:PNC): On 06/30/2011, Gabelli Funds reported holding 496,000 shares with a market value of $29,566,560. This comprised 0.2% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 514,000 shares with a market value of $24,769,659. This comprised 0.2% of the total portfolio. The net change in shares for this position over the two quarters is 18,000. About Company: PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company’s primary regional markets.
  • M&t Bank Corp. (NYSE:MTB): On 06/30/2011, Gabelli Funds reported holding 284,004 shares with a market value of $24,978,151. This comprised 0.17% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 280,900 shares with a market value of $19,634,910. This comprised 0.16% of the total portfolio. The net change in shares for this position over the two quarters is -3,104. About Company: M&T Bank Corporation is a bank holding company. The Company, through its banking subsidiaries, offer a variety of commercial banking, trust, and investment services to their customers. M&T Bank operates branch offices in New York, Maryland, Pennsylvania, Delaware, New Jersey, Virginia, West Virginia and the District of Columbia.
  • State Street Corp. (NYSE:STT): On 06/30/2011, Gabelli Funds reported holding 627,200 shares with a market value of $28,280,448. This comprised 0.19% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 597,000 shares with a market value of $19,199,520. This comprised 0.15% of the total portfolio. The net change in shares for this position over the two quarters is -30,200. About Company: State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
  • T. Rowe Price Group Inc. (NASDAQ:TROW): On 06/30/2011, Gabelli Funds reported holding 397,000 shares with a market value of $23,954,980. This comprised 0.16% of the total portfolio. On 09/30/2011, Gabelli Funds reported holding 397,000 shares with a market value of $18,964,690. This comprised 0.15% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.

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

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