Highfields Capital Holds These Stock Position Sizes in the Financial Sector

Wall St. Watchdog reveals information about Highfields Capital Management’s top holdings in the Financial sector.

  • SLM Corporation (NYSE:SLM): On 3/31/11 Highfields Capital Management reported holding 48,003,501 shares with a market value of $734,453,574. This comprised 9.86% of the total portfolio. On 6/30/11, Highfields Capital Management held 43,133,717 shares with a market value of $725,077,760. This comprised 8.57% of the total portfolio. The net change in shares for this position over the two quarters is -4,869,784. About the company: SLM Corporation, commonly known as Sallie Mae, provides education funding, originating and servicing of US government guaranteed and private student loans.  The Company, through its subsidiaries, also provides debt management services and business and technical products to a range of clients including colleges, universities and loan guarantors.
  • JPMorgan Chase & Co. (NYSE:JPM): On 3/31/11 Highfields Capital Management reported holding 9,918,373 shares with a market value of $457,236,980. This comprised 6.14% of the total portfolio. On 6/30/11, Highfields Capital Management held 11,385,473 shares with a market value of $466,121,249. This comprised 5.51% of the total portfolio. The net change in shares for this position over the two quarters is 1,467,100. About the company: JP Morgan 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, 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.
  • Morgan Stanley (NYSE:MS): On 3/31/11 Highfields Capital Management reported holding 1,000,000 shares with a market value of $27,320,000. This comprised 0.37% of the total portfolio. On 6/30/11, Highfields Capital Management held 13,050,000 shares with a market value of $300,280,503. This comprised 3.55% of the total portfolio. The net change in shares for this position over the two quarters is 12,050,000. About the company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis.  The Company operates a global securities business which serves individual and institutional investors and investment banking clients.  Morgan Stanley also operates a global asset management business.
  • BlackRock, Inc. (NYSE:BLK): On 3/31/11 Highfields Capital Management reported holding 1,451,571 shares with a market value of $291,780,279. This comprised 3.92% of the total portfolio. On 6/30/11, Highfields Capital Management held 1,451,571 shares with a market value of $278,425,830. This comprised 3.29% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles.  The Company offers the BlackRock Funds and BlackRock Liquidity Funds, and also provides risk management services to fixed income institutional investors.
  • Fidelity National Information Services, Inc. (NYSE:FIS): On 3/31/11 Highfields Capital Management reported holding 8,682,582 shares with a market value of $283,833,594. This comprised 3.81% of the total portfolio. On 6/30/11, Highfields Capital Management held 7,309,667 shares with a market value of $225,064,654. This comprised 2.66% of the total portfolio. The net change in shares for this position over the two quarters is -1,372,915. About the company: Fidelity National Information Services, Inc. is a payment services provider.  The Company provides credit and debit card processing, electronic banking services, check risk management, check cashing, and merchant card processing services to financial institutions and merchants.
  • UnitedHealth Group, Inc. (NYSE:UNH): On 3/31/11 Highfields Capital Management reported holding 6,199,946 shares with a market value of $280,237,564. This comprised 3.76% of the total portfolio. On 6/30/11, Highfields Capital Management held 4,199,946 shares with a market value of $216,633,222. This comprised 2.56% of the total portfolio. The net change in shares for this position over the two quarters is -2,000,000. About the company: UnitedHealth Group Inc. owns and manages organized health systems in the United States and internationally.  The Company provides employers products and resources to plan and administer employee benefit benefit programs.  UnitedHealth also serves the health needs of older Americans, provides specialized care services, and provides health care information and research to proviers and payers.
  • Wellpoint, Inc. (NYSE:WLP): On 3/31/11 Highfields Capital Management reported holding 2,652,670 shares with a market value of $185,129,842. This comprised 2.48% of the total portfolio. On 6/30/11, Highfields Capital Management held 1,756,670 shares with a market value of $138,372,890. This comprised 1.63% of the total portfolio. The net change in shares for this position over the two quarters is -896,000. About the company: WellPoint, Inc. is a health benefits company.  The Company provides health benefits, dental and vision benefits, pharmacy benefits, life insurance, and life and disability insurance benefits.  WellPoint operations include Blue Cross and Blue Shield plans.
  • Genworth Financial, Inc. (NYSE:GNW): On 3/31/11 Highfields Capital Management reported holding 10,000,000 shares with a market value of $134,600,000. This comprised 1.81% of the total portfolio. On 6/30/11, Highfields Capital Management held 13,000,000 shares with a market value of $133,639,997. This comprised 1.58% of the total portfolio. The net change in shares for this position over the two quarters is 3,000,000. About the company: Genworth Financial, Inc. offers insurance, wealth management, investment and financial solutions.  The Company offers products that include life insurance products, long-term care insurance, and mortgage guarantee insurance coverage on residential mortgage loans.  Genworth is active in the United States, Canada, Australia, New Zealand, Mexico and multiple European countries.
  • Citigroup, Inc. (NYSE:C): On 3/31/11 Highfields Capital Management reported holding 25,560,000 shares with a market value of $112,975,202. This comprised 1.52% of the total portfolio. On 6/30/11, Highfields Capital Management held 2,857,995 shares with a market value of $119,006,910. This comprised 1.41% of the total portfolio. The net change in shares for this position over the two quarters is -22,702,005. About the company: Citigroup, Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world.  The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • PowerShares QQQ (NASDAQ:QQQ): On 3/31/11 Highfields Capital Management reported holding 1,710,000 shares with a market value of $98,205,301. This comprised 1.32% of the total portfolio. On 6/30/11, Highfields Capital Management held 1,710,000 shares with a market value of $97,555,499. This comprised 1.15% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: PowerShares QQQ is an exchange-traded fund incorporated in the USA.  The Fund represents undivided ownership interests in the PowerShares QQQ.  The Fund’s objective is to provide investment results that generally correspond to the price and yield performance of the component securities of the Nasdaq 100 Index.

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

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