Highfields Capital Sells Shares of These 5 Companies in Q3

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

  • Willbros Group Inc. (NYSE:WG): On 06/30/2011, Highfields Capital Management reported holding 972,900 shares. On 09/30/2011, Highfields Capital Management reported holding 78,058 shares. The net reduction in shares for this position is 894,842 or 91.98%. 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.
  • First American Financial Corporation (NYSE:FAF): On 06/30/2011, Highfields Capital Management reported holding 596,809 shares. On 09/30/2011, Highfields Capital Management reported holding 139,470 shares. The net reduction in shares for this position is 457,339 or 76.63%. About Company: First American Financial Corporation offers title insurance, specialty insurance, and financial services.
  • Louisiana-pacific Corp. (NYSE:LPX): On 06/30/2011, Highfields Capital Management reported holding 4,585,000 shares. On 09/30/2011, Highfields Capital Management reported holding 1,322,000 shares. The net reduction in shares for this position is 3,263,000 or 71.17%. About Company: Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile, and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, and laminated veneer lumber.
  • Encana Corp. (NYSE:ECA): On 06/30/2011, Highfields Capital Management reported holding 7,832,701 shares. On 09/30/2011, Highfields Capital Management reported holding 2,464,559 shares. The net reduction in shares for this position is 5,368,142 or 68.54%. About Company: Encana Corporation explores for, develops, produces, and markets natural gas, crude oil, and natural gas liquids. The Company operates in North and South America.
  • Cigna Corporation (NYSE:CI): On 06/30/2011, Highfields Capital Management reported holding 807,000 shares. On 09/30/2011, Highfields Capital Management reported holding 296,500 shares. The net reduction in shares for this position is 510,500 or 63.26%. About Company: CIGNA Corporation, through its subsidiaries, provides group life and health insurance, managed care products and services, retirement products and services, and individual financial services worldwide. The Company also sells individual life and health insurance and annuity products in selected international locations.

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

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