Hot Hedge Fund Activity for Financial Stocks: WFC, JPM, C, SLM, NDAQ, CIT, KKR, BX

Wall St. Watchdog reveals information regarding Lansdowne Partners’ top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 17 stocks in the Financial sector at the end of the quarter with an aggregate market value of $1.839 billion.

  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Lansdowne Partners reported holding 28,376,950 shares with a market value of $796,257,202. This comprised 11.91% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 28,869,663 shares with a market value of $696,336,296. This comprised 12.18% of the total portfolio. The net change in shares for this position over the two quarters is 492,713. 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.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Lansdowne Partners reported holding 7,140,298 shares with a market value of $292,323,790. This comprised 4.37% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 22,749,759 shares with a market value of $685,222,760. This comprised 11.98% of the total portfolio. The net change in shares for this position over the two quarters is 15,609,461. 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.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, Lansdowne Partners reported holding 6,108,445 shares with a market value of $254,355,646. This comprised 3.8% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 4,832,788 shares with a market value of $123,816,033. This comprised 2.17% of the total portfolio. The net change in shares for this position over the two quarters is -1,275,657. About 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.
  • Slm Corporation (NYSE:SLM): On 06/30/2011, Lansdowne Partners reported holding 5,002,629 shares with a market value of $84,094,191. This comprised 1.26% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 4,513,435 shares with a market value of $56,192,265. This comprised 0.98% of the total portfolio. The net change in shares for this position over the two quarters is -489,194. About Company: SLM Corporation, commonly known as Sallie Mae, provides education funding, originating and servicing of U.S. 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.
  • Market Vectors Gold Miners Etf (AMEX:GDX): On 06/30/2011, Lansdowne Partners reported holding 0 shares. On 09/30/2011, Lansdowne Partners reported holding 968,493 shares with a market value of $53,451,127. This comprised 0.93% of the total portfolio. The net change in shares for this position over the two quarters is 968,493. About 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.
  • Nasdaq Omx Group Inc. (NASDAQ:NDAQ): On 06/30/2011, Lansdowne Partners reported holding 3,762,513 shares with a market value of $95,191,576. This comprised 1.42% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 2,179,350 shares with a market value of $50,430,158. This comprised 0.88% of the total portfolio. The net change in shares for this position over the two quarters is -1,583,163. About Company: The NASDAQ OMX Group, Inc. is a global exchange group that delivers trading, exchange technology, securities listing, and public company services across multiple continents. The Exchange’s offerings include trading across multiple asset classes, market data products, financial indexes, capital formation solutions, financial services and market technology products and services.
  • Cit Group Inc. (NYSE:CIT): On 06/30/2011, Lansdowne Partners reported holding 1,711,663 shares with a market value of $75,758,202. This comprised 1.13% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 945,416 shares with a market value of $28,712,285. This comprised 0.5% of the total portfolio. The net change in shares for this position over the two quarters is -766,247. About Company: CIT Group Inc. operates as a holding company. The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. CIT Group operates globally.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, Lansdowne Partners reported holding 0 shares. On 09/30/2011, Lansdowne Partners reported holding 1,206,400 shares with a market value of $28,398,657. This comprised 0.5% of the total portfolio. The net change in shares for this position over the two quarters is 1,206,400. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Kohlberg Kravis Roberts & Co. (NYSE:KKR): On 06/30/2011, Lansdowne Partners reported holding 0 shares. On 09/30/2011, Lansdowne Partners reported holding 2,116,423 shares with a market value of $22,010,798. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 2,116,423. About Company: KKR & Co. L.P. is a global alternative asset manager. The Company operates private equity funds that take either controlling or strategic minority ownership positions for long-term appreciation; invests in leveraged loans, high-yield bonds and less liquid credit products; and, on behalf of portfolio companies, arranges equity and debt financing and offers capital market advice.
  • The Blackstone Group (NYSE:BX): On 06/30/2011, Lansdowne Partners reported holding 1,388,290 shares with a market value of $22,990,082. This comprised 0.34% of the total portfolio. On 09/30/2011, Lansdowne Partners reported holding 1,726,866 shares with a market value of $20,687,854. This comprised 0.36% of the total portfolio. The net change in shares for this position over the two quarters is 338,576. About Company: The Blackstone Group LP is a global alternative asset manager and provider of financial advisory services. The firm’s asset management businesses include the management of corporate private equity funds, real estate funds, mezzanine funds, proprietary hedge funds and closed-end mutual funds. Blackstone also provides M&A and reorganization advisory, as well as private placement services.

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

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