J.P. Morgan and Wells Fargo Among Parametric’s Largest Financial Sector Stocks in Q3

Wall St. Watchdog reveals information regarding Parametric Portfolio Associates’ top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 708 stocks in the Financial sector at the end of the quarter with an aggregate market value of $2.946 billion.

  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Parametric Portfolio Associates reported holding 5,328,647 shares with a market value of $218,154,801. This comprised 0.96% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 5,690,826 shares with a market value of $171,407,684. This comprised 0.82% of the total portfolio. The net change in shares for this position over the two quarters is 362,179. 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.
  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Parametric Portfolio Associates reported holding 6,454,361 shares with a market value of $181,109,366. This comprised 0.8% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 6,832,131 shares with a market value of $164,791,005. This comprised 0.79% of the total portfolio. The net change in shares for this position over the two quarters is 377,770. 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.
  • American Express Company (NYSE:AXP): On 06/30/2011, Parametric Portfolio Associates reported holding 1,871,203 shares with a market value of $96,741,197. This comprised 0.43% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 1,963,275 shares with a market value of $88,151,050. This comprised 0.42% of the total portfolio. The net change in shares for this position over the two quarters is 92,072. 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.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, Parametric Portfolio Associates reported holding 3,188,189 shares with a market value of $132,756,188. This comprised 0.59% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 2,827,964 shares with a market value of $72,452,440. This comprised 0.35% of the total portfolio. The net change in shares for this position over the two quarters is -360,225. 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.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, Parametric Portfolio Associates reported holding 11,323,513 shares with a market value of $124,105,703. This comprised 0.55% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 10,019,067 shares with a market value of $61,316,689. This comprised 0.29% of the total portfolio. The net change in shares for this position over the two quarters is -1,304,446. About Company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, Parametric Portfolio Associates reported holding 2,235,535 shares with a market value of $57,028,498. This comprised 0.25% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 2,515,917 shares with a market value of $59,224,688. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is 280,382. 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.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, Parametric Portfolio Associates reported holding 676,143 shares with a market value of $89,987,869. This comprised 0.4% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 599,599 shares with a market value of $56,692,087. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is -76,544. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
  • The Travelers Companies Inc. (NYSE:TRV): On 06/30/2011, Parametric Portfolio Associates reported holding 914,228 shares with a market value of $53,372,632. This comprised 0.24% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 1,045,939 shares with a market value of $50,968,607. This comprised 0.25% of the total portfolio. The net change in shares for this position over the two quarters is 131,711. About 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.
  • Pnc Financial Services Group Inc. (NYSE:PNC): On 06/30/2011, Parametric Portfolio Associates reported holding 851,644 shares with a market value of $50,766,499. This comprised 0.22% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 1,050,206 shares with a market value of $50,609,426. This comprised 0.24% of the total portfolio. The net change in shares for this position over the two quarters is 198,562. 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.
  • Capital One Financial Corp. (NYSE:COF): On 06/30/2011, Parametric Portfolio Associates reported holding 793,855 shares with a market value of $41,018,486. This comprised 0.18% of the total portfolio. On 09/30/2011, Parametric Portfolio Associates reported holding 1,022,337 shares with a market value of $40,515,216. This comprised 0.19% of the total portfolio. The net change in shares for this position over the two quarters is 228,482. About Company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.

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

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