Largest Financial Stock Holdings of a Top Investment Fund

Following is information regarding Perkins Investment Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011:

  • First Niagara Financial Group, Inc. (NASDAQ:FNFG): On 6/30/11 Perkins Investment Management reported holding 19,244,320 shares with a market value of $254,025,020. This comprised 1.36% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 23,368,140 shares with a market value of $213,818,472. This comprised 1.47% of the total portfolio. The net change in shares for this position over the two quarters is 4,123,820. About the company: First Niagara Financial Group, Inc. is a bank holding company. The Banks provide an array of deposit products and loans, as well as insurance, leasing, investment advisory services, insurance agency services, and trust services.
  • Ameriprise Financial, Inc. (NYSE:AMP): On 6/30/11 Perkins Investment Management reported holding 2,845,904 shares with a market value of $164,151,744. This comprised 0.88% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 4,932,171 shares with a market value of $194,130,254. This comprised 1.33% of the total portfolio. The net change in shares for this position over the two quarters is 2,086,267. About the company: Ameriprise Financial, Inc. is a financial planning and services firm. The Company provides financial planning, products and services that are designed to be utilized as solutions for its clients’ cash and liquidity, asset accumulation, income, protection, and estate and wealth transfer needs.
  • PNC Financial Services Group, Inc. (NYSE:PNC): On 6/30/11 Perkins Investment Management reported holding 2,537,205 shares with a market value of $151,242,792. This comprised 0.81% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 3,712,831 shares with a market value of $178,921,321. This comprised 1.23% of the total portfolio. The net change in shares for this position over the two quarters is 1,175,626. About the 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.
  • State Street Corp. (NYSE:STT): On 6/30/11 Perkins Investment Management reported holding 4,931,418 shares with a market value of $222,357,638. This comprised 1.19% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 4,987,283 shares with a market value of $164,929,447. This comprised 1.13% of the total portfolio. The net change in shares for this position over the two quarters is 55,865. About the 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.
  • Everest RE Group Ltd (NYSE:RE): On 6/30/11 Perkins Investment Management reported holding 2,032,329 shares with a market value of $166,142,896. This comprised 0.89% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 2,074,815 shares with a market value of $164,698,809. This comprised 1.13% of the total portfolio. The net change in shares for this position over the two quarters is 42,486. About the company: Everest Re Group, Ltd. provides reinsurance to property and casualty insurers in the United States and international markets. The Company also provides property and casualty insurance to policyholders in the United States and Canada. In addition, Everest Re offers excess and surplus lines insurance in the United States.
  • The Allstate Corporation (NYSE:ALL): On 6/30/11 Perkins Investment Management reported holding 6,559,321 shares with a market value of $200,256,075. This comprised 1.07% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 6,301,024 shares with a market value of $149,271,262. This comprised 1.02% of the total portfolio. The net change in shares for this position over the two quarters is -258,297. About the company: The Allstate Corporation, through its subsidiaries, provides property-liability insurance, as well as other types of insurance in the United States and Canada. The Company primarily sells private passenger automobile and homeowners insurance through independent and specialized brokers. Allstate also sells life insurance, annuity, and group pension products through agents.
  • Washington Federal, Inc. (NASDAQ:WFSL): On 6/30/11 Perkins Investment Management reported holding 10,779,583 shares with a market value of $177,108,552. This comprised 0.95% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 10,942,117 shares with a market value of $139,402,568. This comprised 0.96% of the total portfolio. The net change in shares for this position over the two quarters is 162,534. About the company: Washington Federal, Inc. is a bank holding company.
  • TCF Financial Corporation (NYSE:TCB): On 6/30/11 Perkins Investment Management reported holding 8,756,244 shares with a market value of $120,836,169. This comprised 0.65% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 13,201,472 shares with a market value of $120,925,482. This comprised 0.83% of the total portfolio. The net change in shares for this position over the two quarters is 4,445,228. About the company: TCF Financial Corporation is a national financial holding company. The Company provides retail and commercial banking services. TCF Financial also offers commercial leasing & equipment and commercial inventory financing.
  • Suntrust Banks, Inc. (NYSE:STI): On 6/30/11 Perkins Investment Management reported holding 5,159,757 shares with a market value of $133,121,727. This comprised 0.71% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 6,132,239 shares with a market value of $110,073,695. This comprised 0.76% of the total portfolio. The net change in shares for this position over the two quarters is 972,482. About the company: SunTrust Banks, Inc. is a super-regional bank holding company. The Company’s subsidiary banks operate in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust provides a wide range of financial services such as credit cards, mortgage banking, insurance, brokerage and capital markets services.
  • Fifth Third Bancorp (NASDAQ:FITB): On 6/30/11 Perkins Investment Management reported holding 7,961,313 shares with a market value of $101,506,741. This comprised 0.54% of the total portfolio. On 9/30/11, Perkins Investmnet Management held 10,726,910 shares with a market value of $108,341,795. This comprised 0.74% of the total portfolio. The net change in shares for this position over the two quarters is 2,765,597. About the company: Fifth Third Bancorp is a diversified financial services company that operates banking centers in the Midwestern and Southeastern regions of the United States. The Company’s principal businesses include retail banking, commercial banking, investment advisory, and data processing.

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

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