Lone Pine Capital Reduces Citigroup and U.S. Bancorp Q3 Share Holdings

Following is information regarding Lone Pine Capital’s top holdings in the Financial sector for the third quarter of 2011.

  • Ameriprise Financial Inc. (NYSE:AMP): On 6/30/11 Lone Pine Capital reported holding 2,016,271 shares with a market value of $116,298,512. This comprised 0.89% of the total portfolio. On 9/30/11, Lone Pine Capital held 2,351,418 shares with a market value of $92,551,814. This comprised 0.77% of the total portfolio. The net change in shares for this position over the two quarters is 335,147. 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.
  • U.S. Bancorp (NYSE:USB): On 6/30/11 Lone Pine Capital reported holding 7,123,165 shares with a market value of $181,711,941. This comprised 1.40% of the total portfolio. On 9/30/11, Lone Pine Capital held 3,841,481 shares with a market value of $90,428,466. This comprised 0.75% of the total portfolio. The net change in shares for this position over the two quarters is -3,281,684. About the 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.
  • Citigroup, Inc. (NYSE:C): On 6/30/11 Lone Pine Capital reported holding 6,573,057 shares with a market value of $273,702,089. This comprised 2.10% of the total portfolio. On 9/30/11, Lone Pine Capital held 2,740,726 shares with a market value of $70,217,402. This comprised 0.58% of the total portfolio. The net change in shares for this position over the two quarters is -3,832,331. 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.
  • ETFS Physical Palladium Shares (NYSE:PALL): On 6/30/11 Lone Pine Capital reported holding 1,116,309 shares with a market value of $84,281,330. This comprised 0.65% of the total portfolio. On 9/30/11, Lone Pine Capital held 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. The net change in shares for this position over the two quarters is -1,116,309. About the company: ETFS Palladium Trust is an exchange-traded fund incorporated in the USA. The Fund’s objective is to reflect the performance of the price of palladium bullion, less the expenses of the Trust’s operations. The Shares are designed for investors who want a cost-effective and convenient way to invest in palladium. The security only holds LPPM Good Delivery bars.
  • ETFS Physical Platinum Shares (NYSE:PPLT): On 6/30/11 Lone Pine Capital reported holding 353,652 shares with a market value of $60,520,468. This comprised 0.46% of the total portfolio. On 9/30/11, Lone Pine Capital held 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. The net change in shares for this position over the two quarters is -353,652. About the company: ETFS Platinum Trust is an exchange-traded fund incorporated in the USA. The Fund’s objective is to reflect the performance of the price of platinum bullion, less the expenses of the Trust’s operations. The Shares are designed for investors who want a cost-effective and convenient way to invest in platinum. The security only holds LPPM Good Delivery bars.
  • Eagle Capital Growth Fund, Inc. (GRFS): On 6/30/11 Lone Pine Capital reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Lone Pine Capital held 7,067,971 shares with a market value of $45,164,334. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 7,067,971. About the company: Eagle Capital Growth Fund Inc is a diversified, closed-end management investment company incorporated in the USA. The Fund’s objective is long-term growth. The Fund invests primarily in the securities of companies believed to have P/E and debt/equity ratios that are equal to or lower than the average for companies in the same industry.

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

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>

More from The Cheat Sheet