Major Pension Fund’s $2.67 Billion Invested in Financial Sector Companies: JPM, WFC, C, BAC, AXP, USB, BK

Wall St. Watchdog reveals information regarding California State Teachers Retirement System’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 596 stocks in the Financial sector at the end of the quarter with an aggregate market value of $2.676 billion.

  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, California State Teachers Retirement System reported holding 6,689,658 shares with a market value of $273,874,589. This comprised 1.15% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 6,735,383 shares with a market value of $202,869,742. This comprised 1% of the total portfolio. The net change in shares for this position over the two quarters is 45,725. 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, California State Teachers Retirement System reported holding 8,294,966 shares with a market value of $232,756,742. This comprised 0.98% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 8,355,466 shares with a market value of $201,533,847. This comprised 1% of the total portfolio. The net change in shares for this position over the two quarters is 60,500. 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.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, California State Teachers Retirement System reported holding 4,830,971 shares with a market value of $201,161,629. This comprised 0.84% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 4,925,671 shares with a market value of $126,195,695. This comprised 0.62% of the total portfolio. The net change in shares for this position over the two quarters is 94,700. 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, California State Teachers Retirement System reported holding 17,050,065 shares with a market value of $186,868,713. This comprised 0.78% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 17,175,315 shares with a market value of $105,112,926. This comprised 0.52% of the total portfolio. The net change in shares for this position over the two quarters is 125,250. 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.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, California State Teachers Retirement System reported holding 871,137 shares with a market value of $115,939,620. This comprised 0.49% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 877,587 shares with a market value of $82,975,854. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is 6,450. 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.
  • American Express Company (NYSE:AXP): On 06/30/2011, California State Teachers Retirement System reported holding 1,801,900 shares with a market value of $93,158,231. This comprised 0.39% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 1,814,200 shares with a market value of $81,457,583. This comprised 0.4% of the total portfolio. The net change in shares for this position over the two quarters is 12,300. 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.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, California State Teachers Retirement System reported holding 3,242,664 shares with a market value of $82,720,359. This comprised 0.35% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 3,265,664 shares with a market value of $76,873,734. This comprised 0.38% of the total portfolio. The net change in shares for this position over the two quarters is 23,000. 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.
  • Simon Property Group Inc. (NYSE:SPG): On 06/30/2011, California State Teachers Retirement System reported holding 506,272 shares with a market value of $58,843,996. This comprised 0.25% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 509,872 shares with a market value of $56,075,724. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is 3,600. About Company: Simon Property Group, Inc. is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
  • Pnc Financial Services Group Inc. (NYSE:PNC): On 06/30/2011, California State Teachers Retirement System reported holding 885,905 shares with a market value of $52,808,798. This comprised 0.22% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 892,055 shares with a market value of $42,988,129. This comprised 0.21% of the total portfolio. The net change in shares for this position over the two quarters is 6,150. 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.
  • The Bank Of New York Mellon Corporation (NYSE:BK): On 06/30/2011, California State Teachers Retirement System reported holding 2,087,939 shares with a market value of $53,492,999. This comprised 0.22% of the total portfolio. On 09/30/2011, California State Teachers Retirement System reported holding 2,104,739 shares with a market value of $39,127,098. This comprised 0.19% of the total portfolio. The net change in shares for this position over the two quarters is 16,800. About Company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.

(Note: Data regarding California State Teachers Retirement System’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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