Maverick Capital’s $1.1 Billion Financial Stock Portfolio: WFC, PGR, JPM, C, USB

Wall St. Watchdog reveals information regarding Maverick Capital’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 7 stocks in the Financial sector at the end of the quarter with an aggregate market value of $1.101 billion.

  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Maverick Capital reported holding 0 shares. On 09/30/2011, Maverick Capital reported holding 11,785,818 shares with a market value of $284,273,940. This comprised 4.02% of the total portfolio. The net change in shares for this position over the two quarters is 11,785,818. 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.
  • Progressive Corp. (NYSE:PGR): On 06/30/2011, Maverick Capital reported holding 13,208,650 shares with a market value of $282,400,926. This comprised 2.76% of the total portfolio. On 09/30/2011, Maverick Capital reported holding 12,393,650 shares with a market value of $220,111,227. This comprised 3.11% of the total portfolio. The net change in shares for this position over the two quarters is -815,000. About Company: The Progressive Corporation is an insurance holding company. The Company, through its subsidiaries, provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services throughout the United States.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011, Maverick Capital reported holding 10,792,867 shares with a market value of $441,859,960. This comprised 4.32% of the total portfolio. On 09/30/2011, Maverick Capital reported holding 7,005,686 shares with a market value of $211,011,268. This comprised 2.98% of the total portfolio. The net change in shares for this position over the two quarters is -3,787,181. 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, Maverick Capital reported holding 10,730,265 shares with a market value of $446,808,228. This comprised 4.36% of the total portfolio. On 09/30/2011, Maverick Capital reported holding 6,968,532 shares with a market value of $178,533,796. This comprised 2.52% of the total portfolio. The net change in shares for this position over the two quarters is -3,761,733. 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.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, Maverick Capital reported holding 0 shares. On 09/30/2011, Maverick Capital reported holding 6,214,675 shares with a market value of $146,293,455. This comprised 2.07% of the total portfolio. The net change in shares for this position over the two quarters is 6,214,675. 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.
  • Etfs Physical Platinum Shares (NYSE:PPLT): On 06/30/2011, Maverick Capital reported holding 288,500 shares with a market value of $49,371,006. This comprised 0.48% of the total portfolio. On 09/30/2011, Maverick Capital reported holding 288,500 shares with a market value of $43,367,322. This comprised 0.61% of the total portfolio. The net change in shares for this position over the two quarters is 0. About 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.
  • Etfs Physical Palladium Shares (NYSE:PALL): On 06/30/2011, Maverick Capital reported holding 455,800 shares with a market value of $34,412,900. This comprised 0.34% of the total portfolio. On 09/30/2011, Maverick Capital reported holding 288,643 shares with a market value of $17,318,580. This comprised 0.24% of the total portfolio. The net change in shares for this position over the two quarters is -167,157. About 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.

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

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