Metropolitan Capital’s Top Basic Material Equity Holdings

Wall St. Watchdog reveals information regarding Metropolitan Capital Advisors’ top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $4.313 million.

  • Qep Resources Inc. (NYSE:QEP): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 96,200 shares with a market value of $2,604,134. This comprised 2.42% of the total portfolio. The net change in shares for this position over the two quarters is 96,200. About Company: QEP Resources Inc. is an independent natural gas and oil exploration and production company. The Company’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States. QEP also gathers, compresses, treats, and processes natural gas.
  • Thompson Creek Metals Company Inc. (NYSE:TC): On 06/30/2011 reported holding 325,300 shares with a market value of $3,246,494. This comprised 2.36% of the total portfolio. On 09/30/2011 reported holding 281,500 shares with a market value of $1,708,705. This comprised 1.59% of the total portfolio. The net change in shares for this position over the two quarters is -43,800. About Company: Thompson Creek Metals Company, Inc. mines and processes molybdenum. The Company operates mines, mills, and metallurgical roasting facilities in Canada and the United States.
  • Freeport-Mcmoran Copper & Gold Inc. (NYSE:FCX): On 06/30/2011 reported holding 42,600 shares with a market value of $2,254. This comprised 0% of the total portfolio. On 09/30/2011 reported holding 19,300 shares with a market value of $588. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is -23,300. About Company: Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates. Competitors to Watch: Southern Copper Corp. (NYSE:SCCO), Rio Tinto plc (NYSE:RIO), Newmont Mining Corporation (NYSE:NEM), Taseko Mines Limited (AMEX:TGB), HudBay Minerals Inc. (NYSE:HBM), Alcoa Inc. (NYSE:AA), Western Copper Corporation (WRN), Royal Gold, Inc. (NASDAQ:RGLD), Augusta Resource Corp. (AMEX:AZC), and Vista Gold Corp. (AMEX:VGZ).

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

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