Passport Capital Invests $701 Million in These Basic Materials Shares

Wall St. Watchdog reveals information regarding Passport Capital’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 38 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $701.284 million.

  • Walter Energy Inc. (NYSE:WLT): On 06/30/2011, Passport Capital reported holding 0 shares. On 09/30/2011, Passport Capital reported holding 2,799,550 shares with a market value of $168,000,991. This comprised 11.82% of the total portfolio. The net change in shares for this position over the two quarters is 2,799,550. About Company: Walter Energy, Inc. mines coal. The Company produces metallurgical and steam and industrial coal,; manufactures blast furnace, foundry, industrial and buckwheat coke; and produces light oil, coal tar, and ammonium sulfate. Walter Energy also degasifies coalbeds and sells the gas to a utility.
  • Marathon Petroleum Corporation Common Stock (NYSE:MPC): On 06/30/2011, Passport Capital reported holding 0 shares. On 09/30/2011, Passport Capital reported holding 3,977,200 shares with a market value of $107,623,030. This comprised 7.57% of the total portfolio. The net change in shares for this position over the two quarters is 3,977,200. About Company: Marathon Petroleum Corporation, together with its subsidiaries, engages in refining, transporting, and marketing petroleum products primarily in the United States and internationally.
  • Cytec Industries Inc. (NYSE:CYT): On 06/30/2011, Passport Capital reported holding 1,995,760 shares with a market value of $114,137,512. This comprised 7.23% of the total portfolio. On 09/30/2011, Passport Capital reported holding 2,992,000 shares with a market value of $105,138,878. This comprised 7.4% of the total portfolio. The net change in shares for this position over the two quarters is 996,240. About Company: Cytec Industries Inc. develops, manufactures, and markets specialty chemicals, specialty materials, and building block chemicals. The Company serves various end users including aerospace, plastics, coatings, mining, paper, water treatment, and automotive industries.
  • Mosaic Co. (NYSE:MOS): On 06/30/2011, Passport Capital reported holding 0 shares. On 09/30/2011, Passport Capital reported holding 935,000 shares with a market value of $50,677,001. This comprised 3.57% of the total portfolio. The net change in shares for this position over the two quarters is 935,000. About Company: The Mosaic Company produces and distributes crop nutrients to the agricultural communities located in North America and other countries. The Company’s principal products include concentrated phosphates, and potash.
  • Nevsun Resources Ltd. (AMEX:NSU): On 06/30/2011, Passport Capital reported holding 6,184,420 shares with a market value of $37,601,273. This comprised 2.38% of the total portfolio. On 09/30/2011, Passport Capital reported holding 5,644,300 shares with a market value of $28,390,830. This comprised 2% of the total portfolio. The net change in shares for this position over the two quarters is -540,120. About Company: Nevsun Resources Ltd. is a mineral exploration and development company. The Company mines for gold in Ghana and Mali, Africa.
  • Southern Copper Corp. (NYSE:SCCO): On 06/30/2011, Passport Capital reported holding 392,638 shares with a market value of $12,906,011. This comprised 0.82% of the total portfolio. On 09/30/2011, Passport Capital reported holding 1,099,700 shares with a market value of $27,481,503. This comprised 1.93% of the total portfolio. The net change in shares for this position over the two quarters is 707,062. About Company: Southern Copper Corporation conducts mining operations in Peru and Mexico. The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.
  • Praxair Inc. (NYSE:PX): On 06/30/2011, Passport Capital reported holding 262,600 shares with a market value of $28,463,214. This comprised 1.8% of the total portfolio. On 09/30/2011, Passport Capital reported holding 262,600 shares with a market value of $24,547,849. This comprised 1.73% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Praxair, Inc. supplies gas to industries primarily located in North and South America. The Company produces, sells, and distributes atmospheric gases including oxygen, nitrogen, argon, and rare gases, as well as process gases including carbon dioxide, helium, hydrogen, electronics gases, and acetylene. Praxair also supplies metallic and ceramic coatings and powders.
  • Keegan Resources Inc. (AMEX:KGN): On 06/30/2011, Passport Capital reported holding 2,831,900 shares with a market value of $21,890,587. This comprised 1.39% of the total portfolio. On 09/30/2011, Passport Capital reported holding 3,703,100 shares with a market value of $18,663,624. This comprised 1.31% of the total portfolio. The net change in shares for this position over the two quarters is 871,200. About Company: Keegan Resources, Inc. explores for and produces minerals. The Company explores for precious and base metals in the United States and Canada.
  • Superior Energy Services Inc. (NYSE:SPN): On 06/30/2011, Passport Capital reported holding 664,300 shares with a market value of $24,672,102. This comprised 1.56% of the total portfolio. On 09/30/2011, Passport Capital reported holding 679,700 shares with a market value of $17,835,328. This comprised 1.26% of the total portfolio. The net change in shares for this position over the two quarters is 15,400. About Company: Superior Energy Services, Inc. provides specialized oilfield services and equipment. The Company conducts operations offshore in the Gulf of Mexico and throughout the Gulf Coast region. Superior leases oilfield equipment, provides oil and gas well plug and abandonment services, and provides other equipment and services.
  • Huntsman Corporation (NYSE:HUN): On 06/30/2011, Passport Capital reported holding 1,841,300 shares with a market value of $34,708,506. This comprised 2.2% of the total portfolio. On 09/30/2011, Passport Capital reported holding 1,841,300 shares with a market value of $17,805,371. This comprised 1.25% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Huntsman Corporation manufactures differentiated and commodity chemical products. The Company markets a broad range of chemical products and formulations to a diversified group of consumer and industrial customers. Huntsman’s products are used in a range of applications, including those in adhesives, aerospace, automotive, construction products, and consumer products.

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

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