SAC Capital’s Favorite Third Quarter Financial Stocks

Following is information regarding SAC Capital’s top holdings in the Financial sector for the quarter ending September 30th, 2011:

  • General Electric Co. (NYSE:GE): On 6/30/11 SAC Capital reported holding 680,319 shares with a market value of $12,830,817. This comprised 0.09% of the total portfolio. On 9/30/11, SAC Capital held 4,981,538 shares with a market value of $75,819,010. This comprised 0.74% of the total portfolio. The net change in shares for this position over the two quarters is 4,301,219. About the company: General Electric Company is a diversified technology, media and financial services company. The Company offers products and services ranging from aircraft engines, power generation, and water processing technology to medical imaging, business and consumer financing, media content and industrial products. General Electric conducts operations globally.
  • Validus Holdings Ltd. (NYSE:VR): On 6/30/11 SAC Capital reported holding 1,140,146 shares with a market value of $35,287,520. This comprised 0.25% of the total portfolio. On 9/30/11, SAC Capital held 1,726,025 shares with a market value of $43,012,543. This comprised 0.42% of the total portfolio. The net change in shares for this position over the two quarters is 585,879. About the company: Validus Holdings, Ltd. is a Bermuda-based reinsurer. The Company concentrates on property risks and other reinsurance lines.
  • Capital One Financial Corp. (NYSE:COF): On 6/30/11 SAC Capital reported holding 43,752 shares with a market value of $2,260,666. This comprised 0.02% of the total portfolio. On 9/30/11, SAC Capital held 1,007,772 shares with a market value of $39,938,005. This comprised 0.39% of the total portfolio. The net change in shares for this position over the two quarters is 964,020. About the company: Capital One Financial Corporation is a diversified bank. The Bank, through its subsidiaries, offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients both domestically and internationally. Capital One has bank locations in Connecticut, Louisiana, New Jersey, New York, and Texas.
  • CapitalSource, Inc. (NYSE:CSE): On 6/30/11 SAC Capital reported holding 6,497,074 shares with a market value of $41,906,126. This comprised 0.30% of the total portfolio. On 9/30/11, SAC Capital held 6,482,245 shares with a market value of $39,800,983. This comprised 0.39% of the total portfolio. The net change in shares for this position over the two quarters is -14,829. About the company: CapitalSource Inc. provides loans to small and medium-sized businesses. The Company seeks to lend to businesses that require customized and sophisticated debt financing. CapitalSource offers a variety of loan products, including senior asset-based loans, senior cash flow loans, mortgage loans and mezzanine loans.
  • Knight Capital Group, Inc. (NYSE:KCG): On 6/30/11 SAC Capital reported holding 1,910,552 shares with a market value of $21,054,284. This comprised 0.15% of the total portfolio. On 9/30/11, SAC Capital held 3,033,174 shares with a market value of $36,883,395. This comprised 0.36% of the total portfolio. The net change in shares for this position over the two quarters is 1,122,622. About the company: Knight Capital Group, Inc. provides trade execution services across multiple asset classes. The Company provides electronic and voice access to the capital markets across multiple asset classes for buy-side, sell-side and corporate clients.
  • Visa, Inc. (NYSE:V): On 6/30/11 SAC Capital reported holding 66,613 shares with a market value of $5,612,812. This comprised 0.04% of the total portfolio. On 9/30/11, SAC Capital held 406,779 shares with a market value of $34,869,096. This comprised 0.34% of the total portfolio. The net change in shares for this position over the two quarters is 340,166. About the company: Visa Inc. operates a retail electronic payments network and manages global financial services. The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.
  • Citigroup, Inc. (NYSE:C): On 6/30/11 SAC Capital reported holding 821,481 shares with a market value of $34,206,468. This comprised 0.25% of the total portfolio. On 9/30/11, SAC Capital held 1,313,984 shares with a market value of $33,664,271. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is 492,503. 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.
  • SPDR Gold Shares (NYSEARCA:GLD): On 6/30/11 SAC Capital reported holding 0,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, SAC Capital held 184,601 shares with a market value of $29,178,034. This comprised 0.29% of the total portfolio. The net change in shares for this position over the two quarters is 184,601. About the company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
  • Genworth Financial, Inc. (NYSE:GNW): On 6/30/11 SAC Capital reported holding 4,460,528 shares with a market value of $45,854,227. This comprised 0.33% of the total portfolio. On 9/30/11, SAC Capital held 4,963,735 shares with a market value of $28,491,838. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is 503,207. About the company: Genworth Financial Inc. offers insurance, wealth management, investment and financial solutions The Company offers products that include life insurance products, long-term care insurance, and mortgage guarantee insurance coverage on residential mortgage loans. Genworth is active in the United States, Canada, Australia, New Zealand, Mexico and multiple European countries.

(Note: Data regarding SAC 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