SPO Advisory: Heaviest Q3 Stock Holdings

Wall St. Watchdog reveals information regarding SPO Advisory Corp.’s top holdings for the quarter ending September 30th, 2011. The firm held 14 stocks at the end of the quarter with an aggregate market value of $6.693 billion.

  • Calpine Corp. (NYSE:CPN): On 06/30/2011, SPO Advisory Corp. reported holding 88,808,840 shares with a market value of $1,432,486,515. This comprised 17.43% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 89,082,908 shares with a market value of $1,254,287,338. This comprised 18.74% of the total portfolio. The net change in shares for this position over the two quarters is 274,068. About Company: Calpine Corporation acquires, develops, owns, and operates power generation facilities, as well as sells electricity in the United States. The Company also provides thermal energy for industrial customers.
  • Crown Castle International Corp. (NYSE:CCI): On 06/30/2011, SPO Advisory Corp. reported holding 26,639,820 shares with a market value of $1,086,638,282. This comprised 13.22% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 26,639,820 shares with a market value of $1,083,441,431. This comprised 16.19% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Crown Castle International Corp. engineers, deploys, owns, and operates shared wireless infrastructure. The Company offers wireless communications coverage to various United States markets and most of the Australian populations. Crown Castle owns, operates, and manages various wireless communication towers internationally.
  • Liberty Global Inc. (NASDAQ:LBTYK): On 06/30/2011, SPO Advisory Corp. reported holding 24,874,437 shares with a market value of $1,062,138,479. This comprised 12.93% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 24,874,437 shares with a market value of $860,904,280. This comprised 12.86% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Liberty Global, Inc. owns interests in broadband, distribution, and content companies operating outside the continental United States, principally in Europe, Asia, and Latin America.
  • Pioneer Natural Resources Co. (NYSE:PXD): On 06/30/2011, SPO Advisory Corp. reported holding 10,508,614 shares with a market value of $941,256,553. This comprised 11.46% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 10,508,614 shares with a market value of $691,151,508. This comprised 10.33% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Pioneer Natural Resources Company is an independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations primarily in the United States.
  • Visa Inc. (NYSE:V): On 06/30/2011, SPO Advisory Corp. reported holding 7,015,554 shares with a market value of $591,130,595. This comprised 7.19% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 7,373,554 shares with a market value of $632,061,058. This comprised 9.44% of the total portfolio. The net change in shares for this position over the two quarters is 358,000. About 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.
  • Charles Schwab Corp. (NYSE:SCHW): On 06/30/2011, SPO Advisory Corp. reported holding 36,317,187 shares with a market value of $597,417,754. This comprised 7.27% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 38,741,687 shares with a market value of $436,618,830. This comprised 6.52% of the total portfolio. The net change in shares for this position over the two quarters is 2,424,500. About Company: The Charles Schwab Corporation provides a variety of financial services to individual investors, independent investment managers, retirement plans, and institutions. The Company provides its clients with securities brokerage, banking, and related financial services through offices in the United States, Puerto Rico, and the United Kingdom.
  • Advent Software Inc. (NASDAQ:ADVS): On 06/30/2011, SPO Advisory Corp. reported holding 15,712,200 shares with a market value of $442,612,675. This comprised 5.39% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 15,712,200 shares with a market value of $327,599,376. This comprised 4.89% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Advent Software, Inc. provides software products and related services that automate and integrate critical operations of investment management organizations. The Company provides a variety of products for the front, middle, and back offices of investment management organizations.
  • Lamar Advertising Co. (NASDAQ:LAMR): On 06/30/2011, SPO Advisory Corp. reported holding 18,638,714 shares with a market value of $510,141,618. This comprised 6.21% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 18,638,714 shares with a market value of $317,417,312. This comprised 4.74% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Lamar Advertising Company owns and operates outdoor advertising structures in the United States. The Company provides poster and bulletin displays, as well as logo signs. Lamar also operates tourism signage franchises in the United States and Canada.
  • Martin Marietta Mtrl (NYSE:MLM): On 06/30/2011, SPO Advisory Corp. reported holding 5,381,235 shares with a market value of $430,337,370. This comprised 5.24% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 4,090,235 shares with a market value of $258,584,662. This comprised 3.86% of the total portfolio. The net change in shares for this position over the two quarters is -1,291,000. About Company: Martin Marietta Materials, Inc. produces aggregates for the construction industry, including highways, infrastructure, commercial, and residential. The Company also manufactures and markets magnesia-based products, including heat-resistant refractory products for the steel industry, chemical products for industrial and environmental uses, and dolomitic lime.
  • Liberty Global Inc. (NASDAQ:LBTYA): On 06/30/2011, SPO Advisory Corp. reported holding 7,416,619 shares with a market value of $334,044,527. This comprised 4.07% of the total portfolio. On 09/30/2011, SPO Advisory Corp. reported holding 7,062,619 shares with a market value of $255,525,558. This comprised 3.82% of the total portfolio. The net change in shares for this position over the two quarters is -354,000. About Company: Liberty Global, Inc. owns interests in broadband, distribution, and content companies operating outside the continental United States, principally in Europe, Asia, and Latin America.

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

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