Top Financial Stock Positions of the 12th Largest Global Hedge Fund

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

  • State Street Corp. (NYSE:STT): On 6/30/11 Farallon Capital reported holding 3,080,000 shares with a market value of $138,877,200. This comprised 4.58% of the total portfolio. On 9/30/11, Farallon Capital held 4,707,500 shares with a market value of $155,677,024. This comprised 4.11% of the total portfolio. The net change in shares for this position over the two quarters is 1,627,500. About the company: State Street Corporation services institutional investors and manages financial assets worldwide. The Company’s products and services include custody, accounting, administration, daily pricing, international exchange services, cash management, financial asset management, securities lending, and investment advisory services.
  • Visa, Inc. (NYSE:V): On 6/30/11 Farallon Capital reported holding 376,500 shares with a market value of $31,723,891. This comprised 1.05% of the total portfolio. On 9/30/11, Farallon Capital held 1,657,837 shares with a market value of $142,109,790. This comprised 3.76% of the total portfolio. The net change in shares for this position over the two quarters is 1,281,337. 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.
  • Wells Fargo & Company (NYSE:WFC): On 6/30/11 Farallon Capital reported holding 3,365,000 shares with a market value of $94,421,898. This comprised 3.11% of the total portfolio. On 9/30/11, Farallon Capital held 2,995,000 shares with a market value of $72,239,403. This comprised 1.91% of the total portfolio. The net change in shares for this position over the two quarters is -370,000. About the 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.
  • Charles Schwab Corp. (NYSE:SCHW): On 6/30/11 Farallon Capital reported holding 6,415,000 shares with a market value of $105,526,755. This comprised 3.48% of the total portfolio. On 9/30/11, Farallon Capital held 4,045,000 shares with a market value of $45,587,152. This comprised 1.20% of the total portfolio. The net change in shares for this position over the two quarters is -2,370,000. About the 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.
  • LPL Investment Holdings, Inc. (NASDAQ:LPLA): On 6/30/11 Farallon Capital reported holding 1,089,587 shares with a market value of $37,274,770. This comprised 1.23% of the total portfolio. On 9/30/11, Farallon Capital held 1,089,587 shares with a market value of $27,697,302. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: LPL Investment Holdings, Inc. offers technology, brokerage and investment advisory services through business relationships with all types of financial advisors. Through proprietary technology, custody and clearing platforms, the Company offers access to financial products and services that enable them to provide financial advice and brokerage services to retail investors.
  • NYSE Euronext, Inc. (NYSE:NYX): On 6/30/11 Farallon Capital reported holding 242,500 shares with a market value of $8,310,475. This comprised 0.27% of the total portfolio. On 9/30/11, Farallon Capital held 242,500 shares with a market value of $5,635,700. This comprised 0.15% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: NYSE Euronext operates an international stock exchange. The Company operates a marketplace for equities and derivatives in Belgium, France, the Netherlands and Portugal, derivatives in the United Kingdom, and equities and other securities in the United States.
  • Sanofi Contingent Value Rights (GCVRZ): On 6/30/11 Farallon Capital reported holding 5,570,000 shares with a market value of $0. This comprised 0.00% of the total portfolio. On 9/30/11, Farallon Capital held 4,550,000 shares with a market value of $4,823,000. This comprised 0.13% of the total portfolio. The net change in shares for this position over the two quarters is -1,020,000.
  • CNInsurre, Inc. (NASDAQ:CISG): On 6/30/11 Farallon Capital reported holding 80,000 shares with a market value of $1,178,400. This comprised 0.04% of the total portfolio. On 9/30/11, Farallon Capital held 80,000 shares with a market value of $560,000. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 0,000. About the company: CNinsure, Inc. operates an independent insurance agency and brokerage company. The Company provides insurance-related services, such as claim assessments and 24-hour emergency services, but do not assume underwritting risks. CNinsure, instead, distributes to their customers in China, insurance products underwritten by domestic and foriegn insurance companies operating in China.
  • CapitalSource, Inc. (NYSE:CSE): On 6/30/11 Farallon Capital reported holding 51,000,000 shares with a market value of $52,543. This comprised 0.00% of the total portfolio. On 9/30/11, Farallon Capital held 41,000,000 shares with a market value of $41,871. This comprised 0.00% of the total portfolio. The net change in shares for this position over the two quarters is -10,000,000. 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.

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

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