Top Stock Holdings in This $160 Million Financial Sector Fund Portfolio

Wall St. Watchdog reveals information regarding Bridger Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 7 stocks in the Financial sector at the end of the quarter with an aggregate market value of $160.335 million.

  • Morgan Stanley (NYSE:MS): On 06/30/2011, Bridger Management reported holding 3,282,800 shares with a market value of $75,537,229. This comprised 5.14% of the total portfolio. On 09/30/2011, Bridger Management reported holding 5,832,800 shares with a market value of $78,801,129. This comprised 5.87% of the total portfolio. The net change in shares for this position over the two quarters is 2,550,000. About Company: Morgan Stanley, a bank holding company, provides diversified financial services on a worldwide basis. The Company operates a global securities business which serves individual and institutional investors and investment banking clients. Morgan Stanley also operates a global asset management business.
  • Assured Guaranty Ltd. (NYSE:AGO): On 06/30/2011, Bridger Management reported holding 844,278 shares with a market value of $13,770,174. This comprised 0.94% of the total portfolio. On 09/30/2011, Bridger Management reported holding 4,058,461 shares with a market value of $44,602,485. This comprised 3.32% of the total portfolio. The net change in shares for this position over the two quarters is 3,214,183. About Company: Assured Guaranty Ltd. provides financial guaranty insurance and reinsurance, as well as mortgage guaranty coverage. The Company’s products include guaranties for municipal finance, structured finance, and corporate bonds.
  • Pennymac Mortgage Investment Trust (NYSE:PMT): On 06/30/2011, Bridger Management reported holding 1,056,862 shares with a market value of $17,512,203. This comprised 1.19% of the total portfolio. On 09/30/2011, Bridger Management reported holding 1,056,862 shares with a market value of $16,804,105. This comprised 1.25% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Pennymac Mortgage Investment Trust is a specialty finance company that invests primarily in residential mortgage loans and mortgage-related assets. The Company’s objective is to provide risk-adjusted returns to its investors over the long-term, primarily through dividends and secondarily through capital appreciation.
  • Istar Financial Inc. (NYSE:SFI): On 06/30/2011, Bridger Management reported holding 1,792,712 shares with a market value of $14,538,894. This comprised 0.99% of the total portfolio. On 09/30/2011, Bridger Management reported holding 1,792,712 shares with a market value of $10,433,584. This comprised 0.78% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: iStar Financial Inc. is a real estate investment trust. The Company provides financing to private and corporate owners of real estate nationwide, including senior and junior mortgage debt, senior and mezzanine corporate capital, and corporate net lease financing.
  • Popular Inc. (NASDAQ:BPOP): On 06/30/2011, Bridger Management reported holding 17,881,481 shares with a market value of $49,352,887. This comprised 3.36% of the total portfolio. On 09/30/2011, Bridger Management reported holding 5,570,248 shares with a market value of $8,355,372. This comprised 0.62% of the total portfolio. The net change in shares for this position over the two quarters is -12,311,233. About Company: Popular, Inc. is a bank holding company that provides commercial banking services through branches in Puerto Rico, the British Virgin Islands, the Dominican Republic, and the United States mainland. The Company also provides mortgage and consumer finance, lease financing, investment banking and broker/dealer activities, retail financial services, and automated tellers.
  • Spdr S&p 500 (NYSE:SPY): On 06/30/2011, Bridger Management reported holding 1,000,000 shares with a market value of $131,970. This comprised 0.01% of the total portfolio. On 09/30/2011, Bridger Management reported holding 11,000,000 shares with a market value of $1,244,650. This comprised 0.09% of the total portfolio. The net change in shares for this position over the two quarters is 10,000,000. About Company: SPDR S&P 500 ETF Trust is a unit investment trust incorporated in the United States. The Trust consists of a portfolio representing all 500 stocks in the S&P 500 Index.
  • Currencyshares Euro Trust (NYSE:FXE): On 06/30/2011, Bridger Management reported holding 0 shares. On 09/30/2011, Bridger Management reported holding 700,000 shares with a market value of $93,429. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 700,000. About Company: Euro Currency Trust is a grantor trust formed under the laws of the State of New York. The objective of the Trust is to reflect the price of the Euro. The Sponsor believes that, for many investors, the Shares represent a cost-effective investment in euro.

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

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