US Bancorp Increases Share Position of Freeport-McMoRan in Quarterly Release

Wall St. Watchdog reveals information regarding US Bancorp’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 384 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $2.21 billion.

  • Freeport-mcmoran Copper & Gold Inc. (NYSE:FCX): On 06/30/2011, US Bancorp reported holding 1,460,917 shares with a market value of $77,282,512. This comprised 0.38% of the total portfolio. On 09/30/2011, US Bancorp reported holding 1,493,380 shares with a market value of $45,473,422. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 32,463. About Company: Freeport-McMoRan Copper & Gold Inc., through its subsidiary, is a copper, gold and molybdenum mining company. The Company primarily mines for copper and owns mining interests in Chile and Indonesia. Freeport-McMoRan Copper & Gold also, through a subsidiary, is involved in smelting and refining of copper concentrates.
  • Exxon Mobil Corp. (NYSE:XOM): On 06/30/2011, US Bancorp reported holding 10,974,160 shares with a market value of $893,077,111. This comprised 4.44% of the total portfolio. On 09/30/2011, US Bancorp reported holding 10,628,649 shares with a market value of $771,958,748. This comprised 4.54% of the total portfolio. The net change in shares for this position over the two quarters is -345,511. About Company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals.
  • Chevron Corp. (NYSE:CVX): On 06/30/2011, US Bancorp reported holding 3,342,471 shares with a market value of $343,739,705. This comprised 1.71% of the total portfolio. On 09/30/2011, US Bancorp reported holding 3,291,356 shares with a market value of $304,746,640. This comprised 1.79% of the total portfolio. The net change in shares for this position over the two quarters is -51,115. About Company: Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services.
  • Schlumberger Limited (NYSE:SLB): On 06/30/2011, US Bancorp reported holding 2,405,031 shares with a market value of $207,794,682. This comprised 1.03% of the total portfolio. On 09/30/2011, US Bancorp reported holding 2,375,730 shares with a market value of $141,902,352. This comprised 0.83% of the total portfolio. The net change in shares for this position over the two quarters is -29,301. About Company: Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.
  • Conocophillips (NYSE:COP): On 06/30/2011, US Bancorp reported holding 2,003,149 shares with a market value of $150,616,778. This comprised 0.75% of the total portfolio. On 09/30/2011, US Bancorp reported holding 1,887,108 shares with a market value of $119,491,678. This comprised 0.7% of the total portfolio. The net change in shares for this position over the two quarters is -116,041. About Company: ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics.
  • Apache Corp. (NYSE:APA): On 06/30/2011, US Bancorp reported holding 1,180,314 shares with a market value of $145,638,944. This comprised 0.72% of the total portfolio. On 09/30/2011, US Bancorp reported holding 1,149,463 shares with a market value of $92,232,909. This comprised 0.54% of the total portfolio. The net change in shares for this position over the two quarters is -30,851. About Company: Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The Company has operations in North America, onshore Egypt, offshore Western Australia, offshore the United Kingdom in the North Sea (North Sea), and onshore Argentina, as well as on the Chilean side of the island of Tierra del Fuego.
  • Praxair Inc. (NYSE:PX): On 06/30/2011, US Bancorp reported holding 616,390 shares with a market value of $66,810,512. This comprised 0.33% of the total portfolio. On 09/30/2011, US Bancorp reported holding 602,711 shares with a market value of $56,341,426. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is -13,679. 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.
  • Bp Plc (NYSE:BP): On 06/30/2011, US Bancorp reported holding 1,475,928 shares with a market value of $65,368,852. This comprised 0.33% of the total portfolio. On 09/30/2011, US Bancorp reported holding 1,414,180 shares with a market value of $51,009,472. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is -61,748. About Company: BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene.
  • Ei Dupont De Nemours & Co. (NYSE:DD): On 06/30/2011, US Bancorp reported holding 1,223,432 shares with a market value of $66,126,499. This comprised 0.33% of the total portfolio. On 09/30/2011, US Bancorp reported holding 1,205,971 shares with a market value of $48,202,662. This comprised 0.28% of the total portfolio. The net change in shares for this position over the two quarters is -17,461. About Company: E. I. du Pont de Nemours and Company is a global chemical and life sciences company, with businesses that include agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. The Company operates globally and offers a wide range of products and services for markets including agriculture and food, building and construction, electronics and communications.
  • Occidental Petroleum Corporation (NYSE:OXY): On 06/30/2011, US Bancorp reported holding 642,963 shares with a market value of $66,893,871. This comprised 0.33% of the total portfolio. On 09/30/2011, US Bancorp reported holding 614,412 shares with a market value of $43,930,458. This comprised 0.26% of the total portfolio. The net change in shares for this position over the two quarters is -28,551. About Company: Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas. The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

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

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