Wellington Management Boosts Goldman Sachs Stake, Lowers Bank of America Shares

Wall St. Watchdog reveals information regarding Wellington Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 449 stocks in the Financial sector at the end of the quarter with an aggregate market value of $31.424 billion.

  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011 reported holding 155,386,942 shares with a market value of $4,360,157,510. This comprised 1.57% of the total portfolio. On 09/30/2011 reported holding 147,121,008 shares with a market value of $3,548,558,836. This comprised 1.55% of the total portfolio. The net change in shares for this position over the two quarters is -8,265,934. About 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.
  • Jpmorgan Chase & Co. (NYSE:JPM): On 06/30/2011 reported holding 87,656,353 shares with a market value of $3,588,650,971. This comprised 1.29% of the total portfolio. On 09/30/2011 reported holding 91,767,040 shares with a market value of $2,764,023,322. This comprised 1.2% of the total portfolio. The net change in shares for this position over the two quarters is 4,110,687. About Company: JPMorgan Chase & Co. provides global financial services and retail banking. The Company provides services such as investment banking, treasury and securities services, asset management, private banking, card member services, commercial banking, and home finance. JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Pnc Financial Services Group Inc. (NYSE:PNC): On 06/30/2011 reported holding 22,201,437 shares with a market value of $1,323,427,673. This comprised 0.48% of the total portfolio. On 09/30/2011 reported holding 28,284,796 shares with a market value of $1,363,044,280. This comprised 0.59% of the total portfolio. The net change in shares for this position over the two quarters is 6,083,359. About Company: PNC Financial Services Group, Inc. is a diversified financial services organization. The Company provides regional banking, wholesale banking, and asset management services nationally and in the Company’s primary regional markets.
  • Blackrock Inc. (NYSE:BLK): On 06/30/2011 reported holding 7,238,891 shares with a market value of $1,388,491,665. This comprised 0.5% of the total portfolio. On 09/30/2011 reported holding 8,813,626 shares with a market value of $1,304,504,736. This comprised 0.57% of the total portfolio. The net change in shares for this position over the two quarters is 1,574,735. About Company: BlackRock, Inc. provides diversified investment management services to institutional clients and to retail investors through various investment vehicles. The Company offers the BlackRock Funds and Blackrock Liquidity Funds, and also provides risk management services to fixed income institutional investors.
  • Ace Limited (NYSE:ACE): On 06/30/2011 reported holding 21,664,259 shares with a market value of $1,425,941,521. This comprised 0.51% of the total portfolio. On 09/30/2011 reported holding 20,113,870 shares with a market value of $1,218,900,491. This comprised 0.53% of the total portfolio. The net change in shares for this position over the two quarters is -1,550,389. About Company: ACE Limited is the holding company for the ACE Group of Companies, a property and casualty insurance business. The Group provides a diversified range of products and services to clients through operations in countries around the world. ACE provides specialty insurance and reinsurance products.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011 reported holding 9,258,075 shares with a market value of $1,232,157,168. This comprised 0.44% of the total portfolio. On 09/30/2011 reported holding 12,461,933 shares with a market value of $1,178,275,803. This comprised 0.51% of the total portfolio. The net change in shares for this position over the two quarters is 3,203,858. About Company: The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
  • Marsh & Mclennan Companies Inc. (NYSE:MMC): On 06/30/2011 reported holding 43,904,102 shares with a market value of $1,369,368,965. This comprised 0.49% of the total portfolio. On 09/30/2011 reported holding 38,155,080 shares with a market value of $1,013,017,345. This comprised 0.44% of the total portfolio. The net change in shares for this position over the two quarters is -5,749,022. About Company: Marsh & McLennan Companies, Inc. is a global professional services firm providing advice and solutions in the areas of risk, strategy and human capital. Marsh & McLennan offers analysis, advice, and transactional capabilities to clients worldwide
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011 reported holding 161,691,214 shares with a market value of $1,772,135,712. This comprised 0.64% of the total portfolio. On 09/30/2011 reported holding 136,968,555 shares with a market value of $838,247,541. This comprised 0.37% of the total portfolio. The net change in shares for this position over the two quarters is -24,722,659. About Company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services. The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • The Chubb Corporation (NYSE:CB): On 06/30/2011 reported holding 12,661,377 shares with a market value of $792,728,822. This comprised 0.28% of the total portfolio. On 09/30/2011 reported holding 13,050,597 shares with a market value of $782,905,336. This comprised 0.34% of the total portfolio. The net change in shares for this position over the two quarters is 389,220. About Company: The Chubb Corporation, a holding company, offers property and casualty insurance, which includes personal, standard commercial and specialty commercial insurance. The Company provides insurance coverage principally in the United States, Canada, Europe, Australia, and parts of Latin America and Asia.
  • Ubs Ag (NYSE:UBS): On 06/30/2011 reported holding 74,215,548 shares with a market value of $1,355,175,923. This comprised 0.49% of the total portfolio. On 09/30/2011 reported holding 66,030,735 shares with a market value of $754,731,321. This comprised 0.33% of the total portfolio. The net change in shares for this position over the two quarters is -8,184,813. About Company: UBS AG is a wealth management, investment banking, and asset management firm. The Company provides a variety of financial services to individuals, institutions, corporations, governments, and financial intermediaries around the world.

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

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