Wells Fargo Stock: Geode Capital’s Top Financial Holding in Q3

Wall St. Watchdog reveals information regarding Geode Capital Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 707 stocks in the Financial sector at the end of the quarter with an aggregate market value of $9.517 billion.

  • Wells Fargo & Company (NYSE:WFC): On 06/30/2011, Geode Capital Management reported holding 33,190,765 shares with a market value of $931,332,848. This comprised 1.14% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 35,365,911 shares with a market value of $853,025,803. This comprised 1.15% of the total portfolio. The net change in shares for this position over the two quarters is 2,175,146. 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, Geode Capital Management reported holding 25,158,681 shares with a market value of $1,029,996,366. This comprised 1.26% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 26,341,002 shares with a market value of $793,391,002. This comprised 1.07% of the total portfolio. The net change in shares for this position over the two quarters is 1,182,321. 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.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, Geode Capital Management reported holding 18,445,470 shares with a market value of $768,069,360. This comprised 0.94% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 19,662,032 shares with a market value of $503,741,276. This comprised 0.68% of the total portfolio. The net change in shares for this position over the two quarters is 1,216,562. About Company: Citigroup Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world. The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, Geode Capital Management reported holding 64,105,509 shares with a market value of $702,596,381. This comprised 0.86% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 68,321,610 shares with a market value of $418,128,245. This comprised 0.56% of the total portfolio. The net change in shares for this position over the two quarters is 4,216,101. 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.
  • American Express Company (NYSE:AXP): On 06/30/2011, Geode Capital Management reported holding 6,646,020 shares with a market value of $343,599,239. This comprised 0.42% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 7,066,170 shares with a market value of $317,271,044. This comprised 0.43% of the total portfolio. The net change in shares for this position over the two quarters is 420,150. About Company: American Express Company is a global payment and travel company. The Company’s principal products and services are charge and credit payment card products and travel-related services offered to consumers and businesses around the world.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, Geode Capital Management reported holding 3,212,423 shares with a market value of $427,541,365. This comprised 0.52% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 3,352,921 shares with a market value of $317,018,691. This comprised 0.43% of the total portfolio. The net change in shares for this position over the two quarters is 140,498. 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.
  • U.s. Bancorp (NYSE:USB): On 06/30/2011, Geode Capital Management reported holding 12,184,887 shares with a market value of $310,836,470. This comprised 0.38% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 12,949,535 shares with a market value of $304,832,066. This comprised 0.41% of the total portfolio. The net change in shares for this position over the two quarters is 764,648. About Company: U.S. Bancorp is a diversified financial services company that provides lending and depository services, cash management, foreign exchange and trust and investment management services. The Company also provides credit card services, mortgage banking, insurance, brokerage, and leasing. U.S Bancorp operates in the Midwest and Western United States.
  • Simon Property Group Inc. (NYSE:SPG): On 06/30/2011, Geode Capital Management reported holding 1,654,951 shares with a market value of $192,354,960. This comprised 0.24% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 1,798,090 shares with a market value of $197,753,944. This comprised 0.27% of the total portfolio. The net change in shares for this position over the two quarters is 143,139. About Company: Simon Property Group, Inc. is a self-administered and self-managed, real estate investment trust. The Company owns, develops, and manages retail real estate properties including regional malls, outlet centers, community/lifestyle centers, and international properties.
  • Metlife Inc. (NYSE:MET): On 06/30/2011, Geode Capital Management reported holding 6,479,238 shares with a market value of $284,244,164. This comprised 0.35% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 6,912,732 shares with a market value of $193,625,625. This comprised 0.26% of the total portfolio. The net change in shares for this position over the two quarters is 433,494. About Company: MetLife, Inc. provides individual insurance, employee benefits and financial services with operations throughout the United States and the regions of Latin America, Europe, and Asia Pacific. The Company’s products include life insurance, annuities, automobile and homeowners insurance, retail banking and other financial services to individuals as well as group insurance.
  • The Bank Of New York Mellon Corporation (NYSE:BK): On 06/30/2011, Geode Capital Management reported holding 7,859,884 shares with a market value of $201,370,235. This comprised 0.25% of the total portfolio. On 09/30/2011, Geode Capital Management reported holding 8,322,618 shares with a market value of $154,717,470. This comprised 0.21% of the total portfolio. The net change in shares for this position over the two quarters is 462,734. About Company: Bank of New York Mellon Corporation (BNY Mellon) is a global financial services company. The Company provides financial services for institutions, corporations and high-net-worth individuals, providing asset management and wealth management, asset servicing, issuer services, clearing services and treasury services.

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

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