York Capital Sold Shares of These Companies in Third Quarter

Wall St. Watchdog reveals information regarding significant reduction in shares for York Capital Management’s holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

  • Dana Holding Corporation (NYSE:DAN): On 06/30/2011, York Capital Management reported holding 4,158,475 shares. On 09/30/2011, York Capital Management reported holding 250,000 shares. The net reduction in shares for this position is 3,908,475 or 93.99%. About Company: Dana Holding Corporation engineers, manufactures, and distributes components and systems for worldwide automotive, heavy truck, off-highway, engine, and industrial markets. The Company also provides leasing services in selected markets.
  • W.r. Grace & Co. (NYSE:GRA): On 06/30/2011, York Capital Management reported holding 4,888,991 shares. On 09/30/2011, York Capital Management reported holding 991,298 shares. The net reduction in shares for this position is 3,897,693 or 79.72%. About Company: W.R. Grace & Co. supplies specialty chemical, construction, and container products. The Company’s customers include the food, consumer products, petroleum refinery, and construction industries. W.R. Grace’s businesses focus on catalysts and silica products, construction products, and container products.
  • Lyondellbasell Industries Nv (NYSE:LYB): On 06/30/2011, York Capital Management reported holding 1,884,232 shares. On 09/30/2011, York Capital Management reported holding 390,781 shares. The net reduction in shares for this position is 1,493,451 or 79.26%. About Company: LyondellBasell Industries NV is a manufacturing company. The Company produces chemicals, fuels, and polymers used for packaging, clean fuels, durable textiles, medical applications, construction materials, and automotive parts. LyondellBasell Industries operates globally and is headquartered in the Netherlands.
  • Tyco International Ltd. (NYSE:TYC): On 06/30/2011, York Capital Management reported holding 5,467,205 shares. On 09/30/2011, York Capital Management reported holding 1,439,945 shares. The net reduction in shares for this position is 4,027,260 or 73.66%. About Company: Tyco International Ltd. provides security products and services, fire protection and detection products and services, valves and controls, and other industrial products.
  • Cummins Inc. (NYSE:CMI): On 06/30/2011, York Capital Management reported holding 688,441 shares. On 09/30/2011, York Capital Management reported holding 193,434 shares. The net reduction in shares for this position is 495,007 or 71.9%. About Company: Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines. The Company also manufactures electric power generation systems and engine-related component products, including filtration and exhaust aftertreatment, fuel systems, controls, and air handling systems.

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

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