York Capital’s Favorite Financial Companies: C, UCBI, DFS, MFTX, GS, BAC

Wall St. Watchdog reveals information regarding York Capital Management’s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 14 stocks in the Financial sector at the end of the quarter with an aggregate market value of $52.852 million.

  • Citigroup Inc. (NYSE:C): On 06/30/2011, York Capital Management reported holding 0 shares. On 09/30/2011, York Capital Management reported holding 800,000 shares with a market value of $20,496,001. This comprised 1.09% of the total portfolio. The net change in shares for this position over the two quarters is 800,000. 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.
  • United Community Banks Inc. (NASDAQ:UCBI): On 06/30/2011, York Capital Management reported holding 0 shares. On 09/30/2011, York Capital Management reported holding 2,034,163 shares with a market value of $17,270,043. This comprised 0.92% of the total portfolio. The net change in shares for this position over the two quarters is 2,034,163. About Company: United Community Banks, Inc. is a multi-bank holding company with locations throughout north Georgia and western North Carolina. The Banks are community oriented and offer retail and corporate banking services including checking, savings, and time deposit accounts, secured and unsecured loans, wire transfers, trust services, and rental of safe deposit boxes.
  • Discover Fin Svcs (NYSE:DFS): On 06/30/2011, York Capital Management reported holding 1,500,000 shares with a market value of $40,125,000. This comprised 0.87% of the total portfolio. On 09/30/2011, York Capital Management reported holding 500,000 shares with a market value of $11,470,000. This comprised 0.61% of the total portfolio. The net change in shares for this position over the two quarters is -1,000,000. About Company: Discover Financial Services is a credit card issuer and electronic payment services company. The Company issues credit cards and offers student and personal loans, as well as savings products such as certificates of deposit and money market accounts and operates an automated teller machine(ATM)/debit network, which includes ATMs, as well as POS terminals nationwide.
  • Marketaxess Holdings Inc. (NASDAQ:MKTX): On 06/30/2011, York Capital Management reported holding 0 shares. On 09/30/2011, York Capital Management reported holding 100,000 shares with a market value of $2,602,000. This comprised 0.14% of the total portfolio. The net change in shares for this position over the two quarters is 100,000. About Company: MarketAxess Holdings, Inc. operates an electronic, multi-dealer to client platform for U.S. and European high-grade corporate and emerging markets bond trading. The Company’s technology delivers price discovery and trade execution services to institutional and broker-dealer clients.
  • Spdr Gold Shares (NYSEARCA:GLD): On 06/30/2011, York Capital Management reported holding 31,000 shares with a market value of $1,772. This comprised 0% of the total portfolio. On 09/30/2011, York Capital Management reported holding 2,210,000 shares with a market value of $349,313. This comprised 0.02% of the total portfolio. The net change in shares for this position over the two quarters is 2,179,000. About Company: SPDR Gold Trust is an investment fund incorporated in the USA. The investment objective of the Trust is for the Shares to reflect the performance of the price of gold bullion, less the Trust’s expenses. The Trust holds gold and is expected from time to time to issue Baskets in exchange for deposits of gold and to distribute gold in connection with redemptions of Baskets.
  • The Goldman Sachs Group Inc. (NYSE:GS): On 06/30/2011, York Capital Management reported holding 20,500 shares with a market value of $4,264. This comprised 0% of the total portfolio. On 09/30/2011, York Capital Management reported holding 2,380,800 shares with a market value of $225,105. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 2,360,300. 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.
  • Spdr S&p Retail (NYSE:XRT): On 06/30/2011, York Capital Management reported holding 0 shares. On 09/30/2011, York Capital Management reported holding 4,717,900 shares with a market value of $218,061. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 4,717,900. About Company: SPDR S&P Retail ETF is an exchange-traded fund incorporated in the USA. The Fund’s objective is to replicate as closely as possible the performance of the S&P Retail Select Industry Index, an equal-weighted index.
  • Citigroup Inc. (NYSE:C): On 06/30/2011, York Capital Management reported holding 192,250 shares with a market value of $23,358. This comprised 0% of the total portfolio. On 09/30/2011, York Capital Management reported holding 4,500,000 shares with a market value of $115,268. This comprised 0.01% of the total portfolio. The net change in shares for this position over the two quarters is 4,307,750. 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.
  • Ishares Russell 2000 Index (NYSE:IWM): On 06/30/2011, York Capital Management reported holding 5,000 shares with a market value of $505. This comprised 0% of the total portfolio. On 09/30/2011, York Capital Management reported holding 700,000 shares with a market value of $45,010. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 695,000. About Company: iShares Russell 2000 Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the performance of the Russell 2000 Index Fund. The Index measures the performance of the small-capitalization sector of the U.S. equity market. The Fund uses a Representative Sampling strategy to try to track the Index.
  • Bank Of America Corporation (NYSE:BAC): On 06/30/2011, York Capital Management reported holding 2,700 shares with a market value of $446. This comprised 0% of the total portfolio. On 09/30/2011, York Capital Management reported holding 4,770,000 shares with a market value of $29,192. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 4,767,300. 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.

(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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