Third Point Reduces GLD Holding in Third Quarter

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Wall St. Watchdog reveals information regarding Third Point��s top holdings in the Financial sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Financial sector at the end of the quarter with an aggregate market value of $67.202 million.

  • Spdr Gold Shares (NYSEARCA:GLD): On 06/30/2011 reported holding 285,000 shares with a market value of $41,610,000. This comprised 1.58% of the total portfolio. On 09/30/2011 reported holding 260,000 shares with a market value of $41,095,599. This comprised 1.98% of the total portfolio. The net change in shares for this position over the two quarters is -25,000. 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.
  • Crexus Investment Corp. (NYSE:CXS): On 06/30/2011 reported holding 2,000,000 shares with a market value of $22,219,999. This comprised 0.84% of the total portfolio. On 09/30/2011 reported holding 1,825,000 shares with a market value of $16,206,000. This comprised 0.78% of the total portfolio. The net change in shares for this position over the two quarters is -175,000. About Company: CreXus Investment Corp. is a sp! ecialty finance company. The Company acquires, manages, and finances, directly or through our subsidiaries, commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, or CMBS, and other commercial real estate-related assets.
  • Suncoke Energy Inc. Common Stock (NYSE:SXC): On 06/30/2011 reported holding 0 shares. On 09/30/2011 reported holding 900,000 shares with a market value of $9,900,000. This comprised 0.48% of the total portfolio. The net change in shares for this position over the two quarters is 900,000.

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