Analysis of Holdings by Top 30 Hedge Funds Q2...

Analysis of Holdings by Top 30 Hedge Funds

Q2 2011

Rank

Equity

Assets

($MM)

# of Stocks

Held

1 Paulson & Co. Inc. 32,426 111

2 Lone Pine Capital, L.L.C. 15,363 69

3 Icahn Associates Corporation 13,179 29 Sector Value ($MM)

4 Viking Global Investors LP 11,957 59 Consumer Discretionary 130,227.1$

5 Maverick Capital, Ltd. 10,470 70 Technology 123,176.1$

6 ESL Investments, Inc. 9,963 11 Financials 92,575.9$

7 SPO Partners & Co. 8,242 17 Health Care 76,823.3$

8 Glenview Capital Management, L.L.C. 7,618 61 Energy 55,941.7$

9 Brookside Capital Investors, L.P. 7,353 71 Industrials 46,964.9$

10 Blue Ridge Capital 7,126 62 Materials 43,603.9$

11 Pershing Square Capital Management, L.P. 6,922 10 Consumer Staples 32,343.9$

12 Eton Park Capital Management, L.P. 6,474 72 Utilities 20,575.4$

13 Tiger Global Management, L.L.C. 6,277 46 Diversified 20,197.6$

14 ValueAct Capital Management, L.P. 5,716 24 Telecommunication Services 15,827.5$

15 Chilton Investment Company, LLC 5,675 173

16 Greenlight Capital, Inc. 5,307 41

17 GMT Capital Corp. 4,933 145

18 Children's Investment Fund Management (UK) LLP 4,718 23

19 Pennant Capital Management LLC 4,697 46

20 Alyeska Investment Group, L.P. 4,662 195

21 Owl Creek Asset Management, L.P. 4,401 33

22 York Capital Management 4,360 63

23 Coatue Capital, L.L.C. 4,182 43

24 Appaloosa Management, L.P. 4,155 70

25 Eminence Capital, L.L.C. 4,038 46

26 Farallon Capital Management, L.L.C. 3,783 78

27 Fir Tree Partners 3,670 61

28 Scout Capital Management, L.L.C. 3,576 28 Sector ∆ Value ∆ %

29 Taconic Capital Advisors LP 3,548 54 Health Care (17,509.33) (18.56)

30 Conatus Capital Management LP 3,467 36 Financials (5,859.20) (5.95)

Materials (3,953.46) (8.31)

Energy (3,144.54) (5.32)

Telecommunication Services (2,639.03) (14.29)

Consumer Discretionary 83.81 0.06

Industrials 268.93 0.58

Diversified 1,150.46 6.04

Utilities 1,485.91 7.78

Consumer Staples 3,338.30 11.51

Technology 6,285.09 5.38

Total (20,493.06)

Sector Average Median

Consumer Discretionary 136.38 46.70

MktCapRange ######### 30-Jun-2011 Consumer Staples 117.83 44.08

Large Cap ######## 102,856.8$ Diversified 203.81 86.22

Mega Cap 51,964.5$ 51,772.8$ Energy 125.94 58.06

Micro Cap 795.2$ 593.9$ Financials 111.68 39.88

Mid Cap 33,346.7$ 33,567.8$ Health Care 114.63 60.96

Small Cap 5,618.6$ 5,500.4$ Industrials 65.52 37.81

Materials 89.70 45.71

Technology 121.76 64.25

Telecommunication Services 127.54 78.88

Utilities 137.04 81.02

Investment Concentration by Sector (All Firms)Movement by Market Cap Range (Top Firms)

Top 30 Hedge Funds Portfolio Breakdown by Sector (All Firms)

Sector Movement between Current and Prior Quarters (All Firms)

Consumer Discretionary$130,227.1

19.8%

Technology$123,176.1

18.7%

Financials$92,575.9

14.1%

Health Care$76,823.3

11.7%

Energy$55,941.7

8.5%

Industrials$46,964.9

7.1%

Materials$43,603.9

6.6%Consumer Staples

$32,343.9 4.9%

Utilities$20,575.4

3.1% Diversified$20,197.6

3.1%

Telecommunication Services$15,827.5

2.4%

Total Holdings Value ($MM) and Average Percentage of Portfolio

$MM (17,509)

$MM (5,859)

$MM (3,953)

$MM (3,145)

$MM (2,639)

$MM 84

$MM 269

$MM 1,150

$MM 1,486

$MM 3,338

$MM 6,285

% -18.56

% -5.95

% -8.31

% -5.32

% -14.29

% 0.06

% 0.58

% 6.04

% 7.78

% 11.51

% 5.38

($20,000) ($15,000) ($10,000) ($5,000) $0 $5,000 $10,000

Health Care

Financials

Materials

Energy

Telecommunication Services

Consumer Discretionary

Industrials

Diversified

Utilities

Consumer Staples

Technology

∆ in Market Value from Prior Quarter (in $MM and %)

0.00

50.00

100.00

150.00

200.00

250.00

Consum

er

Dis

cre

tionary

Consum

er

Sta

ple

s

Div

ers

ifie

d

Energ

y

Fin

ancia

ls

Health C

are

Industr

ials

Mate

ria

ls

Technolo

gy

Tele

com

munic

ation S

erv

ices

Utilit

ies

$46.70 $44.08

$86.22

$58.06

$39.88

$60.96

$37.81$45.71

$64.25

$78.88 $81.02

$136.38

$117.83

$203.81

$125.94

$111.68 $114.63

$65.52

$89.70

$121.76$127.54

$137.04

Average vs. Median Holdings Value by Sector(in USD Millions)

Median Average

$-

$20,000.0

$40,000.0

$60,000.0

$80,000.0

$100,000.0

$120,000.0

Large Cap Mega Cap Micro Cap Mid Cap Small Cap

$102,989.2

$51,964.5

$795.2

$33,346.7

$5,618.6

$102,856.8

$51,772.8

$593.9

$33,567.8

$5,500.4

USD Millions

31-Mar-2011 30-Jun-2011

Prepared by Ownership Content Specialist Group Page 1

Changes in Composition of Top 30 Since Last Quarter

Change Hedge Fund

Current

Rank

Prior

Rank

Current #

of Stocks

Held

Prior # of

Stocks Held

Current

Equity

Assets

($MM)

Prior

Equity

Assets

($MM)

Paulson & Co. Inc. 1 1 111 119 32,426 37,252

Lone Pine Capital, L.L.C. 2 2 69 68 15,363 14,350

Icahn Associates Corporation 3 3 29 32 13,179 13,555

Viking Global Investors LP 4 4 59 63 11,957 12,024

Maverick Capital, Ltd. 5 6 70 73 10,470 9,554

ESL Investments, Inc. 6 5 11 10 9,963 10,690

SPO Partners & Co. 7 7 17 18 8,242 8,908

Glenview Capital Management, L.L.C. 8 10 61 57 7,618 6,804

Brookside Capital Investors, L.P. 9 9 71 63 7,353 7,311

Blue Ridge Capital 10 11 62 56 7,126 6,162

Pershing Square Capital Management, L.P. 11 12 10 10 6,922 6,133

Eton Park Capital Management, L.P. 12 8 72 86 6,474 7,431

Tiger Global Management, L.L.C. 13 24 46 37 6,277 4,232

ValueAct Capital Management, L.P. 14 20 24 27 5,716 4,793

Chilton Investment Company, LLC 15 13 173 178 5,675 6,100

Greenlight Capital, Inc. 16 14 41 44 5,307 5,772

GMT Capital Corp. 17 19 145 116 4,933 4,818

Children's Investment Fund Management (UK) LLP 18 30 23 20 4,718 3,656

Name Change (1) Pennant Capital Management LLC 19 22 46 48 4,697 4,457

Alyeska Investment Group, L.P. 20 28 195 198 4,662 3,825

Owl Creek Asset Management, L.P. 21 15 33 37 4,401 5,758

York Capital Management 22 16 63 64 4,360 5,469

Coatue Capital, L.L.C. 23 26 43 31 4,182 4,144

Appaloosa Management, L.P. 24 27 70 65 4,155 4,123

Eminence Capital, L.L.C. 25 18 46 55 4,038 4,830

Farallon Capital Management, L.L.C. 26 23 78 87 3,783 4,353

Added Fir Tree Partners 27 n.a. 61 n.a. 3,670 n.a.

Added Scout Capital Management, L.L.C. 28 n.a. 28 n.a. 3,576 n.a.

Taconic Capital Advisors LP 29 29 54 64 3,548 3,791

Added Conatus Capital Management LP 30 n.a. 36 n.a. 3,467 n.a.

Dropped Windhaven Investment Management, Inc. n.a. 17 n.a. 92 n.a. 5,292

Dropped Ivory Investment Management, L.P. n.a. 21 n.a. 69 n.a. 4,508

Dropped Cerberus Capital Management, L.P. n.a. 25 n.a. 11 n.a. 4,217

(1) Name change from "Pennant Capital Management"

Top Purchases and Sales by Top 30 Hedge Funds

Q2 2011

Top 10 Increases in Existing Positions

IssuerName Sector

Share Change

(000s)

% Change

(Shares)

# of Firms

Increasing

Level 3 Communications Inc (LVLT-O) Telecommunication Services 72,495.96 396.04 1

Seagate Technology Public Ltd Co (STX-O) Technology 29,555.75 212.67 1

Delta Air Lines Inc (DAL-N) Industrials 23,331.80 338.39 1

Banco Santander Brasil SA (BSBR-N) Financials 22,879.83 232.52 (a)

News Corp (NWSA-O) Consumer Discretionary 20,079.28 39.13 1

Forest Laboratories Inc (FRX-N) Health Care 18,243.47 1,104.08 1

Oracle Corp - Underlying (ORCL-O) Technology 15,644.57 142.30 3

Motorola Solutions Inc - Underlying (MSI-N) Technology 14,464.87 31.49 2

Tenet Healthcare Corp (THC-N) Health Care 13,832.50 134.95 (b)

Citigroup Inc - Underlying (C-N) Financials 11,670.24 12.25 7

Top 10 Decreases in Existing Positions

IssuerName Sector

Share Change

(000s)

% Change

(Shares)

# of Firms

Decreasing

Bank of America Corp - Underlying (BAC-N) Financials (71,145.94) -39.81 3

Yahoo! Inc - Underlying (YHOO-O) Technology (32,430.53) -69.32 2

Pfizer Inc - Underlying (PFE-N) Health Care (28,596.39) -25.09 6

Lawson Software Inc (A0JL0Y-DDE) Technology (17,701.05) -99.17 (c)

Comcast Corp (CMCSA-O) Consumer Discretionary (17,123.39) -34.57 2

AMR Corp (AMR-N) Industrials (16,676.60) -74.33 1

Biogen Idec Inc (BIIB-O) Health Care (14,386.29) -89.49 (d)

Xerox Corp (XRX-N) Technology (14,062.86) -32.72 1

EMC Corp - Underlying (EMC-N) Technology (11,990.60) -39.01 1

Mylan Inc (MYL-O) Health Care (11,689.20) -43.38 1

Top 10 New Positions

IssuerName Sector

Value Change

($MM)

# of Firms

Buying In

Yandex NV (YNDX-O) Technology 2,240.84 5

First Solar Inc (FSLR-O) Technology 349.23 2

Juniper Networks Inc (JNPR-N) Technology 299.27 1

Arcos Dorados Holdings Inc (ARCO-N) Consumer Discretionary 282.31 5

Vector Group Ltd (VGR-N) Consumer Staples 250.75 1

Savvis Inc (T1M-BE) Technology 247.82 2

Sandisk Corp (SNDK-O) Technology 192.56 1

Polycom Inc (PLCM-O) Technology 179.46 1

Grifols SA - Dep Rcpt (GRFS-O) Health Care 142.87 3

Huntington Ingalls Industries Inc (HII-N) Industrials 134.52 2

Top 10 Sell-Outs

IssuerName Sector

Value Change

($MM)

# of Firms

Selling Out

Genzyme Corp (GENZ-MX) Health Care (2,662.65) 6

Research In Motion Ltd (RIM-T) Telecommunication Services (554.02) 3

Kinross Gold Corp - Underlying (KGC-N) Materials (307.18) 2

Mercadolibre Inc - Underlying (MELI-O) Consumer Discretionary (267.22) 1

United States Steel Corp - Underlying (X-N) Materials (139.90) 2

Eastman Chemical Co (EMN-N) Materials (137.08) 1

Sealed Air Corp (SEE-N) Industrials (136.34) 1

Cemex SAB de CV - Dep Rcpt (CX-N) Industrials (136.15) 2

Devon Energy Corp (DVN-N) Energy (121.71) 1

Exxon Mobil Corp - Underlying (XOM-N) Energy (115.54) 1

Notes:

(a)

(b) 2 buy-ins; 2 sell-outs

(c) 1 buy-in; 1 sell-out

(d) 2 buy-ins; 1 sell-out

1 buy-in; 1 no change

Top Purchases and Sales between Q1 2011 and Q2 2011


Top 100 Holdings by Top 30 Hedge Funds

Q2 2011

Issuer Name Sector

Holdings

Value ($MM) % (Shares) $MM

# of

Owners

% of

Total

Holdings

Citigroup Inc - Underlying (C-N) Financials 4,452.93 12.25 242.06 14 2.3

Apple Inc - Underlying (AAPL-O) Technology 3,960.21 25.59 686.36 15 2.0

Sears Holdings Corp (SHLD-O) Consumer Discretionary 3,477.68 0.52 (525.04) 2 1.8

Icahn Enterprises LP (IEP-N) Diversified 3,407.25 1.00 272.19 1 1.8

Autozone Inc (AZO-N) Consumer Discretionary 2,850.96 (9.32) (66.01) 3 1.5

Motorola Solutions Inc - Underlying (MSI-N) Technology 2,781.08 31.49 727.98 4 1.4

Viacom Inc - Underlying (VIA'B-N) Consumer Discretionary 2,290.42 (12.98) (110.53) 9 1.2

AutoNation Inc (AN-N) Consumer Discretionary 2,278.12 0.00 77.16 1 1.2

Yandex NV (YNDX-O) Technology 2,240.84 n/a 2,240.84 5 1.2

JPMorgan Chase & Co - Underlying (JPM-N) Financials 1,972.66 (12.21) (557.54) 11 1.0

Crown Castle International Corp (CCI-N) Telecommunication Services 1,917.77 (10.81) (325.31) 4 1.0

Pfizer Inc - Underlying (PFE-N) Health Care 1,759.22 (25.09) (556.03) 8 0.9

Federal Mogul Corp (FDML-O) Consumer Discretionary 1,717.77 0.00 (155.75) 1 0.9

Anglogold Ashanti Ltd - Dep Rcpt (AU-N) Materials 1,680.88 (2.71) (287.32) 1 0.9

Qualcomm Inc - Underlying (QCOM-O) Technology 1,605.99 (7.32) (67.01) 7 0.8

Anadarko Petroleum Corp (APC-N) Energy 1,540.32 (23.66) (613.13) 3 0.8

Valeant Pharmaceuticals International Inc (VRX-N) Health Care 1,533.39 (16.21) (220.64) 3 0.8

Amazon.com Inc - Underlying (AMZN-O) Technology 1,508.79 22.29 421.99 7 0.8

Capital One Financial Corp (COF-N) Financials 1,487.71 (3.03) (55.16) 3 0.8

J C Penney Co Inc (JCP-N) Consumer Discretionary 1,467.63 9.23 70.72 3 0.8

Calpine Corp (CPN-N) Utilities 1,432.49 0.00 23.09 1 0.7

Priceline.com Inc (PCLN-O) Technology 1,398.37 4.69 77.01 8 0.7

Google Inc - Underlying (GOOG-O) Technology 1,395.17 69.24 439.95 11 0.7

Fortune Brands Inc (FO-N) Diversified 1,365.19 0.50 46.81 3 0.7

Life Technologies Corp (LIFE-O) Health Care 1,361.68 72.69 567.85 5 0.7

Wells Fargo & Co - Underlying (WFC-N) Financials 1,357.21 8.18 (60.51) 6 0.7

BlackRock Inc (BLK-N) Financials 1,334.87 (8.41) (192.48) 7 0.7

News Corp (NWSA-O) Consumer Discretionary 1,263.63 39.13 361.56 7 0.7

Transocean Ltd (RIG-N) Energy 1,258.37 (22.43) (700.35) 2 0.6

Goodrich Corp (GR-N) Diversified 1,245.74 10.57 236.75 6 0.6

Liberty Global Inc (LBTYK-O) Consumer Discretionary 1,239.32 3.74 120.55 3 0.6

Hartford Financial Services Group Inc (HIG-N) Financials 1,217.17 (4.30) (81.65) 5 0.6

General Growth Properties Inc (GGP-N) Financials 1,205.58 0.51 93.04 1 0.6

Bank of America Corp - Underlying (BAC-N) Financials 1,178.85 (39.81) (1,203.29) 7 0.6

Hewlett Packard Co (HPQ-N) Technology 1,161.51 (15.76) (390.39) 6 0.6

Time Warner Cable Inc (TWC-N) Consumer Discretionary 1,120.29 26.10 308.18 3 0.6

Sensata Technologies Holding NV (ST-N) Technology 1,086.01 18.96 243.86 6 0.6

Family Dollar Stores Inc (FDO-N) Consumer Discretionary 1,081.12 6.63 91.13 5 0.6

Microsoft Corp - Underlying (MSFT-O) Technology 1,044.32 (7.25) (55.21) 7 0.5

Pioneer Natural Resources Co (PXD-N) Energy 1,034.31 (1.07) (155.30) 2 0.5

Dollar General Corp (DG-N) Consumer Discretionary 986.81 6.71 131.39 5 0.5

Netflix Inc (NFLX-O) Technology 979.75 33.55 315.72 4 0.5

Estee Lauder Cos Inc (EL-N) Consumer Staples 971.39 (16.03) (88.35) 3 0.5

Wellpoint Inc (WLP-N) Health Care 961.59 (33.83) (325.96) 7 0.5

CIGNA Corp (CI-N) Health Care 934.64 (10.18) 38.72 6 0.5

Express Scripts Inc (ESRX-O) Health Care 916.01 (16.33) (211.85) 6 0.5

Liberty Global Inc (LBTYA-O) Consumer Discretionary 909.74 (21.46) (155.28) 5 0.5

Visa Inc (V-N) Financials 902.97 42.79 350.45 5 0.5

Suntrust Banks Inc (STI-N) Financials 898.98 (2.54) (132.10) 3 0.5

Youkucom Inc (YOKU-N) Technology 890.38 59.30 117.31 6 0.5

NetApp Inc (NTAP-O) Technology 888.61 (5.89) 27.25 6 0.5

American Tower Corp (AMT-N) Telecommunication Services 884.69 9.82 86.93 6 0.5

Walt Disney Co - Underlying (DIS-N) Consumer Discretionary 881.93 69.98 309.26 3 0.5

Tyco International Ltd - Underlying (TYC-N) Diversified 881.18 18.62 208.37 6 0.5

Oracle Corp - Underlying (ORCL-O) Technology 876.67 142.30 509.12 7 0.5

Clorox Co (CLX-N) Consumer Staples 843.00 0.00 (32.88) 1 0.4

Change from

Prior Quarter

Top 100 Holdings


Baidu Inc (BIDU-O) Technology 835.99 4.61 50.05 5 0.4

LyondellBasell Industries NV (LYB-N) Materials 829.99 20.94 125.34 6 0.4

Comcast Corp (CMCSA-O) Consumer Discretionary 821.41 (34.57) (403.19) 5 0.4

Check Point Software Technologies Ltd (CHKP-O) Technology 820.83 2.07 98.68 5 0.4

Charles Schwab Corp (SCHW-N) Financials 808.13 (4.30) (117.45) 4 0.4

Marathon Oil Corp (MRO-N) Energy 801.24 73.19 333.06 8 0.4

General Motors Co (GM-N) Consumer Discretionary 790.95 42.47 223.52 7 0.4

Kraft Foods Inc (KFT-N) Consumer Staples 783.20 (11.48) (4.35) 1 0.4

Forest Laboratories Inc (FRX-N) Health Care 782.70 1,104.08 729.33 1 0.4

Invesco Ltd (IVZ-N) Financials 780.00 21.65 79.63 2 0.4

TransDigm Group Inc (TDG-N) Industrials 760.26 (2.25) 45.27 4 0.4

Cognizant Technology Solutions Corp (CTSH-O) Technology 752.07 (5.51) (131.31) 3 0.4

Polo Ralph Lauren Corp (PRL-BE) Consumer Discretionary 751.94 20.11 168.19 3 0.4

Motorola Mobility Holdings Inc (MMI-N) Technology 739.99 (2.86) (103.33) 2 0.4

Lubrizol Corp (LZ-N) Materials 733.16 (11.93) (97.38) 1 0.4

Monsanto Co - Underlying (MON-N) Materials 725.98 164.26 452.32 4 0.4

Cephalon Inc (CEPH-O) Health Care 704.30 56.77 276.52 2 0.4

Seagate Technology Public Ltd Co (STX-O) Technology 702.20 212.67 502.08 5 0.4

McKesson Corp (MCK-N) Consumer Staples 680.55 (45.12) (491.25) 4 0.4

Dollar Tree Inc (DLTR-O) Consumer Discretionary 662.88 11.43 167.09 4 0.3

Mosaic Co (MOS-N) Materials 662.46 374.45 500.12 4 0.3

Weyerhaeuser Co (WY-N) Materials 655.80 (5.36) (124.02) 1 0.3

Schlumberger NV - Underlying (SLB-N) Energy 642.07 39.78 146.26 3 0.3

Corning Inc - Underlying (GLW-N) Technology 636.15 28.00 71.26 4 0.3

Teva Pharmaceutical Industries Ltd - Dep Rcpt (TEVA-O)Health Care 634.01 (34.25) (369.27) 6 0.3

Thermo Fisher Scientific Inc (TMO-N) Diversified 627.30 5.63 114.98 4 0.3

Williams Companies Inc (WMB-N) Utilities 625.58 75.24 257.62 4 0.3

XL Group PLC (XL-N) Financials 620.50 (3.98) (102.74) 1 0.3

CBS Corp (CBS-N) Consumer Discretionary 615.59 (22.70) (84.33) 1 0.3

Fidelity National Information Services Inc (FIS-N) Technology 603.11 (2.18) (51.48) 5 0.3

eBay Inc (EBAY-O) Technology 599.09 28.56 150.87 6 0.3

US Bancorp - Underlying (USB-N) Financials 597.98 11.69 43.26 4 0.3

Nielsen Holdings NV (NLSN-N) Consumer Discretionary 595.88 (4.36) 49.81 4 0.3

MGM Resorts International (MGM-N) Consumer Discretionary 594.79 (5.06) (28.86) 2 0.3

Baxter International Inc (BAX-N) Health Care 578.49 (22.93) (97.69) 3 0.3

Ctrip.com International Ltd (CTRP-O) Consumer Discretionary 566.61 21.79 118.55 4 0.3

Union Pacific Corp (UNP-N) Industrials 558.57 137.42 336.99 4 0.3

Medco Health Solutions Inc (MHS-N) Health Care 552.66 (21.59) (147.70) 4 0.3

Gap Inc (GPS-N) Consumer Discretionary 549.52 7.84 (88.40) 1 0.3

Marvell Technology Group Ltd (MRVL-O) Technology 545.14 16.00 50.19 2 0.3

Aon Corp (AON-N) Financials 544.17 (12.00) (94.19) 4 0.3

CIT Group Inc (CIT-N) Financials 543.79 (25.72) (160.01) 5 0.3

NII Holdings Inc (NIHD-O) Telecommunication Services 537.11 40.42 161.03 3 0.3

Amdocs Ltd (DOX-N) Telecommunication Services 530.18 (20.83) (105.59) 4 0.3

Total Value of ALL Holdings by Group: 194,291.72


Top 10 Holdings for Top 30 Hedge Funds (by Owner)

Q2 2011

Alyeska Investment Group, L.P.

IssuerName Sector Shares Held

Holdings

Value

($MM)

% Change in

Shares % of Holdings

Sanofi SA - Dep Rcpt (SNY-N) Health Care 9,474,078 380.57 731.06 8.16

EXCO Resources Inc (XCO-N) Energy 9,000,000 158.85 Buy-In 3.41

Intermune Inc (ITMN-O) Health Care 3,100,000 111.14 55.00 2.38

CF Industries Holdings Inc (CF-N) Diversified 715,597 101.38 70.38 2.17

Delta Air Lines Inc (DAL-N) Industrials 10,100,000 92.62 Buy-In 1.99

Citigroup Inc - Underlying (C-N) Financials 2,184,575 90.97 79.26 1.95

Emerson Electric Co (EMR-N) Industrials 1,298,782 73.06 112.40 1.57

Target Corp (TGT-N) Consumer Discretionary 1,550,800 72.75 5.68 1.56

Google Inc - Underlying (GOOG-O) Technology 143,616 72.72 110.66 1.56

Bank of America Corp - Underlying (BAC-N) Financials 6,499,528 71.23 160.69 1.53

Appaloosa Management, L.P.


Holdings

Value

($MM)

% Change in


Citigroup Inc - Underlying (C-N) Financials 7,201,841 299.88 (6.00) 7.22

Pfizer Inc - Underlying (PFE-N) Health Care 14,495,002 298.60 (6.00) 7.19

The Goodyear Tire & Rubber Co (GT-N) Consumer Discretionary 13,999,151 234.77 (8.19) 5.65

Valero Energy Corp (VLO-N) Energy 7,762,004 198.47 202.63 4.78

Macy's Inc (M-N) Consumer Discretionary 6,312,625 184.58 (5.96) 4.44

CVR Energy Inc (CVI-N) Energy 7,334,534 180.58 371.26 4.35

Mosaic Co (MOS-N) Materials 2,390,027 161.88 Buy-In 3.90

International Paper Co (IP-N) Materials 5,097,067 151.99 (11.18) 3.66

United Continental Holdings Inc (UAL-N) Industrials 5,565,753 125.95 (3.00) 3.03

CF Industries Holdings Inc (CF-N) Diversified 867,496 122.90 (6.74) 2.96

Blue Ridge Capital


Holdings

Value

($MM)

% Change in


Valeant Pharmaceuticals International Inc (VRX-N) Health Care 9,800,000 510.19 9.80 7.16

Apple Inc - Underlying (AAPL-O) Technology 1,200,000 402.80 22.81 5.65

Amazon.com Inc - Underlying (AMZN-O) Technology 1,941,896 397.10 (0.57) 5.57

Netflix Inc (NFLX-O) Technology 1,115,000 292.90 10.95 4.11

Range Resources Corp (RRC-N) Energy 4,727,000 262.35 (17.46) 3.68

Thermo Fisher Scientific Inc (TMO-N) Diversified 4,000,000 257.56 43.37 3.61

Citrix Systems Inc (CTXS-O) Technology 3,065,000 245.20 0.00 3.44

NRG Energy Inc (NRG-N) Utilities 8,650,000 212.62 22.18 2.98

JPMorgan Chase & Co - Underlying (JPM-N) Financials 4,970,000 203.47 (27.87) 2.86

Level 3 Communications Inc (LVLT-O) Telecommunication Services 83,164,130 202.92 354.32 2.85

Brookside Capital Investors, L.P.


Holdings

Value

($MM)

% Change in


Youkucom Inc (YOKU-N) Technology 12,687,904 435.83 (14.78) 5.93

Celgene Corp (CELG-O) Health Care 6,837,101 412.41 (9.04) 5.61


EMC Corp - Underlying (EMC-N) Technology 14,730,309 405.82 16.54 5.52


Juniper Networks Inc (JNPR-N) Technology 9,500,563 299.27 Buy-In 4.07

Check Point Software Technologies Ltd (CHKP-O) Technology 4,686,901 266.45 0.00 3.62

Goldman Sachs Group Inc - Underlying (GS-N) Financials 1,969,700 262.15 (1.52) 3.57

Macy's Inc (M-N) Consumer Discretionary 8,374,532 244.87 228.54 3.33

Broadcom Corp (BRCM-O) Technology 6,856,311 230.65 Buy-In 3.14

News Corp (NWSA-O) Consumer Discretionary 12,226,498 216.41 0.00 2.94

Children's Investment Fund Management (UK) LLP


Holdings

Value

($MM)

% Change in


Walt Disney Co - Underlying (DIS-N) Consumer Discretionary 20,810,411 812.44 85.17 17.22

CBS Corp (CBS-N) Consumer Discretionary 21,607,313 615.59 (20.46) 13.05

Viacom Inc - Underlying (VIA'B-N) Consumer Discretionary 10,460,212 533.47 0.00 11.31

Union Pacific Corp (UNP-N) Industrials 2,702,821 282.17 Buy-In 5.98

Oracle Corp - Underlying (ORCL-O) Technology 4,785,127 157.48 2,604.68 3.34

United Parcel Service Inc (UPS-N) Industrials 685,451 49.99 (45.82) 1.06

McDonalds Corp - Underlying (MCD-N) Consumer Discretionary 489,463 41.27 Buy-In 0.87

Kansas City Southern (KSU-N) Industrials 421,154 24.99 Buy-In 0.53

Wellpoint Inc (WLP-N) Health Care 218,337 17.20 (92.97) 0.36

Royal Bank of Scotland Group PLC (RBS.S-N) Financials 580,852 10.05 0.00 0.21

Chilton Investment Company, LLC


Holdings

Value

($MM)

% Change in


Alpha Natural Resources Inc (ANR-N) Materials 4,646,277 211.13 49.40 3.72

Mosaic Co (MOS-N) Materials 2,648,430 179.38 31.01 3.16

Weatherford International Ltd (WFT-N) Energy 9,350,199 175.32 3.18 3.09

Southwestern Energy Co (SWN-N) Energy 3,884,682 166.58 0.49 2.94

Eog Resources Inc (EOG-N) Energy 1,406,780 147.08 2.90 2.59

Avago Technologies Ltd (AVGO-O) Technology 3,808,191 144.71 8.14 2.55

Patriot Coal Corp (PCX-N) Materials 6,487,391 144.41 2.90 2.54

Agnico Eagle Mines Ltd - Underlying (AEM-N) Materials 1,964,954 124.39 2.89 2.19

Walter Energy Inc (WLT-N) Materials 948,173 109.80 (7.00) 1.93

Monsanto Co - Underlying (MON-N) Materials 1,512,371 109.71 3.35 1.93

Coatue Capital, L.L.C.


Holdings

Value

($MM)

% Change in


Apple Inc - Underlying (AAPL-O) Technology 1,313,907 441.04 (2.94) 10.55

Green Mountain Coffee Roasters Inc (GMCR-O) Consumer Staples 4,295,604 383.43 (0.95) 9.17

Qualcomm Inc - Underlying (QCOM-O) Technology 6,312,950 358.51 (0.77) 8.57

Check Point Software Technologies Ltd (CHKP-O) Technology 5,526,459 314.18 39.19 7.51

Baidu Inc (BIDU-O) Technology 2,011,807 281.91 (3.45) 6.74

SINA Corp (SINA-O) Technology 2,521,987 262.54 (13.27) 6.28

Netflix Inc (NFLX-O) Technology 945,269 248.31 (1.09) 5.94

Google Inc - Underlying (GOOG-O) Technology 467,918 236.94 (19.76) 5.67


Priceline.com Inc (PCLN-O) Technology 384,950 197.07 20.32 4.71

Conatus Capital Management LP



Holdings

Value

($MM)

% Change in


Apple Inc - Underlying (AAPL-O) Technology 660,284 221.64 17.34 6.39

Schlumberger NV - Underlying (SLB-N) Energy 1,947,159 168.23 34.67 4.85

Agilent Technologies Inc (A-N) Health Care 2,624,345 134.13 77.57 3.87

Polo Ralph Lauren Corp (PRL-BE) Consumer Discretionary 929,422 123.25 17.75 3.55

Sothebys (BID-N) Consumer Discretionary 2,759,603 120.04 22.22 3.46

Cognizant Technology Solutions Corp (CTSH-O) Technology 1,606,856 117.85 21.57 3.40

NetApp Inc (NTAP-O) Technology 2,182,966 115.22 14.14 3.32

Estee Lauder Cos Inc (EL-N) Consumer Staples 1,056,966 111.18 0.00 3.21

Amazon.com Inc - Underlying (AMZN-O) Technology 543,606 111.16 0.89 3.21

TD Ameritrade Holding Corp (AMTD-O) Financials 5,676,252 110.74 5.74 3.19

Eminence Capital, L.L.C.


Holdings

Value

($MM)

% Change in


Aon Corp (AON-N) Financials 5,879,000 301.59 0.00 7.47

Oracle Corp - Underlying (ORCL-O) Technology 6,985,200 229.88 67.91 5.69

Tyco International Ltd - Underlying (TYC-N) Diversified 4,066,250 200.99 (6.57) 4.98

eBay Inc (EBAY-O) Technology 5,236,000 168.97 17.08 4.18

Novellus Systems Inc (NVLS-O) Technology 4,580,902 165.55 40.73 4.10

CME Group Inc (CME-O) Financials 541,700 157.95 Buy-In 3.91

Abbott Laboratories - Underlying (ABT-N) Health Care 2,520,000 132.60 (7.22) 3.28

Fiserv Inc (FISV-O) Technology 2,009,267 125.84 (16.94) 3.12

Genpact Ltd (G-N) Diversified 7,145,000 123.18 4.23 3.05

JPMorgan Chase & Co - Underlying (JPM-N) Financials 2,930,000 119.95 0.00 2.97

ESL Investments, Inc.


Holdings

Value

($MM)

% Change in


Sears Holdings Corp (SHLD-O) Consumer Discretionary 48,179,755 3,441.96 0.00 34.55

Autozone Inc (AZO-N) Consumer Discretionary 9,459,302 2,789.08 (10.55) 27.99

AutoNation Inc (AN-N) Consumer Discretionary 62,226,590 2,278.12 0.00 22.86

Gap Inc (GPS-N) Consumer Discretionary 30,360,392 549.52 12.13 5.52

Capital One Financial Corp (COF-N) Financials 6,253,769 323.13 (14.84) 3.24

CIT Group Inc (CIT-N) Financials 5,369,785 237.67 29.51 2.39

Wells Fargo & Co - Underlying (WFC-N) Financials 4,627,994 129.86 Buy-In 1.30

Cisco Systems Inc - Underlying (CSCO-O) Technology 7,532,489 117.58 2.99 1.18

Seagate Technology Public Ltd Co (STX-O) Technology 7,204,498 116.42 (9.42) 1.17

Genworth Financial Inc (GNW-N) Financials 10,862,666 111.67 0.00 1.12

Eton Park Capital Management, L.P.


Holdings

Value

($MM)

% Change in


Viacom Inc - Underlying (VIA'B-N) Consumer Discretionary 10,670,000 544.17 (29.10) 8.41

YPF Sociedad Anonima - Dep Rcpt (YPF-N) Energy 9,775,857 440.40 0.00 6.80

Nielsen Holdings NV (NLSN-N) Consumer Discretionary 12,000,000 373.92 0.00 5.78


Marathon Oil Corp (MRO-N) Energy 5,444,000 286.79 61.54 4.43

BP PLC - Dep Rcpt (BP-N) Energy 5,606,000 248.29 71.18 3.84

Comcast Corp - Underlying (CMCSK-O) Consumer Discretionary 9,687,596 234.73 11.13 3.63

Bank of America Corp - Underlying (BAC-N) Financials 21,108,000 231.34 0.00 3.57

Msci Inc (MSCI-N) Consumer Discretionary 5,900,000 222.31 0.00 3.43


Dollar Tree Inc (DLTR-O) Consumer Discretionary 3,000,000 199.86 55.44 3.09

Farallon Capital Management, L.L.C.


Holdings

Value

($MM)

% Change in


Target Corp (TGT-N) Consumer Discretionary 3,686,000 172.91 6.56 4.57

Hudson Pacific Properties Inc (HPP-N) Financials 10,233,860 158.93 43.96 4.20

Oracle Corp - Underlying (ORCL-O) Technology 4,510,000 148.42 5.72 3.92


State Street Corp (STT-N) Financials 3,080,000 138.88 7.50 3.67

Comcast Corp (CMCSA-O) Consumer Discretionary 4,210,000 106.68 58.57 2.82

Charles Schwab Corp (SCHW-N) Financials 6,415,000 105.53 (8.88) 2.79

General Dynamics Corp (GD-N) Industrials 1,363,500 101.61 69.38 2.69

Crown Castle International Corp (CCI-N) Telecommunication Services 2,340,000 95.45 (24.13) 2.52

Wells Fargo & Co - Underlying (WFC-N) Financials 3,365,000 94.42 25.79 2.50

Fir Tree Partners


Holdings

Value

($MM)

% Change in


Microsoft Corp - Underlying (MSFT-O) Technology 14,800,178 384.80 26.99 10.49

General Motors Co (GM-N) Consumer Discretionary 7,719,804 234.37 51.96 6.39

Williams Companies Inc (WMB-N) Utilities 7,376,373 223.14 30.62 6.08

Pfizer Inc - Underlying (PFE-N) Health Care 8,541,512 175.96 0.00 4.79


Equinix Inc (EQIX-O) Technology 1,643,171 165.99 42.55 4.52

CVS Caremark Corp (CVS-N) Health Care 4,135,151 155.40 (25.74) 4.23


Time Warner Inc - Underlying (TWX-N) Consumer Discretionary 3,655,900 132.97 0.00 3.62

Cisco Systems Inc - Underlying (CSCO-O) Technology 8,400,000 131.12 Buy-In 3.57

Glenview Capital Management, L.L.C.


Holdings

Value

($MM)

% Change in


Life Technologies Corp (LIFE-O) Health Care 12,762,399 664.54 42.31 8.72

McKesson Corp (MCK-N) Consumer Staples 5,432,099 454.40 (8.71) 5.96

American International Group Inc - Underlying (AIG-N) Financials 9,754,453 286.00 Buy-In 3.75

Thermo Fisher Scientific Inc (TMO-N) Diversified 4,072,964 262.26 (4.83) 3.44

Xerox Corp (XRX-N) Technology 23,730,806 247.04 7.57 3.24

Flextronics International Ltd (FLEX-O) Technology 37,806,234 242.72 37.24 3.19

Crown Castle International Corp (CCI-N) Telecommunication Services 5,949,400 242.68 Buy-In 3.19

Fidelity National Information Services Inc (FIS-N) Technology 7,733,109 238.10 (9.22) 3.13

Tyco International Ltd - Underlying (TYC-N) Diversified 4,763,966 235.48 (16.29) 3.09

Aetna Inc (AET-N) Health Care 5,244,936 231.25 (19.00) 3.04

GMT Capital Corp.


Holdings

Value

($MM)

% Change in


Celanese Corp (CE-N) Diversified 5,931,200 316.19 12.35 6.41

Canadian Natural Resources Ltd (CNQ-N) Energy 6,743,380 283.02 3.25 5.74

NII Holdings Inc (NIHD-O) Telecommunication Services 4,968,778 210.58 (0.94) 4.27

Anadarko Petroleum Corp (APC-N) Energy 2,366,100 181.62 (6.34) 3.68


United Continental Holdings Inc (UAL-N) Industrials 6,983,330 158.03 18.08 3.20

Kraton Performance Polymers Inc (KRA-N) Materials 3,521,855 137.95 5.46 2.80

Flextronics International Ltd (FLEX-O) Technology 21,310,800 136.82 (3.61) 2.77

Life Technologies Corp (LIFE-O) Health Care 2,375,400 123.69 (15.60) 2.51

Avnet Inc (AVT-N) Technology 3,874,500 123.52 2.64 2.50

Entegris Inc (ENTG-O) Technology 11,482,700 116.20 0.00 2.36

Greenlight Capital, Inc.


Holdings

Value

($MM)

% Change in



Microsoft Corp - Underlying (MSFT-O) Technology 14,819,042 385.30 63.40 7.26


Sprint Nextel Corp (S-N) Telecommunication Services 55,900,000 301.30 0.00 5.68

CareFusion Corp (CFN-N) Health Care 9,524,724 258.79 (4.99) 4.88

Travelers Companies Inc - Underlying (TRV-N) Financials 4,198,211 245.09 0.00 4.62

Ensco PLC (ESV-N) Energy 4,223,604 225.12 (4.15) 4.24

Best Buy Co Inc (BBY-N) Consumer Discretionary 6,887,600 216.34 14.79 4.08

Becton Dickinson And Co (BDX-N) Health Care 2,331,598 200.91 0.00 3.79

Seagate Technology Public Ltd Co (STX-O) Technology 11,505,373 185.93 251.96 3.50

Icahn Associates Corporation


Holdings

Value

($MM)

% Change in


Icahn Enterprises LP (IEP-N) Diversified 79,238,262 3,407.25 1.00 25.85

Motorola Solutions Inc - Underlying (MSI-N) Technology 38,292,235 1,762.97 0.00 13.38

Federal Mogul Corp (FDML-O) Consumer Discretionary 75,241,924 1,717.77 0.00 13.03

Clorox Co (CLX-N) Consumer Staples 12,500,000 843.00 0.00 6.40

Forest Laboratories Inc (FRX-N) Health Care 19,895,841 782.70 1,104.08 5.94

Motorola Mobility Holdings Inc (MMI-N) Technology 33,505,706 738.47 0.00 5.60

Lions Gate Entertainment Corp (LGF-N) Consumer Discretionary 44,642,069 295.53 0.00 2.24

American Railcar Industries Inc (ARII-O) Industrials 11,564,145 271.18 0.00 2.06

Vector Group Ltd (VGR-N) Consumer Staples 14,095,100 250.75 (0.00) 1.90

The Hain Celestial Group Inc (HAIN-O) Consumer Staples 7,130,563 237.88 0.00 1.80

Lone Pine Capital, L.L.C.


Holdings

Value

($MM)

% Change in



Cognizant Technology Solutions Corp (CTSH-O) Technology 8,605,660 631.14 35.43 4.11

Dollar General Corp (DG-N) Consumer Discretionary 16,190,141 548.68 2.55 3.57

Polo Ralph Lauren Corp (PRL-BE) Consumer Discretionary 4,085,898 541.83 14.04 3.53

Crown Castle International Corp (CCI-N) Telecommunication Services 12,086,465 493.01 0.00 3.21

Goodrich Corp (GR-N) Diversified 4,949,021 472.63 13.40 3.08

Express Scripts Inc (ESRX-O) Health Care 8,046,327 434.34 (17.41) 2.83

Google Inc - Underlying (GOOG-O) Technology 831,332 420.97 Buy-In 2.74

Yum! Brands Inc (YUM-N) Consumer Discretionary 7,282,003 402.26 (30.23) 2.62

NetApp Inc (NTAP-O) Technology 7,571,797 399.64 (13.91) 2.60

Maverick Capital, Ltd.



Holdings

Value

($MM)

% Change in


Citigroup Inc - Underlying (C-N) Financials 10,730,265 446.81 Buy-In 4.27


Marvell Technology Group Ltd (MRVL-O) Technology 29,710,907 438.68 14.63 4.19

Corning Inc - Underlying (GLW-N) Technology 23,399,636 424.70 19.79 4.06

Qualcomm Inc - Underlying (QCOM-O) Technology 7,433,955 422.17 (4.90) 4.03


Apollo Group Inc (APOL-O) Consumer Discretionary 9,504,075 415.14 28.85 3.96


First Solar Inc (FSLR-O) Technology 2,460,547 325.46 Buy-In 3.11

Youkucom Inc (YOKU-N) Technology 8,796,898 302.17 Buy-In 2.89

Owl Creek Asset Management, L.P.


Holdings

Value

($MM)

% Change in


CIGNA Corp (CI-N) Health Care 8,396,087 431.81 (19.32) 9.81

Navistar International Corp (NAV-N) Industrials 6,868,311 387.78 69.75 8.81


Wellpoint Inc (WLP-N) Health Care 3,969,901 312.71 (29.93) 7.10

BlackRock Inc (BLK-N) Financials 1,363,354 261.50 (0.05) 5.94

American Tower Corp (AMT-N) Telecommunication Services 4,728,270 247.43 Buy-In 5.62

Teva Pharmaceutical Industries Ltd - Dep Rcpt (TEVA-O) Health Care 4,885,010 235.56 (41.27) 5.35

Metlife Inc (MET-N) Financials 4,692,964 205.88 (33.84) 4.68

Prudential Financial Inc (PRU-N) Financials 3,197,518 203.33 Buy-In 4.62

Medco Health Solutions Inc (MHS-N) Health Care 3,533,399 199.71 (20.37) 4.54

Paulson & Co. Inc.


Holdings

Value

($MM)

% Change in


Anglogold Ashanti Ltd - Dep Rcpt (AU-N) Materials 39,935,382 1,680.88 (2.71) 5.18

Citigroup Inc - Underlying (C-N) Financials 33,505,002 1,395.15 (18.82) 4.30

Anadarko Petroleum Corp (APC-N) Energy 16,712,188 1,282.83 (21.29) 3.96

Transocean Ltd (RIG-N) Energy 18,810,000 1,214.37 (23.12) 3.75

Capital One Financial Corp (COF-N) Financials 21,100,000 1,090.24 17.22 3.36

Hartford Financial Services Group Inc (HIG-N) Financials 40,518,454 1,068.47 (7.75) 3.30

Wells Fargo & Co - Underlying (WFC-N) Financials 33,600,000 942.82 63.90 2.91

Hewlett Packard Co (HPQ-N) Technology 23,500,000 855.40 (6.00) 2.64

Suntrust Banks Inc (STI-N) Financials 32,134,301 829.06 (6.29) 2.56

Lubrizol Corp (LZ-N) Materials 5,460,342 733.16 (8.99) 2.26

Pennant Capital Management LLC


Holdings

Value

($MM)

% Change in


TransDigm Group Inc (TDG-N) Industrials 3,189,922 290.89 (0.44) 6.19

Davita Inc (DVA-N) Health Care 3,131,038 271.18 2.62 5.77

Sensata Technologies Holding NV (ST-N) Technology 7,024,393 264.47 (3.28) 5.63

Qualcomm Inc - Underlying (QCOM-O) Technology 4,444,295 252.39 2.87 5.37

Wellpoint Inc (WLP-N) Health Care 2,880,976 226.93 (13.17) 4.83

Fidelity National Information Services Inc (FIS-N) Technology 7,340,348 226.01 4.04 4.81

Abercrombie & Fitch Co (ANF-N) Consumer Discretionary 2,977,800 199.27 (11.20) 4.24

Adobe Systems Inc (ADBE-O) Technology 5,637,454 177.30 6.72 3.77

Unitedhealth Group Inc (UNH-N) Health Care 3,251,419 167.71 (10.34) 3.57


Expedia Inc (EXPE-O) Consumer Discretionary 5,546,200 160.78 Buy-In 3.42

Pershing Square Capital Management, L.P.


Holdings

Value

($MM)

% Change in


J C Penney Co Inc (JCP-N) Consumer Discretionary 38,715,571 1,337.24 10.87 19.32

General Growth Properties Inc (GGP-N) Financials 72,233,712 1,205.58 0.60 17.42

Fortune Brands Inc (FO-N) Diversified 17,170,033 1,094.93 3.01 15.82


Kraft Foods Inc (KFT-N) Consumer Staples 22,230,989 783.20 (0.04) 11.31

Family Dollar Stores Inc (FDO-N) Consumer Discretionary 11,094,493 583.13 92.47 8.42

Howard Hughes Corp (HHC-N) Financials 3,568,017 232.06 0.00 3.35

Alexander and Baldwin Inc (ALEX-N) Diversified 3,561,943 171.54 0.00 2.48

Greenlight Capital Re Ltd (GLRE-O) Financials 250,000 6.57 0.00 0.09

Scout Capital Management, L.L.C.


Holdings

Value

($MM)

% Change in


Sensata Technologies Holding NV (ST-N) Technology 10,500,000 395.33 28.05 11.05

Arcos Dorados Holdings Inc (ARCO-N) Consumer Discretionary 9,450,000 199.30 Buy-In 5.57

McDonalds Corp - Underlying (MCD-N) Consumer Discretionary 2,310,000 194.78 11.33 5.45

American Tower Corp (AMT-N) Telecommunication Services 3,630,000 189.96 0.83 5.31

TE Connectivity Ltd (TEL-N) Industrials 5,040,000 185.27 14.55 5.18

Williams Companies Inc (WMB-N) Utilities 5,960,000 180.29 Buy-In 5.04

Dominos Pizza Inc (DPZ-N) Consumer Discretionary 5,890,000 148.66 16.05 4.16

Mastercard Inc - Underlying (MA-N) Financials 405,000 122.04 Buy-In 3.41

Sherwin-Williams Co (SHW-N) Consumer Discretionary 1,450,000 121.61 Buy-In 3.40

Visa Inc (V-N) Financials 1,415,000 119.23 Buy-In 3.33

SPO Partners & Co.


Holdings

Value

($MM)

% Change in


Calpine Corp (CPN-N) Utilities 88,808,840 1,432.49 0.00 17.38

Crown Castle International Corp (CCI-N) Telecommunication Services 26,639,820 1,086.64 (11.78) 13.18

Liberty Global Inc (LBTYK-O) Consumer Discretionary 24,874,437 1,062.14 0.00 12.89

Pioneer Natural Resources Co (PXD-N) Energy 10,508,614 941.26 (1.87) 11.42

Charles Schwab Corp (SCHW-N) Financials 36,317,187 597.42 10.98 7.25

Visa Inc (V-N) Financials 7,015,554 591.13 31.90 7.17

Lamar Advertising Co (LAMR-O) Consumer Discretionary 18,638,714 510.14 0.00 6.19

Advent Software Inc (ADVS-O) Technology 15,712,200 442.61 0.00 5.37

Martin Marietta Materials Inc (MLM-N) Industrials 5,381,235 430.34 0.00 5.22

Quicksilver Resources Inc (KWK-N) Energy 24,985,154 368.78 0.00 4.47

Taconic Capital Advisors LP


Holdings

Value

($MM)

% Change in


Cephalon Inc (CEPH-O) Health Care 6,900,000 551.31 176.00 15.54

CA Inc (CA-O) Technology 16,800,000 383.71 78.72 10.81


General Motors Co (GM-N) Consumer Discretionary 7,253,802 220.23 130.65 6.21

CIT Group Inc (CIT-N) Financials 4,400,000 194.74 26.44 5.49


Varian Semiconductor Equipment Associates Inc (VSEA-O) Technology 2,000,000 122.88 Buy-In 3.46

MeadWestvaco Corp (MWV-N) Materials 3,450,000 114.92 430.77 3.24

Marathon Oil Corp (MRO-N) Energy 2,000,000 105.36 81.82 2.97


NYSE Euronext (NYX-N) Financials 2,500,000 85.68 733.33 2.41

Tiger Global Management, L.L.C.


Holdings

Value

($MM)

% Change in


Yandex NV (YNDX-O) Technology 54,058,062 1,919.60 Buy-In 30.58



Liberty Global Inc (LBTYA-O) Consumer Discretionary 7,025,000 316.41 8.36 5.04

Netflix Inc (NFLX-O) Technology 1,030,000 270.57 23.80 4.31


Cablevision Systems Corp (CVC-N) Consumer Discretionary 5,871,344 212.60 3.22 3.39

Mastercard Inc - Underlying (MA-N) Financials 600,000 180.80 2.56 2.88

Priceline.com Inc (PCLN-O) Technology 322,634 165.17 (33.31) 2.63

Visa Inc (V-N) Financials 1,896,707 159.82 25.73 2.55

ValueAct Capital Management, L.P.


Holdings

Value

($MM)

% Change in


Motorola Solutions Inc - Underlying (MSI-N) Technology 20,537,900 945.56 414.67 16.54

Valeant Pharmaceuticals International Inc (VRX-N) Health Care 15,095,302 785.87 (22.96) 13.75

C R Bard Inc (BCR-N) Health Care 4,611,139 506.58 0.00 8.86

Moodys Corp (MCO-N) Consumer Discretionary 11,051,970 423.84 33.56 7.41

Sara Lee Corp (SLE-N) Consumer Staples 20,404,523 387.48 (25.54) 6.78

Willis Group Holdings PLC (WSH-N) Financials 8,578,410 352.66 0.00 6.17

Verisign Inc (VRSN-O) Technology 8,246,369 275.92 (17.92) 4.83

Gartner Inc (IT-N) Consumer Discretionary 5,080,013 204.67 (28.35) 3.58

Immucor Inc (BLUD-O) Health Care 8,913,336 182.01 0.00 3.18

Alere Inc (ALR-N) Health Care 4,260,497 156.02 0.00 2.73

Viking Global Investors LP


Holdings

Value

($MM)

% Change in


Invesco Ltd (IVZ-N) Financials 30,559,442 715.09 24.09 5.98

Time Warner Cable Inc (TWC-N) Consumer Discretionary 9,058,812 706.95 17.32 5.91

Estee Lauder Cos Inc (EL-N) Consumer Staples 5,492,824 577.79 (20.51) 4.83

Priceline.com Inc (PCLN-O) Technology 989,440 506.52 9.13 4.24

News Corp (NWSA-O) Consumer Discretionary 27,358,266 484.24 36.28 4.05

LyondellBasell Industries NV (LYB-N) Materials 11,800,693 454.56 204.26 3.80

Amazon.com Inc - Underlying (AMZN-O) Technology 2,031,800 415.48 388.30 3.47

JPMorgan Chase & Co - Underlying (JPM-N) Financials 9,539,400 390.54 (5.68) 3.27

Sherwin-Williams Co (SHW-N) Consumer Discretionary 4,012,931 336.56 (27.31) 2.81


York Capital Management


Holdings

Value

($MM)

% Change in



Dollar Thrifty Automotive Group Inc (DTG-N) Consumer Staples 5,500,883 405.64 31.80 9.30

Hertz Global Holdings Inc (HTZ-N) Industrials 21,001,418 333.50 32.44 7.65

Tyco International Ltd - Underlying (TYC-N) Diversified 5,467,205 270.24 37.19 6.20

Ivanhoe Mines Ltd (IVN-N) Materials 9,333,961 236.13 26.88 5.42

Fortune Brands Inc (FO-N) Diversified 3,612,509 230.37 (6.25) 5.28

W R Grace and Co (GRA-N) Materials 4,888,991 223.08 1.07 5.12

Petsmart Inc (PETM-O) Consumer Discretionary 2,966,742 134.60 15.99 3.09

Centerpoint Energy Inc (CNP-N) Utilities 6,625,900 128.21 Buy-In 2.94

Walter Energy Inc (WLT-N) Materials 1,066,327 123.48 21.69 2.83

Rockwood Holdings Inc (ROC-N) Materials 2,229,400 123.26 Buy-In 2.83


Quarter over Quarter Holdings of All Hedge Funds (by Sector)

Last 8 Quarters

Consumer Discretionary, $130,227.1

Consumer Staples, $32,343.9

Energy, $55,941.7

Financials, $92,575.9

Health Care, $76,823.3

Industrials, $46,964.9

Materials, $43,603.9

Technology, $123,176.1

Telecommunication Services, $15,827.5

Utilities, $20,575.4

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

Holdings Value Change by Sector(USD Millions)

Consumer Discretionary Consumer Staples EnergyFinancials Health Care IndustrialsMaterials Technology Telecommunication ServicesUtilities

Consumer Discretionary, 147.4

Consumer Staples, 119.8

Energy, 165.1

Financials, 124.9

Health Care, 97.7

Industrials, 149.2

Materials, 155.7

Technology, 148.1

Telecommunication Services, 109.1

Utilities, 131.6

70.00

80.00

90.00

100.00

110.00

120.00

130.00

140.00

150.00

160.00

170.00

180.00

Sep-09 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11

Percentage Change in Holdings by Sector

Consumer Discretionary Consumer Staples EnergyFinancials Health Care IndustrialsMaterials Technology Telecommunication ServicesUtilities


Methodology Used in Generating Analysis

Source of Data

~ Thomson Reuters Global Equity Ownership Database ("OP")

~ Data collected from owners' SEC Form 13F filings

~ Form 13F:

General

~ Holdings Values are based on the respective quarter-end prices

~ Sometimes an owner might hold multiple classes of securities of a single company (e.g., Class A, Class B Common, Preferred).

Differences in these securities will be indicated by the ticker symbol that follows the company name.

~ Except for the "Stocks Held" figures for "Top Firms", holdings in securities flagged with a micro sector of "mutual fund" are ignored

Top Firms

~ Ranking is based on Equity Assets under Management.

~ Only those firms holding 200 or fewer stocks are considered.

~ Equity Assets and Number of Stocks Held figures are for all of a firm's holdings, not just those disclosed on the form 13F

Top 10 Increases in Existing Positions

~ Based on aggregate share change for the top owners as a group

~ Includes only those securities where one or more of the owners held the security in the prior quarter

Top 10 Decreases in Existing Positions

~ Based on aggregate share change for the top owners as a group

~ Includes only those securities where one or more of the owners held the security in the prior quarter

Top 10 New Positions

~ Represents the purchase of securities not held by any of the top owners during the prior quarter

Top 10 Sell-Outs

~ Represents the complete sell-out of a security by the top owners as a group

~ Excludes sell-outs that occurred in connection with the delisting of securities

Top 100 Holdings

~ Based on the USD value of holdings by the top owners as a group in each security

~ # of Owners: Total number of top owners holding the security as of the quarter-end

~ % of Total Holdings: Holdings in security as a percentage of total USD value of aggregated portfolios of top owners

Top 10 Holdings By Owner

~ Based on Holdings Value

~ "% of Holdings" = Holdings Value divided by Total Equity Assets of firm (as reported on the "Summary" tab)

Graph: Portfolio Breakdown by Sector

~ Based on aggregate USD holdings of all hedge fund owners (not just top 30), as a group, in each sector

~ For latest reported quarter

~ Excludes Exchange-Traded Funds (ETFs)

Graph: Sector Movement between Current and Prior Quarters

~ Based on change in aggregate USD holdings of all hedge fund owners (not just top 30), as a group, in each sector between current and prior quarters

~ Excludes Exchange-Traded Funds (ETFs)

Graph: Percentage Change in Holdings by Sector

~ Represents percent change in total USD value of holdings by all hedge fund owners (not just top 30), as a group, in each sector

~ Data range is a rolling eight (8) quarters

~

Form filed with the U.S. Securities and Exchange Commission (SEC) on a quarterly basis by institutional investment managers that exercise

discretion over accounts with combined equity assets exceeding $100 million. The Form 13F must be filed within 45 days after the close of

each calendar quarter. Institutions must itemize their common, convertible preferred and convertible bond holdings. Equity holdings below

10,000 shares and less than $200,000 in principal amount and market value are exempt.


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Analysis of Holdings by Top 30 Hedge Funds Q2...

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