Lansdowne Partners Buys CIT, AIG, BofA and Facebook

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The 13f filing of Lansdowne Partners, the investment management firm co-managed by Sir Paul Ruddock and Steve Heins the Securities and Exchange Commission (SEC) showed that its top holding for the fourth quarter of 2012 include JPMorgan Chase & Co. (NYSE:JPM), NIKE, Inc. (NYSE:NKE), Wells Fargo & Company (NYSE:WFC), Google Inc (NASDAQ:GOOG), and Accenture Plc (NYSE:ACN).

Lansdowne Partners

JP Morgan Chase accounts for 14.35 percent of its portfolio or 19,640,607 shares and Wells Fargo & Company (NYSE:WFC) represents 10.2 percent or 17,953,460 shares. Nike accounts for 10.92 percent or 12,735,980 shares, Google 10.1 percent or 858,730 shares, and Accenture 8.1 percent or 7,325,230 shares.

During the quarter, the total amount of Lansdowne Partners assets under management by climb from more than $4.96 billion to more than $6 billion. The investment management firm’s portfolio is highly concentrated in the financial, services and consumer goods sectors, which represent 34.5 percent of its portfolio, 33.8 percent, and 20.2 percent, respectively. Its investments in the technology sector account 10.4 percent of its portfolio.

Lansdowne Partners bought 11 new stocks during the four quarter including: 26,511,080 shares of Bank of America Corp (NYSE:BAC), 156,100 shares of CIT Group Inc. (NYSE:CIT), 547,300 shares of Capital One Financial Corp. (NYSE:COF), 307,500 shares of Alexza Pharmaceuticals, Inc. (NASDAQ:ALXA), 196,828 shares of Facebook Inc (NASDAQ:FB), and 284,883 shares Limited Brands, Inc. (NYSE:LTD).

The investment management firm also acquired 829, 313 shares of PHH Corporation (NYSE:PHH), 324,939 shares of PennyMac Mortgage Investment Trust (NYSE:PMT), 499, 764 shares of Ryanair Holdings plc (NASDAQ:RYAAY), 500,000 shares of Silver Bay Realty Trust Corp (NYSE:SBY), and 657,829 shares of Walter Investment Management Corp (NYSE:WAC).

Lansdowne Partners boosted its stake in American International Group, Inc. (NYSE:AIG) by 31,434 shares,, Inc. (NASDAQ:AMZN) by 673,685 shares, Comcast Corporation (NASDAQ:CMCSA) by 4,635,860 shares, Cytokinetics, Inc. (NASDAQ:CYTK) by 823, 355 shares, Manchester United by 449, 932 shares, and The Coca-Cola Company (NYSE:KO) by 1,183,348 shares.

The investment management firm reduced its holdings in The Blackstone Group L.P. (NYSE:BX) by 651,397 shares, Cymer, Inc. (NASDAQ:CYMI) by 397,466 shares, and Nationstar Mortgage Holdings Inc (NYSE:NSM) by 68,117 shares. It sold out its stakes in Intel Corporation (NASDAQ:INTC), International Business Machines Corp. (NYSE:IBM), Morgan Stanley (NYSE:MS), Ocwen Financial Corporation (NYSE:OCN), and iShares MSCI Emerging Markets Indx (ETF) (NYSEARCA:EEM).

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