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NEW YORK (

TheStreet

) -- Marsico Capital Management, a $47 billion money manager formerly owned by

Bank of America

(BAC)

, cut back on holdings of several big financial stocks, according to its latest quarterly filing with the

Securities and Exchange Commission

.

As of Septermber 30, Marsico had dumped its entire allocation to

American Express

(AXP)

, which had totaled nearly 7 million shares worth some $273 million at the end of June. Marsico also unloaded more than 20 million shares of

JPMorgan Chase

(JPM)

, cutting the firm's stake to about 1.8 million shares worth some $71 million at the end of September.

Perhaps Marsico's most notable move, however, came outside the sector, when the fund manager dumped more than $1 billion worth of

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Class A shares.

Marsico also pared its stake in

PNC Financial

(PNC)

by over a million shares, though the money manager still holds an outsized stake of nearly 15 million shares worth almost $765 million at the end of September. Marsico also cut back his allocation to

Citigroup

(C)

, though it was relatively tiny to begin with.

One financial stock Marsico added to significantly is

Goldman Sachs

(GS)

. The money manager upped its stake to more than 3.8 million shares from about 2.65 million in the previous quarter. It also established a new position in

CME Group

(CME)

, picking up more than 60,000 shares valued at nearly $16 million at quarter's end.

A call to Tom Marsico, founder of the Denver-based money manager, was not returned.

--

Written by Dan Freed in New York

.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.