John Paulson Paulson & Co
John Paulson is the founder of Paulson & Co., a firm that became world-famous for profits related to the 2007–2008 housing and credit crisis. Beyond that landmark trade, the firm has pursued merger arbitrage, event-driven, and opportunistic credit and equity strategies. Paulson remains one of the most recognized names in modern hedge fund history.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SHPG
Shire pic
SHPG
|
+$1.41B |
| 2 |
AbbVie
ABBV
|
+$722M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$496M |
| 4 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$323M |
| 5 |
PETM
PETSMART INC
PETM
|
+$290M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Thermo Fisher Scientific
TMO
|
+$381M |
| 2 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$213M |
| 3 |
QCOR
QUESTCOR PHARMA INC
QCOR
|
+$208M |
| 4 |
Freeport-McMoran
FCX
|
+$193M |
| 5 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$191M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 33.38% |
| 2 | Communication Services | 17.45% |
| 3 | Energy | 9.96% |
| 4 | Consumer Discretionary | 9.52% |
| 5 | Financials | 5.44% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
KOG
26
DELISTED
KODIAK OIL & GAS CORP
KOG
| $353M | 1.46% |
25,986,500
| – | – |
|
|
ATHL
27
DELISTED
ATHLON ENERGY INC COM
ATHL
| $338M | 1.4% |
+5,800,000
| New | +$269M |
|
|
CVC
28
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $337M | 1.4% |
19,219,000
| – | – |
|
29
AngloGold Ashanti
AU
$61.3B
| $319M | 1.32% |
26,570,300
-14,800
| -0.1% | -$242K |
|
|
PETM
30
DELISTED
PETSMART INC
PETM
| $292M | 1.21% |
+4,165,000
| New | +$290M |
|
31
Popular Inc
BPOP
$10.8B
| $267M | 1.11% |
9,081,548
+236,100
| +3% | +$7.53M |
|
|
AGN
32
DELISTED
Allergan plc
AGN
| $256M | 1.06% |
1,062,200
+762,200
| +254% | +$171M |
|
33
Dollar General
DG
$27.2B
| $250M | 1.04% |
4,090,000
| – | – |
|
|
BAC.WS.A
34
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $203M | 0.84% |
27,030,552
-15,600
| -0.1% | -$110K |
|
35
Alibaba
BABA
$286B
| $169M | 0.7% |
+1,902,500
| New | +$171M |
|
|
CZR
36
DELISTED
Caesars Entertainment Corporation
CZR
| $166M | 0.69% |
13,164,700
-529,000
| -4% | -$7.72M |
|
37
Radian Group
RDN
$4.84B
| $162M | 0.67% |
11,386,500
| – | – |
|
38
MGIC Investment
MTG
$6.34B
| $129M | 0.54% |
16,562,000
| – | – |
|
39
TIM SA
TIMB
$8.52B
| $120M | 0.5% |
4,570,600
-724,700
| -14% | -$19.6M |
|
40
Hartford Financial Services
HIG
$36.9B
| $120M | 0.5% |
3,208,116
-1,260,554
| -28% | -$45.6M |
|
|
AUXL
41
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $119M | 0.5% |
4,000,000
| – | – |
|
|
CACQ
42
DELISTED
Caesars Acquisition Company
CACQ
| $117M | 0.48% |
12,310,240
| – | – |
|
43
NovaGold Resources
NG
$3.83B
| $108M | 0.45% |
35,809,914
| – | – |
|
|
TAM
44
DELISTED
TAMINCO CORP COM
TAM
| $98.8M | 0.41% |
+3,784,000
| New | +$88.1M |
|
|
RKT
45
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $76.1M | 0.32% |
1,600,000
| – | – |
|
|
WLH
46
DELISTED
WILLIAM LYON HOMES
WLH
| $73.4M | 0.3% |
3,322,666
| – | – |
|
47
Bausch Health
BHC
$2.41B
| $68.3M | 0.28% |
520,700
+20,400
| +4% | +$2.43M |
|
48
Post Holdings
POST
$3.65B
| $63.9M | 0.27% |
2,942,011
+115,211
| +4% | +$3.07M |
|
|
WWAV
49
DELISTED
The WhiteWave Foods Company
WWAV
| $58.2M | 0.24% |
1,602,501
+1
| +0% | +$33 |
|
50
Aptiv
APTV
$10B
| $49.1M | 0.2% |
800,000
-800,000
| -50% | -$54.8M |
|
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John Paulson's Q3 2014 Portfolio in Review
As of Q3 2014, John Paulson held 89 positions worth $24.1B, up 4.4% from $23.1B the previous quarter. Its ten largest holdings account for 46% of the portfolio.
John Paulson deployed $2.08B of net new capital in Q3 2014, opening 7 new positions and adding to 17 existing holdings. Its largest new stake was AbbVie: 13,000,000 shares worth $751M.
By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 23% a quarter earlier, followed by Communication Services and Energy.
On the sell side, the largest reduction was FAMILY DOLLAR STORES, an estimated $191M trimmed.
- John Paulson's largest Q3 2014 buy was AbbVie: 13,000,000 shares worth $751M.
- John Paulson added most to Shire pic in Q3 2014, an estimated $1.41B increase.
- John Paulson's biggest Q3 2014 reduction was FAMILY DOLLAR STORES, cutting an estimated $191M.
- John Paulson fully exited Thermo Fisher Scientific in Q3 2014, selling an estimated $381M.
- John Paulson's ten largest holdings make up 46% of its $24.1B portfolio in Q3 2014.
- John Paulson opened 7 new positions and closed 14 in Q3 2014.
- John Paulson's portfolio value rose 4.4% quarter-over-quarter to $24.1B.
Based on Paulson & Co's 13F filing for Q3 2014, filed 14 Nov 2014.