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 |
AGN
Allergan Inc
AGN
|
+$872M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$815M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$524M |
| 4 |
CIE
Cobalt International Energy, Inc
CIE
|
+$249M |
| 5 |
QCOR
QUESTCOR PHARMA INC
QCOR
|
+$193M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Airlines Group
AAL
|
+$445M |
| 2 |
PXD
Pioneer Natural Resource Co.
PXD
|
+$206M |
| 3 |
Freeport-McMoran
FCX
|
+$165M |
| 4 |
Thermo Fisher Scientific
TMO
|
+$157M |
| 5 |
HES
Hess
HES
|
+$145M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 22.61% |
| 2 | Communication Services | 18.76% |
| 3 | Consumer Discretionary | 11.18% |
| 4 | Energy | 10.62% |
| 5 | Financials | 7.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
SPDR Gold Trust
GLD
$152B
| $1.31B | 5.68% |
10,234,852
| – | – |
|
|
STAY
2
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $1.29B | 5.59% |
55,711,591
| – | – |
|
|
AGN
3
DELISTED
Allergan Inc
AGN
| $948M | 4.11% |
+5,602,000
| New | +$872M |
|
4
Vodafone
VOD
$36.9B
| $892M | 3.86% |
26,707,408
-1,812,881
| -6% | -$64.2M |
|
|
GRFS
5
Grifois
GRFS
$5.44B
| $864M | 3.74% |
39,210,362
-419,252
| -1% | -$8.77M |
|
|
DTV
6
DELISTED
DIRECTV COM STK (DE)
DTV
| $850M | 3.68% |
+10,000,000
| New | +$815M |
|
|
SHPG
7
DELISTED
Shire pic
SHPG
| $793M | 3.44% |
3,366,539
+836,685
| +33% | +$145M |
|
|
TWC
8
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $758M | 3.29% |
5,148,340
-828,751
| -14% | -$116M |
|
|
WLL
9
DELISTED
Whiting Petroleum Corporation
WLL
| $758M | 3.29% |
31,491
| – | – |
|
|
CIE
10
DELISTED
Cobalt International Energy, Inc
CIE
| $752M | 3.26% |
2,731,073
+914,020
| +50% | +$249M |
|
|
AET
11
DELISTED
Aetna Inc
AET
| $648M | 2.81% |
7,989,506
| – | – |
|
|
COV
12
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $631M | 2.74% |
+7,000,000
| New | +$524M |
|
13
Viatris
VTRS
$18.7B
| $625M | 2.71% |
12,130,700
| – | – |
|
14
MGM Resorts International
MGM
$11B
| $594M | 2.57% |
22,486,500
-1,228,200
| -5% | -$30.7M |
|
|
HMHC
15
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $592M | 2.57% |
30,912,558
| – | – |
|
16
Chord Energy
CHRD
$8.09B
| $553M | 2.4% |
9,892,500
| – | – |
|
|
S
17
DELISTED
Sprint Corporation
S
| $547M | 2.37% |
64,113,200
| – | – |
|
|
MNK
18
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $538M | 2.33% |
6,724,800
+1,088,000
| +19% | +$78.8M |
|
|
FDO
19
DELISTED
FAMILY DOLLAR STORES
FDO
| $530M | 2.3% |
8,020,000
+1,550,000
| +24% | +$93.4M |
|
20
AngloGold Ashanti
AU
$61.3B
| $458M | 1.98% |
26,585,100
-1,300,000
| -5% | -$22.2M |
|
|
HOUS
21
DELISTED
Anywhere Real Estate
HOUS
| $453M | 1.96% |
12,000,000
| – | – |
|
22
T-Mobile US
TMUS
$196B
| $442M | 1.92% |
13,157,800
-3,040,200
| -19% | -$98.2M |
|
23
Equinix
EQIX
$105B
| $438M | 1.9% |
2,087,000
| – | – |
|
24
Verizon
VZ
$205B
| $428M | 1.85% |
8,742,725
| – | – |
|
|
25
Thermo Fisher Scientific
TMO
$233B
| $381M | 1.65% |
3,225,000
-1,330,000
| -29% | -$157M |
|
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John Paulson's Q2 2014 Portfolio in Review
As of Q2 2014, John Paulson held 91 positions worth $23.1B, up 13% from $20.4B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
John Paulson deployed $1.48B of net new capital in Q2 2014, opening 11 new positions and adding to 9 existing holdings. Its largest new stake was Allergan Inc: 5,602,000 shares worth $948M.
By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 16% a quarter earlier, followed by Communication Services and Consumer Discretionary.
On the sell side, the largest reduction was Freeport-McMoran, an estimated $165M trimmed.
- John Paulson's largest Q2 2014 buy was Allergan Inc: 5,602,000 shares worth $948M.
- John Paulson added most to Cobalt International Energy, Inc in Q2 2014, an estimated $249M increase.
- John Paulson's biggest Q2 2014 reduction was Freeport-McMoran, cutting an estimated $165M.
- John Paulson fully exited American Airlines Group in Q2 2014, selling an estimated $445M.
- John Paulson's ten largest holdings make up 40% of its $23.1B portfolio in Q2 2014.
- John Paulson opened 11 new positions and closed 9 in Q2 2014.
- John Paulson's portfolio value rose 13% quarter-over-quarter to $23.1B.
Based on Paulson & Co's 13F filing for Q2 2014, filed 14 Aug 2014.