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 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$703M |
| 2 |
TLM
TALISMAN ENERGY INC
TLM
|
+$440M |
| 3 |
WLL
Whiting Petroleum Corporation
WLL
|
+$209M |
| 4 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$198M |
| 5 |
AGN
Allergan Inc
AGN
|
+$197M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vodafone
VOD
|
+$878M |
| 2 |
AbbVie
ABBV
|
+$751M |
| 3 |
AET
Aetna Inc
AET
|
+$631M |
| 4 |
FDO
FAMILY DOLLAR STORES
FDO
|
+$419M |
| 5 |
KOG
KODIAK OIL & GAS CORP
KOG
|
+$353M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 38.22% |
| 2 | Communication Services | 14.87% |
| 3 | Consumer Discretionary | 8.65% |
| 4 | Energy | 7.88% |
| 5 | Technology | 5.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SHPG
1
DELISTED
Shire pic
SHPG
| $1.77B | 9.14% |
8,328,304
-717,696
| -8% | -$152M |
|
|
AGN
2
DELISTED
Allergan Inc
AGN
| $1.35B | 6.99% |
6,370,000
+992,800
| +18% | +$197M |
|
|
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $1.32B | 6.83% |
8,696,000
+1,370,400
| +19% | +$198M |
|
4
SPDR Gold Trust
GLD
$152B
| $1.16B | 6% |
10,234,852
| – | – |
|
|
COV
5
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $1.03B | 5.31% |
10,047,500
-2,547,500
| -20% | -$244M |
|
|
DTV
6
DELISTED
DIRECTV COM STK (DE)
DTV
| $988M | 5.1% |
11,400,000
+1,000,000
| +10% | +$86M |
|
|
STAY
7
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $920M | 4.75% |
47,661,591
| – | – |
|
|
MNK
8
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $892M | 4.61% |
9,012,293
+12,293
| +0.1% | +$1.13M |
|
9
Viatris
VTRS
$18.7B
| $843M | 4.35% |
14,948,400
+2,453,700
| +20% | +$132M |
|
|
SLXP
10
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $667M | 3.45% |
+5,806,000
| New | +$703M |
|
|
HMHC
11
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $640M | 3.31% |
30,912,558
| – | – |
|
|
GRFS
12
Grifois
GRFS
$5.44B
| $605M | 3.12% |
35,584,280
-3,625,682
| -9% | -$62.4M |
|
|
TLM
13
DELISTED
TALISMAN ENERGY INC
TLM
| $549M | 2.84% |
+70,000,000
| New | +$440M |
|
|
WLL
14
DELISTED
Whiting Petroleum Corporation
WLL
| $444M | 2.29% |
44,838
+13,687
| +44% | +$209M |
|
15
T-Mobile US
TMUS
$196B
| $413M | 2.13% |
15,337,700
+319,900
| +2% | +$8.84M |
|
|
HOUS
16
DELISTED
Anywhere Real Estate
HOUS
| $410M | 2.12% |
9,225,000
-2,775,000
| -23% | -$115M |
|
17
Equinix
EQIX
$105B
| $409M | 2.11% |
1,801,800
-370,600
| -17% | -$80.1M |
|
|
AGN
18
DELISTED
Allergan plc
AGN
| $402M | 2.07% |
1,560,601
+498,401
| +47% | +$125M |
|
|
CIE
19
DELISTED
Cobalt International Energy, Inc
CIE
| $371M | 1.92% |
2,783,407
-6,900
| -0.2% | -$1.05M |
|
20
HCA Healthcare
HCA
$92.9B
| $346M | 1.79% |
4,711,900
-1,357,700
| -22% | -$95.4M |
|
|
CVC
21
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $283M | 1.46% |
13,706,441
-5,512,559
| -29% | -$105M |
|
22
Popular Inc
BPOP
$10.8B
| $257M | 1.33% |
7,560,000
-1,521,548
| -17% | -$47.7M |
|
23
AngloGold Ashanti
AU
$61.3B
| $228M | 1.18% |
26,205,400
-364,900
| -1% | -$3.44M |
|
|
CZR
24
DELISTED
Caesars Entertainment Corporation
CZR
| $214M | 1.1% |
13,608,300
+443,600
| +3% | +$5.93M |
|
25
Alibaba
BABA
$286B
| $198M | 1.02% |
1,925,277
+22,777
| +1% | +$2.34M |
|
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John Paulson's Q4 2014 Portfolio in Review
As of Q4 2014, John Paulson held 78 positions worth $19.4B, down 20% from $24.1B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
John Paulson withdrew a net $3.99B in Q4 2014, closing 15 positions and reducing 29 holdings. Its most notable exit was Vodafone, an estimated $878M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 38% of assets, up from 33% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, John Paulson opened a new position in SALIX PHARMACEUTICALS LTD DEL worth $667M.
- John Paulson's largest Q4 2014 buy was SALIX PHARMACEUTICALS LTD DEL: 5,806,000 shares worth $667M.
- John Paulson added most to Whiting Petroleum Corporation in Q4 2014, an estimated $209M increase.
- John Paulson's biggest Q4 2014 reduction was FAMILY DOLLAR STORES, cutting an estimated $419M.
- John Paulson fully exited Vodafone in Q4 2014, selling an estimated $878M.
- John Paulson's ten largest holdings make up 57% of its $19.4B portfolio in Q4 2014.
- John Paulson opened 3 new positions and closed 15 in Q4 2014.
- John Paulson's portfolio value fell 20% quarter-over-quarter to $19.4B.
Based on Paulson & Co's 13F filing for Q4 2014, filed 17 Feb 2015.