John Paulson

John Paulson

Last Update: 05-26-2016

Number of Stocks: 94
Number of New Stocks: 21

Total Value: $13,199 Mil
Q/Q Turnover: 7%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

John Paulson Watch

  • John Paulson Bets Big on Office Depot

    Guru John Paulson (Trades, Portfolio), founder of Paulson & Co., purchased 7,809,600 shares of Office Depot (NASDAQ:ODP) in the first quarter.


    Office Depot has a market cap of $1.91 billion, a P/E ratio of 346.00, an enterprise value of $2.5 billion and a P/B ratio of 1.13.

      


  • John Paulson's Top 4 New Buys Not Health Care or Gold

    John Paulson (Trades, Portfolio) kept the majority of his long portfolio in health care in the first quarter though his top new buys came from a variety of industries.


    In total, Paulson added 21 new positions to his portfolio. His 94 combined holdings were valued at $13.2 billion as of March 31. Fifty-six percent of the stocks are from the health care sector, most of which are likely part of his health care fund. All four of his top holdings are health care companies: Allergan Plc (NYSE:AGN), Shire Plc (NASDAQ:SHPG), Teva Pharmaceutical (NYSE:TEVA) and Mylan NV (NASDAQ:MYL).

      


  • John Paulson Trims Time Warner Cable, Starwood Hotels

    John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. During the first quarter he reduced or closed his shares in many stocks.


    The investor reduced his stake in Time Warner Cable Inc. (TWC) by 69.18% with an impact of -4.64% on the portfolio.

      


  • Insider Trades of the Week

    The All-in-One Screener can be used to find insider buys and sells over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "April 2016."


    According to the above filters, the following are recent buys and sells from company insiders in the past week.

      


  • John Paulson Sells More Than 2.5 Million Shares of Gold Exploration Company

    For the second time in 2016, John Paulson (Trades, Portfolio) of Paulson & Co. has reduced his stake in Novagold Resources Inc. (NG), a Vancouver, British Columbia-based gold exploration company.


    Paulson sold 2,563,543 shares for $5.41 per share on April 8, trimming his stake by more than 7%. On Feb. 11, the guru sold 100,300 shares. Paulson hasn’t added to the stake since the second quarter of 2012, when he bought more than 4 million shares.

      


  • Pfizer-Allergan Merger Collapse Hurts Some Funds but Is Boosting Others

    When Pfizer Inc. (NYSE:PFE) and Allergan Plc (NYSE:AGN) announced their proposed merger deal collapsed on April 6, so too did the hopes of several influential hedge fund managers who staked much capital on its success, but some investors have seen benefits.


    Both companies had been working toward the $160 billion merger since December, which would have re-introduced a focus on dermatology to Pfizer and created the world’s largest drug company. It would also have famously moved the headquarters to Ireland, where the corporate tax rate is 18% compared to 35% in the U.S.

      


  • Time To Buy Allergan

    Allergan (NYSE:AGN) stock has dropped a lot because of rumors Pfizer (NYSE:PFE) will walk away from their deal.


    Pfizer made no attempt to pretend the deal was about anything but lowering its tax bill by relocating its headquarters to Ireland, Allergan’s homestead. The Irish tax rate compares favorably to the U.S. at 12.5%; when you are making billions in profits, it’s worth it to pay a couple of lawyers to figure it out. It seems the U.S. Treasury is now inventing new ways to apply rules just to spite Pfizer, and it looks like that’s working.

      


  • John Paulson Trims Stake in Allergan, Time Warner Cable

    John Paulson (Trades, Portfolio) established Paulson & Co. Inc. as a merger arbitrage hedge fund manager, seeking to make money from situations when one public company announces plans to take over another. During the fourth quarter, he sold many stocks including the following.


    Paulson trimmed his stake in Allergan PLC (AGN) by 22.97%, and the deal had an impact of -2.4% on the portfolio.

      


  • John Paulson Adds to Overseas Shipholding

    Guru John Paulson (Trades, Portfolio) added 10% to his stake in Overseas Shipholding Group Inc. (OSG) in the first quarter of 2016.


    Paulson purchased the shares for an average price of $2.19, making Overseas Shipholding Group Paulson's largest holding. Paulson & Co. owns 73 stocks with a total value of $16.25 billion.

      


  • John Paulson Sells Allergan, Precision Castparts, AIG

    John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the third-largest hedge fund in the world managing approximately $29 billion in merger, event and distressed strategies. The following are the guru's largest sales during the fourth quarter of 2015.


    The investor reduced his stake in Allergan PLC (AGN) by 22.97%. The deal had an impact of -2.4% on the portfolio.

      


  • Most-Bought Small Cap Stocks During 4th Quarter

    Small cap companies are generally defined as those with capitalizations between $300 million and $2 billion. While these smaller companies tend to present more risk and volatility than larger stocks, they also have a chance of higher returns and tend to have much less coverage from analysts and the media.


    GuruFocus’ All-in-One Screener provides more than 150 filters to sort investment ideas, including a revenue filter to sort by capitalization. Using the screener, the following are four of the most popular small-cap stocks bought by the gurus during the fourth quarter.

      


  • John Paulson Urges Premier Foods to Take Buyout Offer

    John Paulson (Trades, Portfolio) has come out against Premier Foods, in which he owns a 7% stake, selling part of the company instead of taking a buyout offer.


    Premier Foods (LSE:PFD), a small-cap British food manufacturer, signed a cooperation agreement with Nissin Foods Holding Co. Tuesday and agreed to sell it 17.3% of Premier’s shares. Nissin, inventor of the instant noodle and owner of brands like Top Ramen, acquired the shares from an existing stakeholder.

      


  • John Paulson Increases Stake in Company He Backed in Bankruptcy

    John Paulson (Trades, Portfolio) has a 10% larger position in Overseas Shipholding Group Inc. as of March 16, according to GuruFocus Real Time Picks.


    The head of $19.3 billion hedge fund Paulson & Co., Paulson’s purchase added 5,642,505 shares to his firm’s existing stockholding of Overseas Shipholding Group (AMEX:OSG), which afterward totaled 62,067,587 shares. His stock represents a 16.85% stake in the company, which together with the 3,868,216 warrants he holds, amounts to 17.9% ownership.

      


  • John Paulson Raises Stake in Valeant, Teva Pharmaceutical

    John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the third-largest hedge fund in the world managing approximately $29 billion in merger, event and distressed strategies. During the fourth quarter, the guru bought the following stocks.


    Paulson raised his stake in Valeant Pharmaceuticals International Inc. (VRX) by 49.22% and the deal had an impact of 2.74% on the portfolio.

      


  • Guru Stocks That Are Outperforming the S&P 500

    The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter.


    Cablevision Systems Corp. (CVC) has a market cap of $9.1 billion, and during the last 12 months has outperformed the S&P 500 Index by 88.3%. Currently six gurus are holding the company that has returned 4% year-to-date and 35% during the last five years. It is now trading with a P/E ratio of 52.21 and according to the DCF calculator, it looks overpriced by 359%.

      


  • Pershing Square Gains Board Seat on Valeant

    Activist investor Bill Ackman (Trades, Portfolio) of Pershing Square has landed a representative on the board of Valeant Pharmaceuticals (NYSE:VRX), the controversy-ridden company whose stock has tanked over the past year, possibly giving investors hope that Pershing can orchestrate a turnaround.


    Valeant announced Wednesday that Pershing Vice Chairman Stephen Fraidin will join Valeant’s board of directors, which expanded from 12 to 14 seats, along with Fred Eshelman, who founded Furiex Pharmaceuticals (NASDAQ:FURX), and Thomas Ross, president emeritus of the University of North Carolina.

      


  • Eric Mindich Sells Perrigo, Microsoft and Adobe

    Eric Mindich (Trades, Portfolio), who started working at Goldman Sachs after high school and spent summers at the firm while earning a degree in economics at Harvard, manages a portfolio composed of 36 stocks with a total value of $6.35 billion. The following are his largest sales during the fourth quarter.


    The guru reduced his stake in Perrigo Co. PLC (PRGO) by 71.77%. The deal had an impact of -5.87% on the portfolio.

      


  • John Paulson Purchases 5 Million Shares of Lam Research Corp.

    Guru John Paulson (Trades, Portfolio) was born in Queens, New York in 1955. Paulson graduated with a bachelor's from New York University, then went on to attend Harvard Business School, where he earned an MBA in 1980.


    After graduation, Paulson began his investment career at Boston Consulting Group where he conducted research, providing advice to companies. Paulson then worked for Odyssey Partners and then for Bear Stearns working in the mergers and acquisitions department for the company. In 1994, Paulson decided that wanted to go big with his ideas and he founded Paulson & Co. with $2 million.

      


  • John Paulson Increases Bet on Health Care for 7th Quarter

    As 13F filings rolled in this week, the most notable revelation of John Paulson (Trades, Portfolio)’s was his reduction of his SPDR Gold Trust (GLD) stake, a mainstay of his portfolio for years, at a significant loss. Paulson, the head of hedge fund Paulson & Co., in his next most prominent move increased his holding of health care stocks for the seventh consecutive quarter. The sector made up more than 57% of his long portfolio, compared to 48.3% the previous quarter.


    The expansion in the sector may relate to Paulson’s opening of a new long-short fund focused on health care, pharmaceuticals and related companies, which he announced in a letter, CNBC reported in June. Paulson named his health care expert Guy Levy as its portfolio manager. He already had large interest in the sector prior to the announcement, with five of his top stocks related to health care in the quarter ended March 31, 2015.

      


  • John Paulson, Icahn Pick to Join AIG Board

    Insurance giant American International Group Inc. (NYSE:AIG) today announced that it would expand its board of directors to accommodate two new seats and nominated fund managers John Paulson (Trades, Portfolio) and Samuel Merksamer to fill them.


    The board of directors agreed to increase its number of seats from 14 to 16 and to vote on Paulson, the president of Paulson & Co. and Merksamer, managing director of Icahn Capital LP, at the 2016 annual meeting of shareholders in May.

      


  • Valeant's Share Price Continues to Decline

    Valeant Pharmaceuticals Inc. (NYSE:VRX), one of the best specialty drugmakers, has been trading down since September 2015 when the last rally was seen. Since then, the stock plunged to less than half of its value.


      


  • Guru Stocks That Have Outperformed S&P 500

    The following are some of the stocks that outperformed the S&P 500 Index over the last 12 months and have been bought by gurus during the last quarter.


    JetBlue Airways Corp. (JBLU) has a market cap of $6.78 billion, and during the last 12 months has outperformed the S&P 500 Index by 38.1%. Six gurus are currently holding the company.

      


  • Dow-DuPont Merger Rates High on Paulson Checklist

    On Dec. 11, Dow Chemical (NYSE:DOW) and DuPont (NYSE:DD) announced both its boards had approved an all-stock merger of equals that will create a combined company called DowDuPont, which will have a market cap of $130 billion as of the announcement.

    GuruFocus provides several checklists on each stock page that allows users to analyze companies and save their checklists on the website. Along with a customized checklist feature, one of the predefined lists is John Paulson (Trades, Portfolio)’s Merger Arbitrage Checklist. Paulson’s investment firm specializes in event-driven situations, including mergers and acquisitions.  


  • Always Channel Your Inner Unfrozen Caveman Lawyer

    The Unfrozen Caveman Lawyer was a character from an SNL skit. Phil Hartman played a caveman who fell into a crevasse and was frozen, then later thawed out by scientists. He went on to law school and became the Unfrozen Caveman Lawyer. He was a suave, smooth lawyer who played up his caveman background with the catchphrase “your world frightens and confuses me” for comedic effect.


    When investing, you should always listen to your inner Unfrozen Caveman Lawyer. Your inner caveman is key to avoiding stock market disasters such as the saga surrounding Valeant Pharmaceuticals (VRX). When a company’s business model confuses (and maybe even frightens) you, it is a good idea to just stay away. There are thousands of stocks out there so there is no need to invest in something scary that you don’t understand.

      


  • John Paulson Sells Stake in Broadcom, Cuts Cablevision Holding

    John Paulson (Trades, Portfolio) is the president and portfolio manager of Paulson & Co. Inc. Paulson was ranked by Absolute Return Magazine as the third-largest hedge fund in the world, managing approximately $29 billion and focusing on merger, event and distressed strategies.


    The hedge fund has a portfolio composed of 61 stocks with a total value of $18,723 million. The following are the most heavily weighted sales during the third quarter.

      


  • John Paulson Keeps Gold, Buys Drug Manufacturers in Q3

    John Paulson (Trades, Portfolio) made billions in the housing crash and employs an event-driven arbitrage investing strategy at his firm Paulson & Co., where he manages about $19.5 billion. Outsized bets tend to make the manager’s returns vary to extremes. For instance, in recent years his funds lost as much as 36% for 2014, after gaining as much as 46% in 2013.


    In the third quarter, the investor started nine stock positions, holding 61 positions in total with a value of $18.7 billion. Paulson had a large bet on healthcare overall, with 48.3% of his portfolio invested in the sector.

      


  • John Paulson Increases Holding in Teva Pharmaceutical

    John Paulson is an American hedge fund manager and billionaire who founded the New York-based investment management firm Paulson & Co. in 1994. Paulson has most recently added 18,000,000 shares of Teva Pharmaceutical Industries (NYSE:TEVA), a 746.48% increase in his holding. Paulson & Co. have also bought 2,938,500 shares of Perrigo Co. PLC (NYSE:PRGO) and 7,007,346 shares of CIT Group Inc. (NYSE:CIT).


    Teva Pharmaceutical Industries was incorporated in Israel on Feb. 13, 1944. The company manufactures generic pharmaceutical products

      


  • How the Walgreens-Rite Aid Deal Stacks Up Against Paulson's Merger Arbitrage Checklist

    Walgreens Boots Alliance (NASDAQ:WBA) announced on Oct. 27 it would acquire Rite Aid (NYSE:RAD) in a deal worth more than $17 billion, combining the largest and third-largest drugstore chains in the country in terms of number of stores.


    Walgreens will pay $9.00 per share in cash — a premium of 48% from Rite Aid’s closing price on Oct. 26 — and will acquire Rite Aid’s net debt. The deal is expected to close in the second half of 2016.

      


  • Is Carl Icahn Right About AIG?

    Investors tend to shy away from taking on shares in one-stop-shops. After all, it’s generally far safer to place your faith in a meticulously focused business that’s simple to understand and easier to manage. That’s why the banking and insurance sectors have seen a record number of spinoffs over the past couple of years – and it’s also why infamously active investor Carl Icahn (Trades, Portfolio) has called for a breakup of American International Group (NYSE:AIG).


    Last week, Icahn delivered a scathing open letter to AIG’s CEO, Peter Hancock, in which he argued that AIG is simply "too big to succeed." According to Icahn, the $82 billion insurer’s status as a Systemically Important Financial Institution (SIFI) has created an “increasingly onerous regulatory burden” that is ultimately restricting the company’s overall potential. Consequently, Icahn would see AIG split its three primary businesses into separate companies: property and casualty, mortgage and life. Peter Hancock wasn’t necessarily pleased by Icahn’s letter, but the news did lift shares by 4.4% on Wednesday.

      


  • Ackman, Paulson Funds Hit by Scathing Short-Seller Report on Valeant

    Investors like Bill Ackman (Trades, Portfolio), Ruane Cunniff (Trades, Portfolio) and John Paulson (Trades, Portfolio) took hits to their portfolio today after a company published a damning reporting on one of their key holdings, Valeant Pharmaceutical (NYSE:VRX). The company’s shares plunged as much as 33% on Wednesday, after providing the investors solid paper gains this year.


      


  • An Interview With Economist Gary Shilling

    The purpose of this interview


    We sincerely believe that a proper understanding of how the economic machine works will lead to a more optimal allocation of capital. In investing, as in other fields, working hard, intelligently and in teams towards a common dream seems to have delivered better results to those who have done so. Applying the preceding process to understanding economics can be one of many other factors to differentiate the good from the great capital allocator in the future. Enabling investors to identify countries with the best growth potential in which to invest and, just as important, with asset bubbles, will enable them to profit from their consequences rather than paying for them. This interview was conducted with this idea in mind to enable you to understand the process Gary Shilling has used to identify unbalanced economic situations. Mr. Shilling also describes what he thinks will be the economic future of certain countries, and why.

      


  • American International Group One of Most Weighted Buys in Q2 2015

    The hedge fund American International Group (NYSE:AIG) in its last quarterly 13F reported a total value of its portfolio of $25 billion, with an increase of 2.94% since the previous quarter. During Q2 2015, the firm bought 341 new stocks and increased 1,794 of its existing stakes. The following are the most heavily weighted buys during the quarter.


    It bought shares of Allergan PLC (AGN) with an impact of 0.20% on its portfolio.

      


  • Hedge Fund Menta Capital's Top Stocks Include Teva Pharmaceutical, NICE Systems

    Hedge fund Menta Capital disclosed an equity portfolio valued at $612.3 million as of the end of the second quarter of 2015. The equity portfolio is mainly invested in finance (20%), technology (19%) and consumer discretionary (14%) stocks. 


    In this article, we will look into the top three picks held at the end of Q2. Of the 10 largest holdings from Menta Capital’s equity portfolio (which comprise 5.47% of the total portfolio value), the three top are: Teva Pharmaceutical Industries Limited (NYSE:TEVA), NICE Systems Ltd. (NASDAQ:NICE) and Mellanox Technologies Ltd. (NASDAQ:MLNX).

      


  • Sheets Smith Wealth Management Buys Companies With no Debts

    Sheets Smith Wealth Management is a hedge fund based in North Carolina that, on its last quarterly 13F, reported a total value of its portfolio of $365 million, with an increase of 1.02% since the previous quarter. During Q2 2015 the investment professional bought 19 new stocks and increased 84 of its existing stakes. The following are the most heavily weighted buys during the quarter.


    It bought shares of Allergan PLC (AGN) with an impact of 2.48% on its portfolio. The Investor, as well as other hedge funds such as Moody Lynn & Lieberson, Lawrence W. Kelly & Associates and M&R Capital Management, have found the company attractive, that is engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products. It also develops and out-licenses generic pharmaceutical products in Europe through its Medis third-party business. It operates in three segments, Pharma, Specialty Brands and Anda Distribution.

      


  • Moody Lynn & Lieberson Top Buys in Second Quarter

    At the end of the second quarter of 2015, hedge fund Moody Lynn & Lieberson reported a total value of its portfolio of $628 million, with no substantial changes since the previous quarter. During the quarter, it bought 35 new stocks and increased 72 of its stakes. The following are the most heavily weighted buys during the quarter.


    It bought shares of Prudential Financial Inc (PRU) with an impact of 2.35% on its portfolio. The company through its subsidiaries and affiliates offers financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. It offers these products and services to individual and institutional customers through proprietary and third party distribution networks. The company's businesses are separated into the Financial Services Businesses and the Closed Block Business.

      


  • Taconic Capital Buys Time Warner Cable, Broadcom

    At the end of the second quarter of 2015, the hedge fund Taconic Capital Advisors reported a total value of its portfolio of $3,540 million, after it added 32 new stocks to its portfolio and increased 27 of its stakes. The following are the most heavily weighted buys during the quarter.


    It bought shares of Time Warner Cable Inc (TWC) with an impact of 6.21% on its portfolio. The company provides video, high-speed data and voice services in five geographic areas: New York State, the Carolinas, the Midwest, Southern California and Texas. The Company has three reportable segments: Residential Services, Business Services and Other Operations.

      


  • John Paulson Finds Opportunity in Recently Bankrupt Overseas Shipholding Group

    John Paulson (Trades, Portfolio), president and portfolio manager of hedge fund Paulson & Co., purchased a new holding in Overseas Shipholding Group (OSGB) on Aug. 3, buying 56,425,082 shares for an average of $3.61 per share.

    Overseas Shipholding is engaged in the ocean transportation of crude oil and petroleum products. The company owns a fleet of 89 double-hulled vessels, 65 of which are operated in international markets. The stock price rose marginally by 3% over the past year and closed at $3.61 on Aug. 13.  


  • GMT Capital Corp Starts to Invest in Leisure Industry

    At the end of the second quarter of 2015, the hedge fund GMT Capital Corp reported a total value of its portfolio of $3,826,630,000 with a decrease of 7.36% since the previous quarter.


    During the Q2 2015, the hedge fund bought 26 new stocks and increased 21 stakes. The following are the most heavily weighted buys of U.S. companies the hedge fund has done during that quarter, and two of them are from the Global Leisure Industry.

      


  • Follow Bill Ackman in Valeant Pharmaceuticals

    Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings filed by institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC).


    Bill Ackman (Trades, Portfolio)´s Pershing Square disclosed an equity portfolio valued at $14.97 billion at the end of the first quarter of 2015. The equity portfolio is mainly invested in Health Care (46%), Materials (31%) and Transports (19%) stocks.

      


  • Smart Guru John Paulson Bullish on Actavis

    John Paulson (Trades, Portfolio) increased his position in Actavis PLC (NYSE:ACT) through Paulson & Co by 262% to $1.68 billion in the company's latest filing, with 5.6 million shares. Actavis is the fund's second largest holding in its $19.64 billion portfolio behind Shire PLC (NASDAQ:SHPG) and Time Warner Cable Inc (NYSE:TWC), representing 10.1% and 6.6% of Paulson's portfolio, respectively.


    Actavis PLC, formerly known as Actavis Limited was incorporated in Ireland, in 2013. It is an integrated specialty pharmaceutical company engaged in development, manufacturing, marketing, sale and distribution of generic, branded generic, brand name, biosimilar and over-the-counter pharmaceutical products.

      


  • Activist Hedge Fund Manager Has Strong Focus on Health Care Stocks

    Dan Loeb's Third Point disclosed an equity portfolio valued at some $10.95 billion at the end of the first quarter of 2015. The equity portfolio is mainly invested in Health Care (27%), Consumer Discretionary (15%) and Information Technology (15%) stocks.


    In this article we will look into the top three holdings held at the end of Q1. Among the 10 largest holdings from Loeb’s equity portfolio (which comprises 60.30% of the total portfolio value), the three top positions are: Amgen Inc. (NASDAQ:AMGN), Actavis PLC (NYSE:ACT) and The Dow Chemical Company (NYSE:DOW).

      


  • Leon Cooperman's Top Holdings Look Attractive

    Billionaire Leon Cooperman (Trades, Portfolio)'s Omega Advisors has disclosed an equity portfolio valued at some $6.3 billion as of the end of the first quarter of 2015. The equity portfolio is mainly invested in Finance (26%), Consumer Discretionary (22%) and Health Care (11%) stocks.


    In this article we will look into the top three picks held at the end of first quarter of 2015. These are Actavis PLC (NYSE:ACT), Citigroup, Inc (NYSE:C) and Sirius XM Holdings Inc. (NASDAQ:SIRI).

      


  • John Paulson's First-Quarter Moves Alter Largest And Most Valuable Stakes

    Hedge fund manager John Paulson (Trades, Portfolio), founder and president of Paulson & Co. Inc., the third-largest hedge fund in the world, has been called “one of the most prominent names in high finance” by The New York Times. He rocketed to prominence by making $3.7 billion in 2007 using credit default swaps in a gamble against the U.S. subprime mortgage lending market.


    In the first quarter of 2015, Paulson made some moves that shifted the balances of the largest and most valuable stakes in his portfolio.

      


  • Follow Billionaire John Paulson and Bet On Gold

    Gold is a limited commodity that retains consumer´s purchasing power even under inflationary economies. The advantages are that gold is not at the mercy of government policy, so it cannot be easily issued or mined. Additionally, it is used to hedge, so it is a currency hedge an inflation hedge and a most importantly, a diversification tool in your portfolio.


    In this article, let's take a look at the SPDR Gold Trust ETF (GLD) and try to explain the reasons why this is an appealing investment opportunity.

      


  • John Paulson Buys Actavis, AIG, Valeant, Sells Equinix, Alibaba

    Hedge fund giant John Paulson (Trades, Portfolio) just reported his first quarter portfolio. He buys Actavis PLC, AIG, Valeant, Computer Sciences, etc during the 3-months ended 2015-03-31, according to the most recent filings of his investment company, Paulson & Co.. As of 2015-03-31, Paulson & Co. owns 57 stocks with a total value of $19 billion. These are the details of the buys and sells.




  • John Paulson Adds New Position to its Portfolio

    John Paulson (Trades, Portfolio) of Paulson & Co. recently added a new position to his portfolio of 63 stocks, valued around $19.4 billion. The portfolio has an 11% quarter-over-quarter turnover.


    According to GuruFocus Real Time Picks, Paulson purchased 10,000,000 shares of Synthesis Energy Sys Inc (NASDAQ:SYMX) at an average price of $1.13 per share. The stock is currently trading at $1.52 a share.

      


  • John Paulson's Stocks Trading at Low P/E

    John Paulson (Trades, Portfolio) is the President and Portfolio Manager of Paulson & Co. Inc, a $19,362 million hedge fund composed of 63 stocks and a quarter to quarter turnover of 11%. The following are the five stocks in the portfolio trading at a low P/E ratio.


    Oasis Petroleum Inc (OAS)

      


  • John Paulson Buys 12% Stake in Synthesis Energy Systems

    John Paulson (Trades, Portfolio), hedge fund manager of the $19.3 billion Paulson & Co. hedge fund, has established a stake in a new position, Synthesis Energy Systems Inc. (NASDAQ:SYMX).


    Paulson bought 10 million shares of Synthesis Energy Systems on April 14, according to GuruFocus Real Time Picks. The holding represents 11.7% of the company’s shares outstanding.

      


  • Weekly 3-Year Low Highlights: PM, TSU, SINA, HMSY

    According to GuruFocus list of 3-year lows, Philip Morris International Inc (NYSE:PM), Tim Participacoes SA (NYSE:TSU), SINA Corp (NASDAQ:SINA) and HMS Holdings Corp (NASDAQ:HMSY) have all reached their 3-year lows.


    Philip Morris International Inc (NYSE:PM) reached $76.92

      


  • John Paulson's Top Buys

    John Paulson (Trades, Portfolio) of Paulson & Co added new positions to his portfolio of 63 stocks with a value of $19.362 billion and a quarter over quarter turnover rate of 11%.

    41.6% os his portfolio consists of stocks in the healthcare sector.  


  • Hedge Fund Billionaire Paulson Kept its Stake in Gold ETF

    Gold is a limited commodity that retains consumer´s purchasing power even under inflationary economies. The advantages are that gold is not at the mercy of government policy so it cannot be easily issued or mined. Additionally, it is used to hedge, so it is a currency hedge, an inflation hedge and, most importantly, a diversification tool in your portfolio.


    Days ago, gold prices rebounded from a six-week low. The metal has reversed losses after minutes from the Federal Reserve's last meeting show some concern about raising rates soon. A delay in raising interest rates benefit holding gold in your portfolio and investors should pay attention to this strategy.

      


  • Hotchkis & Wiley Adds to Third-Largest Stake

    Hotchkis & Wiley, a Los Angeles-based investment firm, has been successfully managing portfolios for more than 30 years. In 2013, its investment advice yielded a 39.95% return for its clients, more than double its performance in 2012.


    Value investors, Hotchkis & Wiley emphasizes a company's tangible assets, sustainable cash flow and potential for improving business performance.

      


  • New Guru Jana Partners' Top 5 Holdings

    JANA Partners is the newest guru to join the group of admired value investors on GuruFocus.


    The fund, founded in 2001 by Barry Rosenstein, is a value-oriented, event-driven firm that invests long or short in companies expected to undergo change. JANA is located in New York and has about $11 billion in assets under management. According to an interview with Barron’s in May, the firm’s strategy is mostly based on free-cash-flow multiples, but will also take an activist approach if necessary. Rosenstein and Co-Portfolio Manager David DiDomenico look for undervalued companies with catalysts that can unlock value.

      


  • Weekly 3-Year Low Highlights: E, FCX, SSL, VET, NBR

    According to GuruFocus list of 3-year lows, Eni SpA (NYSE:E), Freeport-McMoRan Inc (NYSE:FCX), Sasol Ltd (NYSE:SSL), Vermillion Energy Inc (NYSE:VET), and Nabors Industries Ltd (NYSE:NBR) have all reached their 3-year lows.


    Eni SpA (NYSE:E) Reached $38.01

      


  • Although Competition Is Increasing, PetSmart Will Outperform

    In this article, let's take a look at PetSmart Inc. (NASDAQ:PETM), a $7.8 billion market cap company that operates more than 1,300 pet stores in the U.S. and Canada, offering pet food, supplies and services.


    Strategic initiative

      


  • Multiple and Customizable Investment Checklist: New and Much Improved Feature

    GuruFocus is pleased to announce that we have made a big improvement to our “Investment Checklist” feature. Now you can do much more with the “Investment Checklist”:


        


  • John Paulson's Top 5 New Holdings For Q3

    John Paulson (Trades, Portfolio)’s hedge fund Paulson & Co. was founded in 1994 and has $22.8 billion in assets under management as of Jul 2014. The fund focuses primarily on event-driven arbitrage situations. Paulson’s top strategies, the Advantage and Advantage Plus funds, lost 4.8 percent and 3.9 percent this year through August, the New York Times reported.


    In the third quarter, the investor purchased seven new stocks, for 19% portfolio turnover and a total of 75 holdings at quarter-end.

      


  • Paulson Reduces Cobalt International Energy Stake Near 52-Week Low

    As Cobalt International Energy (NYSE:CIE) plunged to its lowest point since 2011, hedge fund manager John Paulson (Trades, Portfolio) sold a small fraction of his more than 10% stake in the company, according to GuruFocus Real Time Picks.  


  • DuPont Analysis for Family Dollar Stores

    In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case of Family Dollar Stores Inc. (NYSE:FDO)


    ROE is calculated as net income applicable to common shares divided by the average book value of common equity: ROE = Net Income / Av. Book Value

      


  • Hedge Fund Manager John Paulson Full Interview - Delivering Alpha 2014



  • Latest Real Time Picks

    The Real Time Picks section of GuruFocus is a great way to ideas from the investing gurus. We currently follow 147 guru portfolios. If a guru makes a purchase or sale of a company in which he or she owns a greater than 5 percent stake, SEC regulations require the trade to be reported within 10 days. Some of the gurus report their trades within 2 days. The type of filing can disclose whether the trade is a passive (Schedule 13G) or activist (Schedule 13D) holding. The link to the filing is available through the Real Time Picks section. The latest Real-Time Picks are from John Paulson, Ron Baron, Mario Gabelli and Dodge & Cox.


    John Paulson of Paulson & Company initiated a new holding of 61,384,234 Class A shares of Overseas Shipholding Group (OSGIQ)on 08/31/2014, as reported in the latest 13G filings by John Paulson (Trades, Portfolio). The filing indicates that Paulson owns 56,425,082 shares of Class A common stock and 4,959,152 shares of common stock issuable upon exercise of Class A warrants. The investment gives Paulson a 19.35 percent stake in the company. OSG is a leading provider of global energy transportation services. It owns and operates a fleet of international and U.S. Flag vessels that transport crude oil, refined petroleum products and liquefied natural gas (LNG) worldwide. The company filed for Chapter 11 bankruptcy in November of 2012. On August 5, the emergence from bankruptcy was announced. Class B shares are now trading under the symbol, OGSRB, but the Class A shares are not shown as trading yet. Paulson most likely had an earlier investment in the company and received the new shares and warrants as part of the bankruptcy plan. It will be difficult to value the new company until its first post-bankruptcy financial statements are filed. I had left a message for investor relations but have not received a call back, yet. I was informed by a brokerage office that the current shares trading OTC are Class B shares.

      


  • Hedge Fund´s Returns are Trailing the Standard & Poor’s 500 Index

    In this article let's take a look at Ray Dalio (Trades, Portfolio), the founder and majority owner with a 84% stake in Bridgewater Associates Intermediate Holdings (BAIH), the hedge fund that manages $150 billion in assets under management. Bridgewater Associates operates as an international, employee-owned hedge fund manager. It provides its services to pension and profit-sharing plans, pooled investment vehicles, corporations and governmental entities. Since its inception in 1975, Bridgewater has generated net gains of $35.8 billion and that success made this guru the 84th-richest person in the world, according to Forbes.


    Industry return

      


  • Latest Real-Time Picks From The Gurus

    A great way to get new investing ideas is to follow the investing gurus. Real-Time Picks are recent filings with the SEC in relation to a single holding that has either been either initiated, added to, reduced, or sold out. 13G filings indicate a passive position while 13D filings indicate an activist position. Form 13Fs disclosing end of quarter portfolio are due within 45 days after the end of the quarter. Stay tuned as they come in and are updated at GuruFocus. Here are the most recent of the 13D and 13G filings from the gurus.


    Eric Mindich of Eton Park Capital Management initiated a new holding of 3,666,846 shares of Armstrong World Industries Inc (AWI) at the average price of $52.99 on 08/01/2014, as reported in the latest SC filings by Eric Mindich (Trades, Portfolio). The new holding represents 3.36 percent of the shares outstanding. Armstrong is a leading global producer of flooring products and ceiling systems for use primarily in the construction and renovation of residential, commercial and institutional buildings. The stock has been volatile lately and dropped 12 percent after a bad earnings report at the end of July but quickly bounced back on August 1 after the hedge fund, ValueAct, disclosed a new activist position in the company.

      


  • A Proposal to Time Warner to Combine Two Companies

    In this article, let´s take a look at a possible deal in a $1 trillion global Media industry, where a few weeks ago Twenty-first Century Fox (NASDAQ:FOXA) confirmed in a statement that its offer for Time Warner (TWX) had been rejected.


    Time Warner Inc. operates as a media and entertainment company in the United States and internationally. The company operates in three segments: Networks, Film and TV Entertainment, and Publishing.

      


  • Paulson Bets Again On Mallinckrodt

    In this article, let´s see the last bet of John Paulson (Trades, Portfolio), the hedge fund manager who made a fortune using credit default swaps to bet against the housing market in the 2008 financial crisis. This time he bought more shares of Mallinckrodt PLC (NYSE:MNK), a $4.09 billion market cap company, which is a global specialty pharmaceuticals company.


    Total position

      


  • A Big Win for John Paulson

    In this article, let´s see the last gain of John Paulson (Trades, Portfolio), the hedge fund manager who made a fortune using credit default swaps to bet against the housing market in the 2008 financial crisis.

    A Billion Dollars Richer  


  • 5 Minimal Peter Cundill-Like Moves For Your Portfolio

    Have you read the book There's Always Something to Do by Christopher Russo-Gill?


    If not, it should move right to the top of your summer reading list. It is the accumulated reflections of Peter Cundill. A Canadian value investor, Cundill used the Graham Deep Value Approach to return a little more than 15 percent, on average annually, to investors for almost 30 years.

      


  • Mason Hawkins and John Paulson Top GuruFocus Real Time Picks of the Week

    Guru Real Time Picks of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. It was a quiet week in guru trades but we did see a couple of trades coming from Mason Hawkins (Trades, Portfolio) and John Paulson (Trades, Portfolio).  


  • Ray Dalio Consistently Deliver Returns

    In this article let's take a look at Ray Dalio (Trades, Portfolio), the founder and majority owner with a 84% stake in Bridgewater Associates Intermediate Holdings (BAIH), the hedge fund that manages $150 billion in assets under management. Bridgewater Associates operates as an international, employee-owned hedge fund manager. It provides its services to pension and profit sharing plans, pooled investment vehicles, corporations and governmental entities. Since its inception in 1975, Bridgewater has generated net gains of $35.8 billion and that success made this guru the 84th richest person in the world, according to Forbes.

    Industry Return  


  • 5 Smart Money Managers Taking A Shine To Gold Miners

    Fishing for opportunities in battered sectors can be a frustrating experience.


    Just because a particular sector or industry has seen difficult times and prices have declined to bargain levels does not necessarily mean a turnaround is imminent. Quite often, things continue to worsen for a period of time and the bargains become even cheaper before things begin to improve. This is particularly true in commodity related industries like gold mining where no level of corporate efficiency can offset declining prices of a product. A company can cut costs and even improve production levels, but if the commodity itself is falling, it is going to be tough to make money.

      


  • Top African Guru Held Stocks All Come from the Gold Industry

    Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which African-based companies are held by the most gurus. By doing this we found out that the top three companies held by gurus during the first quarter are headquartered in Africa are based in the gold and natural minerals industries.


    AngloGold Ashanti (AU)

      


  • John Paulson's 4 Stocks Trading for Less Than He Paid for Them

    John Paulson (Trades, Portfolio)’s firm Paulson & Co. manages approximately $21.4 billion and focuses specifically on arbitrage strategies, restructurings and other capital events. When his team analyzes stocks undergoing corporate events or sectors in which they have interest, they employ a bottom-up assessment of fundamentals within those targets.


    Though Paulson has had some crushing years, he has so far always managed to rebound to superstar status. His event-driven strategy, the Paulson Recovery Fund, won a 2013 Absolute Return Award in 2013 for its 65.1% net gain.

      


  • Weekly Guru Bargains Highlights: VOD

    According to GuruFocus updates, these stocks have declined the most since Gurus have bought.


    Vodafone Group PLC (NASDAQ:VOD): Down 49% Since Steven Romick (Trades, Portfolio) Bought In the Quarter Ended on 2013-12-31

      


  • Gold-Focused Guru John Paulson Reports First Quarter Holdings

    John Paulson is the President and Portfolio Manager of Paulson & Co. The guru became a guru by short-selling subprime mortgages in 2007, but is most known for his stance on gold. According to Paulson’s Investing Philosophy, the fund seeks to make money from situations when one public company announces plans to take over another. Merger arbitrage hedge funds primarily study equity markets, but they also research the market for credit default swaps, a form of insurance that starts paying out as soon as a credit security falls in value.

    During the first quarter the guru bought 8 new stocks bringing his portfolio to 80 stocks valued at over $20.43 billion. The following five stocks are the guru’s five largest holdings as of the close of the first quarter.

    SPDR Gold Trust (ETF) (GLD)

    Paulson’s largest position is in the SPDR Gold Trust where he maintains 10,234,852 shares. The guru’s holdings make up for 6.2% of his total portfolio as well as for 2.29% of SPDR Gold Trust’s shares outstanding.

      


  • Top Three Held African Stocks All Focused in Gold Mining

    Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which African-based companies are held by the most gurus. By doing this we found out that the top three companies held by gurus during the fourth quarter are headquartered in Africa are based in the gold and natural minerals industries.


    AngloGold Ashanti Limited (AU)

      


  • Sprint Corp: Moving Toward a Brighter Future?

    Over the past few weeks I have been watching the developments of the telecommunications industry, which has provided an excellent opportunity to search for investment stocks in this sector. One company I think is very interesting to analyze is Sprint Corp Series 1(NYSE:S). While there are many different factors to consider when investing, in the article below I will look at the debt side of the company. I will analyze Sprint's debt ratios and what analysts and other top investors think about the company, which should give us an idea of the company’s leverage and how much to expect in return for investing in it over the long term.


    As the third largest mobile carrier in the U.S., Sprint serves 47 million customers directly and another 8 million via affiliates. However, the recent years have proven difficult for the firm, with its postpaid market share plummeting from an initial 21% to 14%. Competing against AT&T Inc. (NYSE:T) and Verizon Communications Inc. (NYSE:VZ), the firm’s postpaid base was 75% of the size of these rivals in 2007, but now it’s only half as big. Although the carrier has recovered somewhat from 2009’s historical low point, it still has a long way to go. In the hopes of expanding its scale, Sprint acquired Clearwire in July 2013, and is now undergoing a network modernization project, in order to integrate the purchase and rebuild momentum. Although this measure is surely necessary to keep growing, Sprint’s position as the most leveraged U.S. mobile carrier makes it particularly vulnerable to any errors.

      


  • China's Minsky Moment - Market Strategist John Mauldin

    In speeches and presentations since the end of last year, I have been saying that I think the biggest macro problem in the world today is China. China has run up a huge debt, and the payments are coming due. They seem to be proactive, but will it be enough? How much risk do they pose for the global system?


    This week as I travel to Cafayate I have asked my young associate Worth Wray to write up his research and our conversations on China. Worth has lived in China; and with his (and my) access to people with their fingers on the pulse of China, he has come up with some valuable insights. The hard part for him was to keep it in a single letter. China is a such a huge topic that writing about it can easily yield a tome.

      


  • Verizon Tops Most Guru-Held Communications Services of the Year

    Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which companies based out of the Communications Services sector were held by the highest number of gurus. The following five companies come from this industry and are held by the largest number of gurus.


    Verizon Communications (VZ)

      


  • Is It Time to Change Your 'General Motors Machine'?

    General Motors Company (NYSE:GM) designs, builds and sells cars, trucks and automobile parts. The company also provides financing services through General Motors Financial Company Inc. The company’s automotive operations are conducted through four segments: GM North America (GMNA), GM Europe, GM International Operations and recently added GM South America. The company's focus is to boost its sales on the emerging markets (Brazil, China and India) and competitors include Ford Motor Co. (F) and Toyota Motor Corporation (TM).


    Now, turning our attention to the future direction of the stock, let's take a look at the intrinsic value of this company and try to explain to investors the reasons it is a good buy or not. In this article, we present a model that is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects.

      


  • John Paulson Takes Giant Stakes in 3 Companies

    After several years of middling returns, the Paulson Recovery fund recovered. It was the third top-returning large hedge fund in 2013, returning 45%, compared to 4.9% last year, according to Bloomberg.

    John Paulson (Trades, Portfolio) in the fourth quarter also bought 16 new stocks, and holds 87 in total, in a portfolio valued at $20.3 billion. The new buys include massive stakes in three companies.  


  • What Happened to Hedge Fund Returns While U.S. Markets Rallied to Record Levels

    Hedge funds are a broad group of investment vehicles pursuing a wide variety of investment strategies. Last year, these funds returned an average of 7.4%. So, let´s take a look at the industry and analyze some results.


    The Bloomberg's Global Aggregate Hedge Fund Index is a market capitalization weighted index of hedge funds from all over the world. The index contains over 2,400 Hedge funds representing more than $470 billion in assets. This index is down 1.8% from its July 2007 peak and remains well below the S&P 500 since 2009. Below we present the evolution of the S&P 500 (SPX Index) and the Bloomberg´s Hedge Fund Index (BBHFUNDS Index) for the last five years.

      


  • The Gold Bull – John Paulson’s Top Yield Gold Stocks in Review

    As a high school senior, Guru John Paulson was first into spiritual gold, claiming an interest in the “divine light club” in his school’s yearbook, according to Wikipedia.  After youthful travels to Ecuador, forays into selling flooring and manufacturing clothing, and studies in philosophy, creative writing and film, Paulson ended up as a legendary hedge fund investor and one of the mysterious metal’s biggest proponents.  


    With spot gold prices down 25% this year, investors are wondering what’s ahead for Paulson’s PFR Gold Fund, down around 63% this year. Goldman Sachs projects gold  will drop another 15% to an estimated $1,050 in 2014 and Morgan Stanley estimates a price of $1,313.  

      


  • Time Warner Cable: An Epic Battle for the Last Mile




    Frank Hoover

      


  • Top Five Held Real Estate Stocks of the Third Quarter

    Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which real estate-based companies are held by the most gurus. As of the third quarter, the following five real estate companies are held by the largest number of gurus.


    Jones Lang LaSalle (JLL)

      


  • Top Returning Investment Gurus of 2013

    It was a good year for most fund managers, and a great year for some. With 2013 winding down, it’s clear which gurus had the winningest picks for the year. According to the Score Board of Gurus, the gurus whose stock investments of the past 12 months have gained the most are: John Paulson, Robert Karr, Bruce Berkowitz’s Fairholme Fund, Michael Price and Jean-Marie Eveillard. These investors’ stock picks significantly outperformed both the average hedge fund return through Oct. 31 of 6%, and the year-to-date S&P 500 return of 27.4%.


    John Paulson

      


  • Aetna - Why You Shouldn’t Stop Caring About This Health Care Stock Despite ObamaCare

    Aetna Inc. (NYSE:AET) is a firm that offers traditional and consumer-directed health insurance products and related services — including medical, pharmacy, dental, behavioral health, group life, long-term and disability plans. It provides these benefits to employer and plan sponsor customers in all 50 states, ranging from multisite national accounts to middle-market and small-employer groups.

    After Jan. 1, 2014, (or after existing policies expire) it will be one of the firms affected by Obamacare’s new changes to existing insurance plans — along other health insurance companies and health care insurance brokers and customers — in significant ways. Losing money due to new fees, taxes and the new administration costs of keeping up with the ratings, as well as for compromising its customer filtering process, is a risk it will have to take — no matter what.  


  • John Paulson's Top Five Holdings

    John Paulson is the President and Portfolio Manager of Paulson & Co. The guru became a guru by short-selling subprime mortgages in 2007, but is most known for his stance on gold.

    During the third quarter the guru bought 8 new stocks bringing his portfolio to 87 stocks valued at over $15.516 billion, up from $14.4 billion last quarter. .  


  • John Paulson Buys Vodafone, Time Warner Cable, Family Dollar Stores, Sells Sprint, Pioneer Natural Resources

    Hedge fund giant John Paulson just reported his third quarter portfolio. John Paulson buys Vodafone Group PLC, Time Warner Cable Inc, Family Dollar Stores, Inc., etc during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Paulson & Co.

    As of 09/30/2013, Paulson & Co. owns 87 stocks with a total value of $15.5 billion. These are the details of the buys and sells.  


  • Gold Is Precious and IAMGOLD Pays Dividends

    Company History and Business

    IAMGOLD Corporation (IAG) is a multinational mining company that is based in Canada. The vast majority of its revenues, 88% in 2012, are attributed to gold. Aside from the precious yellow metal, the company also has significant interest in ferronobium, or nobium, which is used to produce steel. As gold prices have plummeted, and global steelmaking capacity can exceed all sources of demand, shares of IAG have depreciated 60% in 2013. Considerable long term value may now be offered. While the price of gold is difficult to predict, the company pays a dividend to help smooth things out.  


  • Thrifting for Billionaire Bargains 47% Off or More Since Gurus Bought

    Thrifting for billionaire-qualified buys can provide some level of assurance and indicate a probability that these companies could be finds.

    The GuruFocus Guru Bargains feature reveals that these four stocks are 47% or more off since a number of billionaires bought them in the second quarter of 2013. Consider the value of knowing that the following billionaires remain invested in these stocks even after taking the sting.  


  • Highest Returning Guru - John Paulson’s 52-week Low Stocks

    The current highest-returning Guru, John Paulson, founder of Paulson & Company, is averaging 12-month returns of 292.03%. His portfolio show 91 stocks, 15 of them new, and a total value of $14.17 billion. His quarter-over-quarter turnover is 21%.

    Here’s an update on two companies in Paulson’s portfolio that are near a 52-week low. Agnico Eagle Mines Ltd. (NYSE:AEM) restarted its Goldex mine in Quebec and has poured its first gold this month; numerous gurus sold out Equinix Inc. (NASDAQ:EQIX) in the second quarter of 2013, but Paulson reduced his shares by a little more than half.  


  • Paulson Returns 292.03%, Bumps Michael Dell - Paulson’s Top Dividend Four

    The portfolio of John Paulson of Paulson & Co. shows 91 stocks, 15 of them new, and a total value of $14.17 billion. His quarter-over-quarter turnover is 21%. Now in first place, Guru John Paulson has bumped Michael Dell to second place for average returns. Paulson’s 12-month average return is 292.03%; Dell’s is 266.63%, followed by Carl Icahn with 98.15%.

    Here are four stocks in the Paulson portfolio with the highest dividend yield, as of June 30, 2013:  


  • John Paulson Talks About Buying Steinway



  • S&P Winners Broadly Held by Billionaires

    Over 12 months, FLIR Systems Inc. (NASDAQ:FLIR) is up 61%, Mylan Inc. (NASDAQ:MYL) is up 64% and Nabors Industries Ltd. (NYSE:NBR) is up 24%, making them three of the biggest winners in the S&P 500. Here’s a company update about the top billionaire stakeholders, as of June 30, 2013.

    FLIR Systems Inc. (NASDAQ:FLIR)   


  • Gold Companies Top the African-Based Companies Held by the Most Gurus

    Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which African-based companies are held by the most gurus. By doing this we found out that the top four companies held by gurus in Africa are based in the gold and natural minerals industries.

    AngloGold Ashanti Limited (AU)
      


  • Bruce Berkowitz Fannie Mae Drama Continues, with Small Victory

    Bruce Berkowitz has provided much of the drama in the investing world for the past five years, as he sunk stomach-churning amounts of money into one dubious-looking asset after another. Yet the investor always seems to greet monumental risk with perfect aplomb. Probably because he is so well informed and his theses are so airtight that there does not seem to be any risk involved for him at all, and once he takes a position, he merely watches events unfold according to plan. Most recently, he revealed an investment in another Berkowitz-esque asset – the companies at the epicenter of the 2008 financial crisis, housing mortgage institutions Fannie Mae and Freddie Mac. This project also involves and largely hinges on him suing the U.S. government. So far so good.

    Berkowitz announced his Fairholme Fund (FAIRX) had taken a $500 million preferred equity stake in Fannie Mae (OTCBB:FNMA) and Freddie Mac in May. The crux of his strategy is that he was able to purchase the shares at prices depressed to one-fifth of liquidation value by the government’s policy of expropriating the companies’ profits.  


  • Thinking of Investing with a Hedge Fund?

    We can do very well by seeing what a number of hedge funds are actually buying and selling, and GuruFocus is absolutely the best site on the web for that intelligence. But if you are considering investing with a hedge fund yourself, I have three words of advice: “Don’t do it!” I have written frequently about their exorbitant fees, their hundreds of millions spent stuffing cash in politicians’ campaign funds (er, “lobbying”) and, most of all, their failure to provide good value in return.

    Now others seem to be joining in sounding this alert. Mark Hulbert, the investment letter cheerleader/critic, in an article this summer, “The Verdict is In: Hedge Funds Aren’t Worth the Money,” reaches the same conclusions. He writes:  


  • Triple Play: The Paid TV Industry

    The media business is raising the competitive bar as services become integrated and more players enter the game board. As the triple play business model becomes standard, traditional phone, TV and internet providers look for possibilities outside their comfort zone. Here are three stocks that have diversified risks by wearing the triple play fashion. Let me look into Time Warner (NYSE:TWC) and Cablevision Systems (NYSE:CVC), and see how gurus feel about them.

    New Strategy Pays Off  


  • Potential M&A Targets for Repsol

    Madrid based oil and gas company Repsol (OTH:REPYY), which was badly hit by the nationalization of Argentina's YPF (NYSE:YPF), will try to diversify itself through investing in a more stable energy-rich country: the U.S. Despite the initial negative reaction of the market toward Repsol's decision, I am convinced this is, indeed, a good decision. As for now, Repsol is very concentrated into unstable regions such as Morocco, Sierra Leone and Libya, and getting some exposure to safer regions can hardly be considered a poor strategy.

    According to the Wall Street Journal, “Repsol is willing to spend between $5 billion and $10 billion on North American Exploration & Production (E&P) assets.” The newspaper also points at Whiting Petroleum (NYSE:WLL) and Kodiak Oil & Gas (NYSE:KOG) as possible targets.  


  • John Paulson's Top Five Holdings

    John Paulson is the President and Portfolio Manager of Paulson & Co. The guru became a guru by short-selling subprime mortgages in 2007, but is most known for his stance on gold.

    During the second quarter the guru bought 15 new stocks bringing his portfolio to 91 stocks valued at over $14.17 billion.  


Add Notes, Comments

If you want to ask a question or report a bug, please create a support ticket.


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)