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John Paulson Was a Net-Seller in Q2; Buys GLD, HCA, EQIX, Sells APC, DLPH, STI

alicet236

GuruFocus

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Hedge fund John Paulson has sold a lot more stocks than he bought during the second quarter. He has suffered severe loss with his funds since last year as his bet on the full economic recovery did not fare well. The decline of gold prices did not help either.

But apparently Paulson is still confident with gold. Gold ETF (GLD) was his largest purchase in the second quarter, followed by HCA Inc., a non-governmental hospital in the U.S. He also bought Equinix, JPMorgan Chase & Co., Quest Software, Cooper Industries etc. He sold positions in Anadarko Petroleum, Delphi Automotive, Medco Health, El Paso, Capital One, Baxter International etc.

As of 06/30/2012, Paulson & Co. owns 69 stocks with a total value of $12 billion. These are the details of the buys and sells.

For the details of John Paulson's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=John+Paulson

This is the sector weightings of his portfolio:

Basic Materials 15.6%
Health Care 13%
Financials 12.6%
Consumer Goods 8.7%
Consumer Services 7%
Industrials 4.7%
Not Assigned 3.1%
Technology 2.1%
Utilities 0.5%
Telecom 0.1%


These are the top 5 holdings of John Paulson

  1. SPDR Gold Trust (ETF) (GLD) - 21,837,552 shares, 28.3% of the total portfolio. Shares added by 26.15%
  2. AngloGold Ashanti Limited (ADR) (AU) - 32,761,921 shares, 9.4% of the total portfolio. Shares reduced by 1.21%
  3. Delphi Automotive PLC (DLPH) - 32,264,336 shares, 6.9% of the total portfolio. Shares reduced by 29.14%
  4. The Hartford Financial Services Grup Inc (HIG) - 31,344,200 shares, 4.6% of the total portfolio. Shares reduced by 16.35%
  5. Mylan Inc. (MYL) - 24,503,400 shares, 4.4% of the total portfolio.
These are some highlights:

New Purchase: HCA Inc (HCA)

John Paulson initiated holdings in Hca Holdings Inc. His purchase prices were between $24.13 and $30.75, with an estimated average price of $26.45. The impact to his portfolio due to this purchase was 2%. His holdings were 7,950,000 shares as of 06/30/2012. HCA Inc. is a non-governmental hospital in the U.S. Hca Holdings Inc has a market cap of $11.94 billion; its shares were traded at around $27.21 with a P/E ratio of 8.1 and P/S ratio of 0.4.

New Purchase: Equinix Inc (EQIX)

John Paulson initiated holdings in Equinix Inc. His purchase prices were between $148.92 and $175.28, with an estimated average price of $160.93. The impact to his portfolio due to this purchase was 1.5%. His holdings were 1,013,600 shares as of 06/30/2012. Equinix designs, builds and operates neutral Internet Business Exchangecenters where Internet businesses place their equipment and their network facilities in order to interconnect with each other. Equinix Inc has a market cap of $8.77 billion; its shares were traded at around $180.19 with a P/E ratio of 89 and P/S ratio of 5.5. Equinix Inc had an annual average earnings growth of 44.9% over the past 5 years.

New Purchase: JPMorgan Chase & Co. (JPM)

John Paulson initiated holdings in Jpmorgan Chase & Co.. His purchase prices were between $31.51 and $45.67, with an estimated average price of $38.39. The impact to his portfolio due to this purchase was 1.2%. His holdings were 4,000,000 shares as of 06/30/2012. J.P. Morgan Chase & Co. is a global financial services firm. Jpmorgan Chase & Co. has a market cap of $140.73 billion; its shares were traded at around $37.01 with a P/E ratio of 8.3 and P/S ratio of 1.5. The dividend yield of Jpmorgan Chase & Co. stocks is 3.3%.

New Purchase: Cooper Industries Plc (CBE)

John Paulson initiated holdings in Cooper Industries Plc. His purchase prices were between $56.38 and $71.54, with an estimated average price of $64.87. The impact to his portfolio due to this purchase was 0.57%. His holdings were 1,000,000 shares as of 06/30/2012. Cooper Industries Plc, formerly Cooper Industries, Ltd. Cooper Industries Plc has a market cap of $11.79 billion; its shares were traded at around $73.76 with a P/E ratio of 17.8 and P/S ratio of 2.2. The dividend yield of Cooper Industries Plc stocks is 1.7%. Cooper Industries Plc had an annual average earnings growth of 7.8% over the past 10 years. GuruFocus rated Cooper Industries Plc the business predictability rank of 4-star.

New Purchase: Cablevision Systems Corporation (CVC)

John Paulson initiated holdings in Cablevision Systems Corporation. His purchase prices were between $10.95 and $14.83, with an estimated average price of $12.69. The impact to his portfolio due to this purchase was 0.23%. His holdings were 2,100,000 shares as of 06/30/2012. Cablevision Systems Corp. is one of the nation's entertainment and telecommunications companies. Cablevision Systems Corporation has a market cap of $4.2 billion; its shares were traded at around $15.46 with a P/E ratio of 18.5 and P/S ratio of 0.6. The dividend yield of Cablevision Systems Corporation stocks is 3.9%. Cablevision Systems Corporation had an annual average earnings growth of 9% over the past 10 years.

New Purchase: Novacopper Inc (NCQ)

John Paulson initiated holdings in Novacopper Inc. His purchase prices were between $1.95 and $3.6, with an estimated average price of $2.56. The impact to his portfolio due to this purchase was 0.1%. His holdings were 5,995,077 shares as of 06/30/2012. NovaCopper Inc. is a base metals exploration company focused on exploring and developing the Ambler copper-zinc-lead-gold-silver deposits project in Northwest Alaska. Novacopper Inc has a market cap of $82.6 million; its shares were traded at around $1.69 .

Here is the complete portfolio of John Paulson. Also check out the Undervalued Stocks, Top Growth Companies, and High Yield stocks of John Paulson.


Rating: 2.5/5 (10 votes)

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