Guru John Paulson, founder of Paulson & Company, knows the highs and the lows of the market. He is famed for generating up to 600% returns in the 2008 market crash, but recently, Paulson has seen his Gold Fund plummet faster than anyone’s worse nightmare. Paulson lost approximately $1 billion of his personal wealth on gold bets in April alone, according to Bloomberg. Reviewing his sell-outs in the last quarter, it looks like Paulson has dropped only one never-a-gain holding in the Barrick Gold Corporation (ABX, Financial) in the first quarter of 2013.
Here’s a look at John Paulson’s eight sells as March 31, 2013.
Sold Out: Barrick Gold Corporation (ABX) – Metals and Mining
John Paulson sold out his position with gold mining company ABX, as of March 31, 2013, unloading 915,000 shares at an average price of $31.54 per share, for a loss of 41.1%. According to GuruFocus research, Paulson held ABX for six quarters, losing more than 40% on this holding in each of those quarters.
This trade impacts his portfolio by -0.2%.
The current share price is $18.58 compared to valuations over 10 years:
ABX data by GuruFocus.com
Sold Out: Prestige Brands Holdings Inc. (PBH, Financial) – Consumer Packaged Goods
John Paulson sold out his position with PBH, as of March 31, 2013, unloading 650,000 shares at an average price of $23.02 per share, for a 28.6% gain. According to GuruFocus research, Paulson held PBH for four quarters; his highest gain was the first quarter of 2012 for 102.7%, followed by a gain of 95.5% in the second quarter of 2012. This trade impacts his portfolio by 0.08%.
The current share price is $29.60 compared to valuations over 10 years:
PBH data by GuruFocus.com
Sold Out: XL Group PLC (XL, Financial) – Insurance – Property & Casualty
John Paulson also sold out his position with XL, as of March 31, 2013, unloading 650,000 shares at an average price of $23.02 per share, for a 28.6% gain. According to GuruFocus research, Paulson held XL for nine quarters; his highest gain was the third quarter of 2011 for 61%.
This trade impacts his portfolio by -0.18%.
The current share price is $32.45 compared to valuations over 10 years:
XL data by GuruFocus.com
Sold Out: NRG Energy Inc. (NRG, Financial) – Utilities – Independent Power Producers
John Paulson also sold out his position with NRG, as of March 31, 2013, unloading a little more than 3 million shares at an average price of $24.28 per share, for a gain of 15.4%. According to GuruFocus research, Paulson held NRG for five quarters. His highest gain was 34.4% in the first quarter of 2009.
This trade impacts his portfolio by -0.44%.
The current share price is $28.01 compared to valuations over 10 years:
NRG data by GuruFocus.com
Sold Out: Murphy Oil Corporation (MUR, Financial) – Oil & Gas – Integrated
John Paulson also sold out his position with MUR, as of March 31, 2013, unloading 1.75 million shares at an average price of $61.22 per share, for a gain of 5%. According to GuruFocus research, Paulson held MUR for two quarters. His highest gain was 9.6% in the fourth quarter of 2012.
This trade impacts his portfolio by -0.64%.
The current share price is $64.27 compared to valuations over 10 years:
MUR data by GuruFocus.com
Sold Out: Nexen Inc. (NXY, Financial) – Oil & Gas – E&P
John Paulson also sold out his position with NXY, as of March 31, 2013, unloading 25,495,000 shares at an average price of $26.94 per share, for a gain of 1.7%. According to GuruFocus research, Paulson held NXY for three quarters. His highest gain was 16.2% in the third quarter of 2012. This trade impacts his portfolio by -4.2%.
The current share price is $27.41 compared to valuations over 10 years:
NXY data by GuruFocus.com
Sold Out: Ralcorp Inc. (RAH, Financial) – Packaged Foods
John Paulson also sold out his position with RAH, as of March 31, 2013. ConAgra Foods acquired Ralcorp in January 2013.
This trade impacts his portfolio by -0.83%.
Sold Out: TNS Inc. (TNS, Financial) – Data Communications
John Paulson also sold out his position with TNS, as of March 31, 2013. Siris Capital Group acquired TNS Inc. in February 2013.
This trade impacts his portfolio by -0.29%.
Weighted towards ETFs, healthcare, communication services, and basic materials, the Paulson portfolio lists 94 stocks, 10 of them new, with a total value of $17.72 billion and a quarter-over-quarter turnover of 14%, as of May 15, 2013.
Guru John Paulson’s top buys, top sells and top holdings:
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Here’s a look at John Paulson’s eight sells as March 31, 2013.
Sold Out: Barrick Gold Corporation (ABX) – Metals and Mining
John Paulson sold out his position with gold mining company ABX, as of March 31, 2013, unloading 915,000 shares at an average price of $31.54 per share, for a loss of 41.1%. According to GuruFocus research, Paulson held ABX for six quarters, losing more than 40% on this holding in each of those quarters.
This trade impacts his portfolio by -0.2%.
The current share price is $18.58 compared to valuations over 10 years:
ABX data by GuruFocus.comSold Out: Prestige Brands Holdings Inc. (PBH, Financial) – Consumer Packaged Goods
John Paulson sold out his position with PBH, as of March 31, 2013, unloading 650,000 shares at an average price of $23.02 per share, for a 28.6% gain. According to GuruFocus research, Paulson held PBH for four quarters; his highest gain was the first quarter of 2012 for 102.7%, followed by a gain of 95.5% in the second quarter of 2012. This trade impacts his portfolio by 0.08%.
The current share price is $29.60 compared to valuations over 10 years:
PBH data by GuruFocus.comSold Out: XL Group PLC (XL, Financial) – Insurance – Property & Casualty
John Paulson also sold out his position with XL, as of March 31, 2013, unloading 650,000 shares at an average price of $23.02 per share, for a 28.6% gain. According to GuruFocus research, Paulson held XL for nine quarters; his highest gain was the third quarter of 2011 for 61%.
This trade impacts his portfolio by -0.18%.
The current share price is $32.45 compared to valuations over 10 years:
XL data by GuruFocus.comSold Out: NRG Energy Inc. (NRG, Financial) – Utilities – Independent Power Producers
John Paulson also sold out his position with NRG, as of March 31, 2013, unloading a little more than 3 million shares at an average price of $24.28 per share, for a gain of 15.4%. According to GuruFocus research, Paulson held NRG for five quarters. His highest gain was 34.4% in the first quarter of 2009.
This trade impacts his portfolio by -0.44%.
The current share price is $28.01 compared to valuations over 10 years:
NRG data by GuruFocus.comSold Out: Murphy Oil Corporation (MUR, Financial) – Oil & Gas – Integrated
John Paulson also sold out his position with MUR, as of March 31, 2013, unloading 1.75 million shares at an average price of $61.22 per share, for a gain of 5%. According to GuruFocus research, Paulson held MUR for two quarters. His highest gain was 9.6% in the fourth quarter of 2012.
This trade impacts his portfolio by -0.64%.
The current share price is $64.27 compared to valuations over 10 years:
MUR data by GuruFocus.comSold Out: Nexen Inc. (NXY, Financial) – Oil & Gas – E&P
John Paulson also sold out his position with NXY, as of March 31, 2013, unloading 25,495,000 shares at an average price of $26.94 per share, for a gain of 1.7%. According to GuruFocus research, Paulson held NXY for three quarters. His highest gain was 16.2% in the third quarter of 2012. This trade impacts his portfolio by -4.2%.
The current share price is $27.41 compared to valuations over 10 years:
NXY data by GuruFocus.comSold Out: Ralcorp Inc. (RAH, Financial) – Packaged Foods
John Paulson also sold out his position with RAH, as of March 31, 2013. ConAgra Foods acquired Ralcorp in January 2013.
This trade impacts his portfolio by -0.83%.
Sold Out: TNS Inc. (TNS, Financial) – Data Communications
John Paulson also sold out his position with TNS, as of March 31, 2013. Siris Capital Group acquired TNS Inc. in February 2013.
This trade impacts his portfolio by -0.29%.
Weighted towards ETFs, healthcare, communication services, and basic materials, the Paulson portfolio lists 94 stocks, 10 of them new, with a total value of $17.72 billion and a quarter-over-quarter turnover of 14%, as of May 15, 2013.
Guru John Paulson’s top buys, top sells and top holdings:
If you are not yet a Premium Member, we invite you for a 7-day Free Trial.
Use the GuruFocus Value Screen to find 52-Week Lows and discover potentially deep value stocks held by billionaire Guru investors.
GuruFocus "Real Time Picks" reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.
GuruFocus’ Score Board of Gurus shows which investors produced the largest average returns in the past 6 and 12 months, as well as on a historical basis.
