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John Paulson's Top Five Holdings

September 12, 2013 | About:
Monica Wolfe

Monica Wolfe

119 followers
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.



Sprint Corp (S)

Paulson’s largest holding is in Sprint where the guru holds on to 200 million shares of the company’s stock. His position in the company takes up 9.9% of his portfolio and 5.09% of the company’s shares outstanding.

Paulson’s holding history as of the second quarter:

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It is an American telecommunications holding company. The company through its subsidiaries provides wireless and wireline communications products and services that are designed to meet the needs of individual consumers, businesses, government subscribers and resellers.

Sprint’s historical revenue and net income:

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Sprint has a market cap of $26.43 billion. Its shares are currently trading at around $6.73 with a P/S ratio of 0.60.

SPDR Gold Trust (GLD)

Despite cutting his position in half over the second quarter, the SPDR Gold Trust is still Paulson’s second largest position. As of the second quarter Paulson holds on to 10,234,852 shares of the company’s stock, representing 8.6% of his total portfolio and a 2.29% stake in the SPDR Gold Trust.

During the second quarter Paulson sold 11,602,700 shares of the trust in the price range of $154.57 to $115.94, with an estimated average quarterly price of $136.88. The share price has since then dropped an additional -6.1%.

Paulson’s holding history as of the second quarter:

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SPDR Gold Shares is an ETF that offers investors an innovative, relatively cost efficient and secure way to access the gold market. SPDR Gold Shares is the largest physically backed gold exchange traded fund in the world.

GLD’s historical pricing:

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SPDR Gold Trust (ETF) has a market cap of $58.11 billion. Its shares are currently trading at around $127.71.

Realogy Holdings (RLGY)

Paulson’s third largest holding goes to Realogy Holdings. The guru holds on to 12,957,700 shares, representing 4.4% of his total portfolio and 8.87% of the company’s shares outstanding.

During the second quarter Paulson reduced his position -2.59% by selling a total of 344,644 shares of the company’s stock. He sold these shares in the second quarter price range of $44.27 to $54.85 with an estimated average quarterly price of $49.03 per share. The price per share has dropped approximately -9.7% since then.

Paulson’s holding history as of the second quarter:

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The company is a provider of residential real estate services in the U.S. The company is a franchisor of residential real estate brokerages with some of the most recognized brands in the real estate industry. It is the owner of U.S. residential real estate brokerage offices, and a global provider of outsourced employee relocation services and a significant provider of title and settlement services

Realogy Holdings’ historical revenue and net income:

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The analysis on the company reports that the company’s revenue has been in decline over the past three years.

Realogy Holdings has a market cap of $6.36 billion. Its shares are currently trading at around $43.53 with a P/S ratio of 1.00 and a P/B ratio of 4.10.

Grifols SA (GRFS)

Paulson’s fourth largest holding is in Grifols SA where he holds on to 19,786,279 shares of the company’s stock. His position in the company represents 4% of his total portfolio and 5.76% of the company’s shares outstanding.

During the second quarter Paulson reduced his holdings in Grifols by -1.34%. The guru sold a total of 268,100 shares in the price range of $25.84 to $31.23, with an estimated average price of $28.10. The price per share has increased about 12.2% since then.

Paulson’s holding history as of the second quarter:

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Grifols is a vertically integrated producer of plasma derivatives. Its activities include sourcing raw material, manufacturing various plasma derivative products and selling and distributing final products to healthcare providers.

Grifols’ historical revenue and net income:

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Grifols SA has a market cap of $10.81 billion. Its shares are currently trading at around $31.43 with a P/E ratio of 26.30 and a P/S ratio of 3.00. The company had an annual average earnings growth of 28.2% over the past five years.

MGM Resorts International (MGM)

Paulson’s fifth largest position is in MGM Resorts International. The guru holds on to 34 million shares of the company’s stock, representing 3.5% of his total portfolio and 6.94% of the company’s shares outstanding.

During the second quarter Paulson reduced his holdings -9.06% by selling a total of 3,387,600 shares. He sold these shares in the price range of $11.99 to $15.86, with an estimated average price of $14.14 per share. Since then the price per share has jumped about 34.9%.

Paulson’s holding history as of the second quarter:

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The company acts as a holding company and its operations are conducted through its wholly-owned subsidiaries. The company is engaged in the gaming and resort operations. It mainly owns and operates casino resorts, which includes offering gaming, hotel, dining, entertainment, retail and other resort amenities.

MGM Resorts’ historical revenue and net income:

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MGM Resorts has a market cap of $9.25 billion. Its shares are currently trading at around $18.87 with a P/S ratio of 1.00 and a P/B ratio of 2.10.

You can check out John Paulson’s most recent portfolio update here.

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