Hedge fund guru John Paulson’s portfolio is filled with merger/acquisition details and going private transactions. These are the details of the buys and sells in the second quarter.
It was said Paulson turned bearish lately. But he has been doing very well for many years with merger arbitrage and cash deals. He initiated many new positions and added to existing positions. Many of those are pending merger deals.
Paulson & Co.. John Paulson owns 76 stocks with a total value of $22.7 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of John Paulson
Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group In has a market cap of $9.12 billion; its shares were traded at around $20.34 with a P/E ratio of 5 and P/S ratio of 0.4. The dividend yield of The Hartford Financial Services Group In stocks is 1%.
Mylan Inc. is one of the world's quality generic and specialty pharmaceutical companies. Mylan Laboratories Inc. has a market cap of $5.38 billion; its shares were traded at around $17.42 with a P/E ratio of 12.6 and P/S ratio of 1.1. Mylan Laboratories Inc. had an annual average earning growth of 25% over the past 10 years. GuruFocus rated Mylan Laboratories Inc. the business predictability rank of 2.5-star.
Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $128.34 billion; its shares were traded at around $16.03 with a P/E ratio of 7.2 and P/S ratio of 2.6. The dividend yield of Pfizer Inc stocks is 4.5%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. Mgm Mirage has a market cap of $4.4 billion; its shares were traded at around $9.95 with and P/S ratio of 0.7.
Novell, Inc. delivers infrastructure software for the Open Enterprise. Novell Inc. has a market cap of $2.03 billion; its shares were traded at around $5.8 with a P/E ratio of 20 and P/S ratio of 2.3.
FelCor Lodging Trust Inc. is a real estate investment trust. Felcor Lodging Trust Inc. has a market cap of $296.6 million; its shares were traded at around $4.63 with a P/E ratio of 4.6 and P/S ratio of 0.3.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $303.66 billion; its shares were traded at around $59.88 with a P/E ratio of 11.5 and P/S ratio of 1. The dividend yield of Exxon Mobil Corp. stocks is 3%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas. Mariner Energy Inc. has a market cap of $2.38 billion; its shares were traded at around $23.15 with a P/E ratio of 46.1 and P/S ratio of 2.5.
AMERICAN CAPITAL STRATEGIES LTD. is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital, Ltd. has a market cap of $1.66 billion; its shares were traded at around $4.89 with a P/E ratio of 10.9 and P/S ratio of 2.4.
Popular, Inc. is a diversified, publicly owned bank holding company. Popular Inc. has a market cap of $1.61 billion; its shares were traded at around $2.51 with and P/S ratio of 0.6.
Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $75.38 billion; its shares were traded at around $147.76 with a P/E ratio of 6.7 and P/S ratio of 1.5. The dividend yield of Goldman Sachs Group Inc. The stocks is 1%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $47.98 billion; its shares were traded at around $160 with a P/E ratio of 21.5 and P/S ratio of 7.4. The dividend yield of Alcon Inc. stocks is 2.1%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.
Talecris Biotherapeutics is a global biotherapeutic and biotechnology company that discovers, develops and produces critical care treatments for people with life-threatening disorders in a variety of therapeutic areas including immunology, pulmonology, and hemostasis. Talecris Biotherapeutics Holdings Corp. has a market cap of $2.73 billion; its shares were traded at around $22.25 with a P/E ratio of 16.4 and P/S ratio of 1.8.
General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc has a market cap of $4.31 billion; its shares were traded at around $13.56 with a P/E ratio of 13.3 and P/S ratio of 1.4. General Growth Properties Inc had an annual average earning growth of 5.9% over the past 10 years.
Odyssey Healthcare, Inc. one of the largest providers of hospice care in the United States. Odyssey Healthcare Inc. has a market cap of $908.1 million; its shares were traded at around $26.96 with a P/E ratio of 17.9 and P/S ratio of 1.3. Odyssey Healthcare Inc. had an annual average earning growth of 7% over the past 10 years.
Airgas, Inc., through its subsidiaries, is the largest U. Airgas Inc. has a market cap of $5.49 billion; its shares were traded at around $65.93 with a P/E ratio of 23.1 and P/S ratio of 1.4. The dividend yield of Airgas Inc. stocks is 1.3%. Airgas Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Airgas Inc. the business predictability rank of 4-star.
STRATEGIC HOTELS & RESORTS, INC. is a real estate investment trust which owns and provides value-enhancing asset management of high-end hotels and resorts in the United States, Mexico and Europe. Strategic Hotels & Resorts Inc. has a market cap of $506.6 million; its shares were traded at around $3.74 with a P/E ratio of 11.9 and P/S ratio of 0.7.
Casey's General Stores, Inc. operate convenience stores under the name ``Casey's General Store`` in Midwestern states, primarily Iowa, Missouri and Illinois. Casey's General Stores Inc. has a market cap of $1.92 billion; its shares were traded at around $37.63 with a P/E ratio of 15.8 and P/S ratio of 0.4. The dividend yield of Casey's General Stores Inc. stocks is 1.1%. Casey's General Stores Inc. had an annual average earning growth of 16.3% over the past 10 years. GuruFocus rated Casey's General Stores Inc. the business predictability rank of 2.5-star.
McClatchy Company is a newspaper and Internet publisher. The Mcclatchy Company has a market cap of $257.1 million; its shares were traded at around $3.08 with a P/E ratio of 3.5 and P/S ratio of 0.2.
The PMI Group, Inc. is a holding company which conducts its residential mortgage insurance business through its direct and indirect wholly-owned subsidiaries PMI Mortgage Insurance Company. The Pmi Group Inc. has a market cap of $213.4 million; its shares were traded at around $2.6 with and P/S ratio of 0.2.
CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $7.48 billion; its shares were traded at around $37.6 with and P/S ratio of 1.9.
FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. First Midwest Bancorp Inc. has a market cap of $821.2 million; its shares were traded at around $11.09 with and P/S ratio of 1.8. The dividend yield of First Midwest Bancorp Inc. stocks is 0.4%.
It was said Paulson turned bearish lately. But he has been doing very well for many years with merger arbitrage and cash deals. He initiated many new positions and added to existing positions. Many of those are pending merger deals.
Paulson & Co.. John Paulson owns 76 stocks with a total value of $22.7 billion. These are the details of the buys and sells.
- New Purchases: ACAS, ACL, ARG, BEE, BPOP, BZU, CASY, GGP, GS, ME, MNI, ODSY, PMI, TLCR, XOM,
- Added Positions: FCH, HIG, MGM, MYL, NOVL, PFE,
- Reduced Positions: CIT,
- Sold Out: FMBI,
This is the sector weightings of his portfolio:
| Financials | 39.4% |
| Basic Materials | 13.6% |
| Consumer Services | 8.8% |
| Health Care | 6.7% |
| Oil & Gas | 5.8% |
| Technology | 2.9% |
| Utilities | 0.9% |
| Consumer Goods | 0.5% |
| Industrials | 0.4% |
| Telecommunications | 0.2% |
These are the top 5 holdings of John Paulson
- Spider Gold Shares (GLD) - 31,500,000 shares, 16.89% of the total portfolio.
- Bank Of America Corp. (BAC) - 167,794,229 shares, 10.62% of the total portfolio.
- Citigroup Inc. (C) - 506,700,000 shares, 8.39% of the total portfolio.
- AngloGold Ashanti Ltd. (AU) - 43,749,864 shares, 8.32% of the total portfolio.
- The Hartford Financial Services Group In (HIG) - 44,000,000 shares, 4.29% of the total portfolio. Shares added by 245.1%
Added: The Hartford Financial Services Group In (HIG, Financial)
John Paulson added to his holdings in The Hartford Financial Services Group In by 245.1%. His purchase prices were between $22.16 and $29.64, with an estimated average price of $26.15. The impact to his portfolio due to this purchase was 3.05%. His holdings were 44,000,000 shares as of 06/30/2010.Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. The Hartford Financial Services Group In has a market cap of $9.12 billion; its shares were traded at around $20.34 with a P/E ratio of 5 and P/S ratio of 0.4. The dividend yield of The Hartford Financial Services Group In stocks is 1%.
Added: Mylan Laboratories Inc. (MYL, Financial)
John Paulson added to his holdings in Mylan Laboratories Inc. by 163.85%. His purchase prices were between $17.25 and $23.25, with an estimated average price of $20.29. The impact to his portfolio due to this purchase was 1.4%. His holdings were 30,000,000 shares as of 06/30/2010.Mylan Inc. is one of the world's quality generic and specialty pharmaceutical companies. Mylan Laboratories Inc. has a market cap of $5.38 billion; its shares were traded at around $17.42 with a P/E ratio of 12.6 and P/S ratio of 1.1. Mylan Laboratories Inc. had an annual average earning growth of 25% over the past 10 years. GuruFocus rated Mylan Laboratories Inc. the business predictability rank of 2.5-star.
Added: Pfizer Inc (PFE, Financial)
John Paulson added to his holdings in Pfizer Inc by 46.15%. His purchase prices were between $14.28 and $17.29, with an estimated average price of $15.97. The impact to his portfolio due to this purchase was 0.45%. His holdings were 22,800,000 shares as of 06/30/2010.Pfizer Inc is a research-based, global pharmaceutical company that discovers and develops innovative, value-added products that improve the quality of life of people around the world and help them enjoy longer, healthier, and more productive lives. Pfizer Inc has a market cap of $128.34 billion; its shares were traded at around $16.03 with a P/E ratio of 7.2 and P/S ratio of 2.6. The dividend yield of Pfizer Inc stocks is 4.5%. Pfizer Inc had an annual average earning growth of 1.8% over the past 10 years.
Added: Mgm Mirage (MGM, Financial)
John Paulson added to his holdings in Mgm Mirage by 9.5%. His purchase prices were between $10.05 and $16.64, with an estimated average price of $13.33. The impact to his portfolio due to this purchase was 0.16%. His holdings were 43,800,000 shares as of 06/30/2010.MGM Resorts International, formerly known as MGM MIRAGE, is a global hospitality company, operating a portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. Mgm Mirage has a market cap of $4.4 billion; its shares were traded at around $9.95 with and P/S ratio of 0.7.
Added: Novell Inc. (NOVL, Financial)
John Paulson added to his holdings in Novell Inc. by 20%. His purchase prices were between $5.25 and $6.26, with an estimated average price of $5.87. The impact to his portfolio due to this purchase was 0.13%. His holdings were 30,000,000 shares as of 06/30/2010.Novell, Inc. delivers infrastructure software for the Open Enterprise. Novell Inc. has a market cap of $2.03 billion; its shares were traded at around $5.8 with a P/E ratio of 20 and P/S ratio of 2.3.
Added: Felcor Lodging Trust Inc. (FCH, Financial)
John Paulson added to his holdings in Felcor Lodging Trust Inc. by 50%. His purchase prices were between $5.19 and $8.72, with an estimated average price of $6.98. The impact to his portfolio due to this purchase was 0.03%. His holdings were 4,500,000 shares as of 06/30/2010.FelCor Lodging Trust Inc. is a real estate investment trust. Felcor Lodging Trust Inc. has a market cap of $296.6 million; its shares were traded at around $4.63 with a P/E ratio of 4.6 and P/S ratio of 0.3.
New Purchase: Exxon Mobil Corp. (XOM, Financial)
John Paulson initiated holdings in Exxon Mobil Corp.. His purchase prices were between $57.29 and $69.29, with an estimated average price of $64.08. The impact to his portfolio due to this purchase was 2.31%. His holdings were 9,169,259 shares as of 06/30/2010.Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $303.66 billion; its shares were traded at around $59.88 with a P/E ratio of 11.5 and P/S ratio of 1. The dividend yield of Exxon Mobil Corp. stocks is 3%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
New Purchase: Mariner Energy Inc. (ME, Financial)
John Paulson initiated holdings in Mariner Energy Inc.. His purchase prices were between $15.6 and $26.03, with an estimated average price of $22.27. The impact to his portfolio due to this purchase was 0.95%. His holdings were 10,000,000 shares as of 06/30/2010.Mariner Energy, Inc. is an independent oil and gas exploration, development and production company with principal operations in the Gulf of Mexico and the Permian Basin in West Texas. Mariner Energy Inc. has a market cap of $2.38 billion; its shares were traded at around $23.15 with a P/E ratio of 46.1 and P/S ratio of 2.5.
New Purchase: American Capital, Ltd. (ACAS, Financial)
John Paulson initiated holdings in American Capital, Ltd.. His purchase prices were between $4.34 and $6.45, with an estimated average price of $5.48. The impact to his portfolio due to this purchase was 0.93%. His holdings were 43,725,000 shares as of 06/30/2010.AMERICAN CAPITAL STRATEGIES LTD. is the only private equity fund and the largest alternative asset management company in the S&P 500. American Capital, Ltd. has a market cap of $1.66 billion; its shares were traded at around $4.89 with a P/E ratio of 10.9 and P/S ratio of 2.4.
New Purchase: Popular Inc. (BPOP, Financial)
John Paulson initiated holdings in Popular Inc.. His purchase prices were between $2.64 and $4.02, with an estimated average price of $3.25. The impact to his portfolio due to this purchase was 0.79%. His holdings were 66,666,660 shares as of 06/30/2010.Popular, Inc. is a diversified, publicly owned bank holding company. Popular Inc. has a market cap of $1.61 billion; its shares were traded at around $2.51 with and P/S ratio of 0.6.
New Purchase: Goldman Sachs Group Inc. The (GS, Financial)
John Paulson initiated holdings in Goldman Sachs Group Inc. The. His purchase prices were between $133.44 and $184.27, with an estimated average price of $148.68. The impact to his portfolio due to this purchase was 0.64%. His holdings were 1,100,000 shares as of 06/30/2010.Goldman Sachs is a global investment banking and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments, and high net worth individuals. Goldman Sachs Group Inc. The has a market cap of $75.38 billion; its shares were traded at around $147.76 with a P/E ratio of 6.7 and P/S ratio of 1.5. The dividend yield of Goldman Sachs Group Inc. The stocks is 1%. Goldman Sachs Group Inc. The had an annual average earning growth of 12.7% over the past 10 years.
New Purchase: Alcon Inc. (ACL, Financial)
John Paulson initiated holdings in Alcon Inc.. His purchase prices were between $135 and $161.38, with an estimated average price of $150.54. The impact to his portfolio due to this purchase was 0.63%. His holdings were 966,500 shares as of 06/30/2010.Alcon, Inc. is the world's eye care company. Alcon Inc. has a market cap of $47.98 billion; its shares were traded at around $160 with a P/E ratio of 21.5 and P/S ratio of 7.4. The dividend yield of Alcon Inc. stocks is 2.1%. Alcon Inc. had an annual average earning growth of 18.3% over the past 10 years.
New Purchase: Talecris Biotherapeutics Holdings Corp. (TLCR)
John Paulson initiated holdings in Talecris Biotherapeutics Holdings Corp.. His purchase prices were between $15.915 and $22.47, with an estimated average price of $19.45. The impact to his portfolio due to this purchase was 0.46%. His holdings were 5,000,000 shares as of 06/30/2010.Talecris Biotherapeutics is a global biotherapeutic and biotechnology company that discovers, develops and produces critical care treatments for people with life-threatening disorders in a variety of therapeutic areas including immunology, pulmonology, and hemostasis. Talecris Biotherapeutics Holdings Corp. has a market cap of $2.73 billion; its shares were traded at around $22.25 with a P/E ratio of 16.4 and P/S ratio of 1.8.
New Purchase: General Growth Properties Inc (GGP)
John Paulson initiated holdings in General Growth Properties Inc. His purchase prices were between $12.75 and $16.78, with an estimated average price of $14.74. The impact to his portfolio due to this purchase was 0.38%. His holdings were 6,561,500 shares as of 06/30/2010.General Growth Properties is one of the oldest and most experienced shopping center owners, developers and managers in the United States. General Growth Properties Inc has a market cap of $4.31 billion; its shares were traded at around $13.56 with a P/E ratio of 13.3 and P/S ratio of 1.4. General Growth Properties Inc had an annual average earning growth of 5.9% over the past 10 years.
New Purchase: Odyssey Healthcare Inc. (ODSY)
John Paulson initiated holdings in Odyssey Healthcare Inc.. His purchase prices were between $18.31 and $26.84, with an estimated average price of $22.63. The impact to his portfolio due to this purchase was 0.35%. His holdings were 3,000,000 shares as of 06/30/2010.Odyssey Healthcare, Inc. one of the largest providers of hospice care in the United States. Odyssey Healthcare Inc. has a market cap of $908.1 million; its shares were traded at around $26.96 with a P/E ratio of 17.9 and P/S ratio of 1.3. Odyssey Healthcare Inc. had an annual average earning growth of 7% over the past 10 years.
New Purchase: Airgas Inc. (ARG)
John Paulson initiated holdings in Airgas Inc.. His purchase prices were between $59.79 and $64.4, with an estimated average price of $43.43. The impact to his portfolio due to this purchase was 0.27%. His holdings were 1,000,000 shares as of 06/30/2010.Airgas, Inc., through its subsidiaries, is the largest U. Airgas Inc. has a market cap of $5.49 billion; its shares were traded at around $65.93 with a P/E ratio of 23.1 and P/S ratio of 1.4. The dividend yield of Airgas Inc. stocks is 1.3%. Airgas Inc. had an annual average earning growth of 15.1% over the past 10 years. GuruFocus rated Airgas Inc. the business predictability rank of 4-star.
New Purchase: Strategic Hotels & Resorts Inc. (BEE)
John Paulson initiated holdings in Strategic Hotels & Resorts Inc.. His purchase prices were between $4 and $6.85, with an estimated average price of $5.02. The impact to his portfolio due to this purchase was 0.15%. His holdings were 8,000,000 shares as of 06/30/2010.STRATEGIC HOTELS & RESORTS, INC. is a real estate investment trust which owns and provides value-enhancing asset management of high-end hotels and resorts in the United States, Mexico and Europe. Strategic Hotels & Resorts Inc. has a market cap of $506.6 million; its shares were traded at around $3.74 with a P/E ratio of 11.9 and P/S ratio of 0.7.
New Purchase: Casey's General Stores Inc. (CASY)
John Paulson initiated holdings in Casey's General Stores Inc.. His purchase prices were between $31.54 and $39.42, with an estimated average price of $36.68. The impact to his portfolio due to this purchase was 0.11%. His holdings were 700,000 shares as of 06/30/2010.Casey's General Stores, Inc. operate convenience stores under the name ``Casey's General Store`` in Midwestern states, primarily Iowa, Missouri and Illinois. Casey's General Stores Inc. has a market cap of $1.92 billion; its shares were traded at around $37.63 with a P/E ratio of 15.8 and P/S ratio of 0.4. The dividend yield of Casey's General Stores Inc. stocks is 1.1%. Casey's General Stores Inc. had an annual average earning growth of 16.3% over the past 10 years. GuruFocus rated Casey's General Stores Inc. the business predictability rank of 2.5-star.
New Purchase: The Mcclatchy Company (MNI)
John Paulson initiated holdings in The Mcclatchy Company. His purchase prices were between $3.78 and $6.95, with an estimated average price of $4.92. The impact to his portfolio due to this purchase was 0.08%. His holdings were 5,000,000 shares as of 06/30/2010.McClatchy Company is a newspaper and Internet publisher. The Mcclatchy Company has a market cap of $257.1 million; its shares were traded at around $3.08 with a P/E ratio of 3.5 and P/S ratio of 0.2.
New Purchase: The PMI Group Inc. (PMI)
John Paulson initiated holdings in The Pmi Group Inc.. His purchase prices were between $2.96 and $7.2, with an estimated average price of $4.91. The impact to his portfolio due to this purchase was 0.06%. His holdings were 5,000,000 shares as of 06/30/2010.The PMI Group, Inc. is a holding company which conducts its residential mortgage insurance business through its direct and indirect wholly-owned subsidiaries PMI Mortgage Insurance Company. The Pmi Group Inc. has a market cap of $213.4 million; its shares were traded at around $2.6 with and P/S ratio of 0.2.
Reduced: Cit Group Inc. (CIT)
John Paulson reduced to his holdings in Cit Group Inc. by 23.91%. His sale prices were between $33.81 and $41.75, with an estimated average price of $37.87. The impact to his portfolio due to this sale was -0.12%. John Paulson still held 3,341,134 shares as of 06/30/2010.CIT Group Inc. is a bank holding company that provides financing and leasing capital for commercial companies throughout the world. Cit Group Inc. has a market cap of $7.48 billion; its shares were traded at around $37.6 with and P/S ratio of 1.9.
Sold Out: First Midwest Bancorp Inc. (FMBI)
John Paulson sold out his holdings in First Midwest Bancorp Inc.. His sale prices were between $12.29 and $17.9, with an estimated average price of $14.36.FIRST MIDWEST BANCORP, INC. is a multi-bank holding company engaged in commercial banking, trust, investment management, insurance, mortgage origination and servicing activities. First Midwest Bancorp Inc. has a market cap of $821.2 million; its shares were traded at around $11.09 with and P/S ratio of 1.8. The dividend yield of First Midwest Bancorp Inc. stocks is 0.4%.
