Paulson's Paulson & Co. Keeps Gold Rush Alive, Moves Out of Goldman and Increases Citi Stake (C, GS, ABX, APC, XOM, More...)

November 16, 2010 9:59 AM EST
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Hedge fund titan John Paulson released the 13F for his Paulson & Co fund for the quarter ended September 30, 2010, after the close.

The value of the disclosed portfolio is down slightly from $22.93 billion at June 30, 2010 to $22.90 billion at September 30, 2010, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.

During the quarter, Paulson moved out of JP Morgan and Goldman Sachs, and made a large increase in his Citi and Bank of America holdings. Paulson took his media money to Comcast and opted out of DirecTV. Paulson was overall still bullish on gold, maintaining most of his holdings, while shifting some energy money from Exxon Mobil to Anadarko.

Below a full summary of his notable moves:

Notable New Stakes:
  • Alberto-Culver Co. (NYSE: ACV) of 500,000 shares.
  • Anadarko Petroleum Corporation (NYSE: APC) of 13,400,000 shares.
  • Apollo Group Inc. (Nasdaq: APOL) of 1,600,000 shares.
  • BMC Software Inc. (NYSE: BMC) of 1,300,000 shares.
  • Brocade Communications Systems, Inc. (Nasdaq: BRCD) of 2,900,000 shares.
  • Comcast Corporation (Nasdaq: CMCSA) of 40,000,000 shares.
  • Dex One Corporation (Nasdaq: DEXO) of 3,676,394 shares.
  • Hewitt Associates (Since acquired by Aon (NYSE: AON)) of 7,600,000 shares.
  • McAfee, Inc. (NYSE: MFE) of 5,000,000 shares.
  • NBTY, Inc. of 6,100,000 shares (since acquired by The Carlyle Group).
  • NetApp, Inc. (Nasdaq: NTAP) of 720,000 shares.
  • Potash Corp. of Saskatchewan, Inc. (NYSE: POT) of 500,000 shares.
  • Quad/Graphics, Inc. (Nasdaq: QUAD) of 1,077,000 shares.
  • Quest Software Inc. (Nasdaq: QSFT) of 1,200,000 shares.
  • Symantec Corporation (Nasdaq: SYMC) of 5,000,000 shares.
  • Teradata Corporation (NYSE: TDC) of 925,000 shares.
  • ZymoGenetics of 8,000,000 (since acquired by Bristol-Myers Squibb (NYSE: BMY)).
Raised Stakes:
  • Airgas Inc. (NYSE: ARG) from 1,000,000 to 1,500,000 shares.
  • Alcon Inc. (NYSE: ACL) from 966,500 to 1,360,200 shares.
  • Bank of America Corporation (NYSE: BAC) from 67,794,229 to 137,794,296 shares.
  • First Horizon National Corp. (NYSE: FHN) from 7,417,302 to 7,540,184 shares.
  • Lear Corp. (NYSE: LEA) from 1,381,785 to 1,382,812 shares.
  • Popular Inc. (Nasdaq: BPOP) from 66,666,660 to 67,000,000 shares.
  • Talecris Biotherapeutics Holdings Corp. (Nasdaq: TLCR) from 5,000,000 to 10,000,000 shares
Notable Maintained Stakes:
  • American Capital, Ltd. (Nasdaq: ACAS) at 43,725,000 shares.
  • Ashford Hospitality Trust Inc. (NYSE: AHT) at 3,000,000 shares.
  • Beazer Homes USA Inc. (NYSE: BZH) at 5,800,000 shares.
  • Barrick Gold Corporation (NYSE: ABX) at 400,000 shares.
  • Boston Scientific Corporation (NYSE: BSX) at 80,000,000 shares.
  • Boyd Gaming Corp. (NYSE BYD) at 4,000,000 shares.
  • CB Richard Ellis Group, Inc. (NYSE: CBG) at 13,500,000 shares.
  • Cheniere Energy, Inc. (NYSE: LNG) at 7,461,191 shares.
  • CIT Group, Inc. (NYSE: CIT) at 3,341,134 shares.
  • CNO Financial Group, Inc. (NYSE: CNO) at 24,455,000 shares
  • FelCor Lodging Trust Inc. (NYSE: FCH) at 4,500,000 shares.
  • General Growth Properties Inc. (NYSE: GGP) at 6,561,500 shares.
  • Gold Fields Ltd. (NYSE: GFI) at 20,050,000 shares.
  • Hartford Financial Services Group Inc. (NYSE: HIG) at 44,000,000 shares.
  • IAMGOLD Corp. (NYSE: IAG) at 2,700,000 shares.
  • Kinross Gold Corporation (NYSE: KGC) of 33,140,000 shares.
  • Mariner Energy (NYSE: ME) of 10,000,000 shares.
  • The McClatchy Company (NYSE: MNI) of 5,000,000 shares.
  • MGM Resorts International (NYSE: MGM) of 43,800,000 shares.
  • Mirant Corporation (NYSE: MIR) of 18,203,321 shares.
  • Mylan, Inc. (NYSE: MYL) of 30,000,000 shares.
  • Northern Trust Corporation (Nasdaq: NTRS) of 1,000,000 shares.
  • NovaGold Resources Inc. (NYSE: NG) of 20,181,818 shares.
  • Novell Inc. (Nasdaq: NOVL) of 30,000,000 shares.
  • Pfizer Inc. (NYSE: PFE) of 22,800,000 shares.
  • PMI Group Inc. (NYSE: PMI) of 5,000,000 shares.
  • Randgold Resources Ltd. (Nasdaq: GOLD) at 495,000 shares.
  • Regions Financial Corp. (NYSE: RF) at 19,343,700 shares.
  • SPDR Gold Shares (NYSE: GLD) at 31,500,000 shares.
  • Starwood Property Trust, Inc. (Nasdaq: STWD) at 1,046,000 shares.
  • State Street Corp. (NYSE: STT) at 2,000,000 shares.
  • Strategic Hotels & Resorts, Inc. (NYSE: BEE) at 8,000,000 shares.
  • Sunstone Hotel Investors Inc. (NYSE: SHO) at 5,000,000 shares.
  • SuperMedia Inc. (Nasdaq: SPMD) at 2,607,504 shares.
  • Vail Resorts Inc. (NYSE: MTN) at 2,239,924 shares.
Notable Lowered Stakes:
  • AngloGold Ashanti Ltd. (NYSE: AU) from 43,749,864 to 41,000,000 shares.
  • Apache Corp. (NYSE: APA) from 3,400,000 to zero shares.
  • Casey's General Stores Inc. (Nasdaq: CASY) from 700,000 to zero shares.
  • Citigroup, Inc. (NYSE: C) from 506,700,000 to 424,000,000 shares.
  • Capital One Financial Corp. (NYSE: COF) from 17,000,000 to 15,000,000 shares.
  • Devon Energy Corporation (NYSE: DVN) from 3,300,000 to zero shares.
  • DIRECTV (NYSE: DTV) from 5,104,281 to zero shares.
  • Dyncorp International from 5,600,000 to zero shares.
  • Exxon Mobil Corp. (NYSE: XOM) from 9,169,259 to zero shares.
  • Family Dollar Stores Inc. (NYSE: FDO) from 6,000,000 to 2,000,000 shares.
  • The Goldman Sachs Group, Inc. (NYSE: GS) from 1,100,000 to zero shares.
  • Hyatt Hotels Corporation (NYSE: H) from 300,000 to zero shares.
  • Inventiv Health from 3,300,000 to zero shares (went private).
  • JPMorgan Chase & Co. (NYSE: JPM) from 7,000,000 to 5,000,000 shares.
  • Marshall & Ilsley Corporation (NYSE: MI) from 24,050,000 to 22,050,000 shares.
  • Macerich Co. (NYSE: MAC) from 1,281,221 to zero shares.
  • Mead Johnson Nutrition Company (NYSE: MJN) from 2,137,800 to 896,700 shares.
  • Odyssey HealthCare from 3,000,000 to zero shares (acquired by Gentiva (Nasdaq: GTIV)).
  • Sprint Nextel Corp. (NYSE: S) from 10,000,000 to zero shares.
  • Smith International Inc. (NYSE: SII) from 2,000,000 to zero shares.
  • SonicWALL from 3,300,000 to zero (acquire by a group led by Thoma Bravo, LLC).
  • Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) from 2,640,000 to 1,640,000 shares.
  • SunTrust Banks, Inc. (NYSE: STI) from 30,380,700 to 29,380,700 shares.
  • Sybase from 7,000,000 to zero shares (acquired by SAP (NYSE: SAP).
  • Wells Fargo & Company (NYSE: WFC) from 17,500,000 to 15,500,000 shares.
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