Paulson's 13F Shows New Stakes In BAC, LNG, WHQ; Raised Stakes in BSX and Others

August 13, 2008 3:50 PM EDT

John Paulson's Paulson & Co. released its 13F for the quarter ended June 30, 2008. Paulson is best know for making an estimated $3-$4 billion by betting against the US housing market. Below are his long positions. Many look like merger-arb trades, but there are some interesting tid-bits, like the new BofA stake.

New Positions:
Bank of America (NYSE: BAC) 2,732,700 shares
Applera (NYSE: ABI) 7,300,000 shares
Cheniere Energy Inc. (AMEX: LNG) 4,700,000 shares
Clear Channel Communications Inc. (NYSE: CCU) 10,500,000
DR Pepper Snapple (NYSE: DPS) 1,521,824 shares
EDS (NYSE: EDS) 7,004,000 shares
Philip Morris International, Inc. (NYSE: PM) 7,000,000 shares
W-H Energy Services, Inc. (NYSE: WHQ) 1,900,000 shares
William Wrigley Jr. Co. (NYSE: WWY) 3,450,000 shares

Raised Stakes:
Boston Scientific (NYSE: BSX) from 79,382,600 to 84,000,000 shares
Macrovision (Nasdaq: MVSN) from 1,607,300 to 2,189,655 shares
Nymex Holdings (NYSE: NMX) from 1,000,000 to 2,574,500 shares

Lowered Stakes:
Alcoa (NYSE: AA) from 2,159,000 to 0 shares
Altria Group Inc. (NYSE: MO) from 4,537,000 to 0 shares
BCE (NYSE: BCE) from 4,582,200 to 0 shares
Hercules Offshore (Nasdaq: HERO) from 7,531,000 to 2,000,000 shares
Mirant (NYSE: MIR) from 21,107,285 to 19,644,000 shares
NAVTEQ Corp. (NYSE: NVT) from 9,757,400 to 8,848,800 shares
PDL Biopharma (Nasdaq: PDLI) from 5,398,000 to 0 shares
Yahoo (Nasdaq: YHOO) from 50,000,000 shares to 15,000,000 shares

Maintained Positions:
Affiliated Computer Services, Inc. (NYSE: ACS) 348,500 shares
Choicepoint Inc. (NYSE: CPS) 4,000,000 shares
Equity Media Holdings Corporation (Nasdaq: EMDA) 3,352,382 shares
Kinross Gold Corp. (NYSE: KGC) 28,380,800 shares
Tronox Inc. (NYSE: TRX) 2,021,700 shares


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Stocks Mentioned

AA 6.85

-1.31 -16.05%
Volume: 51,008,022
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ABI 27.85

-0.70 -2.45%
Volume: 2,126,679
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ACS 35.72

-2.35 -6.17%
Volume: 668,624
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BAC 11.25

-1.81 -13.86%
Volume: 195,832,574
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BCE 27.55

-1.52 -5.23%
Volume: 2,519,938
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BSX 5.48

-1.07 -16.34%
Volume: 20,579,498
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CCU 26.16

-1.54 -5.56%
Volume: 12,438
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CPS 49.85

+0.00 +0.00%
Volume: 0
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DPS 14.69

-1.87 -11.29%
Volume: 3,045,685
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EDS 24.96

+0.00 +0.00%
Volume: 0
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EMDA 0.08

-0.02 -20.00%
Volume: 12,600
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HERO 3.18

-1.26 -28.38%
Volume: 6,378,712
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KGC 10.67

-0.46 -4.13%
Volume: 13,394,688
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LNG 2.65

-0.28 -9.56%
Volume: 393,916
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MIR 14.61

-1.99 -11.99%
Volume: 3,994,788
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MO 14.45

-2.05 -12.42%
Volume: 40,804,563
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MVSN 10.28

-0.42 -3.93%
Volume: 2,565,265
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NMX 80.67

+0.00 +0.00%
Volume: 0
Track NMX

NVT 0.00

-77.97 -100.00%
Volume: 0
Track NVT

PDLI 8.70

-0.49 -5.33%
Volume: 2,598,414
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PM 36.63

-0.01 -0.03%
Volume: 19,557,530
Track PM

TRX 0.15

+0.00 +0.00%
Volume: 563,763
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WHQ 89.13

+0.00 +0.00%
Volume: 0
Track WHQ

WWY 79.97

+0.00 +0.00%
Volume: 13,328,252
Track WWY

YHOO 8.95

-0.19 -2.08%
Volume: 37,309,961
Track YHOO


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