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 13.29

+0.16 +1.22%
Volume: 7,226,230
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ABI 11.30

+0.00 +0.00%
Volume: 100
Track ABI

ACS 55.93

+0.63 +1.14%
Volume: 332,616
Track ACS

BAC 16.41

+0.32 +1.99%
Volume: 60,589,480
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BCE 26.45

+0.72 +2.80%
Volume: 128,198
Track BCE

BSX 8.14

+0.05 +0.62%
Volume: 4,612,895
Track BSX

CCU 37.30

+0.28 +0.76%
Volume: 45,351
Track CCU

CPS 49.85

+0.00 +0.00%
Volume: 0
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DPS 27.40

+0.10 +0.37%
Volume: 281,249
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EDS 9.91

-0.14 -1.39%
Volume: 75,282
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EMDA 0.03

+0.00 +0.00%
Volume: 144,650
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HERO 5.32

+0.24 +4.72%
Volume: 920,385
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KGC 20.06

+0.92 +4.81%
Volume: 3,704,471
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LNG 2.01

+0.02 +1.01%
Volume: 38,604
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MIR 14.15

+0.21 +1.51%
Volume: 189,855
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MO 19.07

+0.09 +0.47%
Volume: 5,014,113
Track MO

MVSN 23.68

+0.00 +0.00%
Volume: 2,379,878
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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 7.96

+0.06 +0.76%
Volume: 869,566
Track PDLI

PM 50.13

+0.40 +0.80%
Volume: 2,042,665
Track PM

TRX 0.15

+0.00 +0.00%
Volume: 563,763
Track TRX

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 15.58

+0.20 +1.30%
Volume: 5,076,042
Track YHOO


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