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Paulson & Co. Trims Some Gold (GLD) and Exits Banks in a Big Way (BAC) (C) (WFC)

February 15, 2012 9:48 AM EST Send to a Friend
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John Paulson's Paulson & Co. hedge fund released its 13F for the quarter ended December 31, 2011 after the close Tuesday.

Notably, the firm trimmed some of its massive stake in the Gold ETF (NYSE: GLD). The firm also got out of banks in a big way: selling most of its Wells Fargo (NYSE: WFC) and liquidating Bank of America (NYSE: BAC) and Citigroup (NYSE: C).

Paulson also filed a 13D on Hartford (NYSE: HIG) Tuesday pushing for a spin-off of the P&C unit.

New Stakes
Delphi Automotive PLC (NYSE: DLPH) new 51,734,758 share position *
El Paso Corp. (NYSE: EP) new 4,000,000 share position
Pharmasset, Inc. (NASDAQ: VRUS) new 1,500,000 share position
United Rentals, Inc. (NYSE: URI) new 834,900 share position

Raised Stakes
Agnico-Eagle Mines Ltd. (NYSE: AEM) raised from 1,008,700 shares to 1,025,900 shares
AMC NETWORKS-A (NASDAQ: AMCX) raised from 5,000,000 shares to 5,750,000 shares
Barrick Gold Corp. (NYSE: ABX) raised from 907,900 shares to 923,300 shares
Goodrich Corp. (NYSE: GR) raised from 500,000 shares to 1,427,649 shares
IAMGOLD Corp. (NYSE: IAG) raised from 2,723,600 shares to 2,769,900 shares
International Tower Hill Mines (NYSE: THM) raised from 5,043,700 shares to 5,129,500 shares
Medco Health Solutions, Inc. (NYSE: MHS) raised from 700,000 shares to 2,000,000 shares
Motorola Mobility Holdings (NYSE: MMI) raised from 9,000,000 shares to 11,000,000 shares
NovaGold Resources, Inc. (NYSE: NG) raised from 20,208,018 shares to 22,954,818 shares
Randgold Resources Ltd (NASDAQ: GOLD) raised from 923,000 shares to 938,700 shares

Lowered Stakes
AbitibiBowater (NYSE: ABH) lowered from 5,042,525 shares to 4,688,259 shares
American Capital Ltd (NASDAQ: ACAS) lowered from 38,810,859 shares to 31,883,700 shares
Anadarko Petroleum Corp. (NYSE: APC) lowered from 14,171,448 shares to 9,579,548 shares
AngloGold Ashanti Ltd. ADS (NYSE: AU) lowered from 1,517,363 shares to 1,455,640 shares
Baxter International, Inc. (NYSE: BAX) lowered from 6,220,500 shares to 2,864,152 shares
Beazer Homes USA, Inc. (NYSE: BZH) lowered from 5,800,000 shares to 4,850,000 shares
Boise (NYSE: BZ) lowered from 8,000,000 shares to 7,044,300 shares
Capital One Financial Corp. (NYSE: COF) lowered from 22,200,000 shares to 9,492,000 shares
CBRE Group (NYSE: CBG) lowered from 8,450,000 shares to 3,021,900 shares
CNO Financial Group (NYSE: CNO) lowered from 23,903,812 shares to 23,498,496 shares
Fairpoint Communications, Inc. (: FRCMQ) lowered from 2,345,889 shares to 2,283,789 shares
Family Dollar Stores, Inc. (NYSE: FDO) lowered from 2,476,000 shares to 1,500,000 shares
GenOn Energy (NYSE: GEN) lowered from 50,353,509 shares to 4,750,000 shares
Gold Fields Ltd. ADS (NYSE: GFI) lowered from 376,316 shares to 358,462 shares
Grifols Sa Barcelona (: GIFLF) lowered from 71,249 shares to 62,655 shares
Hartford Financial Services Group, Inc. (NYSE: HIG) lowered from 38,852,923 shares to 37,449,923 shares
Howard Hughes (NYSE: HHC) lowered from 1,850,000 shares to 1,578,600 shares
InterDigital, Inc. (NASDAQ: IDCC) lowered from 3,000,000 shares to 2,949,600 shares
Life Technologies Corporation (NASDAQ: LIFE) lowered from 7,362,200 shares to 4,865,492 shares
Medicis Pharmaceutical Corp. (NYSE: MRX) lowered from 700,000 shares to 681,400 shares
MGM Resorts International (NYSE: MGM) lowered from 40,739,500 shares to 37,417,600 shares
Mosaic Company (NYSE: MOS) lowered from 2,250,000 shares to 2,210,100 shares
Mylan, Inc. (NASDAQ: MYL) lowered from 24,896,500 shares to 21,103,400 shares
News Corporation CL B (NASDAQ: NWS) lowered from 14,700,000 shares to 4,909,900 shares
Popular, Inc. (NASDAQ: BPOP) lowered from 67,000,000 shares to 65,770,600 shares
Ralcorp Holdings, Inc. (NYSE: RAH) lowered from 3,234,222 shares to 1,500,000 shares
Rock-Tenn Co. Cl A (NYSE: RKT) lowered from 4,437,754 shares to 3,180,885 shares
Scripps Networks Interactive (NYSE: SNI) lowered from 4,500,000 shares to 3,917,500 shares
Southern Union Co. (NYSE: SUG) lowered from 4,269,800 shares to 5,800 shares
SPDR Gold Trust (NYSE: GLD) lowered from 20,273,540 shares to 17,310,952 shares
State Bank Financial Corporation. (NASDAQ: STBZ) lowered from 2,325,000 shares to 1,928,300 shares
Strategic Hotels & Resorts (NYSE: BEE) lowered from 6,500,000 shares to 5,650,200 shares
Sunstone Hotel Investors, Inc. (NYSE: SHO) lowered from 3,700,000 shares to 1,964,461 shares
SunTrust Banks, Inc. (NYSE: STI) lowered from 30,398,194 shares to 11,850,000 shares
Tenet Healthcare Corp. (NYSE: THC) lowered from 20,000,000 shares to 10,000,000 shares
Teva Pharmaceutical Industries (NASDAQ: TEVA) lowered from 1,976,900 shares to 141,193 shares
TransAtlantic Holdings, Inc. (NYSE: TRH) lowered from 2,000,000 shares to 1,167,500 shares
Transocean (NYSE: RIG) lowered from 16,190,000 shares to 2,606,900 shares
Vail Resorts, Inc. (NYSE: MTN) lowered from 1,800,000 shares to 208,500 shares
Veeco Instruments, Inc. (NASDAQ: VECO) lowered from 3,000,000 shares to 2,946,800 shares
Walter Energy, Inc. (NYSE: WLT) lowered from 1,000,000 shares to 500,000 shares
Wells Fargo & Co. (NYSE: WFC) lowered from 23,847,900 shares to 3,491,000 shares
Whirlpool Corp. (NYSE: WHR) lowered from 2,500,000 shares to 202,111 shares
XL Group plc (NYSE: XL) lowered from 23,675,907 shares to 17,071,900 shares

Liquidated Stakes
Alpha Natural Resources, Inc. (NYSE: ANR) liquidated
Ashford Hospitality Trust, Inc. (NYSE: AHT) liquidated
Bank of America Corp. (NYSE: BAC) liquidated
Blackrock, Inc. (NYSE: BLK) liquidated
Cephalon, Inc. (NASDAQ: CEPH) liquidated
Citigroup, Inc. (NYSE: C) liquidated
Covidien (NYSE: COV) liquidated
CVS Caremark (NYSE: CVS) liquidated
Hewlett-Packard Company (NYSE: HPQ) liquidated
Kinetic Concepts, Inc. (NYSE: KCI) liquidated
Lear Corp. (NYSE: LEA) liquidated
Liberty Media Holding Corporation Interactive Common Series A (NASDAQ: LINTA) liquidated
McClatchy Co. Cl A (NYSE: MNI) liquidated
Medtronic, Inc. (NYSE: MDT) liquidated
Nalco Holding Co. (NYSE: NLC) liquidated
News Corporation - Class A Shares (NASDAQ: NWSA) liquidated
PAETEC Holding Corp. (NASDAQ: PAET) liquidated
Regions Financial Corp. (NYSE: RF) liquidated
RLJ Lodging Trust (NYSE: RLJ) liquidated
SL Green Realty Corp. (NYSE: SLG) liquidated
Talisman Energy, Inc. (NYSE: TLM) liquidated
Temple-Inland, Inc. (NYSE: TIN) liquidated
Weyerhaeuser Co. (NYSE: WY) liquidated

Maintained Stakes
Chemtura (NYSE: CHMT) maintained 221,769 share stake
Dex One Corp. (NYSE: DEXO) maintained 3,676,394 share stake
Felcor Lodging Trust, Inc. (NYSE: FCH) maintained 5,700,000 share stake
PMI Group, Inc. (NYSE: PMI) maintained 5,000,000 share stake
Quad/Graphics, Inc. (NYSE: QUAD) maintained 1,077,000 share stake
SuperMedia, Inc. (NASDAQ: SPMD) maintained 2,607,504 share stake

* Since the original filing these positions have been updated further.




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