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John Paulson Hedge Fund Gets Long BofA (BAC) and Other Bank Stocks


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August 12, 2009 5:02 PM EDT
John Paulson's Paulson & Co. Inc. hedge fund released its 13F for the quarter ended June 30, 2009. Paulson's new 168M share stake in BofA (NYSE: BAC) is sure to make waves. In addition Paulson's fund bought a number of other bank stocks during the quarter. He also has a new position in Ultrashort Financial (NYSE: SKF), so he may have some type of hedging strategy going on in the banks stocks. Normal short positions are not required to be disclosed in the 13F, so it is quite possible that he is short a number of other banks. What a hedge fund that hedges?!!! - say it ain't so!

Highlights:

  • New 167,990,464 Share Stake In Bank of America (NYSE: BAC)
  • Maintained 31,500,000 Shares Stake In SPDR Gold Shares (NYSE: GLD)
  • New 2,000,000 shares stake in Goldman Sachs (NYSE: GS)
  • Raised Stake in Schering-Plough Corporation (NYSE: SGP) by 46M shares to 55,072,000 shares
  • Raised Stake in Capital One Financial Corp. (NYSE: COF) by 15M shares to 17,000,000
  • New 5,000,000 share stake in Humana Inc. (NYSE: HUM)
  • Lowered stake in Market Vectors Gold Miners ETF (NYSE: GDX) by 11.3M shares to 6,000,000
  • Raised stake in JPMorgan (NYSE: JPM) by 1.2M shares to 7,000,000
  • New 13,440,860 share stake in CB Richard Ellis Group, Inc. (NYSE: CBG)
  • New 35,000,000 share stake in Regions Financial (NYSE: RF)
  • New 12,000,000 share stake in Marshall & Ilsley Corporation (NYSE: MI)
  • New 2,000,0000 share stake in Ultrashort Financial (NYSE: SKF)
  • New 5,000,0000 share stake in Fifth Third Bancorp (Nasdaq: FITB)
  • New 1,500,000 share stake in SunTrust Banks, Inc. (NYSE: STI)

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