John Pauslon Gets Very Long Gold, Also Likes Big Phama (GLD, GDX, WYE, SGP)
Yesterday, we discussed how hedge fund bigwig John Pauslon has gotten very long gold, through ETF SPDR Gold Shares (NYSE: GLD) and other vehicles, but Pauslon's latest 13F showed some other interesting moves. Paulson is one smart cookie, making an estimated $3-$4 billion for himself by betting against the US housing market. Now with Pauslon buying inflation sensitive assets, it may be time to take notice.
Here are the highlights from the filing:
- New 31,500,000 share stake in SPDR Gold Shares (NYSE: GLD), his 1st largest position at $3 billion
- New 30,381,000 share stake in Wyeth (NYSE: WYE), which is merging with Pfizer (NYSE: PFE), 2nd largest
- New 17,300,000 share stake in Market Vectors Gold Miners ETF (NYSE: GDX), 4th largest
- Raised stake in Kinross Gold (NYSE: KGC) 2.4 million shares to 30,780,800 shares
- New 10,311,300 share stake in Petro-Canada (PCZ)
- New 18,268,589 share stake in Gold Fields Ltd. (NYSE: GFI)
- New 9,000,000 share stake in Schering-Plough Corp. (NYSE: SGP)
- New 5,800,000 shares stake in JPMorgan Chase & Co. (NYSE: JPM)
- Liquidated 22.6 million shares stake in BCE (NYSE: BCE)
- Maintained 99,135,000 share stake in Boston Scientific Corporation (NYSE: BSX), 3rd largest.
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