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 12.80

+0.28 +2.24%
Volume: 26,410,782
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ABI 11.58

+0.11 +0.96%
Volume: 100
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ACS 55.86

+0.66 +1.20%
Volume: 1,399,910
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BAC 15.90

+0.05 +0.32%
Volume: 143,182,449
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BCE 27.00

+0.50 +1.89%
Volume: 1,465,099
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BSX 8.44

+0.07 +0.84%
Volume: 13,007,783
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CCU 38.09

+2.04 +5.66%
Volume: 80,784
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CPS 49.85

+0.00 +0.00%
Volume: 0
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DPS 26.50

+0.31 +1.18%
Volume: 1,583,305
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EDS 9.07

-0.04 -0.44%
Volume: 62,200
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EMDA 0.03

+0.00 +0.00%
Volume: 144,650
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HERO 5.11

+0.00 +0.00%
Volume: 3,003,892
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KGC 21.10

+1.08 +5.39%
Volume: 15,723,483
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LNG 1.86

-0.04 -2.11%
Volume: 579,744
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MIR 14.25

+0.01 +0.07%
Volume: 2,168,023
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MO 19.07

+0.26 +1.38%
Volume: 12,666,041
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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 6.70

+0.20 +3.08%
Volume: 6,598,916
Track PDLI

PM 49.17

+1.08 +2.25%
Volume: 9,529,799
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 15.13

+0.16 +1.07%
Volume: 17,096,457
Track YHOO


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