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 13.43

-0.04 -0.30%
Volume: 21,272,892
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ABI 11.02

+0.00 +0.00%
Volume: 3,330
Track ABI

ACS 54.86

+0.37 +0.68%
Volume: 1,136,961
Track ACS

BAC 16.43

+0.40 +2.50%
Volume: 184,581,764
Track BAC

BCE 25.88

+0.09 +0.35%
Volume: 550,740
Track BCE

BSX 8.38

+0.11 +1.33%
Volume: 17,026,898
Track BSX

CCU 38.80

-0.80 -2.02%
Volume: 64,395
Track CCU

CPS 49.85

+0.00 +0.00%
Volume: 0
Track CPS

DPS 27.30

-0.26 -0.94%
Volume: 2,199,542
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EDS 9.30

+0.08 +0.87%
Volume: 92,944
Track EDS

EMDA 0.03

+0.00 +0.00%
Volume: 144,650
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HERO 5.57

-0.13 -2.28%
Volume: 3,582,737
Track HERO

KGC 19.61

+0.27 +1.40%
Volume: 8,104,449
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LNG 2.01

-0.05 -2.43%
Volume: 498,524
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MIR 14.97

+0.10 +0.67%
Volume: 1,478,781
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MO 18.97

-0.10 -0.52%
Volume: 15,441,306
Track MO

MVSN 23.68

+0.00 +0.00%
Volume: 2,379,878
Track MVSN

NMX 80.67

+0.00 +0.00%
Volume: 0
Track NMX

NVT 0.00

-77.97 -100.00%
Volume: 0
Track NVT

PDLI 8.28

+0.10 +1.22%
Volume: 1,798,786
Track PDLI

PM 49.35

-0.48 -0.96%
Volume: 4,880,805
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 16.09

+0.05 +0.31%
Volume: 16,350,878
Track YHOO


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