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 25.10

+14.75 +142.51%
Volume: 434,349
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ABI 28.61

+19.35 +208.96%
Volume: 435,330
Track ABI

ACS 25.02

-20.03 -44.46%
Volume: 445,866
Track ACS

BAC 27.40

+14.35 +109.96%
Volume: 446,353
Track BAC

BCE 25.15

+4.15 +19.76%
Volume: 446,459
Track BCE

BSX 29.90

+19.79 +195.75%
Volume: 441,568
Track BSX

CCU 27.40

-7.60 -21.71%
Volume: 444,466
Track CCU

CPS 49.85

+0.00 +0.00%
Volume: 0
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DPS 25.10

+3.02 +13.68%
Volume: 439,448
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EDS 24.96

+0.00 +0.00%
Volume: 0
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EMDA 0.03

+0.00 +0.00%
Volume: 144,650
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HERO 3.47

-0.34 -8.92%
Volume: 2,209,949
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KGC 18.94

-0.44 -2.27%
Volume: 7,374,205
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LNG 28.67

+25.89 +931.29%
Volume: 446,481
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MIR 25.12

+8.81 +54.02%
Volume: 441,444
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MO 26.35

+9.67 +57.97%
Volume: 445,496
Track MO

MVSN 21.65

-0.75 -3.35%
Volume: 986,911
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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 7.98

-0.03 -0.37%
Volume: 2,724,407
Track PDLI

PM 25.08

-19.01 -43.12%
Volume: 447,136
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 14.99

-0.42 -2.73%
Volume: 16,920,572
Track YHOO


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