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 12.66

-0.34 -2.62%
Volume: 15,567,595
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ABI 11.47

+0.00 +0.00%
Volume: 1,500
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ACS 55.54

-0.55 -0.98%
Volume: 578,719
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BAC 15.47

-0.48 -3.01%
Volume: 96,712,639
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BCE 26.09

-0.50 -1.88%
Volume: 588,020
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BSX 8.50

-0.14 -1.62%
Volume: 6,425,575
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CCU 37.18

+0.13 +0.35%
Volume: 10,722
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CPS 49.85

+0.00 +0.00%
Volume: 0
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DPS 26.27

-0.75 -2.78%
Volume: 1,051,856
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EDS 9.38

-0.02 -0.21%
Volume: 75,088
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EMDA 0.03

+0.00 +0.00%
Volume: 144,650
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HERO 5.10

-0.23 -4.32%
Volume: 1,674,268
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KGC 19.37

-0.93 -4.58%
Volume: 6,196,050
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LNG 1.95

-0.07 -3.47%
Volume: 139,369
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MIR 14.11

-0.14 -0.98%
Volume: 542,559
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MO 19.00

-0.19 -0.99%
Volume: 13,636,460
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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
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NVT 0.00

-77.97 -100.00%
Volume: 0
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PDLI 6.63

-1.74 -20.79%
Volume: 3,547,153
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PM 49.99

-0.32 -0.64%
Volume: 3,605,083
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TRX 0.15

+0.00 +0.00%
Volume: 563,763
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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 15.00

-0.30 -1.96%
Volume: 11,452,844
Track YHOO


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