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 8.06

-1.23 -13.24%
Volume: 35,772,499
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ABI 27.81

+0.00 +0.00%
Volume: 16,268,032
Track ABI

ACS 39.75

-1.41 -3.43%
Volume: 721,928
Track ACS

BAC 14.34

-0.71 -4.72%
Volume: 107,580,197
Track BAC

BCE 17.93

+0.40 +2.28%
Volume: 3,267,997
Track BCE

BSX 6.57

-0.34 -4.92%
Volume: 15,080,843
Track BSX

CCU 24.36

+0.21 +0.87%
Volume: 35,653
Track CCU

CPS 49.85

+0.00 +0.00%
Volume: 0
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DPS 13.78

-1.28 -8.50%
Volume: 2,795,419
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EDS 24.96

+0.00 +0.00%
Volume: 0
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EMDA 0.10

+0.05 +100.00%
Volume: 378,658
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HERO 4.56

-0.71 -13.47%
Volume: 2,101,602
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KGC 13.51

-0.81 -5.66%
Volume: 10,338,102
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LNG 2.80

-0.08 -2.78%
Volume: 482,621
Track LNG

MIR 18.95

-0.90 -4.53%
Volume: 3,515,353
Track MIR

MO 15.03

-0.47 -3.03%
Volume: 23,233,556
Track MO

MVSN 10.18

-0.44 -4.14%
Volume: 780,403
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 9.25

-0.22 -2.32%
Volume: 1,383,764
Track PDLI

PM 40.86

-0.75 -1.80%
Volume: 10,659,992
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 11.05

-0.45 -3.91%
Volume: 18,453,189
Track YHOO


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