Paulson's Paulson & Co. Reduces Citi (C) Exposure; Keeps Gold Level; Likes Tech (STX)(RIG)ABX)(JPM)

February 15, 2011 3:25 PM EST
Get Alerts ABH Hot Sheet
Price: $11.83 --0%

Overall Analyst Rating:
    BUY (= Flat)

Trade Now! 
Join SI Premium – FREE
Hedge fund titan John Paulson released the 13F for his Paulson & Co fund for the quarter ended December 31, 2010 after the close.

The value of the disclosed portfolio is down from $22.899 billion at September 30, 2010 to $29.271 billion at December 31, 2010, but it should be noted that cash, short positions and various other securities are not required to be disclosed in the 13F filing.

Paulson made a ton of new positions through the quarter, putting some of that cash to work. Paulson reduced his exposure to Citi slightly, while maintaining a stake in J.P. Morgan. Gold holding remained relatively untouched. He also increased his tech exposure slightly, with a new stake in Seagate, and raised positions in McAfee and NetApp.

Below a full summary of his notable moves:

Notable New Stakes:
  • AbitibiBowater Inc. (NYSE: ABH) at 4,959,580 shares
  • Baxter International Inc. (NYSE: BAX) at 5,000,000 shares;
  • BlackRock, Inc. (NYSE: BLK) at 2,000,000
  • Boise Inc. (NYSE: BZ) at 1,058,100
  • Bucyrus International Inc. (Nasdaq: BUCY) at 1,000,000 shares;
  • Chemtura (Nasdaq: CHMT) at 171,734 shares;
  • CommScope, Inc. (NYSE: CTV) at 9,000,000 shares;
  • Del Monte Foods Co. (NYSE: DLM) at 19,150,000 shares;
  • Emergency Medical Services Corp. (NYSE: EMS) at 741,680 shares;
  • GenOn Energy, Inc. (NYSE: GEN) at 51,606,409 shares;
  • Howard Hughes Corp. (YSE: HHC) at 2,194,201 shares;
  • International Paper Co. (NYSE: IP) at 2,558,300 shares;
  • J. Crew Group, Inc. (NYSE JCG) at 6,000,000 shares;
  • King Pharmaceuticals Inc. (NYSE: KG) at 20,000,000 shares;
  • Martek Biosciences Corp. (Nasdaq: MATK) at 3,000,000 shares;
  • Medtronic, Inc. (NYSE: MDT) at 9,132,900 shares;
  • Ralcorp Holdings Inc. (RAH) 298,800 shares;
  • Royal Bank of Scotland Group plc (NYSE: RBS) at 777,951 shares;
  • Seagate Technology PLC (NYSE: STX) of 500,000 shares;
  • St. Jude Medical Inc. (NYSE: STJ) at 170,000 shares;
  • State Street Corp. (NYSE: STT) at 2,000,000 shares;
  • Strategic Hotels & Resorts, Inc. (NYSE: BEE) at 8,000,000 shares;
  • SuperMedia Inc. (Nasdaq: SPMD) at 2,607,504 shares;
  • Symantec Corporation (Nasdaq: SYMC) at 5,000,000 shares;
  • Talecris Biotherapeutics Holdings Corp. (Nasdaq: TLCR) at 11,000,000 shares;
  • Teradata Corporation (NYSE: TDC) at 1,450,000 shares;
  • Teva Pharmaceutical Industries Limited (Nasdaq: TEVA) at 4,450,000 shares;
  • Transocean Ltd. (NYSE: RIG) at 7,200,000 shares;
  • Vail Resorts Inc. (NYSE: MTN) at 2,239,924 shares;
  • Veeco Instruments Inc. (Nasdaq: VECO) at 2,228,000 shares;
  • Walter Energy, Inc. (NYSE: WLT) at 1,000,000 shares;
  • Wells Fargo & Company (NYSE: WFC) at 20,500,000 shares;
  • Whirlpool Corp. (NYSE: WHR) at 3,483,200 shares;
  • Wilmington Trust Corporation (NYSE: WL) at 5,135,000 shares;
  • XL Group plc (NYSE: XL) at 8,575,425 shares.
Raised Stakes:
  • Alcon Inc. (NYSE: ACL) from 1,360,200 to 2,500,000 shares
  • Anadarko Petroleum Corporation (NYSE: APC) from 13,400,000 to 21,277,761 shares
  • BMC Software Inc. (NYSE: BMC) from 1,300,000 to 1,600,000 shares;
  • Capital One Financial Corp. (NYSE: COF) from 15,000,000 to 18,000,000 shares;
  • First Horizon National Corp. (NYSE: FHN) from 7,540,184 to 7,676,827 shares;
  • Genzyme Corp. (Nasdaq: GENZ) from 1,901,200 to 6,840,000 shares;
  • Lear Corp. (NYSE: LEA) from 1,382,812 to 2,100,000 shares;
  • McAfee, Inc. (NYSE: MFE) from 5,000,000 to 8,000,000 shares;
  • The McClatchy Company (NYSE: MNI) from 5,000,000 to 5,900,000 shares;
  • NetApp, Inc. (Nasdaq: NTAP) from 720,000 to 970,000 shares;
  • Quest Software Inc. (QSFT) from 1,200,000 to 1,300,000 shares;
  • Sunstone Hotel Investors Inc. (NYSE: SHO) from 3,976,000 to 5,000,000 shares;
  • SunTrust Banks, Inc. (NYSE: STI) from 1,500,000 to 34,358,412 shares.
Notable Maintained Stakes:
  • Aberto-Culver Co. (NYSE: ACV) at 500,000 shares
  • American Capital, Ltd. (Nasdaq: ACAS) at 43,725,000 shares
  • Ashford Hospitality Trust Inc. (NYSE: AHT) at 3,000,000 shares;
  • Barrick Gold Corporation (NYSE: ABX) at 400,000
  • Beazer Homes USA Inc. (NYSE: BZH) at 5,800,000 shares;
  • CB Richard Ellis Group, Inc. (NYSE: CBG) at 13,500,000 shares;
  • CIT Group, Inc. (NYSE: CIT) at 3,341,134 shares;
  • CNO Financial Group (NYSE: CNO) at 24,455,000 shares;
  • Comcast Corporation (Nasdaq: CMCSA) at 40,000,000 shares;
  • Dex One Corporation (Nasdaq: DEXO) at 3,676,394 shares;
  • FelCor Lodging Trust Inc. (NYSE: FCH) at 4,500,000 shares;
  • Gold Fields Ltd. (NYSE: GFI) at 24,050,000 shares;
  • JPMorgan Chase & Co. (NYSE: JPM) at 5,000,000 shares;
  • IAMGOLD Corp. (NYSE: IAG) at 2,700,000 shares;
  • International Tower Hill Mines Ltd. (NYSE: THM) at 5,000,000 shares;
  • MGM Resorts International (NYSE: MGM) at 43,800,000 shares;
  • Mylan, Inc. (NYSE: MYL) at 30,000,000 shares;
  • Northern Trust Corporation (Nasdaq: NTRS) at 1,000,000 shares;
  • NovaGold Resources Inc. (NYSE: NG) at 20,181,818 shares;
  • Pfizer Inc. (NYSE: PFE) at 22,800,000 shares;
  • PMI Group Inc. (PMI) 5,000,000 shares;
  • Popular Inc. (BPOP) at 67,000,000 shares;
  • Quad/Graphics, Inc. (QUAD) at 1,077,000 shares;
  • Randgold Resources Ltd. (GOLD) at 495,000 shares;
  • Regions Financial Corp. (NYSE: RF) at 19,343,700 shares;
  • SPDR Gold Shares (NYSE: GLD) at 31,500,000 shares.
Notable Lowered Stakes:
  • Airgas Inc. (NYSE: ARG) from 1,500,000 to 500,000 shares;
  • AngloGold Ashanti Ltd. (NYSE: AU) from 41,000,000 to 40,949,437 shares;
  • Apollo Group Inc. (Nasdaq: APOL) from 1,600,000 to 1,349,800 shares;
  • Bank of America Corporation (NYSE: BAC) from 137,794,296 to 123,860,951 shares;
  • Boston Scientific Corporation (NYSE: BSX) from 99,135,000 to 25,000,000 shares;
  • Boyd Gaming Corp. (NYSE: BYD) from 4,000,000 to zero shares;
  • Brocade Communications Systems, Inc. (Nasdaq: BRCD) from 2,900,000 to zero shares;
  • Burger King Holdings from 5,000,000 to zero shares;
  • CF Industries Holdings, Inc. (NYSE: CF) from 500,000 to zero shares;
  • CEMEX, S.A.B. de C.V. (NYSE: CX) from 7,000,000 to zero shares;
  • Cheniere Energy, Inc. (NYSE: LNG) from 7,461,191 to 2,824,085 shares;
  • Citigroup, Inc. (NYSE: C) from 424,000,000 to 413,525,641 shares;
  • Dr Pepper Snapple Group, Inc. (NYSE: DPS) from 1,521,824 to zero shares;
  • Family Dollar Stores Inc. (NYSE: FDO) from 2,000,000 to zero shares;
  • Fifth Third Bancorp (Nasdaq: FITB) from 5,000,000 to zero shares;
  • General Growth Properties Inc. (NYSEL GGP) from 6,561,500 to zero shares;
  • Hartford Financial Services Group Inc. (NYSE: HIG) from 44,000,000 to 43,950,701 shares;
  • Hewitt Associates, Inc. from 7,600,000 to zero shares;
  • Kinross Gold Corporation (NYSE: KGC) from 33,140,000 to 19,478,794 shares;
  • Mariner Energy from 10,000,000 to zero shares;
  • Marhall & Ilsley Corporation (NYSE: MI) from 22,050,000 to 14,000,000 shares;
  • Mead Johnson Nutrition Company (NYSE: MJN) from 896,700 to zero shares;
  • Mirant Corp (NYSE: MIR) from 18,203,321 to zero shares;
  • NBTY from 6,100,000 to zero shares;
  • Novell Inc. (NOVL) from 30,000,000 to 20,000,000 shares;
  • Old National Bancorp Ind (NYSE: ONB) from 900,000 to zero shares;
  • People's United Financial Inc. (PBCT) from 2,750,000 to zero shares;
  • Pepsiamericas Inc. from 4,300,000 to zero shares;
  • Pepsi Bottling Group Inc. from 10,000,000 to zero shares;
  • Philip Morris International, Inc. (NYSE: PM) from 9,000,200 to zero shares;
  • Potash Corp. of Saskatchewan, Inc. (NYSE: POT) from 500,000 to zero shares;
  • Schering Plough Corp. (NYSE: SGP) from 57,621,600 to zero shares;
  • Starwood Property Trust, Inc. (Nasdaq: STWD) from 1,046,000 to zero shares;
  • Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT) from 2,600,000 to zero shares;
  • Sun Microsystems Inc. from 74,000,000 to zero shares;
  • ProShares UltraShort Financials (NYSE: SKF) 2,000,000 to zero shares;
  • Varian Medical Systems Inc. (NYSE: VAR) 2,000,000 to zero shares;
  • Wyeh (NYSE: WYE) from 51,694,300 to zero shares.
Real-Time Market Moving News Two-Weeks FREE http://www.streetinsider.com/premium_content.php


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

13Fs

Related Entities

JPMorgan, Citi, Paulson & Co. (PCI), Hedge Funds