Paulson's Paulson & Co Ups Stake in BofA, Buys More Gold Stocks, Likes MGM and Another Casino

May 17, 2010 4:57 PM EDT
John Paulson's Paulson & Co hedge fund released its 13F for the quarter ended March 31, 2010. Paulson raised his stake in Bank of America (NYSE: BAC), continued to buy gold stocks and entered into a few casino stocks, including MGM (NYSE: MGM). The largest position in the fund is SPDR Gold Shares (NYSE: GLD) at around $4 billion.

Notable Changes:

  • Added 16.67 million shares of Bank of America (NYSE: BAC) to 167.8 million shares
  • Added 900K shares of AngloGold Ashanti Ltd. (NYSE: AU) to 43.7 million shares
  • Added 1.64 million shares of Kinross Gold Corporation (NYSE: KGC) to 33.14 million
  • Added 3 million shares of XTO Energy Inc. (NYSE: XTO) to 13 million shares
  • New 40 million share stake in MGM Mirage (NYSE: MGM)
  • Added 10 million Hartford Financial Services Group Inc. (NYSE: HIG) stake 12.75 million shares
  • New 3.4 million share stake in Apache Corp. (NYSE: APA)
  • New 6 million share stake in Family Dollar Stores Inc. (NYSE: FDO)
  • New 11.37 million share stake in Mylan, Inc. (NYSE: MYL)
  • New 20.18 million share stake in NovaGold Resources Inc. (NYSE: NG)
  • New 25 million share stake in Novell Inc. (Nasdaq: NOVL)
  • New 5 million share stake in Beazer Homes USA Inc. (NYSE: BZH)
  • New 400K share stake in Barrick Gold Corporation (NYSE: ABX)
  • New 2.61 million share stake in Dex One Corporation (Nasdaq: DEXO)
  • New 4 million share stake in Boyd Gaming Corp. (NYSE: BYD)
  • New 2.7 million share stake in IAMGOLD Corp. (NYSE: IAG)
  • Lowers stake in Mead Johnson Nutrition Company (NYSE: MJN) from 4 million to 2 million shares
  • Liquidates Dr Pepper Snapple Group, Inc. (NYSE: DPS), Kraft Foods Inc. (NYSE: KFT), Fifth Third Bancorp (Nasdaq: FITB), Liberty Entertainment Group (Nasdaq: LMDIA), New York Community Bancorp Inc. (NYSE: NYB), Philip Morris International, Inc. (NYSE: PM)

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