After several years of middling returns, the Paulson Recovery
fund recovered. It was the third top-returning large hedge fund in
2013, returning 45%, compared to 4.9% last year, according to
) in the fourth quarter also bought 16 new stocks, and holds 87 in
total, in a portfolio valued at $20.3 billion. The new buys include
massive stakes in three companies.
Extended Stay America Inc. (
Paulson revealed owning a stake of 55,711,591 Extended Stay America
Inc. shares, sized at 27.2% of the company's shares outstanding and
7.2% of Paulson's portfolio.
Extended Stay America held its initial public offering of
28,250,000 paired shares on Nov. 13, 2013. The company expected to
raise $531.1 million from the offering which it would use to pay
down debt. Its share price has appreciated 11% since the offering,
trading around $26.49 on Tuesday.
Extended Stay America Inc. has a market cap of $5.42 billion; its
shares were traded at around $26.49 with a P/E ratio of 98.10 and
P/S ratio of 4.10. Extended Stay America Inc. had an annual average
earnings growth of 15.10% over the past five years.
Houghton Mifflin Harcourt Company (
Paulson reported a stake of 30,912,558 shares of Houghton Mifflin
Harcourt Company, sized at 2.6% of his portfolio, and 22.09% of the
Houghton Mifflin also held an IPO on Nov. 14, 2013, selling 18.25
million shares of the company, priced at $12 a share. Its share
price has since gained 22.76% to trade around $19.47 on Tuesday.
Houghton Mifflin Harcourt Company has a market cap of $2.73
billion; its shares were traded with and P/S ratio of 2.0.
American Airlines Group Inc. (
Finally, Paulson reported owning 8.5 million shares of American
Airlines Group, worth 1.1% of his portfolio.
American Airlines changed its ticker symbol on Dec. 9, 2013, when
it merged with US Airways. Its shares have gained almost 40% since
the merger, to trade around $34.31 on Tuesday.
The company has a market cap of $11.51 billion, with a P/E of 10.3
and P/S of 0.2.
For more John Paulson (Trades, Portfolio) stocks, visit his
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