Hedge fund
John Paulson
has sold a lot more stocks than he bought during the second
quarter. He has suffered severe loss with his funds since last
year as his bet on the full economic recovery did not fare well.
The decline of gold prices did not help either.
But apparently Paulson is still confident with gold. Gold ETF (
GLD
) was his largest purchase in the second quarter, followed by HCA
Inc., a non-governmental hospital in the U.S. He also bought
Equinix, JPMorgan Chase & Co., Quest Software, Cooper
Industries etc. He sold positions in Anadarko Petroleum, Delphi
Automotive, Medco Health, El Paso, Capital One, Baxter
International etc.
As of 06/30/2012, Paulson & Co. owns 69 stocks with a total
value of $12 billion. These are the details of the buys and
sells.
- New Purchases:
HCA
,
EQIX
,
JPM
,
CBE
,
CVC
,
NCQ
,
- Added Positions:
GLD
,
QSFT
,
GET
,
NG
,
ANV
,
- Reduced Positions:
DLPH
,
COF
,
BAX
,
XL
,
ACAS
,
SNI
,
HHC
,
- Sold Out:
APC
,
MMI
,
STI
,
MLU
,
FDO
,
TNB
,
URI
,
WLT
,
MRX
,
THC
,
BZH
,
NWS
,
TEVA
,
CHMT
,
QUAD
,
For the details of
John Paulson
's stock buys and sells, go to
http://www.gurufocus.com/StockBuy.php?GuruName=John+Paulson
This is the
sector weightings of his portfolio:
|
Basic Materials
|
15.6% |
|
Health Care
|
13% |
|
Financials
|
12.6% |
|
Consumer Goods
|
8.7% |
|
Consumer Services
|
7% |
|
Industrials
|
4.7% |
|
Not Assigned
|
3.1% |
|
Technology
|
2.1% |
|
Utilities
|
0.5% |
|
Telecom
|
0.1% |
These are the top 5 holdings of John Paulson
- SPDR Gold Trust (
ETF
) (
GLD
) - 21,837,552 shares, 28.3% of the total portfolio. Shares
added by 26.15%
- AngloGold Ashanti Limited (ADR) (
AU
) - 32,761,921 shares, 9.4% of the total portfolio. Shares
reduced by 1.21%
- Delphi Automotive PLC (
DLPH
) - 32,264,336 shares, 6.9% of the total portfolio. Shares
reduced by 29.14%
- The Hartford Financial Services Grup Inc (
HIG
) - 31,344,200 shares, 4.6% of the total portfolio. Shares
reduced by 16.35%
- Mylan Inc. (
MYL
) - 24,503,400 shares, 4.4% of the total portfolio.
These are some highlights:
New Purchase:
HCA Inc
(
HCA
)
John Paulson initiated holdings in Hca Holdings Inc. His purchase
prices were between $24.13 and $30.75, with an estimated average
price of $26.45. The impact to his portfolio due to this purchase
was 2%. His holdings were 7,950,000 shares as of 06/30/2012. HCA
Inc. is a non-governmental hospital in the U.S. Hca Holdings Inc
has a market cap of $11.94 billion; its shares were traded at
around $27.21 with a P/E ratio of 8.1 and P/S ratio of 0.4.
New Purchase: Equinix Inc (
EQIX
)
John Paulson initiated holdings in Equinix Inc. His purchase
prices were between $148.92 and $175.28, with an estimated
average price of $160.93. The impact to his portfolio due to this
purchase was 1.5%. His holdings were 1,013,600 shares as of
06/30/2012. Equinix designs, builds and operates neutral Internet
Business Exchangecenters where Internet businesses place their
equipment and their network facilities in order to interconnect
with each other. Equinix Inc has a market cap of $8.77 billion;
its shares were traded at around $180.19 with a P/E ratio of 89
and P/S ratio of 5.5. Equinix Inc had an annual average earnings
growth of 44.9% over the past 5 years.
New Purchase: JPMorgan Chase & Co. (
JPM
)
John Paulson initiated holdings in Jpmorgan Chase & Co.. His
purchase prices were between $31.51 and $45.67, with an estimated
average price of $38.39. The impact to his portfolio due to this
purchase was 1.2%. His holdings were 4,000,000 shares as of
06/30/2012. J.P. Morgan Chase & Co. is a global financial
services firm. Jpmorgan Chase & Co. has a market cap of
$140.73 billion; its shares were traded at around $37.01 with a
P/E ratio of 8.3 and P/S ratio of 1.5. The dividend yield of
Jpmorgan Chase & Co. stocks is 3.3%.
New Purchase: Cooper Industries Plc (
CBE
)
John Paulson initiated holdings in Cooper Industries Plc. His
purchase prices were between $56.38 and $71.54, with an estimated
average price of $64.87. The impact to his portfolio due to this
purchase was 0.57%. His holdings were 1,000,000 shares as of
06/30/2012. Cooper Industries Plc, formerly Cooper Industries,
Ltd. Cooper Industries Plc has a market cap of $11.79 billion;
its shares were traded at around $73.76 with a P/E ratio of 17.8
and P/S ratio of 2.2. The dividend yield of Cooper Industries Plc
stocks is 1.7%. Cooper Industries Plc had an annual average
earnings growth of 7.8% over the past 10 years. GuruFocus rated
Cooper Industries Plc the business predictability rank of 4-star.
New Purchase: Cablevision Systems Corporation (
CVC
)
John Paulson initiated holdings in Cablevision Systems
Corporation. His purchase prices were between $10.95 and $14.83,
with an estimated average price of $12.69. The impact to his
portfolio due to this purchase was 0.23%. His holdings were
2,100,000 shares as of 06/30/2012. Cablevision Systems Corp. is
one of the nation's entertainment and telecommunications
companies. Cablevision Systems Corporation has a market cap of
$4.2 billion; its shares were traded at around $15.46 with a P/E
ratio of 18.5 and P/S ratio of 0.6. The dividend yield of
Cablevision Systems Corporation stocks is 3.9%. Cablevision
Systems Corporation had an annual average earnings growth of 9%
over the past 10 years.
New Purchase: Novacopper Inc (
NCQ
)
John Paulson initiated holdings in Novacopper Inc. His purchase
prices were between $1.95 and $3.6, with an estimated average
price of $2.56. The impact to his portfolio due to this purchase
was 0.1%. His holdings were 5,995,077 shares as of 06/30/2012.
NovaCopper Inc. is a base metals exploration company focused on
exploring and developing the Ambler copper-zinc-lead-gold-silver
deposits project in Northwest Alaska. Novacopper Inc has a market
cap of $82.6 million; its shares were traded at around $1.69 .
Here is the complete portfolio of John Paulson. Also check out
the Undervalued Stocks, Top Growth Companies, and High Yield
stocks of John Paulson.About GuruFocus: GuruFocus.com tracks the
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