Tempering Gold - John Paulson's Second Quarter Selling

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John Paulson , founder of Paulson & Company, is a legendary hedge fund investor well-known for generating mega-returns in the 2008 market crash and for extraordinary gains and losses in the gold market. The Paulson portfolio update shows 91 stocks, 15 of them new, and a total value of $14.17 billion. Paulson's firm has a quarter-over-quarter turnover of 21%.

Guru John Paulson was actively selling in the second quarter of 2013:

SPDR Gold Trust ETF ( GLD ): Reduced

Guru Action: As of June 30, 2013, John Paulson reduced his position by 53.13%, selling 11,602,700 shares at an average price of $136.88 for a loss of 3.8%. Paulson has averaged a gain of 34% on 36,026,600 shares bought at an average price of $97.97. On shares sold, he has averaged a loss of 14% on 25,791,748 shares sold at an average price of $152.69 per share.

His current shares stand at 10,234,852.




Life Technologies Corp. ( LIFE ): Reduced


Guru Action: As of June 30, 2013, John Paulson reduced his position by 91.31%, selling 13,489,267 shares at an average price of $72.60 for a gain of 2.7%. Paulson has averaged a gain of 50% on 17,428,208 shares bought at an average price of $49.83 per share. On shares sold, he has averaged a gain of 11% on 16,143,775 shares sold at an average price of $67.12 per share.

His current shares stand at 1,284,433.

McMoRan Exploration Co. ( MMR ): Sold Out

Guru Action: As of June 30, 2013, John Paulson sold out his holding, selling 16,100,000 shares at an average price of $16.61 for a loss of 15.1%.

Delphi Automotive PLC ( DLPH ): Reduced

Guru Action: As of June 30, 2013, John Paulson reduced his position by 81.61%, selling 7,100,000 shares at an average price of $46.86 for a gain of 15.9%. Paulson has averaged a gain of 157% on 51,734,758 shares bought at an average price of $21.10 per share. On shares sold, he has averaged a gain of 61% on 50,134,758 shares sold at an average price of $33.67 per share.

His current shares stand at 1,600,000.


Equinix Inc. ( EQIX ): Reduced


Guru Action: As of June 30, 2013, John Paulson reduced his position by 52.38%, selling 1,100,000 shares at an average price of $207.87 for a loss of 20.2%. Paulson has averaged a loss of 4% on 2,100,000 shares bought at an average price of $173.53 per share. On shares sold, he has averaged a loss of 20% on 1,100,000 shares sold at an average price of $207.87 per share.

His current shares stand at 1,000,000.


Mylan Inc. ( MYL ): Reduced


Guru Action: As of June 30, 2013, John Paulson reduced his position by 32.83%, selling 5,934,100 shares at an average price of $29.87 for a gain of 21.2%. Paulson has averaged a gain of 77% on 43,356,500 shares bought at an average price of $20.41 per share. On shares sold, he has averaged a gain of 43% on 31,217,200 shares sold at an average price of $25.24 per share.

His current shares stand at 12,139,300.


Scripps Networks Interactive Inc. ( SNI ): Sold Out


Guru Action: As of June 30, 2013, John Paulson sold his holding, unloading 2,100,000 shares at an average price of $67.14 for a gain of 9.9%.


Wells Fargo & Co. ( WFC ): Sold Out


Guru Action: As of June 30, 2013, John Paulson sold out his position, selling 3,491,000 shares at an average price of $38.97 for a gain of 10.3%.


Hartford Financial Services Group Inc. ( HIG ): Reduced


Guru Action: As of June 30, 2013, John Paulson reduced his position by 45.53%, selling 4,989,600 shares at an average price of $28.84 for a gain of 7.4%. Paulson has averaged a gain of 21% on 44,020,753 shares bought at an average price of $25.60 per share. On shares sold, he has averaged a gain of 43% on 38,052,083 shares sold at an average price of $21.69 per share.

His current shares stand at 5,968,670.


Capital One Financial Corp. ( COF ): Sold Out


Guru Action: As of June 30, 2013, John Paulson sold out his holding, selling 2,200,000 shares at an average price of $58.92 for a gain of 13.8%.

Study the rest of Guru John Paulson's reductions and sells as of June 30, 2013.



GuruFocus Real Time Picks reports the stock purchases and sales that Gurus have made within the prior 2 weeks. The report time lag can be as short as 2 days after the date of the transaction. This feature is for Premium Members only.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: DLPH , EQIX , GLD , LIFE , MYL

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As of 7/29/2014, 01:11 PM